OPEN-SOURCE SCRIPT

Wick Reversal - Gavi

53
Detect clean single-bar reversal candles (hammer / shooting star variants) with objective rules.
This script flags bars where a dominant wick overwhelms the body and the close finishes near the relevant extreme of the candle—an evidence-based way to find potential turns or continuation traps.

What it detects

A bar is labeled a Wick Reversal when any of these structures occur:

Bullish candidates (WR↑):

  • Long lower wick ≥ Wick_Multiplier × Body, and
  • Close finishes in the top X% of the bar’s range.
  • Doji and flat-top variants are also handled (size-filtered).

Bearish candidates (WR↓):

  • Long upper wick ≥ Wick_Multiplier × Body, and
  • Close finishes in the bottom X% of the bar’s range.
  • Doji and flat-bottom variants are also handled (size-filtered).


Close-percent is measured from the high (bullish) or from the low (bearish), matching the commonly used definition.

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.