DK Climax

📌What This Indicator Does:

The "DK Climax" highlights price candles where volume is significantly higher than the volume seen over a customizable number of previous bars. It places:

🔴 Red dot above bullish candles (when the candle closes higher than it opened)

🟢 Green dot below bearish candles (when the candle closes lower than it opened)

This helps you visually catch volume anomalies, which may indicate breakouts, reversals, or institutional activity.

Customizing the Indicator:

Number of Previous Bars (n):

.Go to the chart, hover over the indicator title, and click the gear ⚙️ icon.

.You can adjust the Number of Previous Bars input to suit your timeframe:

10 is default (looks at the previous 10 candles).

Increase n to detect rarer spikes.

Decrease n to be more sensitive.



🧠How to Interpret It:

🔴 Red Dot on Bullish Candle:

Signals strong buyer interest and potentially the beginning of an uptrend or breakout.

Use with support/resistance zones for confirmation.

🟢 Green Dot on Bearish Candle:

Indicates heavy selling pressure, possibly the start of a downtrend or reversal.

Watch for patterns like double tops, failed breakouts, etc.

💡 Pro Tips:

.Combine this indicator with:

Trend lines, moving averages, or price action.

Divergences on RSI or MACD.

.Works great in lower timeframes for scalping or higher timeframes for swing trading.