Wyckoff Smart Money Pro [MTF]Wyckoff Smart Money Pro detects trading ranges, phases, and events from the Wyckoff method and confirms them with VSA (Volume Spread Analysis), divergence checks, and a composite “smart money” strength index. It generates optional buy/sell signals only when multiple conditions align (phase, VSA, CO strength, effort vs. result, time/volume filters). The dashboard, POC/Value Area, and MTF backdrop help you manage context and risk in real time.
What this indicator does
Wyckoff Smart Money Pro is a multi-timeframe Wyckoff tool that:
⦁ Finds accumulation/distribution ranges and tracks Phases A–E.
⦁ Labels Wyckoff events (PS, SC, AR, ST, Spring/Test, SOS, LPS, UTAD, SOW, LPSY, TS…) and VSA patterns (No Demand/Supply, Stopping Volume, Upthrust, etc.).
⦁ Computes a Composite Operator (CO) Strength score from price/volume behavior to approximate “smart money” bias.
⦁ Adds divergence, effort vs. result, and a volume profile (POC & 70% value area) inside the detected range.
⦁ Provides buy/sell signals only when a configurable confluence is present (events + VSA + CO + EVR + phase + filters).
⦁ Supports MTF context (with a safe HTF resolver and fallbacks) and an Info Dashboard to summarize the current state.
It is designed to make the Wyckoff workflow visual and rules-based without promising results or automating decisions.
How it works (methods & calculations)
1) Range & Phase model
⦁ A sliding lookback searches for a valid range (recent highest high/lowest low), requiring width within 2–10× ATR(14) and a minimum bar count inside the bounds.
⦁ Once a range is active, the script derives Creek/Ice/Mid/Quartiles and classifies bars into Wyckoff Phases A–E using event recency (barssince) and where price sits relative to the range.
⦁ The background color reflects the current Phase; optional MTF events (from the chosen HTF) tint the background lightly for higher-timeframe context.
2) Wyckoff & VSA event engine
⦁ Events include PS, SC, AR, ST, Spring, Test, SOS, LPS, PSY, BC, UTAD, SOW, LPSY, TS, plus minor/multiple variants and Creek/Ice jumps.
⦁ VSA patterns detect No Demand/No Supply, Stopping Volume, Buying/Selling Climax, Upthrust/Pseudo Upthrust, Bag Holding, Shake-Out, Volume Dry-Up, etc., from spread vs. average spread and volume vs. average volume with tunable thresholds.
3) Smart-money (CO) Strength
⦁ CO Strength (0–100) blends: relative volume on up/down bars, professional accumulation/distribution, no-supply/no-demand, stopping volume, Springs/UTADs and Tests, SOS/SOW, price’s position inside the range, and volume-delta vs. its MA.
⦁ Persistent accumCount / distCount counters smooth temporary noise.
4) Divergence & Effort-vs-Result
⦁ Price vs. cum volume-delta divergence highlights weakening pushes.
⦁ EVR flags “High effort / no result” and potential Bullish/Bearish reversals, or “Low effort / high result” moves that are often unsustainable.
5) Volume Profile (inside range)
⦁ A 50-bin profile accumulates volume across the detected range to derive POC, VAH/VAL (70% value area). Lines update as the active range evolves.
6) Multi-Timeframe (MTF) safety
⦁ getHTF() converts your multiplier to a valid Pine timeframe string (e.g., 60, 240, 2D, 1W), and the script falls back to current timeframe values if an HTF request returns na.
⦁ If you enter a Custom HTF, it must be strictly higher than the chart’s timeframe (validated at runtime).
7) Signals & risk model
⦁ Signals are not tied to any single pattern. A buy may require Spring/Test/Shake-out/Creek Jump or SOS plus confirmation (VSA, CO>60, Phase C/D, divergence/EVR context).
⦁ Sell is symmetrical (UTAD/Failed Spring/SOW/Ice Jump + VSA + CO<40 + Phase C/D).
⦁ Minimum confidence is configurable; SL/TP and R:R lines are drawn from range edges or recent bar extremes.
⦁ Filters: trading hours, weekend avoidance, and a minimum volume threshold (relative to average) are available to suppress low-quality contexts.
⦁ Alerts include all major events, divergences, structure/phase changes, and the gated Buy/Sell signals (with a cooldown to reduce alert spam).
Inputs (key ones you’ll actually use)
⦁ Display Settings: toggle ranges, phases, events, VSA, signals, dashboard.
⦁ MTF: Enable HTF, set Multiplier or a Custom HTF (must be higher than current).
⦁ Range Detection: period / min bars / pivot strength.
⦁ VSA: volume sensitivity & climax multiplier.
⦁ Signal Settings: minimum confidence, risk/reward labels.
⦁ Advanced Filters: trading hours, weekend avoidance, and Min Volume Filter (× avg).
⦁ Colors: phase backgrounds, structure colors, and line styling.
How to use (practical flow)
1. Choose a symbol & timeframe you normally analyze (e.g., 5–60m for entries, 4H/D for context).
2. If using MTF, pick a multiplier (e.g., 5×) or a Custom HTF (e.g., 240/4H).
3. Wait for a range to form; watch Phase and CO Strength on the Dashboard.
4. When events (e.g., Spring/Test in Phase C or UTAD in distribution) appear with favorable VSA, CO, EVR, and volume/time filters, consider the signal and review R:R lines.
5. Use POC/VA and Creek/Ice/Mid as structure references; manage risk around the range edge that generated the setup.
On-chart legend (what the letters mean)
Wyckoff events (labels)
⦁ PS Preliminary Support, SC Selling Climax, AR Automatic Rally, ST Secondary Test
⦁ Spring Spring; Test Test of Spring
⦁ SOS Sign of Strength; LPS Last Point of Support
⦁ PSY Preliminary Supply, BC Buying Climax
⦁ UTAD Upthrust After Distribution; SOW Sign of Weakness; LPSY Last Point of Supply
⦁ TS Terminal Shakeout; MS Multiple Spring
⦁ CJ Creek Jump; IJ Ice Jump
⦁ mSOS / mSOW Minor Sign of Strength/Weakness
VSA patterns (tiny labels)
⦁ ND No Demand, NS No Supply, SV Stopping Volume, BC/SC Buying/Selling Climax
⦁ PA/PD Professional Accumulation/Distribution, BH Bag Holding, DU Volume Dry-Up
⦁ SO Shake-Out, TS Test for Supply (VSA test), UT Upthrust, PUT Pseudo Upthrust
Other visuals
⦁ Range box with Creek (upper third), Ice (lower third), Mid, Quartiles
⦁ POC/VAH/VAL: yellow solid (POC), purple dotted (value area)
⦁ VWAP and Dynamic S/R (stepline)
⦁ Green/Red triangles: gated Buy/Sell signals (only if min confidence & filters are met)
⦁ Risk label near the triangle: confidence /10 and R:R
Alerts included
⦁ Core events (Spring/Test/UTAD/SOS/SOW/TS), secondary events (SC/AR/BC/LPS/LPSY), VSA patterns, EVR states, Hidden Accumulation/Distribution, HTF events, Divergences, Phase/Structure changes, and the constrained Buy/Sell signals with a cooldown.
Notes, limits & best practices
⦁ This is not a buy/sell system; it’s a context & confirmation tool. Combine with your plan, risk limits, and execution criteria.
⦁ Long, illiquid, or news-driven bars can distort volume/spread logic; filters help but cannot eliminate this.
⦁ For MTF, if an exchange doesn’t support a specific HTF, the script falls back safely to current TF values to avoid na-propagation.
⦁ Dashboard rows/size/position are user-configurable to keep charts uncluttered.
Changelog (what’s new in this version)
⦁ MTF safety & validation (Custom HTF must be above current; graceful fallbacks for request.security() na results).
⦁ Performance caching for close position & up/down bar flags; drawing cleanup to stay under label/line limits.
⦁ Volume Profile upgraded to 50 bins; VA algorithm adjusted accordingly.
⦁ Signal gating with time/day/volume filters and alert cooldown to reduce noise.
⦁ Bug guards for parameter conflicts (e.g., rangeMinBars cannot exceed rangePeriod).
Disclaimer
This script is for educational and research purposes only and does not constitute financial advice or a recommendation to buy or sell any asset. Market risk is real; always test on a demo and trade at your own discretion.
Wyckoffmethod
Volume Spread Analysis — Educational (VSA Study)Volume Spread Analysis — Educational (VSA Study)
Overview
This indicator is an educational tool based on classic Volume Spread Analysis (VSA), a methodology pioneered by Tom Williams. VSA studies the relationship between volume, price spread, and closing position to highlight the possible footprints of professional buying and selling.
The purpose of this study is to make the core VSA events visible on the chart, so traders can learn how to recognize them in real time. It does not provide signals, alerts, or advice — it is designed purely for market education and visual study.
What It Displays
The script plots key VSA events as shapes on the chart:
Stopping Volume (SV): Wide down bar, ultra-high volume, closing off the lows.
Selling Climax (SC): Climactic selling into the lows, often at market bottoms.
Shakeout (SO): Sharp down bar that springs back and closes strong.
No Supply (NS): Narrow down bar on very low volume, showing lack of selling.
No Demand (ND): Narrow up bar on low volume, showing lack of buying interest.
Buying Climax (BC): Wide up bar with climactic volume, closing weak.
Upthrust (UT): False breakout above resistance that closes weak.
Supply Coming In: Signs of supply entering after an up-move.
End of Rising Market (EoRM): Narrow up bar with very high volume and weak close.
Test Bar: Low-volume down bar closing strong, testing for supply.
How It Works
Each event is identified by comparing:
Volume against its moving average.
Spread (bar range) against the average spread.
Closing position within the bar.
Wick structure (upper/lower shadow).
Trend context (short-term moving averages).
By combining these elements, the script highlights conditions that match classical VSA patterns.
An optional moving average can be enabled for background context — this is not a signal, only a visual guide to see whether price is trading above or below a simple average.
How to Use It (Educational)
As Tom Williams taught, VSA is about reading the background:
Signs of Strength: Look for Stopping Volume, Selling Climax, Shakeouts, and No Supply bars. These often appear after weakness and suggest buyers are stepping in.
Signs of Weakness: Watch for Buying Climaxes, Upthrusts, Supply Coming In, and End of Rising Market patterns. These often appear after strength and suggest sellers are active.
Context Matters:
Strength is best studied when price is above the moving average and holding above trigger zones.
Weakness is best studied when price is below the average and struggling under resistance.
Tests & No Demand: These confirm whether supply or demand is still present. A successful Test (low volume down bar, closing strong) often follows strength, while No Demand confirms weakness.
This script is not about trade entries — it is a learning tool to help traders visually study professional activity and market phases.
Originality
This is not a mash-up of public code. It is a purpose-built educational implementation of VSA logic, written from scratch. It maps directly to classical definitions of strength, weakness, tests, and climaxes, making the concepts easier to recognize without requiring traders to interpret raw formulas.
Disclaimer
This indicator is for educational and analytical purposes only.
It does not generate trading signals, alerts, or financial advice.
Always do your own research and risk management when trading.
[AlbaTherium] Wabi-Sabi Wyckoff Flow Structure Map MTF[1.0.42] Wabi-Sabi Wyckoff Flow Structure Map
Master the Hidden Geometry of Market Campaigns – Accumulation, Distribution, and the Laws That Govern Them
Introduction
The Wabi-Sabi Wyckoff Flow Structure Map is a software-engineered analytical framework that visualizes the flow of institutional market behavior through the lens of the Wyckoff Method. This tool automates the detection of trading ranges, maps the phases of accumulation/distribution, and extrapolates price objectives .
The Wabi-Sabi Wyckoff Flow Structure Map is a meticulous implementation of the principles of Richard D. Wyckoff , interpreted through the lens of market structure and volume dynamics. This tool aims to identify, contextualize, and map out accumulation and distribution zones by interpreting the composite operator's intended path in financial markets.
It is not merely an indicator-it is a structural compass, guiding you through the architecture of smart money campaigns.
Chapter 1: The Architecture of Market Campaigns
1.1 From Noise to Narrative
Markets do not move randomly. They are orchestrated campaigns-methodically executed by informed operators. The identifies these campaigns as they unfold across:
Accumulation
Markup
Distribution
Markdown
Each is grounded in Wyckoff’s structural logic and revealed in real time.
1.2 Who Is the Composite Operator, Composite Man?
The Composite Operator (CO), Composite Man (CM) represents dominant market participants-institutions with the capacity to engineer price movement. By dissecting trading ranges, the script deciphers their behavior through:
Event-based mapping (SC, ST, Spring, AR, UTAD, etc.)
Phase progression (Phase A to E)
PnF-based directional forecasting
The CO leaves footprints. This script reads them.
Chapter 2: Wyckoff’s Core Laws, Brought to Life
2.1 The Law of Supply and Demand
Every price bar reflects this law. The tool highlights where supply is absorbed and demand emerges, revealing the true balance of power behind the chart.
2.2 The Law of Cause and Effect
Accumulation and distribution ranges are not noise-they are preparation. By measuring their width, the script calculates PnF-based targets for the post-breakout phase, offering traders quantified projections rooted in structure.
2.3 The Law of Effort vs. Result
Effort = volume.
Result = price movement.
Discrepancies between the two-expose market turning points.
This script captures those moments within Wyckoff's structural context, not isolated volume spikes.
Chapter 3: Real-Time Interpretation of Trading Ranges
3.1 Automatic Schematic Mapping
The tool auto-generates Wyckoff structures:
Detects and maps Trading Ranges dynamically
Labels Wyckoff events (SC, ST, AR, Spring, UT, LPS, etc.)
Identifies current phase (Phase B, C, D, E) via real-time bias detection
3.1.1.Core Components
a. Structural Framing
The script autonomously detects the boundaries of a trading range (TR), guided by pivot highs and lows derived from Volume Spread Analysis (VSA) dynamics and price behavior.
b. Automatic Rally (AR) & Selling Climax (SC)
These foundational events are systematically computed and highlighted using volume-weighted price interaction. The Selling Climax defines the lower bound of the TR, while the Automatic Rally sets the resistance zone.
c. Secondary Tests (ST)
The algorithm traces the STs to validate demand/supply balance and the structural integrity of the TR. These are tagged with precision to avoid false positives.
d. Spring / Upthrust Actions
Wyckoffian springs and upthrusts are flagged using deviations below support (spring) or above resistance (upthrust) coupled with volume exhaustion or climax events.
e. Creek & Ice Visualization
Inspired by Wyckoff’s narrative metaphor, the script maps the 'Creek' (High of the Range flow) and 'Ice' (Low of the Range flow), guiding the observer through breakout or breakdown conditions.
f. Sign of Strength (SOS) / Sign of Weakness (SOW)
These turning points are confirmed via expansion in spread and volume. SOS is a bullish confirmation of accumulation resolution, while SOW indicates bearish continuation.
g. LPS & LPSY
The Last Point of Support (LPS) and Last Point of Supply (LPSY) are precisely mapped post-confirmation of breakout or breakdown. Their presence strengthens the bias of the ongoing structural phase.
h. Phase Annotation
Each zone within the TR is annotated based on Wyckoff’s five-phase logic (A to E). This includes climactic action in Phase A, testing in Phase B, spring/UTAD in Phase C, confirmation in Phase D, and exit in Phase E.
3.2 Multi-Timeframe Tracking
Observe the interplay of nested structures across several timeframes. Whether you’re tracking a micro accumulation on 1-min or macro distribution on the 1H, the script integrates both for a full-spectrum view.
3.3 Point-and-Figure Price Targeting
Using Wyckoff’s Law of Cause and Effect, the tool projects price targets based on the range width. Outputs are displayed directly on the chart, aiding in:
Profit-taking zones
Invalidations
R/R planning with structure-based confidence
Chapter 4: Applying Like a Wyckoffian
4.1 Configuration Best Practices
Timeframes: 1–5min for tactical intraday, 15min–4H for swing campaigns
Detection Radius: Control how deep the script searches for structural pivots
Modes: Choose between Delta (volume shifts) and Normal (price formations)
4.2 Dashboard & Event Tracker
The Bias Dashboard displays:
The current dominant phase (e.g. “Phase C Test” or “Late Phase D”)
Key events (AR, ST, Spring, LPS)
Whether current price action supports a continuation or Climax
4.3 Alerts and Customization
Configure alerts to monitor:
New TR detection across up to 6 timeframes
Key structural events like Spring, UTAD, or SOS
Completion of cause zones with target projection triggered
Chapter 5: Use Cases and Strategic Implementation
5.1 Spotting Reversals Before the Breakout
Use the script to:
Enter near Springs (accumulation) or UTADs (distribution)
Identify retests as Last Points of Support/Resistance
Confirm or invalidate breakout attempts using the schematic context
5.2 Confirming Institutional Engagement
Recognize institutional footprints through:
Multiple STs (Testing for supply)
Strong SOS, SOW / LPS combinations
Absence of follow-through = Absorption
The Flow Map helps distinguish retail chase from professional intent.
Conclusion
The Wabi-Sabi Wyckoff Flow Structure Map is an elite market structure decoder for traders who operate on logic, not emotion. Grounded in Wyckoff’s time-tested methodology and enhanced with modern automation, it transforms the invisible structure of price action into a readable, tradeable roadmap.
“Structure precedes movement. Those who read structure, anticipate motion. Those who chase motion, miss the meaning .
”
- A Wyckoffian Principle
This tool is for traders who understand that preparation is where profits are born-not during the move, but before it."
Auto Wyckoff Schematic [by DanielM]This indicator is designed to automatically detect essential components of Wyckoff schematics. This tool aims to capture the critical phases of liquidity transfer from weak to strong hands, occurring before a trend reversal. While the Wyckoff method is a comprehensive and a very nuanced approach, every Wyckoff schematic is unique, making it impractical to implement all its components without undermining the detection of the pattern. Consequently, this script focuses on the essential elements critical to identifying these schematics effectively.
Key Features:
Swing Detection Sensitivity:
The sensitivity of swing detection is adjustable through the input parameter. This parameter controls the number of past bars analyzed to determine swing highs and lows, allowing users to fine-tune detection based on market volatility and timeframes.
Pattern Detection Logic:
Accumulation Schematic:
Detects consecutive lower swing lows, representing phases like Selling Climax (SC) and Spring, which often precede a trend reversal upward. After the final low is identified, a higher high is detected to confirm the upward trend initiation.
Labeled Key Points:
SC: Selling Climax, marking the beginning of the accumulation zone.
ST: Secondary Test during the schematic.
ST(b): Secondary Test in phase B.
Spring: The lowest point in the schematic, signaling a final liquidity grab.
SOS: Sign of Strength, confirming a bullish breakout.
The schematic is outlined visually with a rectangle to highlight the price range.
Distribution Schematic:
Detects consecutive higher swing highs, which indicate phases such as Buying Climax (BC) and UTAD, often leading to a bearish reversal. After the final high, a lower low is detected to confirm the downward trend initiation.
Labeled Key Points:
BC: Buying Climax, marking the beginning of the distribution zone.
ST: Secondary Test during the schematic.
UT: Upthrust.
UTAD: Upthrust After Distribution, signaling the final upward liquidity grab before a bearish trend.
SOW: Sign of Weakness, confirming a bearish breakout.
The schematic is visually outlined with a rectangle to highlight the price range.
Notes:
Simplification for Practicality: Due to the inherent complexity and variability of Wyckoff schematics, the indicator focuses only on the most essential features—liquidity transfer and key reversal signals.
Limitations: The tool does not account for all components of Wyckoff's method (e.g., minor phases or nuanced volume analysis) to maintain clarity and usability.
Unique Behavior: Every Wyckoff schematic is different, and this tool is designed to provide a simplified, generalized approach to detecting these unique patterns.
Wyckoff Springs [QuantVue]The Wyckoff Springs indicator is designed to identify potential bullish reversal patterns known as "springs" in the Wyckoff Method. A Wyckoff spring occurs when the price temporarily dips below a support level, then quickly rebounds, suggesting a false breakdown and a
potential buying opportunity.
How it works:
Pivot detection:
The indicator identifies pivot lows based on the specified pivot length.
These pivot points are stored and analyzed for potential spring patterns.
Volume and Range Checks:
If volume confirmation is enabled, the indicator checks if the current volume exceeds a threshold based on the average volume over the specified period.
The indicator ensures that the price undercuts the defined trading range before confirming a spring pattern.
Spring Identification
The indicator checks for price conditions indicative of a Wyckoff spring: a temporary dip below a pivot low followed by a close above it. The recovery must take place within 3 bars.
If these conditions are met, a spring label is placed below the bar.
Features:
Pivot Length:
The user can set the pivot length to match any style of trading.
Volume Confirmation:
An optional feature where the user can specify if volume confirmation is required for a spring signal.
Volume threshold can be set to determine what constitutes significant volume compared to the average volume over a specified period. By default it is set to 1.5
How to Trade a Spring:
Give this indicator a BOOST and COMMENT your thoughts below!
We hope you enjoy.
Cheers!
Wyckoff Trading RangeWyckoff Trading Range Indicator - an indispensable tool for the astute trader. Uniquely capable of identifying and charting Wyckoff trading ranges, this indicator not only accurately pinpoints accumulation and distribution phases but also marks key events, ensuring you never miss significant trading opportunities. Moreover, with the ability to calculate target profits through the Point and Figure (PNF) method, this indicator becomes a powerful assistant, enabling you to make informed, calculated trading decisions. Let the Wyckoff Trading Range Indicator unlock the door to success in your trading world.
⭐️ Wyckoff Price Cycle
According to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure below. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.
⭐️ FEATURES
- Supply and Demand Zones:
- Wyckoff Schematics and Events.
- Point and Figure (PNF) Target.
* View with PNF chart
⭐️ USAGE S
When it comes to trading using the Wyckoff method, there are five key points to consider for entering trades, as illustrated below
Point #1: Trade in the direction of the previous trend (Phase B)
Point #2: Trade against the previous trend. (Phase B)
Point #3: Identify the point of strength that forms a new trend. (Phase C)
Point #4: Confirm the new trend. (Phase D)
Point #5: Ensure that prices move in the correct direction and do not revert within the Trading Range (dont break LPS/LPSY). (Phase E)
⭐️ NOTES :
- Use the 1 minute or 5 minute timeframe to view the bias dashboard. Using a timeframe longer than 5 minute may provide an inaccurate bias view.
- The alert new TR function will give you alert 6 timeframe on dashboard with only one setup. The best timeframe to set up an alert is 2 hours.
[VC] Wave Chart Index V1.0V.C Wave Chart Index
Richard D. Wyckoff created the first wave chart, and he instructed students to think in waves. He was an early 20th-century pioneer in the technical approach to studying the stock market and is considered one of the five "titans" of technical analysis, along with Dow, Gann, Elliott and Merrill.
V.C Wave Chart Index is the most comprehensive version of Wyckoff's theory. It is used to measure the strength & weakness of each market move by comparative data analysis. It draws waves on the chart based on Gann Swing theory. At the end of each wave, a label shows all the cumulative data & information of the wave.
With the help of this indicator, You can measure each swing or high/low movement of the market by comparing it with previous high/low price movements. The comparison can be made by using the following data of each wave.
Price Change
Volume Change
Delta Change
Delta % Change
Buy Volume
Sell Volume
Time Spent (Bar Counter)
V.C Wave Chart Index is not only an indicator but itself a unique & comprehensive tool kit to measure & compare each move of the market. This tool enables you to see deep inside each movement of the market. It allows you to observe the nitty-gritty data of each wave at the micro-level with your nacked eyes. With the help of Delta & (C.C) Close to Close Price Change, it is now easy to apply effort & result and cause & effect theory to your analysis. (total volume, buy volume, sell volume & delta % can also be used for comparative analysis)
V.C Wave Chart Index Properties
Price Change or (P.C): Shows the price Change of the Wave
Buy Volume (B.V): Shows the Cumulative Buy Volume of the Wave
Sell Volume (S.V): Shows the Cumulative Sell Volume of the Wave
Delta Volume (∆): Shows the Cumulative Buy - Sell Volume of the Wave
Delta % ∆ : Shows the Cumulative Delta % of the wave
Total Volume (T.V): Shows the Cumulative Total Volume of the Wave
Bar Count (B.C): Shows how much time it took to Complete the Wave
Swing Price: Shows the Reversal Price of the Wave
V.C Wave Chart Index Settings & Inputs Explained
Sensitivity (%): This input helps you adjust to the wave's steepness. 0.001 is my recommended value for all time frames.
Cumulation: This input helps you to control the length & formation of the wave: ( the fewer values = more wave formations & vice versa)
Wave Color: Allow you to change the color of the wave
Draw to Latest Candle: Allow you to show/hide the latest or real-time wave & data.
Divisor: Allow you to divide extensive numeric data into small numbers to read it easily.
Align Text: Allow you to align the text.
Size Text: Allow you to change the size of the text.
Display Toal Delta: Allow you to show or hide total Delta (∆).
Display Percentage Delta (%): Allow you to show or hide Delta (∆) %.
Color Wave Buy: Allow you to change the color.
Color Wave Sell: Allow you to change the color.
Display Total Volume (T.V): Allow you to show/hide total volume
Display Buy Volume (B.V): Allow you to show/hide buy volume
Display Sell Volume (S.V): Allow you to show/hide sell volume
Display Swing Price: Allow you to show/hide swing price
Display Swing Price Change (P.C): Allow you to show/hide price change
Display Close to Close Price Change (C.C): Allow you to show/hide close to close price changes. (previous wave close to current wave close) (recommended for comparative analysis)
P.C Format: Allow you to select the price formate
C.C Format: Allow you to select the price formate
Display Bar Counter (B.C): Allow you to show/hide the bar counter
Comparative Data Analysis Example in the light of Effort & Result Theory
A short explanation of the above analysis
On Wave A , the close to close price change (C.C) is $354 . (its the distance of price that price travelled from the low of the previous wave)
and price travelled this distance with 632 Delta (Delta is an effort which is used to travel the price)
On Wave B , close to close price change (C.C) is -$359 , almost the same distance as the previous wave. But for this distance price used 47% more Delta than the last wave. ( previous Delta is 632 , but current Delta is 931 that is 47% extra)
It indicates that sellers have put more effort in Wave B than Wave A . However, they got similar results as the previous wave. In other words
More Effort & Less Result = Reversal Sign
(that's why in the above example price reversed from a support level)
* Notice that Wave B is also on a key support area/level. And on key support or resistance area, this kind of comparative analysis can give an extra edge in your analysis.
Disclaimer Note:
V.C Wave Chart Index is not a BUY/SELL signal based indicator or a holy grail trading system.
It is purely Volume, Delta and comparative analysis based indicator. Before applying this indicator to your analysis, you should know about V.S.A, Volume, Delta & Spread.
Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
J1 - Wyckoff SchematicsMy approach to Wyckoff In A Box
The main idea of this script is purely an overlay of the Wyckoff schematics (Accumulation/Distribution) on top of your chart, which can help you to analyse trends or potential future market structures.
Setup
The Setup is quite easy. Once you open the script for the first time it will ask you to click on the specific side to create your box that will plot your schematic inside, Make sure you read them to avoid confusion .
Once you have your Measurement Box is created, click on the bar located at the Right side of the measurement box, this will allow you to extend or contract the overlay. You can change all of the settings after this.
* You can adjust each section (left, right and center) of each phase to your liking.
* You can adjust the styling
* This is not an indicator/oscillator for Buy/Sell signals
Notes of first release:
* I have left the empty spaces for the next schematics (it takes time and patience).
* Still working on a healthier way to resize the overlay
Ideas and suggestions more than welcome :)
Buy/Sell Volume Totals for PeriodThis indicator can be used to help you tell the difference between Wyckoff Accumulation and Distribution.
The idea is to add up all the Buy Volume and all the Sell Volume separately from the beginning of the Trading Range (TR) for each candle. You can define the Start and End dates in the settings of the indicator.
The indicator will show you 3 numbers of interest:
GREEN = Total Buy Volume from beginning of date range
RED = Total Sell Volume from beginning of date range
YELLOW = Ratio of Total Buy / Total Sell Volume from beginning of date range
When the Total Buy Volume exceeds the Total Sell Volume in the TR, the indicator will color the background in GREEN color, to indicate possible accumulation. Otherwise the background will be RED, to indicate possible distribution.
You can float your cursor over any candle to see the current Volume Totals at that candle from the beginning of the TR (set by you in settings to a specific date).
Here's a few examples of the indicator in action:
1) Accumulation
2) Distribution
3) Possible Re-distribution
Please note that this indicator is meant to be used in combination with other analysis techniques from the Wyckoff Methodology!
Volume Heatmap v7FTJR20This indicator is a heatmap of the financial volume used in the asset, I use three different means to define the heatmap separating it into 3 phases
Phase A: Low volume
Phase B: Medium volume
Phase C: High volume
don't worry about these data, the indicator is configured to auto-interpret the information.
The heatmap uses the following colors and specifications
Red = Ultra High Volume
Orange = High Volume
Yellow = Average Volume (balance)
Blue = Low volume
White = Volume below average
The heatmap compares the phases to identify if it finds a standard deviation over time, that is, you can see a smaller volume with the same red bar as a previous larger red bar, this is because the attacks are updated in real time.
Tutorial:
1 - In point 1 we have an aggression with yellow and orange bars, that is, a balance with aggressions. As we are coming from an uptrend, the probability is a reversal and the answer came in sequence with a red drop bar with ultra volume, so we have a seller in control.
2- after point 1, we see that we only have several blue and white bars, that is, possibly the red bar absorbed the seller and the seller flow was decreasing, notice that the prices held for 3x so the buyer attacks the seller with an orange bar.
3- at point 3, we have two yellow bars, a balance, notice that it is an aggression, any yellow, orange or red bar is an aggression, that is, there was a passive seller selling at higher values, taking advantage of the stops in a region where there was buying demand (people buying wrong!)
4- Before reaching point 4, notice that in general the price is moving practically sideways and the volume is decreasing (white and blue bars), exhaustion of the buyer volume (no demand) and the answer in point 4 came in aggression with yellow bars and oranges.
* the seller lets the market go up to make sure he is in control and when he tests the pivot zone he attacks with a red bar (notice that this red bar is smaller than the previous ones, this is the magic of the indicator divided into 3 phases).
5- After the market goes through the natural distribution phases, we see a red bar with a high spread, whenever you see a red bar with a 2 to 3x spreed, it is a region with potential for reversal.
6- Note that after the characteristics of point 5 the asset works in zig zag, volume decreasing and the reversal comes with little volume, it is natural to engulf without volume this is the reversal signal, notice that it touches the bottom several times and not loses the region after a red bar with very high spread.
*notice that the buyer let it form a giant (shoulder head shoulder) to make a trap and the price always respected the volume of the first red bar at point 1.
7- see that the asset entered an uptrend and the phase is repeating itself, asset rising in a wave A, made a corrective B wave in smaller ABC and is making a C wave, at this moment it is a probability to enter a red bar after test the resistance and have a significant increase in volume.
- I like your feedback and leave your settings and experiences in the comments.
Volume Wave 7vFTJR20This is the new fully auto-adjusted wave volume, there is no other indicator like this, if you know richard wyckoff techniques, this indicator will facilitate each wave of your various assets.
1.0 -
A:
Most indicators use (fixed) candle count or pivo point to convert a buy or sell wave, this indicator uses the concept of candles, if candles and aggressive volume start to find regions on top or bottom, it is already close to enter a countertrend and reverse the wave.
1.1 -
-You have hundreds of options to change the wave, just changing 2 fields "Types" and "Adjustment".
Note: the indicator automatically updates the secondary wave!
For over a year I've come up with a default Types="1" and Adjustment="0.6"
Feel free to change this pattern, the range for types is huge, but particularly I use the default for 90% of assets I analyze for any timeframe.
if you find something better, leave it in the comments to share with other users.
1.2 - The option "Use weighted volume within the wave" changes the real volume within each wave to the average volume within each wave, it is a very good strategy to use in assets that do not have liquidity or in smaller timeframes.
++++++++++++++++
Usage strategy:
++++++++++++++++
*Note: it is necessary to use the financial volume indicator (standard) to identify the divergences within the waves.
2.0 - The concept of the indicator is to measure the financial volume in each wave of the asset, it adds the volume in each candle and accumulates within each wave of the indicator, in theory, the more volume within this wave, the more money involved in this region of price.
2.1 - The indicator has 2 fractal meters, a shorter wave and a longer wave, let's call the primary short wave and the secondary long wave.
*The longer wave is positioned at the bottom, it takes longer and there may be fall situations inside it, an example of this is when we are inside a B wave of an ABC within a larger time frame (ex: Diary).
2.2 - The primary wave (Short) is faster, it oscillates within the secondary wave.
2.3 - The Secondary (Long) wave takes longer, it tends to dictate the trend of the asset when the primary is in the same color as the secondary AT THE BEGINNING OF THE TREND, that is, after two secondary waves in red (sell) and a blue wave short between the two red ones, there is the "PROBABILITY" of the tendency to become an extremely buyer, this also happens in the opposite, two buyer waves have the "PROBABILITY" of becoming a seller.
Another example:
note: in the description above I mentioned a range or corrective movement, to have a healthy view, it is highly recommended to learn about what is a corrective or impulsive wave... for beginners, a quick explanation, understand that corrective is two movements( ABC) and impulsive are three in the countertrend (*3 in the trend direction and two correctives total 5 waves), so they can contain 3 waves within a blue wave within the indicator, you will need to understand this concept!
2.4 - After understanding the above concepts, take advantage of my indicators in the future I will include the aggressor volume within each buyer and seller wave.
*The secret of reversal is 3 moves with a candle with greater volume inside wave C or
end of seller flow without bars of volume greater than the average within a wave 5, these characteristics represent the end of the trend!
2.5 - I left a pre-fixed default configuration that I use, feel free to test other patterns, I tested it on various assets, mainly in futures markets for 1 year.
- I like your feedback and leave your settings and experiences in the comments.
efficiency of bulls and bears for VSA(Google translation from Russian.)
This indicator shows the effectiveness of selling or buying.
It is calculated as follows: using percentrank, the volume and the value of the spread are estimated (momentum = 1)
the resulting estimate of the volume value is divided by the estimate of the spread (momentum = 1) and thus we obtain the value. The larger it is, the more efficient and easier the price movement was.
If the indicator value is small, then this means that the movement was ineffective, because the volume (money) was invested. but no result.
The color of the volume bars is assigned as follows:
Buyers:
If the volume is large - Blue - green
If middle, then blue
Small - light blue
Sellers:
If the volume is large - Burgundy color
If middle, then purple
Small volume - light purple
Indicator parameters:
Comparison period - the period at which the volumes and spread are compared with each other - by default it is 50, selected as the most universal period suitable for different timeframes. But for daytime ones. Weekly and monthly timeframes may need to be shortened. This is true after significant spikes in volume that are exceptional over the long term.
Period spread - Bars from close to close - or in other words, it is momentum - defaults to 1
sensitivity of increased volumes - according to the percentrank indicator - the limit above which the volume will be considered large, the same as in the Volume on bar VSA - indicator V2 - for clarity, I recommend looking at it.
The default is 85, which means. that if the current value of the volume is greater than 85% of the remaining values in this period, then such a value of the volume will be considered high.
medium volume sensitivity - the same sensitivity of increased volumes but for medium volumes.
multiplier of increased volumes - this is an empirical factor to emphasize the importance of increased volumes - default = 20
multiplier of average volumes - the same. As above, but for medium volumes - the default is 10
reduced volume multiplier - Default is 1.
Knowledge of VSA is required to read this indicator
This indicator is recommended for use with indicators:
Volume on bar VSA - indicator V2
BAR for VSA
Russian language
Этот индикатор показывает эффективность продаж или покупок.
Рассчитывается следующим образом: с помощью percentrank оценивается величина объема и велечина спреда (momentum = 1)
полученная оценка велечины объема делится на оценку спреда (momentum = 1) и таким образом получаем значение. Чем оно больше, тем движение цены было эффективнее и легче.
Если значение индикатора маленькое, то это означает, что движение было неэффективным, поскольку объем (деньги) вложили. а результата нет.
Цвет барам объемов присваиваются следующим образом:
У покупателей:
Если объем большой - Сине – зелёный цвет
Если средний – то голубой
Маленький – свело-голубой
У продавцов:
Если объем большой - Бордовый цвет
Если средний – то пурпурный
Маленький объем – светло-пурпурный
Параметры индикатора:
Comparison period (период для сравнения) – период на котором между собой сравниваются объемы и спред – по умолчанию равно 50 , выбрано как наиболее универсальный период подходящий для различных таймфреймов. Но для дневных. Недельных и месячных таймфреймов может потребоваться уменьшить период. Это актуально после значительных всплесков объемов, которые являются исключительными на длительном периоде.
Period spread - Bars from close to close (Период спреда - Баров от закрытия до закрытия) – или другими словами это momentum – по умолчанию равно 1
sensitivity of increased volumes (чувствительность повышенных объемов) – согласно индикатору percentrank – граница выше которой объем будет считаться большим, то же самое, что в индикаторе Volume on bar VSA - indicator V2 – для наглядности как это работает рекомендую посмотреть его.
По умолчанию задано 85 – это означает. что если текущее значение объема больше, чем 85% остальных значений на этом периоде, то такое значение объема будет считаться высоким.
medium volume sensitivity (чувствительность средних объемов) – то же самое sensitivity of increased volumes но для средних объемов.
multiplier of increased volumes (множитель (вес) повышенных объемов) – это эмперический коэффициент для придания особой важности повышенным объемам- по умолчанию = 20
multiplier of average volumes (множитель (вес) средних объемов) – то же самое. Что и выше, но для средних объемов – по умолчанию равно 10
reduced volume multiplier (множитель (вес) пониженных объемов) – по умолчанию равно 1.
Для чтения данного индикатора необходимо знание VSA
Этот индикатор рекомендуется использовать с индикаторами:
Volume on bar VSA - indicator V2
BAR for VSA
VSA Trading Assistant DashboardThe VSA Trade Assistant is a fully featured data dashboard and information management tool that visually tracks, analyzes and displays key performance indicators in any BTC related market on Trading View
This indicator recognizes climatic up and down bars including when their vol is very high (at least 100 percent of the bar is above the average vol line) and when the subsequent bar is in the opposite direction of the climactic move.
The composite volume of 7 different exchanges is used by this indicator to determine when climactic volume has occurred.
Leave feedback, we'll be adding features to this indicator over time
Rainbow Force - Multi Timeframe [WYCKOFF ARSENAL]🌈 Rainbow Force - Multi Timeframe WYCKOFF ARSENAL
The purpose of the Force is to provide an indication of the pressure being applied to push the market lower or the pull being applied to the market to pull it higher.
The Rainbow Force can be used on any available timeframes and assets with volume data .
It is a combination of Force instances of different lengths that are plotted on the same chart.
The confluence zones can hint at a price reversal and help estimate the trend strength.
The Rainbow Force can be combined with other technical analysis tools as a trend-following indicator.
When the trend is strong and the other indicators used to determine entry points send a bullish or a bearish signal, a position can be opened.
When the trend is weak, opening new positions should not be to consider.
The Rainbow Force can also be used on its own. The angles of the Rainbow will hint at the trend strength.
The steeper the curve, the stronger the trend. The flatter the curve, the weaker the trend.
A Buy position can be opened in the beginning of a strong positive trend .
A Sell position can be opened in the beginning of a strong negative trend .
During a strong trend, short-lived retracements can be found, and it is possible to enter a position in the direction of the general trend against the retracement.
The Rainbow mode can be experienced with the Multi RSI indicator as well.
Related tools :
▪ Optimism Pessimism
▪ Force
- 🌈 Rainbow Force ◄
▪ Technometer
- 🌈 Rainbow Technometer
▪ Momentum
- 🌈 Rainbow Momentum
▪ Market Screener
Rainbow Technometer - Multi Timeframe [WYCKOFF ARSENAL]🌈 Rainbow Technometer - Multi Timeframe WYCKOFF ARSENAL
The purpose of the Technometer is to provide a mathematical indication of the degree to which the market is overbought or oversold .
The value of the Technometer could be as high as 100 or as low as 0. The other possible values would represent degrees of overbought or oversold.
In Rainbow form, the Technometer could also be used as a trend-following indicator.
The Rainbow Technometer can be used on any available timeframes and assets with volume data .
It is a combination of Technometer instances of different lengths that are plotted on the same chart.
The confluence zones can hint at a price reversal and help estimate the trend strength.
The Rainbow Technometer can be combined with other technical analysis tools as a trend-following indicator.
When the trend is strong and the other indicators used to determine entry points send a bullish or a bearish signal, a position can be opened.
When the trend is weak, opening new positions should not be to consider.
The Rainbow Technometer can also be used on its own. The angles of the Rainbow will hint at the trend strength.
The steeper the curve, the stronger the trend. The flatter the curve, the weaker the trend.
A Buy position can be opened in the beginning of a strong positive trend .
A Sell position can be opened in the beginning of a strong negative trend .
During a strong trend, short-lived retracements can be found, and it is possible to enter a position in the direction of the general trend against the retracement.
The Rainbow mode can be experienced with the Multi RSI indicator as well.
Related tools :
▪ Optimism Pessimism
▪ Force
- 🌈 Rainbow Force
▪ Technometer
- 🌈 Rainbow Technometer ◄
▪ Momentum
- 🌈 Rainbow Momentum
▪ Market Screener
Rainbow Momentum - Multi Timeframe [WYCKOFF ARSENAL]🌈 Rainbow Momentum - Multi Timeframe WYCKOFF ARSENAL
The purpose of the Momentum is to provide a measure of the speculative interest in the market.
In Rainbow form, the Momentum could also be used as a trend-following indicator.
The Rainbow Momentum can be used on any available timeframes and assets with volume data .
It is a combination of Momentum instances of different lengths that are plotted on the same chart.
The confluence zones can hint at a price reversal and help estimate the trend strength.
The Rainbow Momentum can be combined with other technical analysis tools as a trend-following indicator.
When the trend is strong and the other indicators used to determine entry points send a bullish or a bearish signal, a position can be opened.
When the trend is weak, opening new positions should not be to consider.
The Rainbow Momentum can also be used on its own. The angles of the Rainbow will hint at the trend strength.
The steeper the curve, the stronger the trend. The flatter the curve, the weaker the trend.
A Buy position can be opened in the beginning of a strong positive trend .
A Sell position can be opened in the beginning of a strong negative trend .
During a strong trend, short-lived retracements can be found, and it is possible to enter a position in the direction of the general trend against the retracement.
The Rainbow mode can be experienced with the Multi RSI indicator as well.
Related tools :
▪ Optimism Pessimism
▪ Force
- 🌈 Rainbow Force
▪ Technometer
- 🌈 Rainbow Technometer
▪ Momentum
- 🌈 Rainbow Momentum ◄
▪ Market Screener
Counters RatioCounters Ratio
This is an oscillator like indicator.
Bubbles are used to show the intensity with which buyers overtake sellers or vice-versa.
Bigger bubbles would indicate an oversold or overbought condition, when there is more imbalance between sell volume and buy volume .
They may appear sometimes on low volume - this may be a weak overbought or oversold indication.
The big bubbles that appear on significant volume could be used to find divergences with price.
Multiple instances of the indicator can be combined to get a bigger picture.
In the indicator's settings, a ratio limit can be set for the overbought or oversold condition.
Alerts for counters imbalance can be set to fire whenever the condition is satisfied.
Related tools:
• Volume Delta
• CVD
Screener - Multi Timeframe [WYCKOFF ARSENAL]Screener - Multi Timeframe WYCKOFF ARSENAL
The general idea of The Wyckoff Method is that the trader can see the market as well-structured periods of Accumulation , Markup , Distribution and Markdown .
The price of an asset depends on its supply and demand .
There is more than one stock available for trading, and there is more than just Bitcoin on the Cryptocurrency market.
This means that one may choose to trade more than one asset and this perspective opens up a world of opportunities in which Supply and Demand are the masters.
For example, you have invested some money in a cryptocurrency, and you wait for it to Markup already.
But it is still in a long period of accumulation - it doesn't move much.
You should leave it and find another crypto that is moving.
To aid in the discovery of such opportunities, a Market Screener is available.
Method used: The Wyckoff Method of course.
The indicators used:
• Optimism Pessimism
• Force
• Technometer
• Momentum
The Wyckoff Arsenal Indicators can be used individually, and they are very useful when trading a single pair.
But the Market Screener can scan for opportunities in a wide range of pairs, or same asset but different trading platforms.
The indicators are based on volume, so the symbols must have volume data for the Screener to work.
Multiple indicator instances can be used to track a specific asset, like Bitcoin.
This way, all Bitcoin data available on TradingView could be used instead of data coming from a single trading platform.
Alerts: Overbought/Oversold conditions, Bollinger Bands crossings, Divergence detection.
Wyckoff Historical VolatilityHi all this is a Historical volatility script that someone on youtube posted, his channel is Trade With Trend he is a very good trader, this script is mainly designed to work with the wyckoff method, im unsure if it works for any other trading style, this was designed mainly for swing trading if you do work with wyckoff method you should try it and check his video on his channel called: How To Use Wyckoff Trading Method For Price Action Trading - Swing Trading Strategies 🔥🔥
---i only compiled this--- for people that had no clue how to find it or how to do it just like i had a few hours ago i don't think anyone will use this but if you are searching for it feel free to use it.
Weis Wave ChartThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types.
Unlike other implementations I found here on TradingView, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source".
TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two.
You can find the volume indicator here:
Weis Wave VolumeThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can also be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. For assets that do not support volume Weis propose in his book to use the true range instead, so if you want to use this indicator for assets that do not support volume, make sure to enable the checkbox "Use True Range instead of Volume".
Unlike other implementations I found here on Trading, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". If you want the price to oscillate around a zero value, enable the "Oscillating" checkbox.
TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two.
You can find the zig zag indicator here:
