Wide-body candle
A candle body more than twice its 20-day average on heavy volume, biggest body first.
The body of a candle runs from the open to the close and ignores the wicks. It is the part of the day that was decided rather than merely visited. `abs(close - open)` is that distance, and comparing it to its own 20-day average adapts the bar to each stock, since a 4% body is ordinary in one name and extraordinary in another. Twice the norm on heavy volume is a session where something happened, and the sort puts the biggest bodies first. Direction is deliberately left out. Read it from the sign of the move. Read the guide: Scanning the candle body, not the close →
More volatility:Bollinger squeezeWide-range moversGap up and holdGap down and failUp 15% in a month
Price and delivery data from the eod2 dataset: National Stock Exchange of India end-of-day files, split- and bonus-adjusted, updated after each close. Not affiliated with or endorsed by NSE. PatternsRadar is a research tool. Nothing here is investment advice or a recommendation to buy or sell anything.