OPEN-SOURCE SCRIPT
Wick Structure Finder
For those who trade structure based support and resistance methods from wicks.
Useful for break and retest trading methods. Mark out the zone and look for S/R flips.
Calculation uses 3 wicks that are next to each other to spot structure.
Includes optional filter for filtering wicks smaller than the average over X previous periods.
Useful for break and retest trading methods. Mark out the zone and look for S/R flips.
Calculation uses 3 wicks that are next to each other to spot structure.
Includes optional filter for filtering wicks smaller than the average over X previous periods.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.
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