summary: the opening candle continuation report shows how often the session continues in the direction of its opening candle — and lets you slice that by weekday, by the candle's size, and by where price closed relative to it. here's what each variant measures, how to customize it, and the key terms behind the data.

the report groups every day by the color of its opening candle — the first candle of the session (default 30 minutes, customizable) — and shows how often the full session then closed in the same direction.

a green opening candle closed above its open; a red opening candle closed below. a green day means the session closed above its open; a red day means it closed below. so the core number is a continuation rate: how often a green open leads to a green day, and a red open to a red day. if that rate sits well above 50%, the opening candle's direction tends to carry through the session — a directional tell you have in hand within the first 30 minutes.

session color (green or red): green = session close is above session open. red = session close is below session open.

opening candle color: determined when the opening-candle time range ends. green = candle closes above its open. red = candle closes below its open.

opening candle size: measured from open to close, not high to low. this reflects the actual move from open to close, which is what matters for execution. (this is the metric the by size variant buckets on — separate from the candle's timeframe, see customizing below.)

the base view. groups every day by opening candle color and shows the continuation rate — how often a green open closed green, and a red open closed red.

how to read it: look at "green day after green open" and "red day after red open." the higher each sits above 50%, the stronger the continuation edge. an even split means the opening candle gives you no directional edge on that instrument and session.

the same continuation rates, broken out by day of week (Monday–Friday).

how to read it: some instruments continue more reliably on certain days — for example a strong midweek read that fades on Friday. check the sample size per day before leaning on it; a single weekday over six months is a small bucket.

the same continuation rates, split by how big the opening candle's body was — bucketed by its open-to-close move.

how to read it: the idea is that a larger opening candle signals stronger conviction and may continue more often. look for the size bucket where the continuation rate is highest, but watch the sample count — the larger buckets often have few occurrences.

instead of the day's close color, this tracks where the day's final price closed relative to the opening candle's extreme. for green opening candles it measures how often price closed above vs. below the opening candle's high; for red opening candles, above vs. below the opening candle's low.

how to read it: it tells you whether the opening candle's high/low acts as a level that holds into the close. if price frequently closes above the high after a green open, that's strong momentum; if it often closes below the low after a red open, that's continued weakness. a close area comparison setting lets you switch from the candle's high/low to its close instead.

opening candle timeframe. the customize panel's "opening candle size" control sets the duration of the opening candle — 15, 30, 45, or 60 minutes (default 30). this drives every variant: a 15-minute opening candle and a 60-minute one will show different continuation rates. (the label says "size," but it controls the candle's length, not its price range.)

close area comparison (by close only). by OCC range (default) measures whether the session closes above/below the high/low of the opening candle. by OCC close measures whether it closes above/below the opening candle's close instead — useful if you treat the candle's close as the key level rather than its wick extreme.

weekdays to use. limit the calculation to specific weekdays.

the by size view measures the opening candle by its body — the open-to-close move as a share of price — not its wick extremes. that's what decides which size bucket a candle falls into, so a long-bodied candle and a small-bodied one with the same high-to-low range can land in very different buckets.

definitions vary by report:

opening candle continuation uses session open to session close — a green day is one where the session closed above its open. check the report's definition for clarity.

the report's bias comes from historical session studies, assuming a standard session open time (like 9:30 a.m. for US markets).

if your candles start at a different time (like 9:00 a.m.), the bias reading might be wrong. match your instrument settings to the actual session open time.

this report shows probabilities based on opening candle direction and how the session closed relative to the opening range.

it does NOT provide stop-loss or risk management guidance. use it for probability insights only.

a "green day" means the entire Asia session closed with close above open — not whether final price exceeded the Asia session's opening level.

bias looks wrong? check your platform's session open timing. ensure it matches the report's assumptions (typically 9:30 a.m.).

measuring manually? always use open-to-close, not high-to-low, to match the report's data.

numbers don't match your chart? confirm the opening candle timeframe (15/30/45/60 min) on the report matches the candle you're reading, and that your session and timezone line up.