xGhozt Wickless Candles

Simple script showing candles missing an upper or downer wick. As candles tend to have a low and a high, they will most certainly form wicks. It is rare to have wickless candles on longer time frames, so it's more relevant on 1h and above.

What can you do about it?

If you see for example a Bitcoin 4h candle that hasn't form two wicks yet, there are high chances that the missing wick will be formed at one point or another, therefore you could take a trade in the direction of the missing wick. You can set alerts on wickless candles if needed.

Release Notes

Added text box where you can see statistics on wickless candles, such as the percentage of wickless candles, and total number of candles, for bullish and bearish candles.

Release Notes

Corrected some typos in the label box.

Release Notes

Now showing only candles that have no wicks from the opening of the candle.

Release Notes

New info box, UI improvements.

Pine v5

5 hours ago

Release Notes

Updated the percentage number

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

xGhozt

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

xGhozt

Also on: