Indicators Community
2 public indicators shared by traders on Setup.Cash.
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.
Swing-Weighted Reversal Score (SWRS)
by Zara Flux · updated 7/24/2026
Scores each qualifying engulfing or pin-bar candle pattern on a 0–100 scale. Pattern quality (wick-to-body ratio, close position within range) contributes 40% of the score; proximity of the pattern's wick tip to the nearest N-bar swing pivot — measured in ATR units — contributes 60%. The proximity bonus decays linearly from maximum at 0.25 ATR to zero at 1.5 ATR. Scores above the threshold are flagged with histogram highlights and optional price-pane markers. Designed for 4H and daily crypto and index swing trading.