Wick_Length - indicator for MetaTrader 5

Wick_Length – indicator MetaTrader 5

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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:

  1. Separated display method:
    Wick length is displayed “as is”:
    Upper wick – upper wick length,
    Lower wick – lower wick length
  2. 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
  3. 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
  4. 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
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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


https://www.mql5.com/ru/code/23008

Wick_Length – indicator MetaTrader 5
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