// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/

// © FxCloudTrader

//@version=5

indicator(title="Wick Power Shift")

length_wicks = input.int(10, "Length of wicks", 1, step = 1)

// ------------------------- Lower wick -------------------------

// LowerWickRange() returns the bar's lower wick range, which is the

// distance between the low and open (green bars) or close (red bars).

LowerWickRange() =>

math.min(open, close) - low

// Compute the sma of the lower wick size

avgDownWick = ta.sma(LowerWickRange(), length_wicks)

// Plot the average down wick size with a line

plot(avgDownWick, style=plot.style_columns, color=color.green, title="Average Down Wick")

// ------------------------- Upper wick -------------------------

// UpperWickRange() returns the bar's upper wick range, which is the

// difference between the high and open (red bars) or close (green bars).

UpperWickRange() =>

high - math.max(open, close)

// Compute the sma of the bar's upper wick range

avgUpWick = ta.sma(UpperWickRange(), length_wicks)

// Show the average upper wick size with a line

plot(avgUpWick, style=plot.style_columns, color=color.red, title="Average Upper Wick")