Wick play is a candle stick long setup popularized by 2020 US Investing Champion Oliver Kell Wick Play is a setup in which:
Strong stock with momentum to the upside closes off the highs of the day in yesterdays session.
Today's session opens in the candle "wick" of yesterdays bar.
If stock holds in the wick and doesn't trade in the body of yesterdays candle, it is a sign of strength.
Trigger happens on day 3 when price moves over the high of the wick inside day.
It is important to note that this setup should not be traded in isolation. Not every wick play is buyable. This is to be used in the context of strong stocks like True Market Leaders and with buying momentum behind them.
Indicator places an up arrow under the candle setup. It also colors the candle itself. All configurable through indicator settings. Cheers!
bravo! thanks for your work! by the way, what's the meaning of E, D and S ?
Stewie_Griffin
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Sweet. Can you publish your OBV script as well? And how did you get that Avg volume, UD/Ratio, etc on top of your volume? That looks cool.
TaPlot
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@Stewie_Griffin, check my Volume Pocket Pivot indicator. It's part of that. OBV I have not published yet. Not sure I will at this point.
mkozzzie
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Thank you for this. You said "Trigger happens on day 3 when price moves over the high of the wick inside day", does the day 2 candle need to be an inside day? In the FUBO example in Oliver Kell's book (page 42), the day 2 candle closes higher than the close of the wick candle.
mkozzzie
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@sincereFerret33701, the day 2 candle closes significantly higher than the *high* of the wick candle.