Wick Skew 14Microstructure

Timeframe M1 · unit ratio

What it measures

Difference between average upper-wick ratio and average lower-wick ratio over 14 bars. A positive value means upper wicks dominate (overhead rejection); negative means lower wicks dominate (floor absorption).

How Janira reads it (bullish vs bearish)

Near zero: wicks are symmetric - no directional wick bias. Positive (upper > lower): more rejection above than below. Negative (lower > upper): more rejection below than above.

In plain language

This measures whether candles are mostly battling at their tops or at their bottoms. If the score is negative, most candles tried to go lower but were pushed back up - a sign that downside probes are being absorbed.

Scenarios

• Wick skew above +0.2: candles have significantly more overhead rejection than downside tails - selling pressure dominates the wick structure.
• Wick skew below −0.2: candles have significantly more downside absorption tails - buying interest is consistently defending the lows.
• Wick skew near zero with high body ratio: clean directional candles with little wick conflict - smooth trend-like price action.
• Wick skew near zero with low body ratio: mixed wicks on both sides - characteristic of a compressed, range-bound market.

More microstructure indicators

Janira computes Wick Skew 14 deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.