BarWickSignal
Detects bars with a significant wick (shadow) on one side and a close at the opposite extreme, indicating price rejection.
Namespace: MZpack.NT8.Algo.Signals
Inheritance: BarWickSignal : Signal
Data source: Level1 | Calculate: OnBarClose
Source: [INSTALL PATH]/API/Signals/BarWickSignal.cs
Parameters
| Name | Type | Default | Description |
|---|---|---|---|
MinWickTicks | int | — | Minimum wick size in ticks to qualify |
Signal Logic
| Direction | Condition |
|---|---|
| Long | Close == High and lower wick (Open − Low) >= MinWickTicks ticks |
| Short | Close == Low and upper wick (High − Open) >= MinWickTicks ticks |
A Long signal indicates a bullish rejection bar (pin bar) where price closed at the high with a long lower shadow. A Short signal indicates the opposite.
Example
var signal = new BarWickSignal(strategy);
signal.MinWickTicks = 8;
pattern.Signals.Root.Add(signal);