OPEN-SOURCE SCRIPT

#MS Topping Tail Detector

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Shows potential Topping Tails. A topping tail is a candlestick pattern feature often seen on price charts that signals potential selling pressure or a reversal from an uptrend. Here’s how it works:

🔍 Definition

A topping tail (also called an upper shadow or wick) is the thin line above the candlestick body showing how high the price went during a trading period before sellers pushed it back down.

It indicates that buyers were in control early, but sellers took over, causing the price to fall from its high before the close.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.