OPEN-SOURCE SCRIPT
Institutional Rejection Wicks
Overview
The Institutional Rejection Wicks indicator helps SMC and ICT traders identify true Liquidity Sweeps. It filters out random wicks, only highlighting extreme price rejections that are backed by a massive spike in institutional trading volume.
How to Read the Signals
Dynamic Defense Lines
When a high-volume rejection happens, the script draws a precise Defense Line right from the tip of the wick. This marks the exact liquidity pool being protected.
If price eventually closes past this line (breaking the defense), the line is automatically deleted from your chart so you are never staring at broken support levels.
Core Features
The Institutional Rejection Wicks indicator helps SMC and ICT traders identify true Liquidity Sweeps. It filters out random wicks, only highlighting extreme price rejections that are backed by a massive spike in institutional trading volume.
How to Read the Signals
- Bullish Sweeps (Green): A deep bottom wick on high volume. Acts as a strongly defended Rejection Block and support zone.
- Bearish Sweeps (Red): A large top wick on high volume. Indicates trapped retail liquidity and heavy institutional resistance.
Dynamic Defense Lines
When a high-volume rejection happens, the script draws a precise Defense Line right from the tip of the wick. This marks the exact liquidity pool being protected.
If price eventually closes past this line (breaking the defense), the line is automatically deleted from your chart so you are never staring at broken support levels.
Core Features
- Volume Anomaly Filter: Ignores normal wicks; only triggers when volume eclipses the average.
- Wick Constraints: Customize the required wick size (e.g., >60% of the candle) to filter out weak setups.
- Aesthetic Choices: Highlight sweeps with clean icons, painted bars, or both.
- Scalper Focused: Auto-hides on higher timeframes to keep your macro charts clutter-free.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.