Wickless Candle Marker (Exot1c)

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Wickless Candle Marker with Length Adjust and Color Changer
This Pine Script indicator identifies and marks wickless candles on your chart. A wickless candle occurs when:

Bullish: The candle has no lower wick (i.e., the low equals the minimum of the open or close, and the close is above the open).

Bearish: The candle has no upper wick (i.e., the high equals the maximum of the open or close, and the close is below the open).

The indicator draws boxes around these wickless candles to highlight them visually. Key features include:

Customizable Boxes:

Adjust the height and length of the boxes.

Set the transparency of the boxes for better visibility.

Dynamic Color Changer:

Option to enable dynamic color changes for the boxes.

Define custom colors for bullish and bearish wickless candles when dynamic coloring is enabled.

Automatic Cleanup:

If price action "trades into" a marked box (i.e., the price range overlaps with the box), the box is automatically removed to keep the chart clean.

Flexible Use:

Useful for identifying potential reversal zones or continuation patterns based on wickless candles.

Can be combined with other indicators or strategies for enhanced analysis.

How to Use:
Apply the indicator to your chart.

Customize the box appearance (height, length, transparency) and colors in the settings.

Enable the dynamic color changer if you want the box colors to change based on your defined dynamic colors.

Observe the marked wickless candles and use them as part of your trading strategy.

This indicator is ideal for traders who focus on price action and want to quickly spot key candlestick patterns on their charts.