Candle Psychology
Search documents
Trade SPX / SPY With Candle Story - A ThinkorSwim Indicator that Reads Candle Psychology in Real Time by Coffee With Q Developers
Globenewswire· 2025-10-17 15:29
Core Insights - The Coffee With Q Developers have launched "Candle Story," a ThinkorSwim indicator that visualizes real-time candle psychology and institutional behavior on trading charts [1][3][4] Product Overview - Candle Story is designed for ZERO DTE trading of SPX/SPY and is available as an invite-only script [3] - The indicator replaces traditional chart bubbles with a clean top label system that categorizes market conditions into Strong, Normal, Weak, and Hidden (Trap) phases [3][5] Purpose and Functionality - The goal of Candle Story is to help traders interpret price movements through a psychological lens, enabling more informed decision-making rather than emotional responses [4][6] - It translates raw price data into a readable format, providing immediate feedback on institutional intent as market conditions evolve [4][5] Target Audience - The indicator aims to bridge the gap between institutional trading logic and retail trading tools, simplifying complex analyses for retail traders [5][6] - It is part of a broader educational ecosystem developed by Coffee With Q, which focuses on enhancing traders' insights and discipline [6] Technical Features - Candle Story decodes the internal psychology of each candle in real-time, presenting a clean visual format without clutter [7] - It includes a behavioral classification system that identifies various market signals, including "Hidden Bullish" or "Hidden Bearish" moves linked to liquidity traps [7]