The indicator shows in a separate window, as a histogram, the candlestick sizes by two parameters:

1. Difference between Open and Close;
2. Difference between High and Low.

You can also enable smoothing and display the averaged value of candlestick sizes.

The indicator has four input parameters:

• Calculation type - type of calculations:
  • Open/Close - difference between Open and Close;
  • High/Low - difference between High and Low.
• Smoothing - smoothing switch (Yes/No);
• Period - averaging period;
• Method - smoothing method.

Fig.1. Calculating Open/Close without smoothing

Fig.2. Calculating High/Low without smoothing

Fig.3. Calculating Open/Close with smoothing

Fig.4. Calculating High/Low with smoothing