Jiggle Cookie

A compact indicator that spots fast intraday scalping opportunities by detecting fake breakouts and wicks around local highs or lows. It calculates a short-term price range to estimate stop/target levels, then flags potential entries with on-chart labels and optional alerts. When a candle’s wick extends beyond the identified micro-range (but snaps back), the script issues a reversal signal and plots suggested stop-loss and take-profit dots for handy risk management. Perfect for traders who enjoy catching those short bursts of volatility while keeping a tight handle on risk and reward.