scarf

Wick Delta Buy/Sell Pressure

If you think of a perfect doji candle, where the wicks on top and bottom are exactly the same, that's a candle with a delta of 0. What this indicator does is show the delta/difference between wicks, if the top wick is longer than the bottom wick it show's sell pressure/bear interest, which is displayed as a red bar and vice versa for buy/bull pressure, which is shown as green bars. I added arrows for clarity.

It's a different way of visualising wicks, which can clarify sentiment and be a useful way to understand wicks better in general. One way to use it is to look for clusters of 3/4 larger bars in a row, which generally helps to determine future direction especially when seen at important levels.
Notas de Lançamento: Updated to highlight the bigger/more important wicks
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Comentários

You have such a good ideas and you are capable to express them. Thank you
+2 Resposta
Appreciated your effort and generosity scarf =D
+2 Resposta
i like how you think...!tx!
+1 Resposta
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