Example using 5 min. candles:
1 minute is 20% of the time for the candle. So, if the is at 20% or below of the vol .average, the market is stable(price not moving much). If at 1 minute(20% of time) is say, at 37%, a big move is happening.
The color of the candle shows the movement direction. A gray means the was not important, below average.
The historical candles show how much infuenced the price for the corresponding candle.
The current candle is working REAL TIME.
The blue line shows how much time has passed for the candle to complete. All candles are 100% complete(yeah, duh), except for the last one, the line touches zero at start of candle, and slowly fills up to1(1=100%)until the candle ends.
vol MA size: sets the lenght of the average. set to your heard desires
candle Period: set to the number of seconds in the period you chose. 5min = 300, 1h = 3600 and so on. Must be correct, or the results turn into crap
Limit: the value below which the candle is a "non-important" candle. 1 = 100% of average
NOTE: in the very first seconds, the indicator goes crazy. it's expected, due to computed values very close to zero used in the math. after some seconds it stabilizes :)