The Candles setting determines how many recent candlesticks the Extreme Volatility Monitor analyzes to calculate average market movement and detect volatility events.
Example configuration:
Candles: 10
This means:
- The system uses the last 10 candles to compute average price movement.
- On a 1-minute timeframe, this equates to analyzing the last 10 minutes of price action.
- On a 5-minute timeframe, it would analyze the last 50 minutes, and so on.
⚙️ How It Affects Volatility Detection
Shorter Candle Range (fewer candles)
- Detects rapid, short-term spikes or crashes
- More sensitive to sudden price swings
- May generate more alerts (including minor fluctuations)
Longer Candle Range (more candles)
- Smooths out noise
- Focuses on sustained volatility trends
- Fewer but more reliable alerts
🔍 Important Considerations
Changing the number of candles directly affects your thresholds:
AverageMovementPercentAverageMovementEmergencyClose
If you adjust the candle count, you should re-test your threshold values to ensure alerts and emergency closes trigger as intended.
Example:
- 10 candles on 1m timeframe → last 10 minutes analyzed
- 20 candles on 1m timeframe → last 20 minutes analyzed → movement percentage over a longer window → may require adjusting
AverageMovementPercent
🎯 Best Practice
- For rapid intraday volatility monitoring → use shorter candle windows (5–15 candles on 1m)
- For higher confidence, smoother signals → use longer candle windows (20–50 candles)
- Always re-test thresholds after changing the candle count to ensure proper detection and avoid false signals
🚀 Summary
The Candles setting controls how many recent candlesticks the system uses to measure average movement:
- Fewer candles → faster, sensitive alerts
- More candles → slower, smoother alerts
- Changing it requires recalibration of movement thresholds to maintain accurate volatility detection
It is the foundation of how the bot interprets rapid market movements.