twingall

wick CE; plot candle wick and tail midpoint lines

twingall Updated   
-Simple little tool to plot the wick CE: an ICT concept, consequent encroachment i.e. the midpoint line of a wick or tail; it being a potentially sensitive level (depending on context).
-Wrote this to save me time drawing out fib retracement to locate the precise level of the wick CE. Example usage: show indicator, add horizontal ray over favored wick CE level, hide indicator.

~choose how many consecutive bars back to plot wick CE lines.
~choose how many bars forward to extend the wick CE lines.

Release Notes:
-increased max_bars_back and max_lines_count to allow for much larger lookback
Release Notes:
-added option to show candle body midlines too ('MT' = mean threshold)
Release Notes:
-added optional retracement levels (75% and 25% of high-low range); default is off.
-added minimum wick size input (based on multiples of chart symbols mintick value) to filter out small wicks; (default = 1; i.e. will only filter out wick CEs where the wick is tiny or non-existent).
-added option to show chart symbol's mintick value in top right corner of chart (default off).
Release Notes:
-change show current bar to default true

You can buy me a coffee here...

PayPal.Me/twingall
BTC: 3JrhUwNRnKyqhaa1n1AXKeAubNeEFoch6S
ETH erc20: 0x4b0400B1c18503529ab69611e82a934DDe4Ab038
ETH bep20: 0x1F0f03F184079bb1085F8C9dF3a8191C9f5869B3
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?