OPEN-SOURCE SCRIPT
Actualizado 50% Wick Detector + ATR Filter
This indicator highlights candles where the upper or lower wick is at least 50% of the candle’s total range. It is designed to help identify potential liquidity sweeps, rejection candles, and price action reversal zones.
To reduce noisy signals, the indicator also uses an ATR filter. By default, the candle must be at least 100% of ATR, meaning the full candle range must be equal to or greater than the Average True Range.
The ATR period automatically adjusts based on the chart timeframe:
Below 1 hour: ATR(100)
1 hour to 4 hours: ATR(50)
Above 4 hours: ATR(14)
In simple terms, the indicator adjusts the ATR period — the number of candles used in the ATR calculation — depending on the timeframe, so lower timeframes use more candles to smooth out noise, while higher timeframes use fewer candles to stay responsive.
To reduce noisy signals, the indicator also uses an ATR filter. By default, the candle must be at least 100% of ATR, meaning the full candle range must be equal to or greater than the Average True Range.
The ATR period automatically adjusts based on the chart timeframe:
Below 1 hour: ATR(100)
1 hour to 4 hours: ATR(50)
Above 4 hours: ATR(14)
In simple terms, the indicator adjusts the ATR period — the number of candles used in the ATR calculation — depending on the timeframe, so lower timeframes use more candles to smooth out noise, while higher timeframes use fewer candles to stay responsive.
Notas de prensa
**50% Wick Detector + ATR Filter**This indicator highlights candles where the upper or lower wick is at least 50% of the candle's total range. It is designed to help identify potential liquidity sweeps, rejection candles, stop hunts, and price action reversal zones.
A wick representing at least half of a candle's total range often indicates strong rejection of price or liquidity being absorbed at that level.
To reduce noisy signals, the indicator also applies an ATR (Average True Range) filter. By default, a candle's total range must be at least equal to 100% of ATR before a signal is generated, helping filter out smaller, less significant candles.
The ATR filter is calculated using the previous completed candle so the current candle does not influence the volatility benchmark it is being measured against.
The ATR period automatically adjusts based on the chart timeframe:
* Below 1 hour: ATR(100)
* 1 hour to 4 hours: ATR(50)
* Above 4 hours: ATR(14)
This adaptive approach smooths out noise on lower timeframes while remaining responsive on higher timeframes.
The indicator includes TradingView alerts, allowing you to receive notifications whenever a qualifying upper or lower wick is detected.
This indicator is intended as a price action tool and works well alongside support and resistance, market structure, volume analysis, and other technical analysis techniques. It is not intended to be used as a standalone trading signal.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.