OPEN-SOURCE SCRIPT

Wick %

アップデート済

Heyo Fellas,

thanks for checking out my new indicator.

Introduction
Wick % is a simple indicator to compare wick size with body size (mode 1) and to compare wick size with candle size (mode 2).

Upper wicks are bullish when close is higher than open pricen.
Lower wicks are bearish when close is lower than open price.

Wick Theory
In general, big wick and small bodie on a bar means that bull and bears are fighting heavily.
A big wick below the body means the bulls are leading in that fight,
and a big wick above the body means the bears are leading in that fight.

Calculation Formula
Mode 1 – Percentual Increase Wick/Body:
upperWickPercentage = (upperWick / body) * 100 - 100
lowerWickPercentage = (lowerWick / body) * 100 - 100

Mode 2 – Percent Wick/Candlestick:
upperWickPercentage = (upperWick / (high - low)) * 100
lowerWickPercentage = (lowerWick / (high - low)) * 100

Usage
You can use it on every symbol and every timeframe.

The indicator repaints by default, but you can disable it in the settings.
When you disable repaint, it moves the label one bar to the right.
If you want to use the indicator for signals, you must disable repainting.

Best regards,
simwai

リリースノート

Updated default values, title and short title.

リリースノート

Minor change

リリースノート

Fixed NaN values

オープンソーススクリプト

TradingViewの精神に則り、このスクリプトの作者は、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します！無料で使用することができますが、このコードを投稿で再利用するには、ハウスルールに準拠する必要があります。お気に入りに登録してチャート上でご利用頂けます。