OPEN-SOURCE SCRIPT

Wicks Rejection Percentages

Analyzing wick rejection percentages can provide insights into market sentiment and potential future price movements. For example, high wick rejection percentages at key support or resistance levels may indicate strong buying or selling interest and could influence trading decisions.
rejection_barssentimentTrend AnalysisvolumesVolumewicks

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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