The Wick Report references embedded datasets to show where wick formation is historically common, rare, or unusually small for a given session or timeframe.
Candles that form little or no wick are statistically uncommon. The Wick Report highlights these conditions and displays their percentile rank, exceedance probability, and a derived “score” that reflects how far current wick behavior deviates from typical norms.
The indicator uses embedded statistical datasets built from more than a decade of historical market behavior.
Each timeframe references pre-processed wick-size and exceedance distributions to display where the current wick sits within its long-term statistical range.
User can use this information to target unusually small wicks or alternativley use common size wicks as protecte swings.
Quantifies the historical likelihood of a wick extending beyond its current size.
Shows where each wick sits within its long-term distribution (e.g., P25 = smaller than 75 % of prior wicks).
Automatically combines percentile and probability into a single normalized “target score” for simplified interpretation.
Choose how wick data is displayed to suit your analysis style:
– Auto — Detects candle direction automatically and draws the statistically relevant wick (upper or lower).
– Bullish Only — Displays only lower wicks from bullish candles.
– Bearish Only — Displays only upper wicks from bearish candles.
– Both — Draws both upper and lower wick zones simultaneously for full candle symmetry.
