Wickless Candle Marker

16 apr

This indicator highlights "wickless" candles and draws horizontal levels at their price. A wickless candle is defined as a candle with no significant wick on either the top or bottom — meaning the open or close is effectively equal to the high or low, within a user-defined precision threshold.

Features:

• Highlights wickless candles in yellow
  
• Draws a horizontal dotted line from the wickless level (either top or bottom)
  
• Automatically removes the level and highlight once the price is touched again
  
• User-adjustable sensitivity threshold to define what counts as "wickless" (default: 0.01%)
  

This tool is useful for traders looking to identify potential liquidity levels or precise rejection points where price reversed without leaving a wick.

Settings:

• Wickless Threshold (%): Adjust the tolerance for wick size relative to the candle range
  

16 apr

Note di rilascio

This indicator highlights "wickless" candles and draws horizontal levels at their price. A wickless candle is defined as a candle with no significant wick on either the top or bottom — meaning the open or close is effectively equal to the high or low, within a user-defined precision threshold.

Features:

• Highlights wickless candles in yellow
  
• Draws a horizontal dotted line from the wickless level (either top or bottom)
  
• Automatically removes the level and highlight once the price is touched again
  
• User-adjustable sensitivity threshold to define what counts as "wickless" (default: 0.01%)
  

This tool is useful for traders looking to identify potential liquidity levels or precise rejection points where price reversed without leaving a wick.

• Settings:
  

• Wickless Threshold (%): Adjust the tolerance for wick size relative to the candle range
  
• Line color, style and width.
  
• Bar highlight color.
  

16 apr

Note di rilascio

Update default threshold to 0.1%.