INDICATOR

50% body candle by FX Replay

Custom

The "50% Body Candle" is a TradingView indicator created by Ayowande1 that highlights candlesticks where the candle body (the space between open and close) is less than 50% of the total range (from high to low). When this condition is met, the indicator places a small white dot at the center of the candle body—making it easier to spot low-momentum or indecision candles at a glance.

What It Does
Visually marks any candle where the body is smaller than half of the total candle range.
This can help traders identify subtle price behavior that often precedes larger moves.

How It Helps
Doji or Weak Momentum Candles:
Flags candles with narrow open-close distances that resemble Dojis—common signals of indecision in the market.
Trend Reversals:
These candles often appear before a trend shift, especially when paired with confluence like support/resistance zones or volume changes.
Consolidation Zones:
A cluster of 50% body candles may indicate a sideways or low-volatility period, helping traders avoid false breakouts or choppy conditions.

How to Use It
Add the indicator to your TradingView chart.
Look for white dots that highlight candles where the body < 50% of the range.
Use this visual cue to:
Time entries more carefully
Avoid entering trades during indecision
Validate price behavior during key levels or phases in your strategy

While not native to FX Replay, this type of signal can be recreated using candle behavior observation or custom scripting in your strategy development and backtesting.