BIG CANDLE OSC Trading Guide

The Big Candle Oscillator is a quantitative technical analysis tool. BIG_CANDLE_OSC (BCO) Optimized to Golden Standard. - Removed 50K size Memory Leaks by implementing Float64Array Ring Buffers for Z-Score/ATR.

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• Lookback Period (period): Controls the calculation period and sensitivity for market detection.
• Signal EMA (signalPeriod): Controls the calculation period and sensitivity for market detection.
• Show Zones (showZones): Controls the calculation period and sensitivity for market detection.
• Show Table (showTable): Controls the calculation period and sensitivity for market detection.
• Table Sum Period (tablePeriod): Controls the calculation period and sensitivity for market detection.
• BCO Value (val): Controls the calculation period and sensitivity for market detection.
• BCO Signal (signal): Controls the calculation period and sensitivity for market detection.
• BCO Sum (sumBCO): Controls the calculation period and sensitivity for market detection.
• BCO Value (val): Controls the calculation period and sensitivity for market detection.
• BCO Signal (signal): Controls the calculation period and sensitivity for market detection.
• BCO Sum (sumBCO): Controls the calculation period and sensitivity for market detection.
• Big Bull Zone (bigBull): Controls the calculation period and sensitivity for market detection.
• Big Bear Zone (bigBear): Controls the calculation period and sensitivity for market detection.
• Big Bull Reversal (bigBullRev): Controls the calculation period and sensitivity for market detection.
• Big Bear Reversal (bigBearRev): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• bigBull - Big Bull Zone event signal.
• bigBear - Big Bear Zone event signal.
• bigBullRev - Big Bull Reversal event signal.
• bigBearRev - Big Bear Reversal event signal.

2. Filters and Trade Levels

• period - Lookback Period value used for structural qualification or thresholds.
• signalPeriod - Signal EMA value used for structural qualification or thresholds.
• showZones - Show Zones value used for structural qualification or thresholds.
• showTable - Show Table value used for structural qualification or thresholds.
• tablePeriod - Table Sum Period value used for structural qualification or thresholds.
• val - BCO Value value used for structural qualification or thresholds.
• signal - BCO Signal value used for structural qualification or thresholds.
• sumBCO - BCO Sum value used for structural qualification or thresholds.
• val - BCO Value value used for structural qualification or thresholds.
• signal - BCO Signal value used for structural qualification or thresholds.
• sumBCO - BCO Sum value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.