The Wick Report [Pro]

The Wick Report [Pro] visualizes how current wick development compares to long-term statistical behavior across multiple higher-timeframe candles.
It references embedded datasets to show where wick formation is historically common, rare, or unusually small for a given session or timeframe.
This provides a data-driven context for directional bias and wick-based targeting — without implying any form of prediction.
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.
Key Features
• Multi-Timeframe Analysis – View wick statistics from 4H, 6H, 12H, Daily, or Weekly candles projected onto any chart.
• Wick Probabilities – Quantifies the historical likelihood of a wick extending beyond its current size.
• Percentile Mapping – Shows where each wick sits within its long-term distribution (e.g., P25 = smaller than 75 % of prior wicks).
• Score System – Automatically combines percentile and probability into a single normalized “target score” for simplified interpretation.
• Wick Modes – 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.
• Adaptive Visualization – Color-coded zones and dynamic labels update as higher-timeframe candles evolve.
• Threshold Filters – Optional probability or score filters to hide low-significance wicks.
About the Score
The score balances two opposing factors:
• High probability of a wick extending further, and
• Low percentile ranking (a smaller-than-normal wick).
A strong combination of both produces a higher score, highlighting candles where wick development is statistically most imbalanced.
The scale is purely comparative — derived from historical distributions, not forward prediction.
Target Score Rankings
- Outstanding (70 +) – Extremely rare, high-confidence zones — typically at very low percentiles with strong exceedance probability.
- Excellent (60–70) – High-confidence targets with clear statistical edge.
- Good (50–60) – Solid probability zones, reliable reference levels.
- Above Average (40–50) – Decent opportunities within normal ranges.
- Average (30–40) – Neutral zones; use additional confirmation.
- Below Average (20–30) – Low-confidence references.
- Poor (< 20) – High percentiles with low probability; statistically common and uninformative.
Methodology & Use
The Wick Report uses historical wick distributions to classify how current wick sizes compare to typical behavior for the same timeframe and session hour.
When a candle forms a small or missing wick, the tool reports how often that condition historically remained unchanged through the rest of the candle’s interval.
This helps identify when wick development is statistically under- or over-extended.
The data is intended for contextual reference only — for example, combining a high-score, low-percentile wick on a higher timeframe with lower-timeframe structure may provide useful directional confluence.
It does not generate trade signals or predict future movement.
Proprietary Framework
The Wick Report [Pro] 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.
All computational methods and dataset structures remain proprietary.
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Hinweise des Autors
Haftungsausschluss
Skript nur auf Einladung
Ausschließlich Nutzer mit einer Erlaubnis des Autors können Zugriff auf dieses Script erhalten. Sie müssen diese Genehmigung bei dem Autor beantragen. Dies umfasst üblicherweise auch eine Zahlung. Wenn Sie mehr erfahren möchten, dann sehen Sie sich unten die Anweisungen des Autors an oder kontaktieren Sie LevelLogic direkt.
TradingView empfiehlt NICHT, für die Nutzung eines Scripts zu bezahlen, wenn Sie den Autor nicht als vertrauenswürdig halten und verstehen, wie das Script funktioniert. Sie können außerdem auch kostenlose Open-Source-Alternativen in unseren Community-Scripts finden.