Wickless Candles detector - [STRATTON]

16 Jul

This TradingView indicator is designed to automatically identify wickless candles and draw horizontal lines from their price levels.

Key Features 📈📉

• Automatic Detection: The script identifies several types of wickless candles:
  
• Bullish Candles: Those with no upper wick, no lower wick, or that are completely wickless.
  
• Bearish Candles: Those with no upper wick, no lower wick, or that are completely wickless.
  
• Wickless Doji: A very rare case where the open, close, high, and low are all identical.
  

Level Plotting: A line is automatically drawn from the corresponding price level (the high or low of the wickless part of the candle). These lines can serve as a reference for future price interactions.

Dynamic Line Management: By default, when a line is touched by the price of a subsequent candle, it is automatically deleted from the chart. This helps keep the chart clean by showing only "active" levels that have not yet been tested.

Integrated Alert System: You can set up alerts in TradingView to be notified in real-time as soon as any type of wickless candle is detected on the chart.

Customizable Settings ⚙️
The indicator offers great flexibility through its numerous settings:
Colors: Fully customize the line colors for bullish (default green), bearish (default red), and doji (default yellow) candles.

Line Appearance:

• Style: Choose between solid, dashed, or dotted lines.
  
• Width: Adjust the line width for better visibility.
  
• Extension: Lines can extend indefinitely to the right (Extended Lines) or have a fixed length that you can define (Line Length).
  

Line Behavior:
Keep Touched Lines: If this option is enabled, instead of being deleted, lines will stop at the point where the price touched them, leaving a visual record of tested levels.

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By Stratton, for traders, by traders !

4 hari lalu

Nota Keluaran

This TradingView indicator is designed to automatically identify wickless candles and draw horizontal lines from their price levels.

Key Features 📈📉
- Automatic Detection: The script identifies several types of wickless candles:
- Bullish Candles: Those with no upper wick, no lower wick, or that are completely wickless.
- Bearish Candles: Those with no upper wick, no lower wick, or that are completely wickless.
- Wickless Doji: A very rare case where the open, close, high, and low are all identical.

Level Plotting: A line is automatically drawn from the corresponding price level (the high or low of the wickless part of the candle). These lines can serve as a reference for future price interactions.

Dynamic Line Management: By default, when a line is touched by the price of a subsequent candle, it is automatically deleted from the chart. This helps keep the chart clean by showing only "active" levels that have not yet been tested.

Integrated Alert System: You can set up alerts in TradingView to be notified in real-time as soon as any type of wickless candle is detected on the chart.

Customizable Settings ⚙️
The indicator offers great flexibility through its numerous settings:
Colors: Fully customize the line colors for bullish (default green), bearish (default red), and doji (default yellow) candles.

Line Appearance:
- Style: Choose between solid, dashed, or dotted lines.
- Width: Adjust the line width for better visibility.
- Extension: Lines can extend indefinitely to the right (Extended Lines) or have a fixed length that you can define (Line Length).

Line Behavior:
- Keep Touched Lines: If this option is enabled, instead of being deleted, lines will stop at the point where the price touched them, leaving a visual record of tested levels.

---

By Stratton, for traders, by traders !