Wick Reversal - Gavi
Detect clean single-bar reversal candles (hammer / shooting star variants) with objective rules.
This script flags bars where a dominant wick overwhelms the body and the close finishes near the relevant extreme of the candle—an evidence-based way to find potential turns or continuation traps.
What it detects
A bar is labeled a Wick Reversal when any of these structures occur:
Bullish candidates (WR↑):
Bearish candidates (WR↓):
Close-percent is measured from the high (bullish) or from the low (bearish), matching the commonly used definition.
This script flags bars where a dominant wick overwhelms the body and the close finishes near the relevant extreme of the candle—an evidence-based way to find potential turns or continuation traps.
What it detects
A bar is labeled a Wick Reversal when any of these structures occur:
Bullish candidates (WR↑):
- Long lower wick ≥ Wick_Multiplier × Body, and
- Close finishes in the top X% of the bar’s range.
- Doji and flat-top variants are also handled (size-filtered).
Bearish candidates (WR↓):
- Long upper wick ≥ Wick_Multiplier × Body, and
- Close finishes in the bottom X% of the bar’s range.
- Doji and flat-bottom variants are also handled (size-filtered).
Close-percent is measured from the high (bullish) or from the low (bearish), matching the commonly used definition.
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.
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.