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FX Momentum Breakout Detector# FX Momentum Breakout Strategy
A TradingView Pine Script indicator that detects momentum breakouts in forex pairs and automatically executes trades via SignalStack integration. The strategy uses EMA crossovers, swing structure breaks, and Fibonacci retracement levels for entry, stop loss, and take profit placement.
## Overview
This strategy identifies bullish and bearish momentum breakouts by combining:
- **EMA (Exponential Moving Average)** for trend direction
- **Swing High/Low** structure breaks for entry signals
- **Fibonacci retracement levels** for stop loss and take profit
- **Volume and time filters** to improve signal quality
- **Dynamic position sizing** based on Fibonacci stop distance and risk percentage
### Key Features
- ✅ **Automated Order Execution**: Direct integration with SignalStack for hands-free trading
- ✅ **Risk-Based Position Sizing**: Automatically calculates lot size based on stop distance and account risk
- ✅ **Fibonacci-Based TP/SL**: Uses Fibonacci 0.5 levels for take profit and stop loss
- ✅ **Time Window Filter**: Only trades during active market hours (7AM-7PM Japan Time)
- ✅ **Volume Filter**: Requires volume above 10-day moving average
- ✅ **Single Alert System**: One alert handles both long and short signals
## Strategy Logic
### Entry Conditions
**Long (Buy) Signal:**
- Price crosses above EMA 20, OR
- Price breaks above swing high structure
- AND: Minimum 3 consecutive bull bars (strong momentum)
- AND: Price is above EMA 20 (if EMA filter enabled)
- AND: Volume is above 10-day MA
- AND: Time is within 7AM-7PM JST window
**Short (Sell) Signal:**
- Price crosses below EMA 20, OR
- Price breaks below swing low structure
- AND: Minimum 3 consecutive bear bars (strong momentum)
- AND: Price is below EMA 20 (if EMA filter enabled)
- AND: Volume is above 10-day MA
- AND: Time is within 7AM-7PM JST window
### Stop Loss & Take Profit
- **Long Positions:**
- Take Profit: Fibonacci 0.5 level above entry (`fib_up_0_5`)
- Stop Loss: Fibonacci 0.5 level below entry (`fib_dn_0_5`)
- **Short Positions:**
- Take Profit: Fibonacci 0.5 level below entry (`fib_dn_0_5`)
- Stop Loss: Fibonacci 0.5 level above entry (`fib_up_0_5`)
### Position Sizing
Position size is calculated dynamically based on:
1. **Account Balance**: Your account size in USD (default: $125,000)
2. **Risk Percentage**: Risk per trade (default: 1.0%)
3. **Stop Loss Distance**: Distance from entry to Fibonacci stop level (in pips)
**Formula:**
```
Risk in Dollars = Account Balance × (Risk % / 100)
Stop Loss (pips) = |Entry Price - Stop Loss Price| / Pip Size
Position Size (lots) = Risk $ / (Stop Loss (pips) × $10 per pip per lot)
```
The strategy rounds to 0.01 lot increments (micro lots) for precise position sizing.
## Setup Instructions
### Prerequisites
1. **TradingView Account**: Pro plan or higher (required for webhook alerts)
2. **SignalStack Account**: Active account with connected broker (e.g., OANDA)
3. **SignalStack Webhook URL**: Get this from your SignalStack dashboard
### Step 1: Add Strategy to TradingView
1. Open TradingView and navigate to your chart
2. Click "Pine Editor" (bottom panel)
3. Copy the code from `v2.0_fx_breakout_strategy.md`
4. Paste into Pine Editor
5. Click "Save" and then "Add to Chart"
### Step 2: Configure Strategy Inputs
In the strategy settings panel, configure:
**Technical Parameters:**
- **EMA Length**: Default 20 (trend filter)
- **Swing High/Low Lookback**: Default 7 bars
- **Min Consecutive Bull/Bear Bars**: Default 3 (momentum requirement)
- **Require EMA Filter**: Default `true` (price must be on correct side of EMA)
**Risk Management:**
- **Account Balance (USD)**: Your account size (default: 125,000)
- **Risk Per Trade (%)**: Risk percentage per trade (default: 1.0%)
- **ATR Length**: Default 14 (for informational ATR display)
**Filters:**
- **Volume MA Length**: Default 10 (volume filter period)
- **Enable Webhook Alerts**: Set to `true` for automated trading
- **Alert Frequency**: `once_per_bar_close` (recommended)
- **Asset Label**: Leave empty to use chart symbol, or override if needed
### Step 3: Create TradingView Alert
1. Click the "Alerts" icon (bell) at the top of the chart, or press `Alt+A` (Windows) / `Option+A` (Mac)
2. Click "Create Alert" or the "+" button
3. Select the chart with your strategy
**Alert Configuration:**
**Condition Tab:**
- **Condition**: Select "FX Momentum Breakout Detector" (your strategy name)
- **Trigger**: "Once Per Bar Close" (matches strategy setting)
- **Expiration**: Set as needed (or leave unlimited)
**Notifications Tab:**
- **Webhook URL**: Paste your SignalStack webhook URL
- **Message**: Leave as default (strategy generates JSON automatically)
4. Save the alert with a descriptive name (e.g., "EURUSD Breakout SignalStack")
### Step 4: Verify SignalStack Connection
1. Check your SignalStack dashboard for incoming webhooks
2. Verify the broker connection is active
3. Test with a paper trading account first
For detailed SignalStack setup, see (./SIGNALSTACK_SETUP.md).
## Webhook Payload Format
The strategy sends a JSON payload in SignalStack format. Primary fields:
```json
{
"symbol": "EURUSD",
"action": "buy",
"quantity": 2.78,
"take_profit": 1.0895,
"stop_loss": 1.0805,
"ticker": "EURUSD",
"ticker_id": "OANDA:EURUSD",
"base": "EUR",
"quote": "USD",
"timeframe": "15",
"price": 1.0850,
"ema20": 1.0820,
"range": 0.0050,
"breakout_price": 1.0850,
"fib_up_0_5": 1.0895,
"fib_dn_0_5": 1.0805,
"atr_pips": 25.0,
"stop_loss_pips": 45.0,
"position_size_lots": 2.78,
"risk_dollars": 1250.0,
"signal": "bullish momentum breakout",
"bar_time": "2024-01-15T10:30:00"
}
```
**SignalStack Required Fields:**
- `symbol`: Trading symbol
- `action`: "buy" or "sell"
- `quantity`: Position size in lots
- `take_profit`: Take profit price
- `stop_loss`: Stop loss price
## Testing
Use the included test script to verify webhook integration:
```bash
# Test both Discord and SignalStack
python test_webhook.py
# Test Discord only
python test_webhook.py --discord
# Test SignalStack only
python test_webhook.py --signalstack
```
The test script sends sample payloads matching the strategy format and verifies webhook delivery.
## Configuration Examples
### Conservative Setup (Lower Risk)
- Account Balance: 125,000 USD
- Risk Per Trade: 0.5%
- EMA Length: 20
- Min Bull/Bear Bars: 4
- Require EMA Filter: `true`
### Aggressive Setup (Higher Risk)
- Account Balance: 125,000 USD
- Risk Per Trade: 2.0%
- EMA Length: 15
- Min Bull/Bear Bars: 2
- Require EMA Filter: `false`
### Multiple Currency Pairs
To trade multiple pairs:
1. Add the strategy to each chart
2. Create a separate alert for each pair
3. Use the same SignalStack webhook URL for all alerts
4. SignalStack routes orders based on the `symbol` field
## Time Window Filter
The strategy only trades during **7AM-7PM Japan Time (JST)**, which corresponds to:
- **UTC**: 22:00 (previous day) to 10:00 (same day)
- This covers the Asian and early European trading sessions
To modify the time window, edit the `timeWindowFilter` calculation in the strategy code.
## Position Sizing Examples
### Example 1: EURUSD Long
- Account Balance: $125,000
- Risk: 1.0% = $1,250
- Entry Price: 1.0850
- Stop Loss (fib_dn_0_5): 1.0805
- Stop Distance: 45 pips
- Position Size: $1,250 / (45 pips × $10) = **2.78 lots**
### Example 2: GBPUSD Short
- Account Balance: $125,000
- Risk: 1.0% = $1,250
- Entry Price: 1.2650
- Stop Loss (fib_up_0_5): 1.2700
- Stop Distance: 50 pips
- Position Size: $1,250 / (50 pips × $10) = **2.50 lots**
## Troubleshooting
### Alert Not Triggering
1. **Check Strategy Settings:**
- Ensure "Enable Webhook Alerts" is `true`
- Verify time window (7AM-7PM JST)
- Check volume filter (must be above 10-day MA)
2. **Check Alert Settings:**
- Verify webhook URL is correct
- Ensure alert is active (not expired)
- Check alert frequency matches strategy setting
### Webhook Not Received by SignalStack
1. **Verify URL:**
- Check SignalStack dashboard for correct webhook URL
- Ensure URL is complete (no truncation)
2. **Check Payload Format:**
- SignalStack expects `symbol`, `action`, `quantity`, `take_profit`, `stop_loss`
- Verify these fields are present in the payload
3. **Test Webhook:**
- Use TradingView's "Test Alert" feature
- Check SignalStack logs for incoming requests
- Run `test_webhook.py` to verify format
### OANDA Authentication Error
If you receive a 401 Unauthorized error:
1. **Check OANDA API Token Permissions:**
- Log in to OANDA
- Go to "My Account" > "My Services" > "Manage API Access"
- Ensure token has **Trading** permissions (not just read-only)
2. **Update SignalStack Configuration:**
- Go to SignalStack dashboard
- Navigate to OANDA broker connection settings
- Update API token with a token that has trading permissions
- Verify account ID matches your OANDA account
For detailed troubleshooting, see (./SIGNALSTACK_SETUP.md).
### Position Size Issues
1. **Check Account Balance Input:**
- Verify account balance matches your actual account size
- Ensure risk percentage is appropriate (1% recommended)
2. **Verify Stop Loss Calculation:**
- Stop loss is based on Fibonacci 0.5 level
- Position size automatically adjusts to maintain risk percentage
- Check that pip size is correct for your currency pair
## Files
- **v2.0_fx_breakout_strategy.md**: Pine Script strategy code
- **test_webhook.py**: Python test script for webhook validation
- **SIGNALSTACK_SETUP.md**: Detailed SignalStack configuration guide
- **design.md**: Strategy design notes and considerations
## Risk Disclaimer
⚠️ **Trading forex involves substantial risk of loss. This strategy is provided for educational purposes only.**
- Always test with paper trading before using real funds
- Past performance does not guarantee future results
- Use appropriate risk management (1-2% risk per trade recommended)
- Monitor positions and adjust stop losses as needed
- This strategy does not guarantee profits
## Support
- **SignalStack Documentation**: Check SignalStack's official docs for webhook requirements
- **TradingView Support**: For alert/webhook issues in TradingView
- **Strategy Issues**: Review the strategy code comments for configuration options
## License
This strategy is provided as-is for personal use. Modify and adapt as needed for your trading requirements.
Prop Firm EMA RSI Pullback (HTF Bias)by ShuvoHigher Timeframe (HTF) Bias — The Boss Sets the Rules
Purpose:
You don’t fight institutions. You follow their footprints.
Logic:
Use a Higher Timeframe (usually H4 or D1)
Apply:
EMA 200 (trend ruler)
Optional: EMA 50 for confirmation
Bias Rules:
Bullish Bias
Price above EMA 200
EMA 200 sloping up
Bearish Bias
Price below EMA 200
EMA 200 sloping down
🚫 If price is chopping around EMA 200 → NO TRADE
Prop firms love discipline, not gamblers.
NASDAQ PREDICTION RANGE ADR projection for the US session based on previous Price Action and session
Hazmeed HTF Candles Aligned)HTF Candles Overlay (v6, Aligned + Accurate Wicks)
This indicator overlays higher timeframe candles on your current chart.
It allows you to visually compare HTF price action directly on your lower timeframe chart without switching timeframes.
⭐ Features
Displays Higher Timeframe (HTF) candles on the current chart
Fully aligned to HTF candle start time
Option to show accurate wicks
Supports configurable:
HTF timeframe (e.g., 1D, 4H, 1W)
Number of HTF candles displayed
Candle width (in bars)
Bull/Bear colors and wick color
Previous Day High/Low - by Praveen Sigrohavery helpful tool if you consider previous day high and low important to use as benchmark for the next big move.
ABCD Strategy (v7 Ready)//@version=6
indicator("ABCD Strategy v7 – MTF S/R Filter", overlay=true, max_lines_count=300, max_labels_count=300)
//━━━━━━━━━━━━━━━━━━━━━
// INPUTS
//━━━━━━━━━━━━━━━━━━━━━
pivotLen = input.int(5, "Swing Strength", minval=2)
bcMin = input.float(0.618, "BC Min Fib")
bcMax = input.float(0.786, "BC Max Fib")
cdMin = input.float(1.272, "CD Min Extension")
cdMax = input.float(1.618, "CD Max Extension")
htfTF = input.timeframe("240", "Higher Timeframe (S/R)")
srLookback = input.int(200, "HTF S/R Lookback")
srTolerance = input.float(0.002, "S/R Zone Tolerance (0.2%)")
showSR = input.bool(true, "Show HTF S/R Zones")
showTargets = input.bool(true, "Show Targets")
//━━━━━━━━━━━━━━━━━━━━━
// HIGHER TF SUPPORT / RESISTANCE
//━━━━━━━━━━━━━━━━━━━━━
htfHigh = request.security(syminfo.tickerid, htfTF, ta.highest(high, srLookback))
htfLow = request.security(syminfo.tickerid, htfTF, ta.lowest(low, srLookback))
srHighZoneTop = htfHigh * (1 + srTolerance)
srHighZoneBottom = htfHigh * (1 - srTolerance)
srLowZoneTop = htfLow * (1 + srTolerance)
srLowZoneBottom = htfLow * (1 - srTolerance)
//━━━━━━━━━━━━━━━━━━━━━
// DRAW HTF ZONES
//━━━━━━━━━━━━━━━━━━━━━
if showSR
box.new(bar_index - 5, srHighZoneTop, bar_index + 5, srHighZoneBottom,
bgcolor=color.new(color.red, 85), border_color=color.red)
box.new(bar_index - 5, srLowZoneTop, bar_index + 5, srLowZoneBottom,
bgcolor=color.new(color.green, 85), border_color=color.green)
//━━━━━━━━━━━━━━━━━━━━━
// SWING DETECTION
//━━━━━━━━━━━━━━━━━━━━━
ph = ta.pivothigh(high, pivotLen, pivotLen)
pl = ta.pivotlow(low, pivotLen, pivotLen)
var float A = na
var float B = na
var float C = na
var float D = na
var int Ab = na
var int Bb = na
var int Cb = na
var int Db = na
if not na(pl)
A := B
Ab := Bb
B := C
Bb := Cb
C := low
Cb := bar_index
if not na(ph)
A := B
Ab := Bb
B := C
Bb := Cb
C := high
Cb := bar_index
//━━━━━━━━━━━━━━━━━━━━━
// ABCD LOGIC
//━━━━━━━━━━━━━━━━━━━━━
ab = math.abs(B - A)
bc = math.abs(C - B)
bcFib = bc / ab
validBC = bcFib >= bcMin and bcFib <= bcMax
bull = C > B
cdMinPrice = bull ? C - bc * cdMin : C + bc * cdMin
cdMaxPrice = bull ? C - bc * cdMax : C + bc * cdMax
inDzone = low <= cdMaxPrice and high >= cdMinPrice
//━━━━━━━━━━━━━━━━━━━━━
// MTF STRUCTURE FILTER
//━━━━━━━━━━━━━━━━━━━━━
nearResistance = close <= srHighZoneTop and close >= srHighZoneBottom
nearSupport = close <= srLowZoneTop and close >= srLowZoneBottom
structureOK =
(bull and nearSupport) or
(not bull and nearResistance)
//━━━━━━━━━━━━━━━━━━━━━
// FINAL D CONFIRMATION
//━━━━━━━━━━━━━━━━━━━━━
if validBC and inDzone and structureOK
D := close
Db := bar_index
//━━━━━━━━━━━━━━━━━━━━━
// TARGETS
//━━━━━━━━━━━━━━━━━━━━━
tp1 = bull ? D + math.abs(D - C) * 0.382 : D - math.abs(D - C) * 0.382
tp2 = bull ? D + math.abs(D - C) * 0.618 : D - math.abs(D - C) * 0.618
//━━━━━━━━━━━━━━━━━━━━━
// DRAW PATTERN
//━━━━━━━━━━━━━━━━━━━━━
if not na(D)
line.new(Ab, A, Bb, B, width=2, color=color.blue)
line.new(Bb, B, Cb, C, width=2, color=color.orange)
line.new(Cb, C, Db, D, width=2, color=color.green)
label.new(Db, D, "D (HTF CONFIRMED)", style=label.style_label_down, color=color.yellow)
if showTargets
line.new(Db, tp1, Db + 12, tp1, color=color.green)
line.new(Db, tp2, Db + 12, tp2, color=color.teal)
alertcondition(validBC and inDzone and structureOK,
"ABCD v7 Confirmed",
"ABCD Pattern confirmed at Higher-Timeframe Support/Resistance — wait for price action.")
Wick & Body % with upper wick thresholdA simple indicator to give the sizes of wicks and main body of the last candle as percentage of high - low. No negative figures. If the candle is red, the table will be red and vice versa. Table could be located as per user preference. Upper wick threshold is user defined and will be red beyond the threshold.
No Wick Candle AlertNo Wick Candle Alert is a price-action indicator designed to identify strong momentum candles with no lower wick, signaling decisive buying or selling pressure.
This indicator automatically scans the chart and highlights:
Bullish candles with no lower wick (open = low)
Bearish candles with no lower wick (close = low)
When such a candle appears:
A clear visual marker is plotted slightly away from the candle (so it does not overlap)
An automatic alert is triggered to notify you in real time
🔹 Key Features
Detects true no-wick candles with precision
Works on any market (Forex, Crypto, Indices, Stocks)
Designed for 15-minute timeframe price action (can be adapted)
Non-repainting alerts (confirmed candle close)
Clean and minimal chart display
🔹 How Traders Use It
No-wick candles often indicate strong institutional pressure and can be used for:
Momentum confirmation
Breakout validation
Entry timing in price-action strategies
Confluence with support & resistance or session opens
🔹 Alerts
Once enabled, the indicator sends an alert immediately after the candle closes, allowing you to react without watching the screen.
No Wick Candle AlertNo Wick Candle Alert is a price-action indicator designed to identify strong momentum candles with no lower wick, signaling decisive buying or selling pressure.
This indicator automatically scans the chart and highlights:
Bullish candles with no lower wick (open = low)
Bearish candles with no lower wick (close = low)
When such a candle appears:
A clear visual marker is plotted slightly away from the candle (so it does not overlap)
An automatic alert is triggered to notify you in real time
🔹 Key Features
Detects true no-wick candles with precision
Works on any market (Forex, Crypto, Indices, Stocks)
Designed for 15-minute timeframe price action (can be adapted)
Non-repainting alerts (confirmed candle close)
Clean and minimal chart display
🔹 How Traders Use It
No-wick candles often indicate strong institutional pressure and can be used for:
Momentum confirmation
Breakout validation
Entry timing in price-action strategies
Confluence with support & resistance or session opens
🔹 Alerts
Once enabled, the indicator sends an alert immediately after the candle closes, allowing you to react without watching the screen.
Wick Analysis Chart [LTS]Wick Analysis Chart - Advanced Price Rejection Visualization
Overview
The Wick Analysis Chart is a specialized oscillator that measures and visualizes price rejection strength by analyzing candle wicks relative to their body sizes. Unlike traditional wick analysis that uses raw price differences, this indicator converts wick measurements into percentage ratios, making them comparable across different instruments, timeframes, and market conditions.
The indicator emphasizes significant price rejections by incorporating volume-weighted calculations with selectable scaling methods (linear, logarithmic, or square root), while filtering out noise through multiple customizable filters including ATR-based volatility filtering, wick size thresholds, and doji detection.
What Makes This Original
This indicator combines several unique analytical approaches not commonly found together:
Percentage-based wick ratios rather than absolute price measurements, enabling cross-instrument and cross-timeframe comparisons
Volume weighting applied BEFORE filtering to ensure high-volume rejections aren't excluded
Three distinct volume scaling methods (linear, logarithmic, square root) to accommodate different trading styles and prevent chart compression
Multi-layer filtering system combining ATR volatility thresholds, minimum wick size requirements, and doji detection
Intelligent plot ordering that ensures smaller wick components remain visible when displaying both upper and lower wicks simultaneously
Color-coded rejection direction showing bullish rejections (lower wick dominant) versus bearish rejections (upper wick dominant)
How It Works
Core Calculation
The indicator calculates wick-to-body ratios as percentages:
Total Wick % = (Upper Wick + Lower Wick) / Body Size × 100
Upper Wick % = Upper Wick / Body Size × 100
Lower Wick % = Lower Wick / Body Size × 100
A 200% total wick value means the combined wicks are twice the size of the candle body, indicating strong price rejection.
Volume Weighting
Volume weighting is applied to emphasize rejections that occur on significant volume. The indicator offers three scaling methods:
Linear Scaling: Direct volume multiplier (2x volume = 2x display value). Best for dramatic emphasis on volume spikes. Suitable for scalping and intraday trading where volume surges signal important levels.
Logarithmic Scaling: Diminishing returns on extreme volume using the formula: multiplier = 1 + log(volume ratio). A 10x volume spike produces only ~3.3x emphasis. Best for preventing chart compression while maintaining volume awareness. Ideal for swing trading and multi-timeframe analysis.
Square Root Scaling: Balanced approach using square root of volume ratio. A 4x volume spike produces 2x emphasis. Provides middle ground between linear and logarithmic. Suitable for most day trading applications.
Filtering System
Three independent filters work together to eliminate noise:
ATR Filter: Removes candles whose total range is below a specified percentage of the Average True Range. This filters out low-volatility consolidation periods, focusing analysis on meaningful price movements.
Wick Size Filter: Removes candles whose volume-weighted wick percentage is below the threshold. This ensures only significant rejections are displayed, even if the candle met the ATR requirement.
Doji Filter: Automatically filters candles where the body is smaller than the specified percentage of total range. Doji candles produce extreme wick ratios that can skew the chart scale.
Calculation Flow
1. Calculate base wick-to-body percentages
2. Apply volume weighting using selected scaling method
3. Check ATR filter (if enabled)
4. Check wick size filter using volume-weighted values (if enabled)
5. Check doji filter
6. Display final values if all filters pass
How To Use
Display Configuration
Total Wick Value: Shows combined upper and lower wick size. Color indicates rejection direction - green when lower wick dominates (buyers rejected downside), red when upper wick dominates (sellers rejected upside).
Upper Wick Value: Isolated upper wick measurement. Useful for identifying supply zones and resistance rejection.
Lower Wick Value: Isolated lower wick measurement. Useful for identifying demand zones and support rejection.
When both upper and lower wicks are displayed simultaneously, the indicator automatically plots them in size order so the smaller value remains visible.
Volume Weighting Setup
Enable volume weighting and select your preferred scaling method based on trading style:
Linear: Maximum emphasis on volume, accepts potential chart compression
Logarithmic: Minimal chart compression, subtle volume emphasis
Square Root: Balanced approach for most applications
Adjust Volume Average Length based on your timeframe (shorter for intraday, longer for swing trading).
Filter Configuration
ATR Filter: Start with 80% to focus on above-average volatility moves. Increase to 100%+ for only the most volatile candles, or decrease to 60-70% to include more data.
Wick Size Filter: Start with 50% to show wicks at least half the body size. Increase to 75-100% for only the most significant rejections, or decrease to 25% for more sensitivity.
Doji Threshold: Default 5% works well for most markets. Increase for markets with frequent small-bodied candles.
Reference Levels
100% Line (Equilibrium): Represents 1:1 wick-to-body ratio. Values above this line indicate wicks larger than the body.
Extreme Level: User-defined threshold for alerts. Default 500% means wicks are 5x the body size. Adjust based on your instrument and filter settings with volume weighting enabled.
Trading Applications
Identifying Key Levels: Large wick percentages with high volume often mark important support/resistance levels where significant orders absorbed price movement.
Trend Exhaustion: Increasing wick percentages at trend extremes, especially with declining volume weighting, can signal momentum loss.
Breakout Validation: Breakout candles with small wicks (low percentage values) suggest conviction, while large wicks suggest rejection and potential false breakouts.
Session Analysis: Compare wick percentages across different trading sessions to identify when the most significant rejections occur.
Mean Reversion Setups: Extreme wick percentages above your threshold level, particularly when colored green (bullish rejection) at support or red (bearish rejection) at resistance, can signal high-probability reversal zones.
Alerts
The indicator includes an alert condition that triggers when the total wick value exceeds the extreme level. Configure the extreme level based on your backtesting to match your instrument's characteristics and filter settings.
Settings Summary
Display Options
Show Total/Upper/Lower Wick Value: Toggle visibility
Color selections for bullish/bearish total wicks and upper/lower components
Volume Weighting
Apply Volume Weighting: Enable/disable volume emphasis
Volume Average Length: Period for volume SMA comparison (default: 20)
Volume Scaling Method: Linear/Logarithmic/Square Root
ATR Filter
Apply ATR Filter: Enable/disable volatility-based filtering
ATR Length: Period for ATR calculation (default: 14)
Filter Percent: Minimum candle range as % of ATR (default: 80%)
Wick Size Filter
Apply Wick Size Filter: Enable/disable wick size threshold
Minimum Wick %: Minimum volume-weighted wick percentage (default: 50%)
Advanced
Doji Threshold: Body size as % of range for doji detection (default: 5%)
Reference Levels
Show Reference Levels: Toggle horizontal reference lines
Extreme Level: Threshold for extreme wick values and alerts (default: 500%)
Indicador de Vela de Apertura NY 4HEn 4H muestra la apertura de la vela del horario de nueva york y el cierre de la misma.
