Average Candle Size [MaximizedTrading]

Average Candle Size [MaximizedTrading]

Enhance your trading precision with the Average Candle Size indicator — a powerful and adaptive tool that automatically calculates and displays the average candle size based on your active timeframe.
Designed for clarity, flexibility, and efficiency, it provides a clear view of market volatility across different time periods.



🧠 Why I Created This Indicator?

I built this indicator when the indices markets went wild — candles were suddenly several times larger, yet visually everything looked “normal.” My static stop-losses were being hit within seconds, whereas normally they lasted for minutes.
That’s when I realized how crucial it is to understand candle volatility in real time.
The Average Candle Size indicator was born out of that experience.

Since then, I’ve used it not only to gauge market conditions, but also as a dynamic stop-loss guide that adapts to volatility.
For example, setting your stop-loss to ACS × 2 works beautifully: during the quiet Asian session it stays small, and in the volatile New York session it automatically expands to match the market.
That’s just one example — there are countless ways to integrate this tool into your trading strategy.



🔧 Key Features:

• Dynamic Timeframe Adaptation:
  Automatically adjusts the calculation period when switching between timeframes.
  Supported timeframes include 1m, 3m, 5m, 15m, 30m, 1h, and 2h — suitable for scalpers, day traders, and swing traders.
  

• Body / Wick / Full Candle Calculation:
  Choose whether to calculate the Average Candle Size based on the body, wick, or full candle range.
  

• Value Display in Currency or Pips:
  View candle size values in the chart’s base currency or in pips — especially useful for Forex traders.
  

• Table Visualization:
  All data is neatly displayed in an on-chart table, giving you an organized overview of candle sizes across multiple periods.
  

• Maximum ACS Value:
  Displays the maximum Average Candle Size of all historical bars in the table.
  

• Percentage of Candle Display:
  Shows a real-time label next to the current candle, indicating its size as a percentage of the Average Candle Size.
  

• Heat Candles:
  Optionally color-code candles based on predefined multipliers of the Average Candle Size.
  The stronger the deviation, the darker the color — instantly highlighting unusual volatility.
  

• Custom Length Option:
  Define your own custom length for calculating the Average Candle Size, giving you full control over the sensitivity of the analysis.
  

• Responsive Design:
  Optimized for both desktop and mobile devices. Easily adjust the layout in settings for a clean and readable display anywhere.
  

📸 Example!

As you can see, the Average Candle Size on the 1-minute chart is normally around 8 pips during the day, peaking at about 30/40 during the most active sessions.

However, during exceptional periods — such as early April in this example — the Average Candle Size spiked up to 179 and remained elevated around 65 for several hours.
That’s roughly 2 times higher than a typical daily peak, perfectly illustrating how this indicator reveals changes in volatility that are otherwise hard to notice.




💬 I am dedicated to making this indicator as practical and user-friendly as possible. Feedback is always welcome — feel free to leave a comment or suggestion for future improvements!