Indicators
Every trading indicator, explained in plain English
WickSpeak has 134 indicators: 118 standard ones plus 16 extra WickSpeak versions of oscillators. Each one writes a plain-English reading on the live candle: what it is, what it is doing now, how to trade it and what proves it wrong. Pick one below to learn how it works.
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Trend 13
ATR trailing stopAn ATR trailing stop sits a multiple of the average true range away from price, by default 2.5 times the 14 candle ATR...AlligatorThe Williams Alligator is three smoothed moving averages of the candle midpoint: the jaw (13 candles, shifted 8...Chandelier ExitThe Chandelier Exit is a trailing stop placed 3 times the average true range (ATR) below the highest high of the last...EMA ribbonAn EMA ribbon draws several exponential moving averages at once, by default six of them from 10 to 60 in steps of 10...Heikin Ashi overlayThe Heikin Ashi overlay plots the Heikin Ashi close, the average of each candle's open, high, low and close, as a line...Ichimoku CloudThe Ichimoku Cloud is a full trend system: a conversion line (9 candles), a base line (26), and a cloud formed by two...Linear Regression (LRI)The Linear Regression Indicator (LRI) fits a best fit straight line through the last 14 closes and plots the point...MA crossA moving average crossover draws a fast and a slow average, by default the 50 and 200 period exponential moving averages.Moving averageA moving average is the average price of the last so many candles, redrawn on every new candle so it forms a smooth...Parabolic SARParabolic SAR (stop and reverse) is a trail of dots that follows price and flips to the other side when the trend turns.SupertrendSupertrend is a line that trails price by a multiple of ATR (average true range) and flips to the other side when price...Typical price lineThe typical price line plots one value per candle: (high + low + close) divided by 3 by default.WickSpeak higher timeframe candlesWickSpeak higher timeframe candles draw the candles of a bigger timeframe, 15 minutes by default, faintly behind your...
Momentum 33
ADX / DMIThe Average Directional Index (ADX) measures how strong a trend is, not which way it is going, on a scale of 0 to 100...Accelerator OscThe Accelerator Oscillator (AC), by Bill Williams, is the Awesome Oscillator minus its own 5 period average, so it...AroonThe Aroon indicator has two lines from 0 to 100: Aroon Up shows how recently price made its highest high in the last 25...Aroon OscillatorThe Aroon Oscillator is Aroon Up minus Aroon Down over 25 candles, giving one line from -100 to +100.Awesome OscillatorThe Awesome Oscillator (AO) is the 5 candle simple average of each candle's midpoint minus the 34 candle average, drawn...Balance of PowerBalance of Power (BOP) measures the candle body against the candle range: (close minus open) divided by (high minus...CCIThe Commodity Channel Index (CCI) measures how far the typical price is from its own 20 period average, scaled so most...Chande MomentumThe Chande Momentum Oscillator (CMO) compares the total of up moves with the total of down moves over the last 14...Connors RSIConnors RSI (CRSI) averages three parts: a 3 period RSI of price, a 2 period RSI of the up or down streak length, and...Coppock CurveThe Coppock Curve is a 10 period weighted moving average of the 14 period and 11 period rates of change added together.Detrended priceThe Detrended Price Oscillator (DPO) compares the close with a 20 period simple average taken from 11 candles earlier...Dollar index correlationThe dollar index correlation indicator measures how closely your chart's candle by candle moves match the US dollar...Elder RayElder Ray, by Alexander Elder, measures bull power (the candle high minus a 13 period EMA) and bear power (the candle...Fisher TransformThe Fisher Transform, by John Ehlers, converts the position of price within its recent 9 candle range into a line with...Gator OscillatorThe Gator Oscillator, by Bill Williams, shows the gaps between the three Alligator lines as two histograms: the top...Know Sure ThingThe Know Sure Thing (KST), by Martin Pring, adds together four smoothed rates of change (10, 15, 20 and 30 candles)...MACDMACD (moving average convergence divergence) is the 12 period EMA minus the 26 period EMA, with a 9 period EMA of that...MomentumThe momentum indicator is simply the latest close minus the close a set number of candles ago, 10 by default, measured...Percentage price oscThe Percentage Price Oscillator (PPO) is the gap between a 12 and a 26 period exponential average, divided by the 26...QstickQstick is the average of (close minus open) over the last 10 candles.RSIThe RSI (Relative Strength Index) scores recent gains against recent losses on a scale of 0 to 100, using 14 candles by...Rate of changeRate of change (ROC) shows how far price has moved, in percent, compared with 12 candles ago.Regression slopeThe linear regression slope is the steepness of the best-fit straight line through the last 20 closes, measured in...Relative Vigor IndexThe Relative Vigor Index (RVI) compares each candle's body (close minus open) with its range (high minus low), smoothed...StochasticThe stochastic oscillator shows where the latest close sits within the high to low range of the last 14 candles, from 0...Stochastic Momentum IndexThe Stochastic Momentum Index (SMI), by William Blau, measures where the close sits relative to the middle of the...Stochastic RSIStochastic RSI measures where RSI sits within its own range over the last 14 candles, giving a fast 0 to 100 reading...TRIXTRIX is the one-candle percentage change of a closing price that has been smoothed by three exponential averages in a...True Strength IndexThe True Strength Index (TSI) is price change smoothed twice (by 25 then 13 candles) and divided by the absolute price...Ultimate OscillatorThe Ultimate Oscillator measures buying pressure over three windows at once, 7, 14 and 28 candles, and blends them with...VortexThe Vortex indicator plots two lines over 14 candles: VI+ measures upward movement and VI- measures downward movement...WaveTrendWaveTrend is an oscillator built from the typical price's distance from its 10 period average, smoothed over 21...Williams %RWilliams %R shows where the latest close sits within the highest high and lowest low of the last 14 candles, on a scale...
Bands 7
Bollinger BandsBollinger Bands are a 20 period simple moving average with a band 2 standard deviations above and below it, so the...Donchian ChannelThe Donchian Channel draws the highest high and the lowest low of the last 20 candles, with a middle line halfway...Envelope %Moving average envelopes are two lines set a fixed percentage above and below a moving average, by default a 20 period...Gaussian ChannelThe Gaussian Channel is a very smooth trend line built with a Gaussian filter (period 144, 4 poles by default) on the...Keltner ChannelThe Keltner Channel is a 20 period EMA with a band 2 x ATR (average true range, measured over 10 candles) above and...Regression channelA linear regression channel is a straight best-fit line drawn through the last 100 closing prices, with an upper and...STARC bandsSTARC bands (Stoller Average Range Channel) are lines 2 times the 15 candle average true range above and below a 6...
Volatility 12
ATRATR (average true range) is the average size of a candle over the last 14 candles, including any gaps, measured in...Average daily rangeThe average daily range (ADR) is the average distance from high to low over recent days, using 14 complete days by...Bollinger %BBollinger %B shows where the close sits inside the Bollinger Bands (20 period average, 2 standard deviations wide): 0...Bollinger bandwidthBollinger bandwidth measures how wide the Bollinger Bands are as a percentage of the middle band, using 20 periods and...Chaikin VolatilityChaikin Volatility shows whether candles are getting bigger or smaller than they were, as a percentage change, using 10...Choppiness IndexThe Choppiness Index measures whether a market is trending or going sideways on a scale of 0 to 100, using 14 candles...Historical volatilityHistorical volatility is the standard deviation of each candle's percentage change over the last 20 candles, scaled up...Mass IndexThe Mass Index watches candle ranges widen and then narrow, summing a ratio over 25 candles by default.Squeeze MomentumSqueeze Momentum shows when a market is coiled up tight and which way it is pushing when it lets go.Standard deviationThe standard deviation indicator shows how spread out recent closes are around their average, using 20 candles by...Ulcer IndexThe Ulcer Index measures how deep and how long recent drops from a high have been, using 14 candles by default.Vertical Horizontal FilterThe Vertical Horizontal Filter (VHF) tells a trending market from a ranging one, using 28 candles by default.
Volume 20
Accumulation / DistributionThe Accumulation/Distribution (A/D) line, by Marc Chaikin, is a running total of volume, added when candles close near...Chaikin Money FlowChaikin Money Flow (CMF) adds up how strongly each of the last 20 candles closed near its high or low, weights that by...Chaikin OscillatorThe Chaikin Oscillator is the 3 period EMA of the Accumulation/Distribution line minus its 10 period EMA.Distance from VWAPDistance from VWAP shows how far price is from the volume weighted average price (VWAP) as a percentage.Ease of MovementEase of Movement (EOM), by Richard Arms, compares how far the middle of each candle moved with how much volume it took...Force IndexThe Force Index multiplies each candle's price change by its volume, then smooths it with a 13 period exponential...Klinger OscillatorThe Klinger Oscillator (KVO), by Stephen Klinger, turns volume into 'volume force', counted positive when the candle's...Market profile (per session)Market profile shows where most trading happened in each session.Money Flow IndexThe Money Flow Index (MFI) works like the RSI but weights each move by volume, giving a reading from 0 to 100 over 14...Negative Volume IndexThe Negative Volume Index (NVI) only changes on candles where volume is lower than the candle before, and then moves by...On-balance volumeOn-balance volume (OBV) adds a candle's volume to a running total when it closes up and subtracts it when it closes down.Percentage volume oscThe Percentage Volume Oscillator (PVO) is MACD applied to volume: it shows the gap between a 12 period and a 26 period...Positive Volume IndexThe Positive Volume Index (PVI) only changes on candles where volume is higher than the candle before, moving by that...Price Volume TrendPrice Volume Trend (PVT) is a running total that adds each candle's volume multiplied by its percentage price change.Relative volumeRelative volume (RVOL) divides this candle's volume by the average of the last 20 candles, so 1 is normal and 2 is...Rolling VWAPRolling VWAP is the volume weighted average of the typical price over the last 200 candles by default, recalculated on...VWAPVWAP (volume weighted average price) is the average price traded since the start of the day, weighted by how much was...VolumeThe volume indicator shows how much traded in each candle as a bar under the chart, green on up candles and red on down...Volume OscillatorThe Volume Oscillator shows the gap between a 5 period and a 20 period average of volume as a percentage of the 20...Volume profile (visible)A volume profile is a sideways histogram showing how much traded at each price across the candles on screen.
Flow 2
Levels 9
Darvas boxesA Darvas box frames the recent trading range between a top and a bottom, and the trade is a close above the top.FractalsA fractal marks a candle whose high is higher than the 2 candles either side (an up fractal) or whose low is lower than...Opening rangeThe opening range is the high and low price set in the first part of the trading day, 60 minutes by default in...Pivot pointsPivot points are support and resistance levels worked out from the previous period's high, low and close.Previous day high / lowThe previous day high (PDH) and previous day low (PDL) are the highest and lowest prices of the last full trading day...Previous week / month levelsThis indicator marks the high and low of the last completed week (PWH and PWL) and, if you choose, the last completed...Round number levelsRound number levels are prices ending in clean figures, such as a whole hundred on gold or a whole thousand on US30...Session separatorsSession separators draw a vertical line on the chart at the start of each new day, week or month, chosen with one...ZigZagThe ZigZag indicator joins swing highs and swing lows with straight lines and ignores any move smaller than a set swing...
Fibonacci 6
Andrews' PitchforkAndrews' Pitchfork is a channel drawn from three swing points: a median line from the first swing through the midpoint...Elliott Wave (auto count)The Elliott Wave auto count finds the swings on your chart and tests them against Elliott's three hard rules: wave 2...Fibonacci fanThe Fibonacci fan draws five diagonal lines from the start of the last swing, passing through the 23.6%, 38.2%, 50%...Fibonacci retracementFibonacci retracement marks how far a pullback has come back through the last swing, at 23.6%, 38.2%, 50%, 61.8% and...Gann fanThe Gann fan draws nine lines from a swing point at set angles: 1x8, 1x4, 1x3, 1x2, 1x1, 2x1, 3x1, 4x1 and 8x1.Harmonic patternsHarmonic patterns are five point shapes (X, A, B, C, D) whose legs line up with set Fibonacci ratios.
Structure 9
Candlestick patternsThe candlestick patterns tool finds and names patterns such as engulfing, hammer, doji, star, harami, marubozu and...Chart patternsThe chart patterns tool reads the last 7 swings and draws head and shoulders, double tops and bottoms, triangles and...Divergence finderThe divergence finder compares swing highs and lows on price with the same swings on RSI (14 by default), MACD, CVD...Fair value gapsA fair value gap (FVG) is a three candle pattern where the first candle's high and the third candle's low do not...Liquidity (equal highs / lows)The liquidity tool marks equal highs and equal lows, pairs of swing points within 0.15% of each other, because many...Market structure (BOS / CHoCH)The market structure tool labels every swing as a higher high (HH), higher low (HL), lower high (LH) or lower low (LL)...Order blocksAn order block is the last candle that went the opposite way before a strong move, marked as a demand zone (before a...Pattern scanner (146 patterns)The pattern scanner looks for 146 patterns: 70 candlestick, 28 price action, 30 chart and 18 harmonic.Premium / discount zonesPremium and discount zones split the last swing in half: the top half is premium, the bottom half is discount, and the...
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