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NQ - The Wick Report
Multi-Timeframe Wick Zones with Probability Indicator
Advanced Directional Bias & Target Identification System
This indicator analyzes wick formations across multiple timeframes (4H, 12H, Daily, Weekly) to identify high-probability directional bias and reversal targets. Built on 15 years of historical NQ Futures data, it provides real-time probability assessments for wick zone interactions.
Key Features:
📊 Data-Driven Approach
15+ years of embedded statistical data
Real-time probability calculations based on percentile rankings
Target Score system combining percentile and probability metrics
⏰ Time-Sensitive Analysis
Dynamic probability updates based on hour of day (NY time)
Accounts for time decay - probabilities change as the candle progresses
Weekly analysis adjusts for day of week patterns
🎯 Trading Applications:
Directional Bias: Large wicks often indicate rejection levels and potential reversal zones. The probability score helps validate whether a wick is statistically significant.
Target Identification: Small wicks with high scores serve as excellent targets when price is trading at distance. These zones act as magnets for price action.
Risk Management: Use probability thresholds to filter only the highest-confidence zones. Combine Score and Probability thresholds for precision entries.
How It Works:
The indicator tracks developing wicks in real-time and compares them against historical percentiles (P5 through P95). As each candle progresses, it calculates:
Percentile Rank: Where the current wick size falls historically
Exceed Probability: Likelihood of price exceeding this wick zone
Target Score: Combined metric (100-Percentile) × Probability / 100
Display Options:
Wick Modes: Auto (directional), Both, Bullish Only, or Bearish Only
Data Values: Toggle hour, percentile, probability, and score displays
Thresholds: Filter zones by minimum probability or score requirements
Customization: Adjust colors, label positions, and timeframe visibility
Trading Strategy:
High Score + Small Wick = Strong target when price is extended
High Score + Large Wick = Potential reversal zone or strong support/resistance
Time Decay Awareness = Probabilities decrease as time progresses within each candle
Multi-Timeframe Confluence = Strongest signals when multiple timeframes align
Best Practices:
Enable score display to quickly identify high-probability zones
Use threshold filters during volatile conditions
Monitor time decay - early-session wicks have higher probabilities
Combine with volume analysis for confirmation
Watch for confluence across multiple timeframes
This tool transforms traditional wick analysis into a quantitative, probability-based system for more informed trading decisions.
Advanced Directional Bias & Target Identification System
This indicator analyzes wick formations across multiple timeframes (4H, 12H, Daily, Weekly) to identify high-probability directional bias and reversal targets. Built on 15 years of historical NQ Futures data, it provides real-time probability assessments for wick zone interactions.
Key Features:
📊 Data-Driven Approach
15+ years of embedded statistical data
Real-time probability calculations based on percentile rankings
Target Score system combining percentile and probability metrics
⏰ Time-Sensitive Analysis
Dynamic probability updates based on hour of day (NY time)
Accounts for time decay - probabilities change as the candle progresses
Weekly analysis adjusts for day of week patterns
🎯 Trading Applications:
Directional Bias: Large wicks often indicate rejection levels and potential reversal zones. The probability score helps validate whether a wick is statistically significant.
Target Identification: Small wicks with high scores serve as excellent targets when price is trading at distance. These zones act as magnets for price action.
Risk Management: Use probability thresholds to filter only the highest-confidence zones. Combine Score and Probability thresholds for precision entries.
How It Works:
The indicator tracks developing wicks in real-time and compares them against historical percentiles (P5 through P95). As each candle progresses, it calculates:
Percentile Rank: Where the current wick size falls historically
Exceed Probability: Likelihood of price exceeding this wick zone
Target Score: Combined metric (100-Percentile) × Probability / 100
Display Options:
Wick Modes: Auto (directional), Both, Bullish Only, or Bearish Only
Data Values: Toggle hour, percentile, probability, and score displays
Thresholds: Filter zones by minimum probability or score requirements
Customization: Adjust colors, label positions, and timeframe visibility
Trading Strategy:
High Score + Small Wick = Strong target when price is extended
High Score + Large Wick = Potential reversal zone or strong support/resistance
Time Decay Awareness = Probabilities decrease as time progresses within each candle
Multi-Timeframe Confluence = Strongest signals when multiple timeframes align
Best Practices:
Enable score display to quickly identify high-probability zones
Use threshold filters during volatile conditions
Monitor time decay - early-session wicks have higher probabilities
Combine with volume analysis for confirmation
Watch for confluence across multiple timeframes
This tool transforms traditional wick analysis into a quantitative, probability-based system for more informed trading decisions.
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除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Email admin@levellogicindicators.com for access
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。
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡LevelLogic。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Email admin@levellogicindicators.com for access
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。