Wick Difference Predictor

Wick Difference Predictor – Script Description
Overview
The Wick Difference Predictor is a simple yet effective script designed to analyze candlestick wicks and identify potential price direction based on wick imbalances. It highlights whether the top wick (selling pressure) or bottom wick (buying pressure) is longer, providing bullish or bearish signals accordingly.

Features
Wick Length Calculation

Measures the length of the top wick (high minus the larger of open/close).
Measures the length of the bottom wick (smaller of open/close minus low).
Computes the difference between top and bottom wicks.
Signal Generation

Bullish Signal (Green Label): Longer bottom wick suggests buying pressure.
Bearish Signal (Red Label): Longer top wick suggests selling pressure.
Visual Alerts

Displays "Bullish" or "Bearish" labels above/below bars to indicate potential next candle direction.
Plots the wick difference as a blue line for additional analysis.
Optionally highlights candles with a green/red background to emphasize significant wick imbalances.
How to Use
Bullish Bias: When the bottom wick is longer, indicating strong demand.
Bearish Bias: When the top wick is longer, signaling increased supply.
Use in conjunction with trend indicators for confirmation.
Adjust the candlestick time frame to suit your trading strategy (e.g., daily, 4H, 1H).