OPEN-SOURCE SCRIPT
Wick Strategy Analyzer

Overview
This indicator analyzes candle wick patterns and evaluates their outcomes over a user-definable range (default is 1 year). Labels are rendered on the chart to mark events that meet the specified wick condition.
Features
Customizable Bar Range - users can specify the range of bars to include in the analysis. Default is 365 bars back from the most recent bar (bar 0)
Visual Indicators - labels are rendered to mark conditions & outcomes.
Input Parameters
Example Scenario
Goal: Analyze how candles with a wick size of at least 3.5% perform within a success margin of 1% over the past 540 days.
Setup:
Expected Output
This indicator analyzes candle wick patterns and evaluates their outcomes over a user-definable range (default is 1 year). Labels are rendered on the chart to mark events that meet the specified wick condition.
Features
Customizable Bar Range - users can specify the range of bars to include in the analysis. Default is 365 bars back from the most recent bar (bar 0)
Visual Indicators - labels are rendered to mark conditions & outcomes.
- Wick Condition Met - an Orange label below the wick candle displaying the wick’s percentage size.
- Outcome Labels - rendered above the candle after wick condition met candles
- P (Green): Pass
- F (Red): Fail
- N (Navy): Neutral
- I (Blue): Indicates the current candle has not yet closed, so the outcome is undetermined.
- P (Green): Pass
Input Parameters
- Wick Threshold [default 0.05 (5%), range 0.0 to 1.0] - minimum wick size required to qualify as a wick condition.
- Success Margin [default 0.0, range 0.0 to 1.0)] - Defines the margin for classifying outcomes as Pass, Fail, or Neutral. E.g., a success margin of 0.01 requires the next candle's close to exceed the wick candle's close by 1% in order to be a Pass.
- Bar Offset Start [default 0] - starting offset from the last bar for analysis. A value of -1 will include all bars.
- Bar Offset End [default 365] - ending offset from the last bar for analysis. Bars outside this range are excluded.
Example Scenario
Goal: Analyze how candles with a wick size of at least 3.5% perform within a success margin of 1% over the past 540 days.
Setup:
- Set Wick Threshold to 0.035
- Set Success Margin to 0.01
- Set Bar Range Start to 0
- Set Bar Range End to 540.
Expected Output
- Candles with a wick of at least 3.5% are labeled.
- Outcome labels (P, F, or N) indicate performance.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。