OPEN-SOURCE SCRIPT
Aggiornato Wick Hunter
Wick Hunter is an open-source price-action indicator designed to identify contextually significant rejection wicks while filtering out many of the smaller or lower-quality wicks that occur during normal market noise.
The purpose of the script is not simply to mark candles with long wicks. Wick size by itself can be misleading, especially during consolidation or strong directional moves. Wick Hunter evaluates the wick together with its size, candle structure, recent volatility, prevailing trend, and surrounding liquidity context before displaying a signal.
The indicator uses three related types of wick behavior:
TREND-CONTINUATION REJECTION
In a strong directional move, Wick Hunter looks for meaningful pullback wicks that reject back in the direction of the prevailing trend. This helps prevent the script from treating every countertrend wick as a reversal.
LIQUIDITY SWEEP/RECLAIM
The script can identify wicks that trade beyond a confirmed swing level and then reclaim that level. These signals represent rejection after liquidity has been taken rather than an isolated candle pattern.
EXTREME WICK EVENTS
Exceptionally large wicks relative to ATR and recent wick behavior can qualify as significant even when they do not fit a normal continuation setup. This is intended to capture unusually aggressive rejection or displacement. The script does not detect scheduled news events; it detects the resulting price behavior.
All three setup types serve the same purpose: determining whether a wick is significant enough to deserve attention. They are not separate indicators combined for additional features.
Wick Hunter also calculates an internal Wick Quality Score. The score considers actual wick size relative to ATR, wick size relative to recent wicks, how much of the candle is occupied by the wick, the quality of the rejection close, the candle’s size relative to recent price action, and the size of the opposing wick. Signals must meet the required quality threshold before appearing.
A moderate consolidation filter is also included. When price is trading inside a compressed range, Wick Hunter suppresses many middle-of-range wick signals while still allowing meaningful rejection near the edges of the range, confirmed liquidity sweeps, and unusually extreme wicks. This filter exists specifically to reduce low-value signals during sideways price action.
SIGNAL INTERPRETATION
A green upward marker indicates a significant lower-wick rejection.
A red downward marker indicates a significant upper-wick rejection.
The accompanying “Significant Wick” label identifies the qualifying candle. Nearby text labels may be suppressed to prevent visual overlap, but valid signal arrows remain visible.
Wick Hunter can display signals on all chart timeframes, but 15-minute and higher timeframes are recommended. The filtering logic was developed with intraday and higher-timeframe price action in mind, and lower timeframes may contain more noise and more frequent short-lived wick behavior. Users can adjust the thresholds to suit different markets and timeframes.
On live candles, Wick Hunter evaluates conditions as price develops and locks a signal once its criteria are satisfied. Historical candles are evaluated using their completed OHLC data, which can result in differences between intrabar behavior and a fully reloaded historical chart.
Wick Hunter includes alert conditions for bullish and bearish Significant Wick signals.
This indicator is intended as a price-action analysis tool and should not be treated as a complete trading system by itself. Market context, execution, risk management, and independent analysis remain important.
SOURCE VISIBILITY
Open-source. The Pine Script code is publicly available so users can inspect how the indicator works.
The purpose of the script is not simply to mark candles with long wicks. Wick size by itself can be misleading, especially during consolidation or strong directional moves. Wick Hunter evaluates the wick together with its size, candle structure, recent volatility, prevailing trend, and surrounding liquidity context before displaying a signal.
The indicator uses three related types of wick behavior:
TREND-CONTINUATION REJECTION
In a strong directional move, Wick Hunter looks for meaningful pullback wicks that reject back in the direction of the prevailing trend. This helps prevent the script from treating every countertrend wick as a reversal.
LIQUIDITY SWEEP/RECLAIM
The script can identify wicks that trade beyond a confirmed swing level and then reclaim that level. These signals represent rejection after liquidity has been taken rather than an isolated candle pattern.
EXTREME WICK EVENTS
Exceptionally large wicks relative to ATR and recent wick behavior can qualify as significant even when they do not fit a normal continuation setup. This is intended to capture unusually aggressive rejection or displacement. The script does not detect scheduled news events; it detects the resulting price behavior.
All three setup types serve the same purpose: determining whether a wick is significant enough to deserve attention. They are not separate indicators combined for additional features.
Wick Hunter also calculates an internal Wick Quality Score. The score considers actual wick size relative to ATR, wick size relative to recent wicks, how much of the candle is occupied by the wick, the quality of the rejection close, the candle’s size relative to recent price action, and the size of the opposing wick. Signals must meet the required quality threshold before appearing.
A moderate consolidation filter is also included. When price is trading inside a compressed range, Wick Hunter suppresses many middle-of-range wick signals while still allowing meaningful rejection near the edges of the range, confirmed liquidity sweeps, and unusually extreme wicks. This filter exists specifically to reduce low-value signals during sideways price action.
SIGNAL INTERPRETATION
A green upward marker indicates a significant lower-wick rejection.
A red downward marker indicates a significant upper-wick rejection.
The accompanying “Significant Wick” label identifies the qualifying candle. Nearby text labels may be suppressed to prevent visual overlap, but valid signal arrows remain visible.
Wick Hunter can display signals on all chart timeframes, but 15-minute and higher timeframes are recommended. The filtering logic was developed with intraday and higher-timeframe price action in mind, and lower timeframes may contain more noise and more frequent short-lived wick behavior. Users can adjust the thresholds to suit different markets and timeframes.
On live candles, Wick Hunter evaluates conditions as price develops and locks a signal once its criteria are satisfied. Historical candles are evaluated using their completed OHLC data, which can result in differences between intrabar behavior and a fully reloaded historical chart.
Wick Hunter includes alert conditions for bullish and bearish Significant Wick signals.
This indicator is intended as a price-action analysis tool and should not be treated as a complete trading system by itself. Market context, execution, risk management, and independent analysis remain important.
SOURCE VISIBILITY
Open-source. The Pine Script code is publicly available so users can inspect how the indicator works.
Note di rilascio
REALTIME SIGNAL HANDLING UPDATEUpdated Wick Hunter so signals now dynamically reflect the current candle conditions in real time. Signals appear when the qualifying criteria are met and disappear if those criteria are no longer satisfied before the candle closes.
Historical signals are based only on the final completed OHLC of each candle.
Signal logic, arrow sizing, and label sizing remain unchanged.
Note di rilascio
Updated the publication chart/thumbnail for clearer visual presentation. A non-functional source code comment was also updated. No changes were made to the indicator’s logic, signals, settings, arrows, labels, or functionality.Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Second Bell — Trading tools built for clarity and market context.
secondbelltrading.com
secondbelltrading.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Second Bell — Trading tools built for clarity and market context.
secondbelltrading.com
secondbelltrading.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.