Discussing the article: "From Novice to Expert: Revealing the Candlestick Shadows (Wicks)"
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Check out the new article: From Novice to Expert: Revealing the Candlestick Shadows (Wicks).
In this discussion, we take a step forward to uncover the underlying price action hidden within candlestick wicks. By integrating a wick visualization feature into the Market Periods Synchronizer, we enhance the tool with greater analytical depth and interactivity. This upgraded system allows traders to visualize higher-timeframe price rejections directly on lower-timeframe charts, revealing detailed structures that were once concealed within the shadows.
Imagine being able to visualize, in real time, where the market previously rejected price—to see each wick not as an afterthought, but as a territory of market exploration. In doing so, we transform what was once visual noise into meaningful zones of study. The goal is to empower traders and developers alike to treat every candlestick shadow as a micro-environment for discovery, pattern recognition, and strategy development.
This approach builds upon the body-focused fills we developed earlier. Just as we discovered that candle bodies express directional conviction and momentum, the shadows tell another side of the story—one of hesitation, exhaustion, and liquidity imbalance. Together, the filled bodies and the highlighted shadows create a more holistic framework for understanding how price breathes within and across timeframes. By visualizing both, we begin to see not just where price has been accepted, but where it was rejected—a subtle but powerful difference in market structure analysis.
In this continuation, we’ll upgrade our existing Market Periods Synchronizer Control Utility to add Wick Visualization Utility, enhancing it with shadow-focused analytical capabilities. Instead of only filling higher-timeframe bodies, the system will now identify, isolate, and visually fill the wick regions—the upper and lower extremes of each candle—directly on lower-timeframe charts. These elements will update in real time, allowing us to witness how higher-timeframe wicks evolve dynamically as new lower-timeframe bars form. Ultimately, this isn’t just another technical enhancement—it’s an open invitation to explore what lies hidden within the candlestick shadows, to experiment, and to inspire others to push the boundaries of MQL5-based market visualization.
Author: Clemence Benjamin