OPEN-SOURCE SCRIPT

Wickwap MTF

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Wickwap MTF is a Multi-Timeframe Pine Script indicator that automatically detects strong candlestick wicks on a chosen timeframe and draws clean supply/demand blocks anchored to swing pivots. It measures the average upper and lower wick length, then highlights only "significant" wicks (those exceeding a user-defined multiple of the average). These strong wicks are turned into visual rectangular blocks (boxes) extending from swing highs (upper blocks) and swing lows (lower blocks).

Core Logic:
Upper blocks (red) = Strong selling rejection / Supply zones
Lower blocks (green) = Strong buying rejection / Demand zones

Fully MTF — you can view higher-timeframe wick zones on your current chart
Uses swing pivots for precise anchoring

Summary:
Wickwap MTF is a clean, visual wick-based Supply & Demand indicator focused on real market rejection rather than just bodies or simple highs/lows. Excellent for price action and ICT/SMC traders who respect strong wicks.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.