Stop Hunt Candlesticks (Liquidity Wicks)

12 jam yang lalu

🕯️ Stop Hunt Candlesticks
Wick Highlighter – Spot Extreme Wicks Instantly

This indicator highlights candles where the upper or lower wick exceeds a customizable percentage of the asset’s price — perfect for quickly spotting strong rejections, liquidity grabs, stop hunts or exhaustion moves.

💡 Key Features

Visual Background Highlight: Automatically colors the chart background when a wick surpasses your defined % threshold (default 1%).

Customizable Threshold: Adjust wick sensitivity to suit different assets or timeframes.

Upper & Lower Wick Filters: Choose whether to track upper wicks, lower wicks, or both.

Dynamic Price Basis: Compare wick size relative to Close, Open, HL2, or OC2.

Optional Labels: Display the exact wick percentage directly on the chart.

Alerts Ready: Get notified whenever a candle shows an extreme wick condition.

⚙️ How It Works

The script measures each candle’s wick size relative to your chosen price basis:

Upper wick % = (High − max(Open, Close)) / Basis × 100

Lower wick % = (min(Open, Close) − Low) / Basis × 100

If the result exceeds your chosen threshold, the chart background changes color.
Red for upper wicks, green for lower wicks by default.

🎯 Use Cases

Identify strong rejections or stop hunts near key levels.

Confirm price exhaustion or potential reversals.

Filter fake breakouts or high-volatility events.

🧩 Customization

Tweak colors, transparency, and label visibility to fit seamlessly into your chart setup.

12 jam yang lalu

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