Balanced Big Wicks (50/50) Highlighter

This open-source indicator highlights candles with balanced long wicks (50/50 style)—that is, candles where both upper and lower shadows are each at least 30–60% of the full range and within ~8% of each other, while retaining a substantial body. This specific structure often reflects indecision or liquidity sweeps and can precede strong breakout moves.

How It Works (Inputs and Logic)
Min wick % (each side): 30–60% of candle range

Max body %: up to 60% of range (preserves strong body presence)

Equality tolerance: wicks within 8% of each other

ATR filter (multiples of ATR14): ensures only significant-range candles are flagged

When a “50/50” candle forms, it’s visually colored and labeled; audibly alertable.



How to Use It
Long setup: price closes above the wick-high → potential long entry (SL below wick-low, TP = 1:1).

Short setup: price closes below wick-low → potential short entry (SL above wick-high, TP = 1:1).

Especially effective on 5–15 minute scalping charts when aligned with high-volume sessions or HTF trend context.

Why This Indicator Is Unique


Unlike standard wick or doji voters, this script specifically filters for candles with a strong body and symmetrical wicks, paired with a range filter, reducing noise significantly.

Important Notes
No unrealistic claims: backtested setups indicate high occurrence of clean breakouts, though performance depends on market structure.

Script built responsibly: uses real-time calculations only, no future-data lookahead.

Visuals on the published chart reflect default input values exactly.