the average consecutive bars report on edgeful analyzes consecutive green and red bars by grouping data by date and calculating streak statistics. it compares close versus open prices to identify green bars (close at or above open) and red bars (open above close).

you get average maximum streaks per day and overall maximum streaks for both green and red bars, so you can see how long runs of one color tend to last.

this is one of the 150+ reports available on the edgeful platform. here's how it works, what the data shows, and how traders use it.

table of contents

• what the average consecutive bars report measures
• how the calculation works
• how traders use average consecutive bars data
• combining average consecutive bars with other reports
• key takeaways

what the average consecutive bars report measures

the average consecutive bars report analyzes consecutive green and red bars by grouping data by date and calculating streak statistics. it compares close versus open prices to identify green bars (close at or above open) and red bars (open above close).

the report is available for futures, stocks, ETFs, forex, and crypto. you can filter by ticker, session (NY, London, Asian, full globex, or custom), candle timeframe, and lookback period (1 month to 5+ years).

how the calculation works

the average consecutive bars report measures intraday streak length on a given candle timeframe.

• the report classifies each candle on the chosen timeframe as green or red
• it tracks the longest run of consecutive same-direction candles per session
• averages and maximums are calculated across the lookback period
• separate stats are produced for green streaks and red streaks
• this gives you a statistical view of how long typical intraday runs last before reversal

how traders use average consecutive bars data

• taking profits as the consecutive bar count approaches the historical average
• expecting a pullback once an extended streak develops
• avoiding late chase entries near the typical streak limit
• pairing with directional bias reports to determine which side's streak to trade
• risk management by knowing when intraday reversals are statistically more likely

the data doesn't tell you to trade. the average consecutive bars report tells you the historical performance of the setup in front of you. what you do with that information is your decision.

results require customization, time, and effort. the numbers change depending on your ticker, session, and lookback period. always check the data for your specific conditions.

combining average consecutive bars with other reports

the average consecutive bars report works best when combined with other edgeful reports for confluence:

• use the what's in play dashboard to see average consecutive bars data alongside your other favorite reports in one view
• the screener lets you scan up to 49 tickers for average consecutive bars setups across 4 reports simultaneously
• edgeful AI can analyze average consecutive bars data alongside other reports and find patterns you'd never spot manually

key takeaways

• the edgeful average consecutive bars report measures the typical and maximum length of intraday single-direction candle streaks
• available for futures, stocks, ETFs, forex, and crypto with full session, ticker, candle timeframe, and date range filtering
• part of the 150+ reports included in the edgeful essential plan ($49/month or $39/month annual)
• works best when combined with other reports using what's in play, the screener, or edgeful AI

trading involves risk. past performance and historical data do not guarantee future results. the statistics referenced in this post are based on historical data and may not reflect future market conditions. always trade with proper risk management.