This indicator, called the "Wick Momentum Indicator" (WMI), helps to gauge price momentum by comparing the total length of upper and lower wicks of a certain number of candlesticks. The indicator turns green when there is a bullish momentum (total length of lower wicks is greater than that of upper wicks) and turns red when there is a bearish momentum (total length of upper wicks is greater than that of lower wicks).
