OPEN-SOURCE SCRIPT
Wick Delta vs Body/Wick Bias
Diupdate
The top and bottom of this indicator use the same logic as my Wick Delta script, but it displays differently, visualising the rejection or buy/sell pressure that wicks can represent. Outliers are highlighted in darker colours and often show inflection points, particular if they've just wicked into liquidity. So the start or end of moves, or a trend change. They can also happen for no reason, or just be a stop hunt. It's all about context, like everything in technical analysis.
The new addition is the centre line which shows whether wicks or bodies or in charge. Kinda like Average True Range (ATR) this script calculates Average True Bodies (ATBs) and compares it with Average True Wicks (ATWs) and shows when one or the other is in charge. So if candle wicks are bigger (>50%) than bodies, you'll see skinny, wick-like columns, and if the bodies are bigger you'll seen thicker, body-like columns. These can show inflection points too.
Keen to hear how people use this, and I intend to add a volume weighting feature when I get to it.
The new addition is the centre line which shows whether wicks or bodies or in charge. Kinda like Average True Range (ATR) this script calculates Average True Bodies (ATBs) and compares it with Average True Wicks (ATWs) and shows when one or the other is in charge. So if candle wicks are bigger (>50%) than bodies, you'll see skinny, wick-like columns, and if the bodies are bigger you'll seen thicker, body-like columns. These can show inflection points too.
Keen to hear how people use this, and I intend to add a volume weighting feature when I get to it.
Catatan Rilis
The top and bottom columns now match candle bias colours, i.e. red or greenSkrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
Inggin menggunakan skrip ini pada chart?
Pernyataan Penyangkalan
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