Wickless
- Indicators
- Stephen Gathumbi Ndiba
- Version: 1.0
- Activations: 5
The Wickless Indicator is based on an observation I made while trading and thought I'd turn it to an indicator. It is quite great for entries, especially in a trending market as well as a consolidating market to identify support and resistance.
It works by observing bullish and bearish candles that have no wicks in the opposing direction, eg a bullish candle (the candle close is higher than the candle open) not having a wick to the downside, just like on the cover image.
Feel free to try it out and leave a review. Thank you and happy trading!
