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NO WICK INDICATION

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NO WICK INDICATION highlights candles that have no wick on one side of the candle. The idea is that when a candle has no wick, price showed no rejection on that side during the candle. This can represent strong one-sided pressure, where buyers or sellers controlled the move with little opposition.

These no-wick areas can become important levels to watch later because they may represent aggressive buying or selling, or areas where heavy orders were present around the bid or ask. When price returns to these areas, they may become potential reaction or reversal zones.

Green dots mark qualifying green no-wick candles, while red dots mark qualifying red no-wick candles. The minimum body-size setting helps filter out smaller candles and focus on stronger moves.

RECOMMENDED SETTINGS / PRESET

Green candle with no upper wick → marker▼ above the candle.
Green candle with no lower wick → marker▲ below the candle.
Red candle with no upper wick → marker ▼ above the candle.
Red candle with no lower wick → marker▲ below the candle.

Wick Tolerance: 0 — requires a true NO WICK

Minimum Body Size: 10 points as the starting preset
For more signals, lower Minimum Body Size from 10 to 5. For stronger/larger candles only, raise it to 15, 20, or higher.

Recommended starting preset: 10 Points / 0 Wick Tolerance / All 4 No-Wick Types ON.
Notas de prensa
Added an optional volume filter. When turned ON, the no-wick signal will only print if the current no-wick candle has higher volume than the candle directly before it. This helps filter out weaker no-wick signals and highlight candles with stronger participation.

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