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A long wick on the daily chart: read it again when price comes back

PulseFlow Order Flow Confirmation reads yesterday's daily candle; PulseFlow Breakout Delta shows who controls today's tests of its high and low.

Back at yesterday's high

Yesterday's daily candle ran up, fell back and closed well below its high, leaving a long upper wick. This morning price is climbing toward that high again. You have seen both endings: the level holds and price turns, or the wick was only a pause and the level gives way.

Before you decide, read that level on two charts. On the daily, PulseFlow Order Flow Confirmation shows what happened inside yesterday's candle. On the intraday chart, PulseFlow Breakout Delta shows who is in control now that price is back. Both read the footprint: the buying and selling volume traded at each price inside a candle.

Order Flow Confirmation: what yesterday's candle left behind

When a candle closes, Order Flow Confirmation can mark absorption: aggressive buying or selling that pushed while price would not follow. An orange triangle above the candle means buying was absorbed. A turquoise one below means selling was absorbed. It is a first reading.

The second reading may never come. A large arrow appears only if the next candle confirms, with order flow and price moving the other way. On a daily chart the next candle is today's, so the arrow can only appear at today's close.

Breakout Delta: who shows up at yesterday's high

Breakout Delta draws the previous day's high and low on your intraday chart and colors every candle that tests them, on a scale from strong buying to strong selling. The color shows who dominated that contact, not which way the candle moved: a green candle can still reveal that sellers were in control. Breakout Delta has no alerts. It will not call you when price gets there; you have to look.

Reading them together: a hypothetical day

Picture yesterday's daily candle with that long upper wick and an orange triangle above it: buying pushed and price did not follow. No arrow yet. That depends on how today closes.

Now switch to the intraday chart. Price climbs back to yesterday's high. If the candles touching it land on the selling end of the scale, the intraday footprint points the same way as yesterday's triangle. If they land on the buying end, buyers are still active there, and the triangle may have less support. If they stay in the middle of the scale, price touched the level quietly or neither side clearly took control: the intraday chart neither backs the triangle nor contradicts it.

Either way, the daily question stays open until today's candle closes. Then Order Flow Confirmation draws its arrow or it does not. At yesterday's low the sequence runs in reverse: a turquoise triangle below the daily candle, then the colors at that low.

Two charts of the same symbol

The two indicators are built for different timeframes. Order Flow Confirmation works best on daily and higher charts with its default settings; Breakout Delta works on standard intraday charts. So open two charts of the same symbol side by side, or switch between them.

Check one thing first: Breakout Delta's levels should match the daily candle you are reading. It can use the symbol's previous day or a session you define with your own hours and time zone, and a custom session may give a different high and low.

A simple routine: after the daily close, check the last candle for a triangle; Order Flow Confirmation's absorption alerts can tell you when one appears. Then, during the next day, watch the colors at yesterday's high or low.

What you need

Both need a TradingView Premium or Ultimate plan for the footprint data. Prices for PulseFlow indicators are not active for now: details are in the pricing section.

The volume comes from TradingView's footprint classification, not from an order book or identified traders. Older candles carry less footprint detail, so marks and colors on past candles may not match what you would have seen live.

What you see with both

Without indicators, the daily chart shows you a wick and the intraday chart shows price back at yesterday's high. With these two indicators you see what that wick was made of and who meets price at its tip today, and your attention stays on the level where yesterday's footprint and today's activity meet. What price does from there is still up to the market.

Look at how each indicator draws its readings on its own page.