A signal that calculates the percentage of upper and lower wicks on candles, identifying candles with significant price movements beyond the body.
Explore complementary indicator rolesHow it works
The signal measures the length of the upper and lower wicks on each candlestick as a percentage of the total candle range. By comparing these percentages to a predefined threshold (default 60%), the indicator highlights candles with substantial price movement beyond their body.
Wicks exceeding this threshold are color-coded, with upper wicks marked in red and lower wicks in green. This method allows traders to quickly visualize candles that demonstrate significant price rejection or extreme price movements. The color-coding provides an immediate visual cue about the potential strength and direction of price action within each candle.
Why it may be useful
Understanding wick percentages helps traders identify potential market sentiment and strength of price movements. Large wicks can indicate significant buying or selling pressure that was ultimately rejected, providing insights into potential trend reversals or market indecision.
These visual signals can help traders make more informed decisions about entry and exit points. By highlighting candles with substantial price movements, the indicator offers a quick way to spot potential areas of market volatility and trader sentiment. This can be particularly useful in fast-moving markets where quick visual analysis can provide a competitive edge.
When to explore it
This signal is most effective in volatile markets with significant price fluctuations, such as during news events, earnings releases, or periods of economic uncertainty. It works particularly well for short-term trading strategies that rely on quick identification of price action and market sentiment.
Traders can use this tool to spot potential reversal points or moments of market indecision. The indicator is especially useful for scalpers and day traders who need to make rapid decisions based on immediate price action. It can help identify candles with strong rejections or unusual price movements that might signal potential trading opportunities.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
