Impulse Candle Tracker

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Title:
Impulse Candle Tracker

Description:
The Impulse Candle Tracker is a powerful tool for traders seeking to identify high-probability market momentum and supply/demand zones using a candle-based acceleration model that detects rapid price movements relative to preceding candles.

Key Features:
• Impulse Detection: Identifies bullish and bearish impulse candles by measuring strong relative price movement, highlighting genuine momentum shifts.

• Wick Analysis: Suppresses candles with dominant wicks to filter false momentum signals and focus on meaningful moves.

• Dynamic Order Blocks: Automatically generates supply (bearish) and demand (bullish) zones using a customizable number of preceding candles and adjustable duration.

• Mitigation Handling: Optionally dims or deletes mitigated and broken zones to maintain clarity on active levels.

• Customizable Visualization: Full control over colors for bullish, bearish, neutral candles, and zone fills/borders.

• Alerts: Built-in alert conditions for bullish and bearish impulses, allowing real-time reactions to market momentum.

Inputs & Settings:
• Acceleration Factor & inverse for momentum detection
• Wick Ratio Threshold for filtering weak impulses
• Candle count and duration for order block creation
• Options to show, dim, or delete mitigated/broken zones
• Full color customization for candles and zones

Usage:
This indicator helps traders:
• Identify when momentum is accelerating or slowing in real time
• Spot high-probability supply and demand zones for entries or exits
• Understand short-term market structure and price action dynamics
• Combine with other analysis techniques or strategies for trend confirmation

Technical Notes:
• The indicator works on standard OHLC charts. Non-standard chart types (Heikin Ashi, Renko, etc.) are not recommended for impulse detection.
• Backtesting or historical signals should account for realistic slippage and commissions; past impulse signals do not guarantee future results.