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Wick x2 Body + 2-Candle Trend [Gold Futures]

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This indicator highlights potential reversal candles on Gold Futures using a combination of wick/body ratio and trend confirmation.

🔍 Logic:

Highlights a candle yellow when:
The wick is at least 2x the size of the body
The total candle size is ≥ 50 ticks (5 points)
The previous 2 candles are in the same direction (bullish or bearish) as the wick candle
📈 Interpretation:

Bullish Signal = Long lower wick on a green candle, following 2 bullish candles
Bearish Signal = Long upper wick on a red candle, following 2 bearish candles
Use this to spot overextended moves that may be due for a reversal — especially around key zones or session opens.

Feragatname

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