Aktualisiert
Wick Delta Buy/Sell Pressure
If you think of a perfect doji candle, where the wicks on top and bottom are exactly the same, that's a candle with a delta of 0. What this indicator does is show the delta/difference between wicks, if the top wick is longer than the bottom wick it show's sell pressure/bear interest, which is displayed as a red bar and vice versa for buy/bull pressure, which is shown as green bars. I added arrows for clarity.
It's a different way of visualising wicks, which can clarify sentiment and be a useful way to understand wicks better in general. One way to use it is to look for clusters of 3/4 larger bars in a row, which generally helps to determine future direction especially when seen at important levels.
It's a different way of visualising wicks, which can clarify sentiment and be a useful way to understand wicks better in general. One way to use it is to look for clusters of 3/4 larger bars in a row, which generally helps to determine future direction especially when seen at important levels.
Versionshinweise
Updated to highlight the bigger/more important wicksVersionshinweise
This update modernizes the Wick Delta indicator with some advanced filtering:1. Logic: Updated wick calculation math to ensure accuracy regardless of candle color.
2. New Filters: Added togglable filters for Volume Weighting (with clamp), Trend Alignment (EMA), and Body Size (to ignore momentum bars).
3. Visuals: Added a "Show as Candles" mode to visualize using OHLC, as requested
4. Alerts: Added alert conditions for Buy/Sell pressure outliers, as requested
5. Updated to Pine Script v6.
Versionshinweise
Based on the comments, I added an option to use Heikin Ashi bar calculations, but you don't need to have Heikin Ashi bars active for this feature to work.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.