Wick Commander is a trading indicator designed to identify confirmed market breakouts by analyzing candle closes beyond the previous candle’s high or low. Unlike traditional candle watchers that may be misled by wick spikes, this tool focuses on price commitment demonstrated by a full candle close outside the prior range.
Key features include:
- Real-time dynamic lines on the chart: a green line marking the previous candle’s high (buy threshold) and a red line marking the previous candle’s low (sell threshold).
- Buy signals trigger when a bullish candle closes above the previous high; sell signals trigger when a bearish candle closes below the previous low.
- Visual cues include arrows indicating buy or sell signals and a dashboard panel displaying current market status (BUY, SELL, WAIT) with exact trigger prices.
- A large status display provides an at-a-glance market bias.
- Historical signal overlay allows backtesting up to 5000 bars.
- Customizable display options for arrow distance, colors, and fonts.
- Operates on any timeframe and instrument without external data or internet connection.
- Supports toggle between closed-candle confirmation and live-candle mode with zero repaint logic when confirmation mode is enabled.
Wick Commander is suited for breakout and momentum traders seeking clear, rules-based signals based on candle close confirmations across markets including forex, indices, commodities, stocks, and cryptocurrencies.