PROTECTED SOURCE SCRIPT
Wick Fear Projection
This indicator focuses on trend quality, not just direction.
It combines HAP ARS momentum, wick-based EMA pressure, and a forward projection to reveal whether price movement is supported or blocked by market stress.
🔹 Core Logic
HAP ARS measures directional momentum based on candle body behavior, filtering indecision.
Wick EMA is calculated from upper and lower wicks and smoothed with EMA to represent hidden buying/selling pressure.
When HAP ARS direction and Wick EMA slope are parallel, the trend is considered healthy.
When they diverge, it signals weak continuation, exhaustion, or fake moves.
🔹 Parallel Projection
The Wick EMA is projected slightly forward based on its current slope.
This projection answers a simple question:
If current pressure continues, where will it block or support price next?
It is not a straight line, but a slope-aware extension.
🔹 Smart Filtering
To avoid noise:
A minimum slope threshold filters flat-market signals
A strength multiplier removes weak or accidental alignments
Only meaningful parallel structures remain.
🔹 What It Helps You See
Trend continuation vs. hidden resistance
Fake candles driven by wicks
Healthy pullbacks inside strong trends
Early signs of pressure before price reacts
🔹 Best Use Cases
Trend-following entries
Pullback confirmation
Breakout validation
Combined with ADX, RSI, or volatility tools
It combines HAP ARS momentum, wick-based EMA pressure, and a forward projection to reveal whether price movement is supported or blocked by market stress.
🔹 Core Logic
HAP ARS measures directional momentum based on candle body behavior, filtering indecision.
Wick EMA is calculated from upper and lower wicks and smoothed with EMA to represent hidden buying/selling pressure.
When HAP ARS direction and Wick EMA slope are parallel, the trend is considered healthy.
When they diverge, it signals weak continuation, exhaustion, or fake moves.
🔹 Parallel Projection
The Wick EMA is projected slightly forward based on its current slope.
This projection answers a simple question:
If current pressure continues, where will it block or support price next?
It is not a straight line, but a slope-aware extension.
🔹 Smart Filtering
To avoid noise:
A minimum slope threshold filters flat-market signals
A strength multiplier removes weak or accidental alignments
Only meaningful parallel structures remain.
🔹 What It Helps You See
Trend continuation vs. hidden resistance
Fake candles driven by wicks
Healthy pullbacks inside strong trends
Early signs of pressure before price reacts
🔹 Best Use Cases
Trend-following entries
Pullback confirmation
Breakout validation
Combined with ADX, RSI, or volatility tools
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.