Bull Snort (Power Candle)

The Bull Snort is a single-day price–volume signal designed to highlight potential institutional buying activity before major moves.
It combines volume surge, bullish price action, and strong closing strength into one clean visual trigger.

This indicator marks candles where demand shows unusual intensity compared to recent history.

What defines a Bull Snort?

A signal appears when all of the following conditions are met:

Volume Surge
Volume is significantly higher than its recent average (relative expansion).

Positive Price Move
The candle closes above the previous day’s close.

Close Near High
Price closes in the upper portion of the candle’s range, indicating buying pressure into the close.

When these align, a triangle is plotted below the candle.

How to Use

The Bull Snort is not a buy signal by itself.
It is an attention signal that highlights:

Early institutional participation

Potential breakout candidates

Momentum ignition days

Stocks entering accumulation phases

Best used alongside:

Base structure analysis

Trend context

Follow-through confirmation

Ideal Market Conditions

This indicator works best on:

Daily timeframe

Stocks forming bases

Early trend transitions

Pre-breakout setups

Visual Output

▲ Triangle plotted below qualifying candles

Medium size for clear but non-intrusive visibility

Notes

Signals are intentionally selective to avoid noise.

Not every strong candle will qualify.

Designed for scanning and idea generation, not standalone entries.

Disclaimer

This indicator is for educational and analytical purposes only and should not be considered financial advice. Always combine signals with your own analysis and risk management.