The Bullish/Bearish Candle Series Distribution indicator calculates the length of the current streak of consecutive bullish or bearish candles based on user-selected mode. It tracks streak lengths from 2 to 59 and plots a histogram in a separate pane showing t
Indicator · Pine Script v5 · Own pane
Wick Power Shift
Wick Power Shift calculates and plots the smoothed average sizes of upper and lower candlestick wicks in a separate pane.
GitHub stars219on the repository
Pine versionv5runs as is
Lines of code30
Settings1inputs
LicenceNone statedfile: MPL-2.0
Last update1 year ago8 May 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
30 lines of Pine Script v5 from WickPowerShift.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © FxCloudTrader
//@version=5
indicator(title="Wick Power Shift")
length_wicks = input.int(10, "Length of wicks", 1, step = 1)
// ------------------------- Lower wick -------------------------
// LowerWickRange() returns the bar's lower wick range, which is the
// distance between the low and open (green bars) or close (red bars).
LowerWickRange() =>
math.min(open, close) - low
// Compute the sma of the lower wick size
avgDownWick = ta.sma(LowerWickRange(), length_wicks)
// Plot the average down wick size with a line
plot(avgDownWick, style=plot.style_columns, color=color.green, title="Average Down Wick")
// ------------------------- Upper wick -------------------------
// UpperWickRange() returns the bar's upper wick range, which is the
// difference between the high and open (red bars) or close (green bars).
UpperWickRange() =>
high - math.max(open, close)
// Compute the sma of the bar's upper wick range
avgUpWick = ta.sma(UpperWickRange(), length_wicks)
// Show the average upper wick size with a line
plot(avgUpWick, style=plot.style_columns, color=color.red, title="Average Upper Wick")
Overview
Wick Power Shift measures lower wick length (distance from the lower body to the low) and upper wick length (distance from the upper body to the high), applying a simple moving average over a specified period. Average lower wicks are plotted as green columns, while average upper wicks are plotted as red columns, assisting traders in visualizing shifts in rejection and pressure across candlesticks.
- Upper and lower candlestick wick length calculations
- Simple moving average smoothing of wick sizes
- Color-coded column plots for wick rejection pressure
- Customizable wick length smoothing period
Details
Published by
harryguiacorn on GitHub
Code credit
FxCloudTrader, as written in the script's header
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Candlestick patterns
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Repository
Topics
bollingerbollinger-bandbollinger-bandsichimokuichimoku-cloudichimoku-indicatorpinepinescriptpinescript-guidespinescript-indicators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length of wicks | int | 10 | length_wicks |
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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