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Wicks based RSI

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The idea behind this indicator is simple: if there are multiple wicks, let's say to the upside, it means that the price is getting rejected multiple times, hence it signals a possible movement to the downside.

This indicator needs to have small period, to be able to detect wicks and generate signals, since usually bigger wicks disbalance appear for a few candles only.

This is an entry generation indicator. Combine it with a strategy to get the best results.
Sürüm Notları
I have changed the appearance of the indicator to look nicer

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.