Average Candle

Average Candle is a simple volatility display indicator. It calculates the average candle range on a chosen higher timeframe (most commonly Daily) over a selected number of candles, converts that average range into pips, and shows the result as a small label on the chart.

Traders can use it to quickly see “typical” movement for the day (or any timeframe) and adjust expectations for entries, stop loss distance, take profit targets, and position sizing.