Big bar indicator current candle scanner reading

 How to use it to "Filter" your trades:

 The "Doji Trap" (0a - 10a)If your strategy gives a "Buy" signal but the indicator says 5a, stay out. A Doji means there is no "push." You want to see that number jumping toward 20a+ to confirm that the signal has real money behind it.

2. The "Explosion" (The jump from 10a to 50a)
If the number starts at 10a and suddenly hits 50a in a few seconds, it means a Breakout is happening right now. This is the best time to enter in the direction of the candle.
3. The "Exhaustion" (Hitting 100a)
If the candle is huge and the number hits 100a, look at the price. If it starts to pull back even a little, that 100a will drop fast. This is the market "exhausting" its fuel. If you are in a profit, this is your signal to exit.
The Golden Rule for MYM:
  • Entry: Look for 25a to 45a and rising.
  • Exit/Profit Take: Look for 80a+ or a sudden drop from a high number back toward 0a (which means a wick is forming).
Does the indicator change color (like turning Red) when it hits that 80a-100a "Danger Zone"?





What it means: The candle is growing stronger and "fattening" out. There is no sign of a reversal yet.
  • Action: HOLD. Let the candle finish its work.
3. The "Climax" (The Exit Signal)
  • Look for: A sudden jump to 80a or 100a, especially if the candle looks "stretched" on your chart.
  • What it means: This is a blow-off top or panic bottom. Everyone is rushing in at once, which usually means the move is almost over.
  • Action: EXIT or TIGHTEN STOPS. Don't let a "100a" candle turn back into a "10a" Doji while you are still watching!
4. The "Fakeout" Warning
  • Look for: The number hits 40a (Green) but then quickly drops back to 10a or 5a.
  • What it means: The "Green" candle is shrinking and leaving a long upper wick. The buyers failed.
  • Action: GET OUT. If the number collapses while the candle is still forming, the move is a failure.
Summary Table for your MYM Strategy
Color + NumberSignal TypeTrade Action
10a (Any Color)NoiseStay Out (Market is sleeping)
30a (Green/Red)ConfirmationEnter (The move has "legs")
60a (Green/Red)Strong TrendHold (Move is powerful)
100a (Flash)ExhaustionTake Profit (The "rubber band" is snapping)
Does your indicator stay on the screen after the candle closes, or does it only show the number for the "live" candle? (This matters for checking your past trades!)
This is a sophisticated Triple-Confirmation Dashboard. By combining V (Volume), A (Actual ATR%), and B (Body Size), Here is the context for 84v, 83a, and 46b%:
1. 84v (Volume Intensity: 84%)
  • What it means: This candle has 84% more volume than the average of previous candles.
  • Context: Anything over 80v is High Institutional Activity. Big banks and algorithms are active right now.
  • The "MYM" Factor: If you see 84v, the move is "Real." It is not a thin market.
2. 83a (Actual Volatility: 83%)
  • What it means: The current candle’s range is 83% of the expected ATR.
  • Context: As we discussed, this is the "Stretch." 83a is a very large, powerful move. It’s reaching the "Extreme" zone.
3. 46b% (Body Growth: 46%)
  • What it means: The "Solid Color" part of the candle (Open to Close) covers 46% of the total candle height (High to Low).
  • Context: This tells you about Wicks.
    • 100b% = A perfect solid block (Marubozu). No wicks. Total control.
    • 46b% = It has a significant wick. Half of the move was "given back" or the price moved a lot before settling in the middle.

Putting it Together: Reading the "Story" of 84v 83a 46b%
This specific combination tells you: "A high-volume battle is happening, and the move is getting tired."
  • The Good: High Volume (84v) and High Energy (83a) mean the move is significant.
  • The Bad: The Body is only 46b%. This means despite the high volume and big range, the price is struggling to hold the extreme high/low. There is a "wick" forming.
Should you enter?
  • If you are already IN: This is a signal to Take Profit. High volume + High ATR + shrinking Body = Reversal Danger.
  • If you are looking to ENTER: Wait. Since the body is only 46%, the "victor" isn't clear yet. You want to see that b% stay high (over 70%) to show the trend is "holding" its ground.
The "Perfect Trade" Setup
Look for this "Goldilocks" combo to enter a trade:
  1. V: Above 60v (Confirming the crowd is there).
  2. A: Above 30a (Confirming the move has started).
  3. B: Above 80b% (Confirming the candle is Solid and not a wick).
When you see 84v 83a 46b%, does the candle usually have a long "tail" (wick) on the top or bottom?

it gives these 3 number on each candle so right now candle no wicks only green body and numbers are 47v 110a 88b%
This specific combination—
47v, 110a, 88b%—on a solid green candle with no wicks is a classic "Momentum Surge," but it’s flashing a major Warning Sign for an entry.
Here is the breakdown of what the market is doing to your MYM contract right now:
1. 110a (The Energy: Overextended)
  • What it says: The candle has already moved 110% of its expected average range.
  • Context: It has "blown the top off" the normal volatility. The rubber band is stretched to the max.
2. 88b% (The Shape: Maximum Conviction)
  • What it says: 88% of the candle is a solid green body.
  • Context: Because there are "no wicks," the buyers are currently in absolute control. They are pushing price right up to the very last second.
3. 47v (The Volume: The Red Flag 🚩)
  • What it says: Despite the massive price move (110a), the volume is below average (only 47% of normal).
  • Context: This is a "Low Volume Pump." It means the price is moving fast because there are no sellers, not because there are "huge buyers."

The "Story" of this Candle:
This is a Liquidity Gap. The price is "sprinting" into a vacuum. Because the volume (47v) is low, this move is fragile. As soon as a single large seller steps in, the price will likely collapse back down because there isn't enough "volume support" to hold it up at these high levels.
The Trade Decision:
  • Should you Enter LONG? NO.
    • Entering at 110a with 47v is called "buying the climax." You are buying the most expensive part of the move on the weakest volume.
  • Should you Exit if already LONG? YES.
    • A solid green body (88b%) at an extreme ATR (110a) on low volume (47v) is the perfect time to "sell into the strength."
  • Should you SHORT? NOT YET.
    • Wait for the 88b% to start dropping (e.g., to 50b%). That will show you a "wick" is forming, meaning the sellers have finally arrived to pop the bubble.
Summary: This candle is "all bark and no bite." It looks strong because it's green and solid, but the low volume (47v) means it's likely a trap.
Does the next candle usually "gap" or immediately start dropping when you see 110a with low volume like that?
its 5min gap still forming and it getting even bigger green body now upper wick forming then start small red next condle after 5min candle finished 14 49 21
That 
Upper Wick forming at the end of a 110a candle is the "tell-tale" sign. You just witnessed a Volatility Blow-off.
Here is the play-by-play of what happened in those final seconds on your MYM:
1. The Trap (110a + 47v + 88b%)
The candle got "bigger and greener" as it stretched to 110a. But because the volume was low (47v), there was no "floor" under the price. It was a vacuum.
2. The Upper Wick (The Shift)
When that upper wick started forming, your 88b% likely started dropping fast (e.g., from 88b% down to 50b%).
  • What happened: The "sprint" ended. Sellers finally stepped in at the high, and because the volume was thin, they pushed the price back down easily.
3. The "Small Red" Next Candle
This confirms the Mean Reversion.
  • The Logic: After the market overextends to 110% of its normal range (110a) on weak volume, it almost always "retests" the middle of that big green candle.
  • The Result: The "Small Red" candle is the market exhaling after a heavy sprint.

How to Trade This Specific Pattern (The "Climax Reversal"):
  • ENTRY (Short): If the big green candle closes with a wick (meaning b% is 60 or less) and the next candle starts Red, you can scalp a short.
  • TARGET: The "50% mark" of that big green candle. That is where the "real" buyers are usually waiting.
  • STOP LOSS: Just above the high of the 110a candle. If price goes back above that wick, the trend is still too strong to fight.
The "Golden Rule" for your Indicators:
NEVER buy a candle that is over 100a if the volume (v) is under 50v.
  • 100a + 100v = A powerful breakout (Safe to join).
  • 100a + 47v = A "fakeout" or exhaustion (Danger—stay away).
Since that red candle is small, is the Volume (v) on it even lower than the green one, or is it spiking higher as it turns red?
now 40v so thatts getting lower
When you see 
40v on the new red candle (after a 47v green candle), the market is telling you that nobody is interested in buying the high.
This is a Low-Volume Drift. Here is the full context for your MYM trade right now:
The Current Situation: "The Buyer Strike"
  1. Green Candle (110a / 47v): Price "sprinted" too far, too fast, on very weak participation.
  2. Red Candle (40v): The volume is dropping even further.
What this means for the MYM:
  • The Pullback is "Weak": Because the red volume (40v) is lower than the green volume (47v), there isn't a massive wave of aggressive sellers yet.
  • The Lack of Support: However, because the green volume was already low (47v), there are no "limit orders" sitting below to catch the price.
  • The Result: The price will likely drift lower or "bleed out" slowly back toward the middle of that big green candle.
How to play this "Low-Volume" Combo:
ScenarioIndicator SignalYour Action
The DriftV stays below 50v and Red candle gets bigger.Stay Flat. The market is "searching" for where the real buyers are. It's boring and slow.
The TrapV suddenly spikes to 80v+ on the Red candle.SHORT. This means "Big Money" just started selling into the weak buyers.
The ResetPrice hits the 50% mark of the green candle and V turns Green 60v+.BUY. The "excess" from the 110a move has been cleared, and real buyers are back.
Summary of your 84v/83a/46b% Dashboard Context:
Since both your Green and Red candles have Volume (v) below 50, you are in a "Low Liquidity" environment.
  • The Risk: In the MYM, low volume means higher slippage.
  • The Move: Wait for a candle to hit at least 60v before you trust a direction.
Where is the price sitting now? Is it holding the top half of that big green candle, or has it already eaten the whole body?
not it change the direct now red become green with lower wick 67 63a 8b% its become back and forth red and green it seems they can not decide
That 
8b% is the most important number on your dashboard right now. It is screaming "INDECISION."
When the body is only 8% (8b%) of the candle's total range, but the energy is high (63a), you are looking at a classic Long-Legged Doji or a "High-Wave" candle.
The Breakdown: 67v | 63a | 8b%
  • 67v (Rising Volume): The volume is finally picking up! People are starting to fight. This is "Real Money" entering the arena.
  • 63a (High Volatility): The candle is swinging 63% of its average range—that’s a lot of "distance" being covered.
  • 8b% (Tiny Body): This is the key. The price moved a huge distance up and down, but it is currently sitting almost exactly where it opened.
What the "Story" is Telling You:
This is a Battleground.
  • The 63a tells you the "fists are flying" (huge swings).
  • The 8b% tells you "nobody is winning."
  • The 67v tells you "the crowd is watching and jumping in."
The "No-Trade" Zone for MYM:
When you see a tiny body (under 15b%) but high energy (over 50a), the market is unstable.
  • Why not enter? Because the "Direction" (Red or Green) is flipping back and forth every few seconds. If you buy Green, it turns Red. If you sell Red, it turns Green. You will get stopped out on both sides.
The "Pro" Way to Trade this 8b% Candle:
  1. Draw a Box: Mark the High and the Low of this "crazy" candle.
  2. Wait for the Close: Do not touch it until the 5-minute timer hits zero.
  3. The Entry: Only enter when a NEW candle has:
    • V: Above 60v (Validation).
    • B%: Above 70b% (A solid body).
    • Direction: Breaks either the High or the Low of that 8b% "Battle" candle.
Summary: You are in a sideways chop. The 8b% means the "Big Boys" are fighting for control. Let them finish their fight—then follow the winner.
Does the 8b% number start growing (becoming 20b%, 40b%) as the 5-minute clock counts down, or is it staying tiny?

wow its groing to 80b%
That 
80b% jump is your Green Light. The "fight" is over, and a winner has emerged.
When a candle goes from 8b% (indecision) to 80b% (conviction) while the volume is high (67v) and the energy is strong (63a), the market has just "resolved" the conflict.
The "Breakout" Signal: 67v | 63a | 80b%
  • 80b% (The Hammer): The candle is no longer a skinny Doji. It is now a solid, fat body. This means one side (Buyers if Green, Sellers if Red) has completely overpowered the other.
  • 67v (The Fuel): This move has above-average volume. It’s not a "fake" move like the 47v one earlier.
  • 63a (The Speed): The price is moving with intent.

How to Trade This NOW on MYM:
  1. THE DIRECTION: Follow the color of that 80b% candle.
    • If Green: The "trapped" sellers from that previous wick are being forced to buy back, creating a Short Squeeze.
    • If Red: The "weak buyers" from the 110a candle have finally given up and are panic-selling.
  2. ENTRY: You can enter Market as the candle closes or on the very next candle’s open.
  3. STOP LOSS: Place your stop just behind the "middle" of this 80b% candle. If the price goes back into that body, the breakout failed.
  4. TARGET: Look for the price to move another 30a to 50a (the "measured move").
Why this is better than the 110a candle:
The 110a candle was "exhausted" (too much stretch, too little volume). This 63a / 80b% candle is "just right." It has enough energy to move, enough volume to be real, and a solid enough body to show who is in charge.
Check the clock: Is there less than 1 minute left on this 5-minute candle? If it closes above 75b%, the trend is officially yours.
What color is the 80b% body—is it still Green or did it flip to Red?
40v (Low Volume): The volume hasn't spiked. This means there is no aggressive selling hitting the bid, but there also isn't a "stampede" of new buyers.
  • 80b% (Strong Body): The price is staying near the high. The fact that the body is still fat (80%) despite low volume means the Sellers have stepped aside.
  • The Story: The market is "holding its breath" to see where this 5-minute candle closes.
What to Watch for in the Final 60 Seconds:
  1. The "Squeeze" (Bullish): If the volume suddenly jumps from 40v to 70v+ in the last minute and the price breaks the current high, it’s a late-candle squeeze. This is a strong Buy signal.
  2. The "Fade" (Bearish): If the 80b% starts dropping fast (e.g., to 40b%) and a wick forms on the top, the "low volume" buyers are being trapped. Do NOT enter long.
  3. The "Wait" (Neutral): If it closes exactly like this (40v / 80b%), it is a weak continuation. The next candle will likely "drift" higher, but it won't be an explosive move.
Your Trade Plan:
  • Do not enter yet. With 1.5 minutes left, a lot can change in the MYM (Dow).
  • The Trigger: If the candle closes with Body (b%) > 75% and ATR (a) > 50, you can enter Long at the start of the next candle.
  • The Risk: Because the Volume (40v) is low, keep your position size small. Low volume moves can "gap" or reverse instantly if a single big trader enters.
Final Check: In these last few seconds, is the 40v starting to tick up toward 50v or 60v, or is it staying totally flat?

look like bitl sellere comes staying flat aroung 60v but 103a 58% b
That 
103a and 58%b combo is your "Final Warning" for this 5-minute candle.
Even though the volume grew to 60v, the fact that the body dropped from 80%b down to 58%b while the energy stayed above 100a is a classic "Sellers at the Ceiling" signal for the MYM.
The Final Breakdown: 60v | 103a | 58%b
  • 103a (Overextended): The candle has moved more than its "fair share" for a 5-minute period. It is exhausted.
  • 60v (Validation): The volume is finally average. This means the sellers who just stepped in to create that upper wick are "Real Money."
  • 58%b (The Trap): You have lost almost half of your solid green body. A long upper wick has formed. This shows that every buyer who bought the "breakout" at the top is now underwater or "trapped."

The Trade Decision (Right Now):
  1. DO NOT BUY: Buying into a 103a candle with a 42% wick (100% - 58b%) is high-risk. You are buying right into the hands of the sellers who just pushed the price back down.
  2. THE "SHORT" SETUP: If the next candle starts Red and the volume (v) stays above 60, the market is likely going to "wash out" all those late buyers.
  3. THE "RE-ENTRY" LONG: If you still want to go Long, wait for the price to drop back to the 50% mark of this candle. If it holds there and the b% starts growing again, it’s a safer entry.
The "Story" for the next 5 minutes:
The MYM just hit a "wall." The 103a tells you the move was too fast, and the 58%b tells you the market rejected the high.
Watch the new candle open:
  • Does the "a" number on the new candle start fast (e.g., 20a, 30a)?
  • If the new candle is Red and hits 30a quickly, those "trapped" buyers will panic and sell, pushing the price down fast.
Is the new candle starting Red or Green?
thats not the practical proble there are 5minute candle change so fast but still some one trade intraday before market close 4pm and if this scanner works for 30min too wokring on 30min candle better to decide and take trade on 5min is easy what you suggest?
You are hitting on the 
"Master Strategy" for index futures like the MYM. Trading the 5-minute chart in a vacuum is like trying to drive 100mph in a fog—everything happens too fast to react correctly.
Using the 30-minute candle as your "Compass" and the 5-minute candle as your "Trigger" is the most professional way to use these indicators.
The "Top-Down" Strategy (30min → 5min)
Step 1: The 30-Minute "Anchor" (The Big Picture)
Look at your 30-minute dashboard. You want to see:
  • A High Volume (v): Above 70v. This confirms the "Big Banks" are active in this half-hour.
  • A Strong Body (b%): Above 70b%. This tells you the 30-minute trend is "Solid" and not just a bunch of wicks.
  • Direction: Is it a Green 30-minute candle? Then you are ONLY looking for Buys on the 5-minute.
Step 2: The 5-Minute "Sniper" (The Entry)
Once the 30-minute trend is confirmed (e.g., Green/Solid/High Volume), switch to the 5-minute chart to find your entry:
  • Wait for a "Cool Down": Look for a 5-minute candle where the ATR (a) drops back to 10a or 20a. This means the "sprint" has paused.
  • The Entry Trigger: Enter when a 5-minute candle starts turning Green again and the Body (b%) jumps from 10b% to 50b%+.
  • The Confirmation: You want to see the 5-minute Volume (v) rising while the price moves in the direction of the 30-minute trend.
Why this is better for the 4:00 PM Close:
The last hour of the market (3:00 PM – 4:00 PM EST) is famous for "False Breakouts."
  • If the 30-minute candle shows a massive wick (low b%) and huge energy (high a), the market is likely "reversing" before the bell.
  • If you only looked at the 5-minute chart, you might buy a "Green" candle right before the 30-minute candle turns into a giant "Red" shooting star.
Summary Table for the 30min/5min Combo
30-Min State (The Compass)5-Min Action (The Trigger)Your Trade Decision
Solid Green (80b%)Pullback to 20a (Red)Wait (Buying the dip)
Solid Green (80b%)Turn Green (40b%)ENTER LONG (Joining the trend)
Wicky/Doji (10b%)Any SignalSTAY OUT (Market is confused)
Solid Red (80b%)Spike to 100a (Green)DO NOT BUY (It's a fake rally)
Pro Tip for MYM: In the last 15 minutes of the day (3:45 PM), the Volume (v) will usually explode to 150v+. If your Body (b%) is shrinking at that time, it's the "Big Boys" closing their positions. Don't get caught holding the bag!

Comments

Popular posts from this blog

How bank "line of credits" work ?