The Candle Wicks Length Indicator is a specialized MetaTrader tool designed to measure and display candle wick lengths directly on the chart. It shows the exact size of upper and lower wicks in pips or percentage points, allowing traders to quickly identify strong price rejections and potential market pressure.

This indicator is particularly useful for trading strategies that rely on price action, pin bars, rejection candles, and support and resistance analysis. By clearly labeling wick lengths, traders no longer need to estimate candle behavior visually — the indicator provides precise numerical values.

The Candle Wicks Length Indicator works seamlessly with both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and supports a wide range of alert options.

How the Indicator Works
The indicator analyzes each candle and calculates the length of:

• The upper wick (high to body)
• The lower wick (body to low)

Only wick lengths that meet user-defined conditions are displayed. Traders can choose to:

• Display wicks greater than or equal to a specified limit
• Display wicks less than or equal to a specified limit

This flexibility allows the indicator to be adapted for various trading styles, from detecting strong rejection candles to identifying low-volatility price behavior.

Key Features

• Displays exact wick lengths directly on the chart
• Supports measurements in pips or percentage points
• Allows filtering by minimum or maximum wick size
• Works with closed candles only or real-time candles
• Offers sound, visual, email, and push notification alerts
• Optional display of average wick size for market comparison

Input Parameters
The indicator includes extensive customization options:

Measurement & Display

• Units (default: Pips) – Measure wick length in pips or percentage
• DisplayWickLimit (default: 5) – Minimum wick size to display
• DisplayHighWickColor – Color of upper wick labels
• DisplayLowWickColor – Color of lower wick labels
• LessThan – Display wicks less than or equal to the limit

Alert Settings

• UpperWickLimit / LowerWickLimit – Wick size thresholds for alerts
• AlertOnLimit – Trigger alerts when wick size exceeds limits
• AlertOnEqualTopBottomWicks – Alert when upper and lower wicks are equal
• WaitForClose – Wait for candle close before analysis

Supported alert types

• Sound alerts
• MetaTrader visual pop-up alerts
• Email alerts
• Push notifications

Advanced Filters

• TopBottomPercent – Display wick values only when candle body is located near the top or bottom of the candle
• IgnoreAlertsOnFirstRun – Prevents unnecessary alerts when attaching the indicator

Average Wick Size

• ShowAverageWickSize – Displays average wick size
• AvgCandles – Number of candles used for averaging
• AverageWickSizeColor – Color of the average display
• Corner, Distance_X, Distance_Y – Positioning controls

Practical Usage
Long upper wicks often indicate selling pressure, especially during downtrends, while long lower wicks suggest buying pressure and are commonly seen in uptrends. By quantifying wick lengths, this indicator helps traders objectively assess market sentiment and refine entry or exit decisions.

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