PROTECTED SOURCE SCRIPT
xGhozt Wickless Candles
Updated
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.
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
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