WaveNodes Power Chart Add-on is available as an add-on module for WaveNodes Professional users.

Power chart module contains 2 key critical decision making pieces of information:

1. Power Candles
2. Demand & Supply Zone

Power Candles

Used for finding or validating immediate trend, power candles are also considered decision making candles of big players. Price closing above it, indicates bullishness, and below it is bearishness. Thus it helps validate continuation or reversal of the trends

Finding continuation of the trend with Power Candle

• If market is bullish (price rising) and power candle forms, any subsequent candle closing ABOVE high of power candle means continuation of the bullish trend
• If market is bearish (price falling) and power candle forms, any subsequent candle closing BELOW low of power candle means continuation of the bearish trend

Finding reversal of the trend with Power Candle

• If current trend (price rising) is bullish and power candle forms, any subsequent candle closing BELOW low of power candle means reversal of the bullish trend
• If current trend (price falling) is bearish and power candle forms, any subsequent candle closing ABOVE high of power candle means reversal of the bearish trend

Demand and supply zones

Demand and supply zones are used for finding bigger level trends. These areas are where the latest demand and supply was seen.

• Price between or within Demand and Supply zone indicates weak price action and is expected to be range bound until broken. No big risk should be taken and positions should be properly hedged
• Price above both Demand and Supply zone shows strong bullishness
• Price below both Demand and Supply zone shows strong bullishness

These price action items are used with wavenodes professional (price flow) to find good moves of the market.