Gold Wick Enhanced

Gold Wick Enhanced – Indicator Description

Gold Wick Enhanced is a smart price-action indicator designed to detect strong wick formations (candlestick rejections) and highlight potential reversal zones, especially useful for Gold (XAUUSD) and lower timeframes.

The indicator analyzes candle structure by measuring:

Upper and lower wick size

Candle body size

Wick-to-body strength ratio

This helps traders identify areas where liquidity grabs and price rejection may occur.

Key Features
✅ 1) Strong Wick Detection

Automatically detects candles with unusually long upper or lower wicks compared to the candle body, signaling possible market rejection and reversal behavior.

✅ 2) Buy & Sell Wick Signals

Displays clear on-chart signals:

BUY Wick when a strong lower wick appears (possible bullish reversal)

SELL Wick when a strong upper wick appears (possible bearish reversal)

✅ 3) Wick Zone Boxes

The indicator automatically draws price boxes around important wick levels to mark potential support/resistance zones where price may react again.

✅ 4) Confirmation Filter

Includes an optional candle confirmation mode to reduce false signals by only triggering signals after the candle is fully closed.

✅ 5) Optional Volume Filter

A volume confirmation option is available, allowing signals only when volume is above the average, improving signal quality during active market conditions.

✅ 6) Golden Wick Alerts

Special “Golden Wick” conditions are detected when wick behavior becomes extremely strong, helping traders identify high-probability reversal moments.

Best Use

This indicator performs best on:

XAUUSD (Gold)

Lower timeframes (1m, 3m, 5m)

Volatile market sessions (London / New York)

Disclaimer

This indicator is a technical tool and does not guarantee profitable trades. Always combine it with proper risk management and confirmation strategies.