OPEN-SOURCE SCRIPT
Wick Reversal SIM V2 Fixed
Wick Reversal SIM is a price-action-based reversal + trade simulation tool designed to identify high-probability turning points using wick dominance and then instantly map out a complete trade plan (entry, stop loss, and multiple take profits).
It combines pure candlestick psychology with automated risk management visualization, making it both:
a signal generator
and a trade execution framework
What It Is Made Of (Core Components)
1. Wick Strength Engine
At its core, the indicator measures:
Body size → |close - open|
Upper wick
Lower wick
Then compares wick size vs body using:
Wick ÷ Body ≥ Threshold (e.g., 2.0x)
This identifies rejection candles:
Large lower wick → buyers stepped in → potential LONG
Large upper wick → sellers stepped in → potential SHORT
2. Confirmation Logic (No Blind Entries)
It does NOT enter on the wick candle itself.
Instead:
Waits for the next candle to confirm direction
LONG setup:
Previous candle = strong lower wick
Current candle = bullish close + breaks previous close
SHORT setup:
Previous candle = strong upper wick
Current candle = bearish close + breaks previous close
This reduces fake-outs and increases signal quality.
3. Trade Simulation Engine
Once a signal triggers, the indicator automatically plots:
Entry price
Stop loss (fixed %)
TP1 (partial take profit)
TP2 (runner target)
It visually draws:
Horizontal levels (entry, SL, TP1, TP2)
Risk/Reward zones (red = risk, green = reward)
Optional projected move path (arrow)
4. Risk/Reward Visualization
You instantly see:
Position structure
Risk vs reward balance
Trade quality before entering
This is huge for discipline + prop firm trading
5. Chart Signals & Visual Cues
Stars = wick setups forming
Arrows = confirmed entries
Gold candles = high rejection candles
How to Use It (Simple but Powerful)
Step-by-Step Workflow
1. Wait for a Wick Signal (Star)
Look for strong rejection (gold candle + star)
2. Wait for Confirmation
Don’t jump early — let the next candle confirm
3. Enter on Signal Arrow
LONG or SHORT appears
4. Follow the Trade Map
Entry already defined
Stop loss already calculated
TP1 + TP2 plotted
5. Manage Trade
Scale out at TP1
Let runner go to TP2
Optional: move SL to breakeven after TP1
Best Timeframes
-
Optimal:
5M → scalping (fast, high frequency)
15M → best balance (recommended)
1H → stronger confirmations, fewer trades
Less Effective:
1m → too noisy
Daily+ → signals too rare for this strategy
What to Trade With It
This indicator performs best on liquid, high-volume markets:
Top Choices:
Crypto (especially trending pairs)
BTCUSD
ETHUSD
LTCUSD (great with this setup)
Also Works Well:
Indices
NASDAQ (NQ)
S&P 500 (ES)
Good Option:
Forex
EURUSD
GBPUSD
XAUUSD (Gold — very strong with wick logic)
Why This Indicator Works
It’s based on real market behavior:
Wicks = failed moves / liquidity grabs
Large wick = trapped traders
Confirmation candle = true direction revealed
You’re essentially trading:
“Stop hunts → reversal → continuation”
- Key Rules (Don’t Ignore These)
-Don’t enter without confirmation
-Avoid ranging/choppy markets
-Don’t fight strong trends blindly
-Best used after liquidity sweeps
-Combine with structure (support/resistance)
-Trade during active sessions (NY / London)
-Pro Tip (This Changes Everything)
Use it with:
Market structure (higher highs / lower lows)
Key levels (previous highs/lows)
Session timing
The A+ setup is:
Wick rejection + structure level + confirmation = high probability trade
Bottom Line
Wick Reversal SIM is not just an indicator — it’s a full trade execution system.
It gives you:
Entry logic
Risk management
Trade visualization
Confirmation filtering
If used correctly, it eliminates:
Emotional entries
Poor risk management
Guesswork
It combines pure candlestick psychology with automated risk management visualization, making it both:
a signal generator
and a trade execution framework
What It Is Made Of (Core Components)
1. Wick Strength Engine
At its core, the indicator measures:
Body size → |close - open|
Upper wick
Lower wick
Then compares wick size vs body using:
Wick ÷ Body ≥ Threshold (e.g., 2.0x)
This identifies rejection candles:
Large lower wick → buyers stepped in → potential LONG
Large upper wick → sellers stepped in → potential SHORT
2. Confirmation Logic (No Blind Entries)
It does NOT enter on the wick candle itself.
Instead:
Waits for the next candle to confirm direction
LONG setup:
Previous candle = strong lower wick
Current candle = bullish close + breaks previous close
SHORT setup:
Previous candle = strong upper wick
Current candle = bearish close + breaks previous close
This reduces fake-outs and increases signal quality.
3. Trade Simulation Engine
Once a signal triggers, the indicator automatically plots:
Entry price
Stop loss (fixed %)
TP1 (partial take profit)
TP2 (runner target)
It visually draws:
Horizontal levels (entry, SL, TP1, TP2)
Risk/Reward zones (red = risk, green = reward)
Optional projected move path (arrow)
4. Risk/Reward Visualization
You instantly see:
Position structure
Risk vs reward balance
Trade quality before entering
This is huge for discipline + prop firm trading
5. Chart Signals & Visual Cues
Stars = wick setups forming
Arrows = confirmed entries
Gold candles = high rejection candles
How to Use It (Simple but Powerful)
Step-by-Step Workflow
1. Wait for a Wick Signal (Star)
Look for strong rejection (gold candle + star)
2. Wait for Confirmation
Don’t jump early — let the next candle confirm
3. Enter on Signal Arrow
LONG or SHORT appears
4. Follow the Trade Map
Entry already defined
Stop loss already calculated
TP1 + TP2 plotted
5. Manage Trade
Scale out at TP1
Let runner go to TP2
Optional: move SL to breakeven after TP1
Best Timeframes
-
Optimal:
5M → scalping (fast, high frequency)
15M → best balance (recommended)
1H → stronger confirmations, fewer trades
Less Effective:
1m → too noisy
Daily+ → signals too rare for this strategy
What to Trade With It
This indicator performs best on liquid, high-volume markets:
Top Choices:
Crypto (especially trending pairs)
BTCUSD
ETHUSD
LTCUSD (great with this setup)
Also Works Well:
Indices
NASDAQ (NQ)
S&P 500 (ES)
Good Option:
Forex
EURUSD
GBPUSD
XAUUSD (Gold — very strong with wick logic)
Why This Indicator Works
It’s based on real market behavior:
Wicks = failed moves / liquidity grabs
Large wick = trapped traders
Confirmation candle = true direction revealed
You’re essentially trading:
“Stop hunts → reversal → continuation”
- Key Rules (Don’t Ignore These)
-Don’t enter without confirmation
-Avoid ranging/choppy markets
-Don’t fight strong trends blindly
-Best used after liquidity sweeps
-Combine with structure (support/resistance)
-Trade during active sessions (NY / London)
-Pro Tip (This Changes Everything)
Use it with:
Market structure (higher highs / lower lows)
Key levels (previous highs/lows)
Session timing
The A+ setup is:
Wick rejection + structure level + confirmation = high probability trade
Bottom Line
Wick Reversal SIM is not just an indicator — it’s a full trade execution system.
It gives you:
Entry logic
Risk management
Trade visualization
Confirmation filtering
If used correctly, it eliminates:
Emotional entries
Poor risk management
Guesswork
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.