What it does
Classifies each candle by the size of its real body relative to its full high-low range to separate quiet consolidation bars from decisive expansion bars. A boring candle has a small body (commonly under about 50 percent of the range), reflecting indecision or base-building, while an explosive candle has a dominant body, reflecting one-sided conviction. The concept comes from breakout-trading methods where clusters of boring candles set the stage and an explosive candle confirms the breakout.
Typedraws on the price chart
How to add it
Click Indicators (ƒx) in the header.
Search “Dext Boring & Explosive Candle” and click the result.
Hover its legend row and click the gear to open settings.
How traders use it
- A cluster of boring candles in a tight range marks energy building; place breakout orders around that consolidation.
- An explosive candle breaking out of a boring-candle base, ideally on elevated volume, is the entry trigger.
- Use the boring cluster's opposite extreme as the logical stop location since the consolidation defines risk.
- Explosive candles against the prevailing trend after an extended run can mark climax rather than continuation — demand follow-through before trusting them.
Inputs
| Input | Type | Default | Range / Options |
|---|---|---|---|
| ATR Length | number | 100 | 1–500 |
| ATR Mult | number | 1.5 | 0.1–10 |
| Body Ratio | number | 0.6 | 0.1–1 |
Tips
- Save the configured chart as a study template (Indicators menu) to reapply this exact setup elsewhere.
- Right-click the indicator's line for quick actions — settings, visibility and removal without hunting through menus.
- Use Add to favorites in the legend menu; starred studies surface at the top of the picker.
Watch out for
- Body-to-range ratios are scale-free but context-blind; an explosive candle inside a wide choppy range means far less than one leaving a tight base.
- Fixed percentage thresholds misclassify bars on very low-range days where tiny absolute moves produce large body ratios.