Candles Probability

Indicator Candles Probability displays, the percentage of bull / bear spark for a selected period of bars in a histogram, as well as gives an alert with detailed statistics bars showing the percentage of bull, bear and DOJI candles per set period in the input parameters. The bar graph shows the percentage of bars where the largest number for the selected period. If the histogram is green, the number of bullish candle prevails over the number of bear, if the histogram is red, the bars bear more than a bull.

Example: If the display settings set CandlesPeriod = 62 and the current value of the indicator red candle and equals "57", this means that for the last 62 bar - 57 bar are bearish% and 43% respectively bovine. The same indicator takes into account the DOJI candles (when the closing price is equal to the opening price) and gives detailed information in the Alert.

Input parameters

• CandlesPeriod - between the bars of which made the calculation of the indicator values.


• Bars - Number of bars to the indicator values.