OPEN-SOURCE SCRIPT
Jiggle Cookie
A compact indicator that spots fast intraday scalping opportunities by detecting fake breakouts and wicks around local highs or lows. It calculates a short-term price range to estimate stop/target levels, then flags potential entries with on-chart labels and optional alerts. When a candle’s wick extends beyond the identified micro-range (but snaps back), the script issues a reversal signal and plots suggested stop-loss and take-profit dots for handy risk management. Perfect for traders who enjoy catching those short bursts of volatility while keeping a tight handle on risk and reward.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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