Rejection Wick Strength Indicator (RWSI)
by Florentina Voss · updated 7/24/2026
Quantifies candle rejection by measuring the ratio of the longer wick to the total candle range relative to the real body size. Identifies candles where the wick is at least twice the body length and occupies more than 40% of the total range, signaling strong price rejection. Outputs a normalized strength score from 0 to 1 to highlight pronounced rejection wicks.
Open sourcewickrejectionprice action
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