# No-Wick Retest Levels The No-Wick Retest Levels indicator detects price levels formed by candles with little to no wick at the high or low, signaling strong directional momentum. When price returns to these levels, the indicator highlights a retest opportunity, filtered by a 1-minute EMA trend. Once a level is tapped, it manages an ATR-based trade setup with specific take-profit and stop-loss targets. Traders use this tool to identify high-interest zones where momentum was previously exhausted or confirmed. - Indicator in the LuxAlgo Library, by LuxAlgo, published Sep 9, 2026. - Access: free. - Concepts: [Retest](https://www.luxalgo.com/library/concept/retest/) (primary), [Level Interaction Rules](https://www.luxalgo.com/library/concept/level-interaction-rules/) - Open on Vela: https://vela.luxalgo.com/chart?pineScriptCodeId=vaa67khiaw9jej0odezyrsrj - Page: https://www.luxalgo.com/library/indicator/no-wick-retest-levels/ The **No-Wick Retest Levels** indicator identifies market supply and demand imbalances by highlighting candles that exhibit little to no wicks. In technical analysis, candles with minimal wicks on one side often represent strong momentum or exhaustion, suggesting that institutional participants initiated aggressive moves from these points. This indicator automatically plots horizontal levels at the origin of these candles, serving as potential interest zones for future price retests. By incorporating an automated trend filter and ATR based volatility targeting, the indicator assists traders in identifying high probability re-entry opportunities when price returns to these previously untested areas. ## How to Trade the No-Wick Retest Levels? The indicator works by monitoring price action for specific candles that lack a tail or wick. Once identified, a horizontal line is extended across the chart, representing an untapped level. 1. Identify the Levels: The indicator marks these zones with horizontal lines. These levels act as magnetic points where price may react due to the original momentum that created them. 2. Filter for Trend: To maintain alignment with the market, the indicator checks the 1-minute trend using two exponential moving averages. Only levels that align with the current trend direction are considered for potential trades. 3. Observe the Revisit: When the price action returns to a previously untapped level, the indicator evaluates whether the trend filter is still satisfied. If the conditions are met, it triggers a trade entry. 4. Manage with ATR: Upon entry, the indicator draws boxes for take-profit and stop-loss zones. These are calculated using a multiplier of the current Average True Range (ATR), ensuring that your trade management adapts dynamically to current market volatility. ## No-Wick Retest Levels Settings ### No-Wick Levels * **Wick tolerance (ticks)**: Sets the maximum allowed distance, in ticks, between the candle body and its high or low. Use zero for perfectly no-wick candles. * **Recent untapped levels shown**: Limits the maximum number of visible levels on the chart to prevent visual clutter. * **Show yellow level triangles**: Toggles the display of directional markers at the origin of each untapped level. * **Show setup markers**: Enables small triangles above or below candles that qualify as no-wick setups. ### 1-Minute Trend Filter * **Fast EMA length**: Sets the period for the faster moving average used to determine trend momentum. * **Slow EMA length**: Sets the period for the slower moving average to establish the primary trend bias. * **Require close on trend side**: When enabled, the indicator only considers trade entries if the current price closes on the side of the fast EMA that matches the trend. ### ATR Targets * **ATR length**: Determines the period used to calculate volatility for target and stop-loss placement. * **Take profit (ATR)**: Sets the distance for the take-profit target as a multiple of the current ATR. * **Stop loss (ATR)**: Sets the distance for the stop-loss level as a multiple of the current ATR. * **Trade drawings retained**: Determines how many completed trade setups remain visible on the chart history. ## Frequently Asked Questions ### What defines a no-wick candle? A no-wick candle occurs when the open or close is identical to the high or low of the bar, indicating that there was no price retracement during the formation of the candle. This typically signifies strong, unidirectional buying or selling pressure. ### Why are these levels considered important? These levels represent areas where significant market participants entered the market with high conviction. As these zones remain unmitigated, they often attract liquidity when price returns, making them highly effective regions for identifying potential reversals or trend continuations. ### How do the ATR targets function? The indicator uses the Average True Range to measure current market volatility. By basing exit levels on the ATR, the indicator ensures that your stop-loss and take-profit zones are scaled appropriately to the current price environment rather than using static point values. ## Related indicators - [Retest & Break Setup](https://www.luxalgo.com/library/indicator/retest-break-setup/) (Retest): markdown at https://www.luxalgo.com/library/indicator/retest-break-setup.md - [Range Average Retest Model](https://www.luxalgo.com/library/indicator/range-average-retest-model/) (Retest): markdown at https://www.luxalgo.com/library/indicator/range-average-retest-model.md - [Breakouts with Tests & Retests](https://www.luxalgo.com/library/indicator/breakouts-with-tests-retests/) (Retest): markdown at https://www.luxalgo.com/library/indicator/breakouts-with-tests-retests.md - [Long Wick Detector](https://www.luxalgo.com/library/indicator/long-wick-detector/) (Level Interaction Rules): markdown at https://www.luxalgo.com/library/indicator/long-wick-detector.md - [POC Sweep Reclaim](https://www.luxalgo.com/library/indicator/poc-sweep-reclaim/) (Level Interaction Rules): markdown at https://www.luxalgo.com/library/indicator/poc-sweep-reclaim.md - [Significant Breakout Levels (FVG)](https://www.luxalgo.com/library/indicator/significant-breakout-levels-fvg/) (Breakout): markdown at https://www.luxalgo.com/library/indicator/significant-breakout-levels-fvg.md - [Gap Fill Breakouts](https://www.luxalgo.com/library/indicator/gap-fill-breakouts/) (Breakout): markdown at https://www.luxalgo.com/library/indicator/gap-fill-breakouts.md - [9:30 AM 15m Fib Breakout](https://www.luxalgo.com/library/indicator/9-30-am-15m-fib-breakout/) (Breakout): markdown at https://www.luxalgo.com/library/indicator/9-30-am-15m-fib-breakout.md --- Source: https://www.luxalgo.com/library/indicator/no-wick-retest-levels/ (LuxAlgo Library). Free to use with attribution: https://www.luxalgo.com/library/license/