OPEN-SOURCE SCRIPT
Wick Fills
General Concept: The "Wick Fill" StrategyIn trading, a long wick (shadow) on a candlestick shows that the price reached a certain extreme high or low but was quickly rejected.A popular market theory states that these wicks represent temporary market imbalances or "pockets of liquidity." Just like gaps (where the price jumps from one level to another without trading), the market has a strong tendency to return to these long wicks and trade through that price zone again. This indicator automatically finds these long wicks and tracks them until the price returns to "fill" them.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.