Wick length indicator displays the candle wick length in points in a separate chart window.
It has one configurable parameter:
- Method - display method
- Separated - separate
- Separated Opposite Only - separated, opposite wicks only
- Cumulative
- Difference
Display methods:
- Separated display method:
Wick length is displayed "as is":
Upper wick - upper wick length,
Lower wick - lower wick length - Separated, opposite wicks only:
- If the candle is bullish:
Upper wick = 0
Lower wick = lower wick length - If the candle is bearish:
Upper wick = upper wick length
Lower wick = 0
- If the candle is bullish:
- Cumulative:
The 'Upper wick' buffer is named "Wick cumulative" and displays the sum of the upper and lower candle wick
The 'Lower wick' buffer is not displayed - Difference:
The 'Upper wick' buffer is named "Wick difference" and displays the difference between the candle's upper and lower candle
The 'Lower wick' buffer is not displayed
Fig. 1. Wick length, Method = Separated
Fig. 2. Wick length, Method = Separated Opposite Only
Fig. 3. Wick length, Method = Cumulative
Fig. 4. Wick length, Method = Difference
