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Wyckoff Method Indicator

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© thoth_capital
Wyckoff Method Indicator™ © 2025 Wentao. All Rights Reserved.
Wyckoff Method Indicator® is a registered trademark of Wentao.
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V2.5
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# Wyckoff Method Indicator v2.5

A comprehensive technical analysis tool based on Richard Wyckoff's market methodology to identify market phases, support/resistance levels, and key Wyckoff events.

## Key Features:

- **Market Phase Detection**: Automatically identifies Accumulation, Re-Accumulation, Markup, Distribution, Re-Distribution, and Markdown phases
- **Wyckoff Event Recognition**: Detects key events including:
• Accumulation: SC (Selling Climax), AR (Automatic Rally), ST (Secondary Test), Spring, LPS (Last Point of Support), SOS (Sign of Strength), BEC (Backup to Edge of Creek)
• Distribution: BC (Buying Climax), AR (Automatic Reaction), ST (Secondary Test), UT (Upthrust), UTAD (Upthrust After Distribution), LPSY (Last Point of Supply), SOW (Sign of Weakness)
- **Support/Resistance Visualization**: Highlights key zones with color-coded boxes
- **Volume Analysis**: Identifies high-volume bars with color-coded markers
- **Effort vs. Result Analysis**: Compares volume changes to price movements to detect divergences
- **Price-Scaling EMAs**: Three smoothly-scaling moving averages that properly track with price movements
- **Comprehensive Legend**: Easily understand all indicators with the built-in legend

## Customizable Settings:

- Lookback periods
- Volume thresholds
- Range multipliers
- Display options for various components
- Legend positioning

## What's New in v2.5:
- Improved EMA scaling with price action
- Enhanced event detection logic
- Dark mode-friendly color palette
- Optimized visual elements for better chart clarity

Perfect for swing traders and position traders following Wyckoff methodology. This indicator helps identify accumulation and distribution zones, potential breakouts, and market transitions.

Disclaimer: This indicator is for informational purposes only and should not be considered financial advice. Always conduct your own analysis before making trading decisions.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.