OPEN-SOURCE SCRIPT
50% High-Probability M15 Wicks
Description
This indicator isolates high-probability liquidity grabs and institutional reference points by tracking M15 (15-minute) candle wicks that exhibit unusual size and volume. It automatically calculates and projects the 50% equilibrium level of these specific wicks as key horizontal support/resistance areas.
Engineered for multi-temporal flexibility, it allows you to scale down to lower execution timeframes (M1, M5) or up to macro views (H1, H4) while maintaining the precise M15 levels fixed on your chart.
What it tracks & Why:
High-Probability Wick Filter: It calculates the average wick size over a specific period and only triggers when a 15-minute wick exceeds this average by a custom multiplier, ensuring it only flags significant market expansions.
Liquidity Sweeps: It validates the setup by confirming that the wick successfully swept the previous candle's high or low, signaling a true hunt for stops before a reversal.
Smart Proximity Mitigation: To maintain a clean workspace and avoid false signals, the indicator automatically deletes active levels in real-time if the price mitigates the 50% level or approaches it within a custom % ATR threshold (pre-mitigation zone).
Key Features:
True MTF Precision: Swap between any timeframe without lines shifting, breaking, or disappearing.
Real-time Price Labels: Displays floating current prices next to active levels for quick execution.
Fully Customizable Visuals: Easily toggle line styles (dotted, dashed, solid), thickness, transparency, and text sizes directly from the settings menu.
This indicator isolates high-probability liquidity grabs and institutional reference points by tracking M15 (15-minute) candle wicks that exhibit unusual size and volume. It automatically calculates and projects the 50% equilibrium level of these specific wicks as key horizontal support/resistance areas.
Engineered for multi-temporal flexibility, it allows you to scale down to lower execution timeframes (M1, M5) or up to macro views (H1, H4) while maintaining the precise M15 levels fixed on your chart.
What it tracks & Why:
High-Probability Wick Filter: It calculates the average wick size over a specific period and only triggers when a 15-minute wick exceeds this average by a custom multiplier, ensuring it only flags significant market expansions.
Liquidity Sweeps: It validates the setup by confirming that the wick successfully swept the previous candle's high or low, signaling a true hunt for stops before a reversal.
Smart Proximity Mitigation: To maintain a clean workspace and avoid false signals, the indicator automatically deletes active levels in real-time if the price mitigates the 50% level or approaches it within a custom % ATR threshold (pre-mitigation zone).
Key Features:
True MTF Precision: Swap between any timeframe without lines shifting, breaking, or disappearing.
Real-time Price Labels: Displays floating current prices next to active levels for quick execution.
Fully Customizable Visuals: Easily toggle line styles (dotted, dashed, solid), thickness, transparency, and text sizes directly from the settings menu.
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。