Description
Sometimes a candle tells more than just where price opened and closed. OmniSpectrum Scan is designed to examine multiple characteristics of each candle so you can better understand the activity behind the move.
The indicator scans a selected number of recent candles and highlights extreme values across several categories, helping you quickly spot unusual market behavior.
These categories include:
- Formation speed (fastest or slowest candle)
- Body size (largest or smallest open–close distance)
- Price spread (largest or smallest high–low range)
- Total volume extremes
- Buy and sell volume extremes
- Positive and negative delta extremes
In total, the indicator tracks 16 different data points, and you can choose which ones appear on your chart depending on your analysis style.
OmniSpectrum Scan also lets you define your own Buy and Sell signal conditions by selecting which candle extremes should trigger signals. This allows you to build custom logic without coding, so the signals on your chart reflect your own approach rather than a fixed template.
If you would like to learn more about OmniSpectrum Scan in detail, please read the full explanation here.
