Wyckoff Accumulation / Distribution Detector (v3)

🌱 Spring (Bullish Wyckoff Signature)
🧠 Definition

A Spring happens when price dips below a well-defined support level, usually near the end of an accumulation phase, then quickly reverses back above support.

This is not ordinary volatility — it's usually intentional by large operators (“Composite Man”) to:

Trigger stop-losses of weak holders

Create the illusion of a breakdown to scare late sellers in

Absorb all remaining supply at low prices

Launch the next markup leg once weak hands are flushed out

🧭 Typical Spring Characteristics
Feature Behavior
Location Near the bottom of a trading range after a decline
Price Action Temporary breakdown below support, then sharp reversal above
Volume Usually low to average on the break, indicating lack of real selling pressure. Sometimes a volume surge on the reversal as strong hands step in
Candle Often shows a long lower wick, closes back inside the range
Intent Shakeout of weak holders, allow institutions to accumulate more quietly
📈 Why It's Bullish

Springs typically mark the final test of supply. If price can dip below support and immediately recover, it means:

Selling pressure is exhausted (no follow-through)

Strong hands are absorbing remaining shares

A bullish breakout is often imminent

🪤 Upthrust (Bearish Wyckoff Signature)
🧠 Definition

An Upthrust is the mirror image of a Spring. It happens when price pokes above a resistance level, usually near the end of a distribution phase, but then fails to hold above it and falls back inside the range.

This is typically smart money distributing to eager buyers:

Late breakout traders pile in

Institutions sell into that strength

Price collapses back into the range, trapping breakout buyers

🧭 Typical Upthrust Characteristics
Feature Behavior
Location Near the top of a trading range after a rally
Price Action Temporary breakout above resistance, then quick reversal down
Volume Frequently low on the breakout, suggesting a lack of real buying interest — or sometimes high but with no progress, showing hidden selling
Candle Often shows a long upper wick, closes back inside the range
Intent Trap breakout buyers, provide liquidity for institutional sellers to unload near highs
📉 Why It's Bearish

Upthrusts show demand failure and supply swamping:

Buyers cannot sustain the breakout.

The sharp reversal signals large players are exiting.

Typically precedes markdown phases or sharp declines.



📝 Trading Implications

Spring → Often followed by a sign of strength rally → good long entry if confirmed with volume expansion and follow-through.

Upthrust → Often followed by a sign of weakness → short setups, especially if the next rally fails at lower highs.



The script looks for:

🌱 Spring:

Price makes a low below recent pivot support,

Closes back above,

Does so on low volume → likely a shakeout.

🪤 Upthrust:

Price makes a high above recent pivot resistance,

Closes back below,

On low volume → likely a bull trap.