Wick Proportions

3 天前

This simple indicator highlights candles with short and long wicks matching a specified percentage of the candle's price range.

The candle is highlighted if the short wick is less than or equal to a specified percentage of the candle price range and the long wick is more than or equal to a specified percentage of the candle price range.

Both percentages can be separately specified as inputs, within reasonable ranges.

The indicator is useful for various strategies attempting to identify price reversal points.