Indicator Idea - Wick Ratio
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So I had a thought, but lack the coding skills to produce it. Maybe someone on here can help.
I'm looking for an indicator that charts some sort of moving average (probably EMA) of the ratios of the top to the bottom wicks over a selectable number of candles.
So for example if there are a significant number of higher wicks to the number of lower wicks in a row then the indicator would be in the "overbought zone" indicating a short.
Would really appreciate it if this was possible. Thanks!