Market / MetaTrader 5 / Indicators /

PreWick

50 USD

Demo downloaded: 4

Published: 9 August 2026

Current version: 1.2

PreWick

Indicators
Gawain Athur Stephan Cloete
Gawain Athur Stephan Cloete
Namibia

210
Version: 1.2
Activations: 5

PROMO-SALE RUNNING

Pre-Wick Retrace Indicator for MT5

Pre-Wick is a Meta Trader 5 price-action indicator designed to help traders identify potential retracement setups before price reaches the proposed entry area.

The indicator analyzes price movement, wick rejection, market structure and trend conditions to identify potential setup areas on the chart.

When a setup is confirmed on a closed candle, Pre-Wick can display:

Entry Zone
Limit Entry
Stop Loss
Take Profit

This allows traders to plan a potential trade before price reaches the proposed entry level rather than chasing an extended move.

Pre-Wick is primarily designed for Commodities (XAUUSD, XAGUSD) and Indices (US30,US100) with additional flexibility for other trending instruments and timeframes.

Pre-Wick Retracement Detection

Pre-Wick analyzes price movement and wick rejection conditions to identify potential retracement areas.

On-Chart Trade Mapping

Potential setups are displayed directly on the chart with:

Entry zone
Limit entry level
Stop loss level
Take profit level

Closed-Bar Signals

Signals are confirmed on candle close. Once confirmed, the signal is not retrospectively moved or replaced by later price movement.

Trend Filtering

The indicator includes adjustable trend-filter sensitivity to help align signals with the broader market direction.

Structure and Zone Detection

Adjustable sensitivity settings allow traders to control the depth used for support, resistance and structural zone detection.

Alerts

Pre-Wick supports:

MT5 desktop alerts
MT5 mobile push notifications
Email alerts

Recommended Starting Configurations

XAUUSD

Timeframe: M15
Trend filter: 50 EMA

US30 / Dow Jones

Timeframe: M30
Trend filter: 75 EMA

These are recommended starting configurations. Traders can adjust the available settings according to their trading approach and market conditions.

Plan the Retracement

Don't chase an extended candle.

Pre-Wick is designed to help traders monitor potential retracement areas and plan a possible entry before price reaches the level.

The chart can display the proposed:

Retracement Zone → Limit Entry → SL → TP

This is the Pre-Wick concept.

Indicator Settings

Risk/Reward Ratio

Controls the target calculation used for Take Profit levels.

Trend Filter Sensitivity

Controls the sensitivity of the trend filter.

Zone & Structure Sensitivity

Controls detection sensitivity for structural areas.

Wick Threshold

Defines the minimum wick/rejection condition required for a signal.

Risk Disclosure

Pre-Wick is a technical analysis tool and does not provide financial advice or guarantee trading results.

Trading financial markets involves substantial risk of loss. Past market behavior and historical signals do not guarantee future results.

Traders should evaluate each setup independently and use appropriate risk management.

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PreWick

Gawain Athur Stephan Cloete

Pre-Wick Retracement Detection

On-Chart Trade Mapping

Closed-Bar Signals

Trend Filtering

Structure and Zone Detection

Alerts

Recommended Starting Configurations

Indicator Settings

Risk Disclosure