OPEN-SOURCE SCRIPT
Wick Reversal Spotter
Calculates the average body to wick highs and body to wick lows over a period and highlights bars above the filter line
Can be filtered further by requiring a bullish close for a long bottom wick / bearish close long top wick
Amplitude of filter line can be adjusted
Two bar reversal mode highlights a continuation bar close in the opposing direction of the previous bars wick
Can be filtered further by requiring a bullish close for a long bottom wick / bearish close long top wick
Amplitude of filter line can be adjusted
Two bar reversal mode highlights a continuation bar close in the opposing direction of the previous bars wick
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.