XAUMO MEGABAR Detector]

XAUMO MegaBar Detector – Breakout Candle Identification Tool

Purpose:
The XAUMO MegaBar Detector is built to highlight rare, high-impact candles where strong price movement and high trading volume occur together. These moments often reflect aggressive market activity and can be used to confirm potential breakouts or reversals.

How It Works (High-Level Overview)
The tool continuously monitors two primary conditions:

1. Price Expansion – Identifies large-bodied candles compared to recent averages.
   
2. Volume Expansion – Confirms that the move is supported by above-average trading activity.
   

When both conditions are present, the candle is marked:
🟢 Mega Bull – Strong bullish pressure.
🔴 Mega Bear – Strong bearish pressure.

Key Features

• Automatic Timeframe Adjustment – Detection sensitivity changes based on chart timeframe, so results stay relevant from 1-minute scalps to multi-day swing setups.
  
• Clear Visual Output – Significant candles are highlighted directly on the chart for easy recognition.
  
• Optional Labels – Toggle on/off text labels (“Mega Bull” / “Mega Bear”) for a cleaner chart view.
  
• Alert Integration – Set TradingView alerts to be notified immediately when a qualifying candle appears.
  
• Universal Compatibility – Works on Forex, Commodities, Indices, Crypto, Stocks, ETFs, and Futures.
  

Practical Uses for Traders

• As a confirmation tool when price approaches support/resistance or Fibonacci levels.
  
• To filter low-quality setups by focusing only on moments where both price and volume confirm the move.
  
• As part of a trend-following or breakout strategy when combined with other analysis methods.
  

Using the Indicator

1. Add the indicator to any chart and select your preferred timeframe.
   
2. Watch for highlighted candles – they indicate significant combined momentum and liquidity.
   
3. Use as a signal filter or confirmation alongside your existing trading system.
   
4. Optional: Set alerts to receive push/email/webhook notifications.
   

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📌 MEGA BAR TRADING CHEAT SHEET
Spot Big Money. Ride the Move.
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🧠 WHAT’S A MEGA BAR?
A Mega Bar is a candle so big it makes the rest look tiny — and it often means institutions are making a move.

Check the 4 Rules:
✅ Body size ≥ 2x average
✅ High relative volume (vs. last 20 bars)
✅ Closes near high (bull) or low (bear)
✅ Comes after sideways chop or price squeeze

📈 WHY IT MATTERS
Mega Bars = intent, not random spikes.
🟢 Mega Bull near support/Fib pullback → Likely accumulation
🔴 Mega Bear near resistance/Fib extension → Likely distribution or trap

🔧 HOW TO TRADE IT
1. WAIT FOR IT
No Mega Bar → No trade.
Mega Bull (big green) → BUY bias.
Mega Bear (big red) → SELL bias.

2. FIND THE SPOT
Fib levels: 61.8% / 78.6% / 138.2%
Major Support/Resistance

3. CONFIRM ON BIGGER TIMEFRAME
Example: 15M Mega Bar → Check 1H trend direction.

4. SET YOUR LEVELS
Stop-Loss:
Long → Below Mega Bull low (+0.2×ATR)
Short → Above Mega Bear high (+0.2×ATR)

Take-Profit:
Fib extensions: 127.2% / 161.8% / 261.8%
Prior highs/lows

5. RISK SMART
Risk 1–2% max per trade
Aim for 2:1+ R:R

🌍 WORKS ON:
Forex • Commodities • Stocks • Crypto • Indices

THE RETAILER’S FORMULA:
🟢 Big Green → Buy
🔴 Big Red → Sell
🎯 Fibs = Payday

One setup. One signal. Discipline = profit.