Indicator Thrust Bar displays on the price chart the long "persistent" bars.

The indicator has eight configurable parameters:

  • Indicator mode - indicator calculation mode

  • ATR - by ATR

  • Points - calculating by the bar size in points

  • ATR period - ATR calculation period (for Indicator mode = ATR)

  • ATR multiplier/Size candle in points - ATR multiplier (for Indicator mode = ATR), or the candle body size in points (for Indicator mode = Points)

  • Use long side - show the bullish bars found

  • Use short side - show the bearish bars found

  • Use alerts - use alerts

  • Send mail - send email notifications

  • Send push-notifications - send push notifications to your mobile device

  • Calculations for Indicator mode = ATR:
    if the candle body size in points exceeds the values of ATR multiplier * ATR(ATR period)/Point,
    then the bar found is drawn and a signal pointer is placed.

  • Calculations for Indicator mode = Points:
    if the candle body size in points exceeds the value of Points, then the bar found is drawn and a signal pointer is placed.

  • Bar color:
    green for bullish and red for bearish.

  • Signal pointer is placed:
    on the Low price for a bullish bar and on the High price for the bearish bar