This script finds wicks that are longer than the candle body and marks them as potential trading zones to be revisited. Lines, shading, and lookback can all be modified.
Full credit for original code goes to @Squam_Gobaloochee. We updated to Pinescript V5 and cleaned up code. We reached out to original for permission to repost publicly and open source.
Release Notes
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Updated code with more descriptive variables so other traders can more easily understand. The colors of the lines and shaded area are now able to be changed by the trader.
@NorthStarDayTrading, "Divergence-Support/Resistence" is here way better and for free, you can even select the indicators which does the line ;-) https://hxxps://www.tradingview.com/x/yo318Utu/ im here with this statistical indicator... which i currently do an 6 dimensional array for the heatmap
you can use this array code / idea for such a map https://hxxps://www.tradingview.com/script/78asp5L5-Volume-Profile-Array-s-fikira/