Candle Pressure & Response (JMA) evaluates price action dynamics by calculating bidirectional candle pressure, upper and lower wick rejection fractions, body efficiency, and range expansion metrics relative to ATR. Each output series is smoothed using a Jurik
Indicator · Pine Script v6 · Own pane
Price Spike Detector
An indicator in a separate pane that measures candle wick sizes, the distance from the body to the high and to the low, and shows them as columns for the chart timeframe along with 15-minute and 60-minute versions requested with lookahead.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code66
Settings1inputs
LicenceNone stated
Last update1 year ago1 Mar 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Percentile levels over a chosen number of bars colour the chart timeframe wicks in two shades when they reach the 99th percentile or the maximum. It highlights unusual wicks and does not generate trade signals.
- Upper and lower wick sizes as columns
- 15-minute and 60-minute wick comparison
- Percentile thresholds over a settable window
- Two-tone colouring of extreme wicks
Details
Published by
ivansoft on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volatility & bands, Candlestick patterns
Markets
Any symbol
Timeframes
M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Topics
pinescripttradingvew
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| percentile bars | int | 1500 | inputBarsP99 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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