OPEN-SOURCE SCRIPT
Candlewick Detector Heinken Ashi
Trend reversal detector based on no-wick candle analysis at the opening side. Identifies momentum shifts by marking the first reversal candle after a bullish or bearish sequence. The indicator scans up to 5 candles after a color change to detect the first candle without wick on the opening side (red candle with no upper wick or green candle with no lower wick). Clear visual signals with colored triangles. Fully customizable parameters including minimum sequence length, body size percentage, wick tolerance, and lookback period to adapt to all trading styles.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.