Irregular Wick + QQE Confluence

This indicator combines irregular candlestick wick analysis with QQE (Quantitative Qualitative Estimation) momentum confirmation to identify potential reversal points in price action.
What it does:

Detects unusually large wicks that may indicate price rejection at key levels
Uses QQE trend analysis to filter signals and reduce false positives
Provides both basic and enhanced signal types for different trading strategies

Key Features:

Wick Detection: Identifies candles where wicks are significantly larger than the body, suggesting strong rejection of price levels
QQE Confluence: Filters signals based on QQE momentum trend (bullish/bearish/neutral)
Enhanced Signals: Combines wick detection with QQE signal line crossovers for stronger confirmation
Visual Aids: Background coloring shows QQE trend, info table displays current market conditions
Customizable Parameters: Adjust wick sensitivity, QQE settings, and confluence requirements

Signal Types:

Basic Signals: Irregular wicks aligned with QQE trend direction
Enhanced Signals: Irregular wicks combined with QQE signal crossovers
Long Signals: Generated after irregular lower wicks in bullish QQE conditions
Short Signals: Generated after irregular upper wicks in bearish QQE conditions

Educational Purpose:
This tool is designed for educational analysis of price action patterns and momentum indicators. It helps traders understand how wick formations relate to underlying momentum conditions.
Settings:

Wick detection sensitivity (multiplier and percentage thresholds)
QQE parameters (RSI period, smoothing, threshold levels)
Optional confluence requirement toggle
Visual display preferences

Disclaimer: This indicator is for educational and analytical purposes only. Past performance does not guarantee future results. Always conduct your own analysis and risk management before making trading decisions.
Note: Signals should be used in conjunction with other forms of analysis including support/resistance levels, market context, and proper risk management techniques.
This description focuses on the educational and analytical aspects while avoiding any direct trading advice or performance claims that could violate TradingView's guidelines.