Diamond FU of TMD
A bullish FU candle is where the price wicks down, thus stopping out all the retail longs and then continues to move up in the market makers desired direction.
It should be noted that simply buying after an FU candle is not always wise, but should wait for the retest or confirmation of bias with price action revisiting the area of interest.
If you are looking for any FU candles, use the settings and make the default wick 10%. If you're wanting major FUs, change the wick value to 50%. When you change the value there it is telling the indicator, "The FU wick is at lease 50% or more of the entire candle."
I've also included a 50% mark on the wicks of the candles as this is a primal spot for retest and entry. This feature can be toggled on or off, and the length of extension of that line can be changed as well.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact themoneydoc directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact themoneydoc directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.