Get started
Wilson-IV

Fat Fingers study

Wilson-IV  
Candlestick Analysis fat fatfingers fingers wicks large
64
0
candlestick fat fatfingers fingers wicks large
It often happens that prices moves to fast below or above the previous price levels. A very large wick up or down the candle are formed then.
These wicks are Fat fingers because they are very large in comparison wiith the other wicks.
Fat fingers study is a simple but effective way to detect these fat fingers.


HOW TO USE:
Set the percentage of the wicks for upward movement or downward movement.

Note!
These values are different for each market.

Markets:
It can be used to all markets.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?