Wyckoff Institutional Decoder [OXE]4 Professional Dashboard Panels
Panel 1: RETAIL VS SMART MONEY INSIGHT (Top-Right)
This is the showstopper - side by side comparison:
🔴 RETAIL SEES🟢 SMART MONEY SEES"Support broke! 📉 SELL!""Spring trap complete ✓ Institutions buying""Breakout! 📈 BUY!""Upthrust trap complete ✓ Institutions selling""Downtrend continuing, Stay short""Accumulation Phase, Institutions loading""Just a pullback, Buy the dip!""Late Distribution, Breakdown approaching"
Plus:
Effort vs Result interpretation
Outcome prediction (Retail: "Gets stopped out 💀" vs Smart Money: "Enters at best price ✓")
Panel 2: MAIN WYCKOFF DASHBOARD (Bottom-Right)
MetricDisplayPhaseACCUMULATION / DISTRIBUTION / MARKUP / MARKDOWNStrength████ 85% (visual progress bar)Sub-PhaseA - Selling Climax, B - Building Cause, C - Spring, etc.Smart MoneySTRONG BUYING / Buying / Neutral / Selling / STRONG SELLINGVolume🔊 EXTREME / 🔉 High / 🔈 Low with ratio (2.3x)Effort/ResultABSORPTION / EASY MOVE / BALANCEDCause Built45 bars (45%) - shows target potentialTarget↑ 2,145.50 (projected price target)◆ ACTIONBUY THE SPRING / SELL THE UPTHRUST / WAIT & OBSERVE
Panel 3: EVENT LOG (Middle-Right)
Real-time chronological log of Wyckoff events:
📋 EVENT LOG
━━━━━━━━━━━━━━━━━
SPRING 🟢 | 3 bars
Test (Spring) | 8 bars
Sign of Strength | 15 bars
Selling Climax | 42 bars
Panel 4: LEGEND (Bottom-Left)
Quick reference for all chart markers:
▲ SPRING = Buy Signal
▼ UTAD = Sell Signal
◆ SOS = Strength Confirmed
◆ SOW = Weakness Confirmed
● SC/BC = Climax Volume
╳ T = Test Event
— — = Creek / Ice levels
📊 Chart Visualizations
Structure Elements
Trading Range Box - Color-coded by phase (blue=accumulation, red=distribution)
Creek Level - Dashed blue line (resistance within accumulation)
Ice Level - Dashed red line (support within distribution)
Target Projection - Arrow showing price target based on "cause"
Event Markers
SPRING ▲ - Green triangle below bar
UTAD (Upthrust) ▼ - Red triangle above bar
SOS ◆ - Green diamond (Sign of Strength)
SOW ◆ - Red diamond (Sign of Weakness)
SC/BC ● - Orange circles (Selling/Buying Climax)
Tests ╳ - Small X markers
LPS/LPSY - Labels for Last Point of Support/Supply
Volume Highlighting
Orange background = Ultra-high volume (institutional activity)
Yellow background = High volume
🧠 Smart Detection Engine
Phase Detection
Automatically identifies:
ACCUMULATION (Smart money buying)
Sub-phases: A (Selling Climax), B (Building Cause), C (Spring), D (SOS), E (Breakout)
DISTRIBUTION (Smart money selling)
Sub-phases: A (Buying Climax), B (Building Cause), C (UTAD), D (SOW), E (Breakdown)
MARKUP (Uptrend)
MARKDOWN (Downtrend)
Event Detection
Selling Climax (SC)
Automatic Rally (AR)
Secondary Test (ST)
Spring
Sign of Strength (SOS)
Last Point of Support (LPS)
Buying Climax (BC)
Upthrust After Distribution (UTAD)
Sign of Weakness (SOW)
Last Point of Supply (LPSY)
Tests (low volume confirmations)
Volume Analysis
Effort vs Result - Detects absorption (high volume, small move)
Stopping Volume - Climax with rejection wicks
No Demand/Supply - Low volume showing lack of interest
Smart Money Score - Composite Operator activity gauge (-10 to +10)
Price Targets
Cause & Effect calculation
Projects targets based on consolidation width
Shows when enough "cause" has built up
⚡ All Alerts Included
Spring detected
Upthrust detected
Sign of Strength
Sign of Weakness
Selling/Buying Climax
Spring/Upthrust Tests
LPS/LPSY
Phase changes (Accumulation → Markup, etc.)
🎨 Optimized for White Backgrounds
All colors carefully selected for:
High contrast on white charts
Easy readability
Professional appearance
No eye strain
Settings You Can Customize
Structure detection length
Pivot sensitivity
Volume spike thresholds
Spring/Upthrust sensitivity
Dashboard size (small/normal/large)
All colors
Toggle each panel on/off
Toggle each visualization element
Recherche dans les scripts pour "Wyckoff"
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.
Wyckoff Volume ColorThis volume indicator is intended to be used for the Wyckoff strategy.
Green volume bar indicates last price close above close 10 days ago together with volume larger than 2 * SMA(volume, 20)
Blue volume bar indicates last price close above close 10 days ago together with volume less than 2 * SMA(volume, 20)
Orange volume bar indicates last price close lower than close 10 days ago together with volume less than 2 * SMA(volume, 20)
Red volume bar indicates last price close lower than close 10 days ago together with volume larger than 2 * SMA(volume, 20)
The main purpose is to have green bars with a buying climax and red bars with a selling climax.
Three variables can be changed by simply pressing the settings button.
How many days back the closing price is compared to. Now 10 days.
How many times the SMA(volume) is multiplied by. Now times 2.
How many days the SMA(volume) consists by. Now 20 days.
Wyckoff Selection MethodThis is a simple script that compares the current asset RSI with the RSI of another asset that you can set in the input scrren. By default the comparable asset is the XETR:DAX index.
Consolidation Range Tracker[Trendoscope]🎲 Introducing Consolidation Range Tracker: Visualising Price Consolidation after Impulsive Moves
ConsolidationRangeTracker is an innovative indicator designed to assist traders in identifying and tracking price consolidation zones following impulsive market moves. This indicator is built on Auto Motive Wave indicator and Interactive Motive Wave indicator. This is also an attempt to plot Wyckoff Distribution pattern. But, instead of implying the price movement after consolidation, we are just leaving it to the interpretation of the users.
🎲 Process
Find impulse wave using the methods defined in Auto Motive Wave indicator and Interactive Motive Wave indicator
Define the range of consolidation based on predefined ratio (available as input settings)
Track the price movement within range along with number of bars and cumulative volume.
When price breaks out of the range, check if price ranged long enough to consider it as consolidation.
Retain the drawings and visualisation if the consolidation is confirmed before the breakout. Or else, remove them from the chart to keep it clean.
Overall output can be visualised as
Note : Patterns will not be there on the chart every time. It is normal for indicator not to show any drawings or patterns on the chart.
🎲 Stages of the Indicator
🎯 When an Impulse is formed
When an impulse wave is detected, wave is drawn on the chart along with details such as number of bars and volume spawning the impulse wave and the calculated range based on the input value. An alert of new impulse is also triggered if configured for alerts.
🎯 When an Impulse is updated
When price extends further without consolidating, the impulse wave is also updated to consider the latest values. This repaint is expected and as designed. We will also trigger an alert related to update of an impulse wave.
🎯 Update of range as and when it happens
Range is not bound and it keeps moving based on the highest and lowest price. Value of range is constant and it is calculated based on certain ratio of impulse as configured in settings. But, this range can move up and down based on which direction the price moves.
For example, this is the initial range when the impulse wave is formed.
But, after certain bars, we can see that the range shift slightly up because, price has more upward movement than downward.
No alerts are triggered during this phase.
🎯 Confirmed consolidation
Consolidation range is confirmed after price range through certain bars with respect to number of bars involved in the impulse wave. The default setting of 1 for range bar ratio means that range is confirmed when price ranges for same number of bars as that of impulse.
An alert is triggered when consolidation range is confirmed.
🎯 Breakout
Breakout happen if the price exceeds the range bracket. Breakout may happen either before or after confirmation of consolidation. In either case, an alert is triggered.
Patterns are removed from the chart if the consolidation is not confirmed. In other words, the price did not stay in range for long time.
🎲 Settings
Simple settings to define the zigzag base and few pattern related configuration.
🎲 Alerts
Alerts are configured using alert function and are triggered in following scenarios.
A new impulse created
An impulse wave is updated
Consolidation range confirmed
Breakout with/without confirmed consolidation.
🎲 Use Cases
Indicator can be used for identifying few types of patterns on the chart. But, they may involve user's discretion. Major patterns that can be identified are:
🎯 Flag Formation Consolidation after an impulse can be termed as flag and is a sign of trend continuation after consolidation.
🎯 Wyckoff Distribution Long consolidation with high volume after an impulse can be a sign of wyckoff distribution formation. This pattern is trend reversal pattern.
Mars Signals - Ultimate Institutional Suite v3.0(Joker)Comprehensive Trading Manual
Mars Signals – Ultimate Institutional Suite v3.0 (Joker)
## Chapter 1 – Philosophy & System Architecture
This script is not a simple “buy/sell” indicator.
Mars Signals – UIS v3.0 (Joker) is designed as an institutional-style analytical assistant that layers several methodologies into a single, coherent framework.
The system is built on four core pillars:
1. Smart Money Concepts (SMC)
- Detection of Order Blocks (professional demand/supply zones).
- Detection of Fair Value Gaps (FVGs) (price imbalances).
2. Smart DCA Strategy
- Combination of RSI and Bollinger Bands
- Identifies statistically discounted zones for scaling into spot positions or exiting shorts.
3. Volume Profile (Visible Range Simulation)
- Distribution of volume by price, not by time.
- Identification of POC (Point of Control) and high-/low-volume areas.
4. Wyckoff Helper – Spring
- Detection of bear traps, liquidity grabs, and sharp bullish reversals.
All four pillars feed into a Confluence Engine (Scoring System).
The final output is presented in the Dashboard, with a clear, human-readable signal:
- STRONG LONG 🚀
- WEAK LONG ↗
- NEUTRAL / WAIT
- WEAK SHORT ↘
- STRONG SHORT 🩸
This allows the trader to see *how many* and *which* layers of the system support a bullish or bearish bias at any given time.
## Chapter 2 – Settings Overview
### 2.1 General & Dashboard Group
- Show Dashboard Panel (`show_dash`)
Turns the dashboard table in the corner of the chart ON/OFF.
- Show Signal Recommendation (`show_rec`)
- If enabled, the textual signal (STRONG LONG, WEAK SHORT, etc.) is displayed.
- If disabled, you only see feature status (ON/OFF) and the current price.
- Dashboard Position (`dash_pos`)
Determines where the dashboard appears on the chart:
- `Top Right`
- `Bottom Right`
- `Top Left`
### 2.2 Smart Money (SMC) Group
- Enable SMC Strategy (`show_smc`)
Globally enables or disables the Order Block and FVG logic.
- Order Block Pivot Lookback (`ob_period`)
Main parameter for detecting key pivot highs/lows (swing points).
- Default value: 5
- Concept:
A bar is considered a pivot low if its low is lower than the lows of the previous 5 and the next 5 bars.
Similarly, a pivot high has a high higher than the previous 5 and the next 5 bars.
These pivots are used as anchors for Order Blocks.
- Increasing `ob_period`:
- Fewer levels.
- But levels tend to be more significant and reliable.
- In highly volatile markets (major news, war events, FOMC, etc.),
using values 7–10 is recommended to filter out weak levels.
- Show Fair Value Gaps (`show_fvg`)
Enables/disables the drawing of FVG zones (imbalances).
- Bullish OB Color (`c_ob_bull`)
- Color of Bullish Order Blocks (Demand Zones).
- Default: semi-transparent green (transparency ≈ 80).
- Bearish OB Color (`c_ob_bear`)
- Color of Bearish Order Blocks (Supply Zones).
- Default: semi-transparent red.
- Bullish FVG Color (`c_fvg_bull`)
- Color of Bullish FVG (upward imbalance), typically yellow.
- Bearish FVG Color (`c_fvg_bear`)
- Color of Bearish FVG (downward imbalance), typically purple.
### 2.3 Smart DCA Strategy Group
- Enable DCA Zones (`show_dca`)
Enables the Smart DCA logic and visual labels.
- RSI Length (`rsi_len`)
Lookback period for RSI (default: 14).
- Shorter → more sensitive, more noise.
- Longer → fewer signals, higher reliability.
- Bollinger Bands Length (`bb_len`)
Moving average period for Bollinger Bands (default: 20).
- BB Multiplier (`bb_mult`)
Standard deviation multiplier for Bollinger Bands (default: 2.0).
- For extremely volatile markets, values like 2.5–3.0 can be used so that only extreme deviations trigger a DCA signal.
### 2.4 Volume Profile (Visible Range Sim) Group
- Show Volume Profile (`show_vp`)
Enables the simulated Volume Profile bars on the right side of the chart.
- Volume Lookback Bars (`vp_lookback`)
Number of bars used to compute the Volume Profile (default: 150).
- Higher values → broader historical context, heavier computation.
- Row Count (`vp_rows`)
Number of vertical price segments (rows) to divide the total price range into (default: 30).
- Width (%) (`vp_width`)
Relative width of each volume bar as a percentage.
In the code, bar widths are scaled relative to the row with the maximum volume.
> Technical note: Volume Profile calculations are executed only on the last bar (`barstate.islast`) to keep the script performant even on higher timeframes.
### 2.5 Wyckoff Helper Group
- Show Wyckoff Events (`show_wyc`)
Enables detection and plotting of Wyckoff Spring events.
- Volume MA Length (`vol_ma_len`)
Length of the moving average on volume.
A bar is considered to have Ultra Volume if its volume is more than 2× the volume MA.
## Chapter 3 – Smart Money Strategy (Order Blocks & FVG)
### 3.1 What Is an Order Block?
An Order Block (OB) represents the footprint of large institutional orders:
- Bullish Order Block (Demand Zone)
The last selling region (bearish candle/cluster) before a strong upward move.
- Bearish Order Block (Supply Zone)
The last buying region (bullish candle/cluster) before a strong downward move.
Institutions and large players place heavy orders in these regions. Typical price behavior:
- Price moves away from the zone.
- Later returns to the same zone to fill unfilled orders.
- Then continues the larger trend.
In the script:
- If `pl` (pivot low) forms → a Bullish OB is created.
- If `ph` (pivot high) forms → a Bearish OB is created.
The box is drawn:
- From `bar_index ` to `bar_index`.
- Between `low ` and `high `.
- `extend=extend.right` extends the OB into the future, so it acts as a dynamic support/resistance zone.
- Only the last 4 OB boxes are kept to avoid clutter.
### 3.2 Order Block Color Guide
- Semi-transparent Green (`c_ob_bull`)
- Represents a Bullish Order Block (Demand Zone).
- Interpretation: a price region with a high probability of bullish reaction.
- Semi-transparent Red (`c_ob_bear`)
- Represents a Bearish Order Block (Supply Zone).
- Interpretation: a price region with a high probability of bearish reaction.
Overlap (Multiple OBs in the Same Area)
When two or more Order Blocks overlap:
- The shared area appears visually denser/stronger.
- This suggests higher order density.
- Such zones can be treated as high-priority levels for entries, exits, and stop-loss placement.
### 3.3 Demand/Supply Logic in the Scoring Engine
is_in_demand = low <= ta.lowest(low, 20)
is_in_supply = high >= ta.highest(high, 20)
- If current price is near the lowest lows of the last 20 bars, it is considered in a Demand Zone → positive impact on score.
- If current price is near the highest highs of the last 20 bars, it is considered in a Supply Zone → negative impact on score.
This logic complements Order Blocks and helps the Dashboard distinguish whether:
- Market is currently in a statistically cheap (long-friendly) area, or
- In a statistically expensive (short-friendly) area.
### 3.4 Fair Value Gaps (FVG)
#### Concept
When the market moves aggressively:
- Some price levels are skipped and never traded.
- A gap between wicks/shadows of consecutive candles appears.
- These regions are called Fair Value Gaps (FVGs) or Imbalances.
The market generally “dislikes” imbalance and often:
- Returns to these zones in the future.
- Fills the gap (rebalance).
- Then resumes its dominant direction.
#### Implementation in the Code
Bullish FVG (Yellow)
fvg_bull_cond = show_smc and show_fvg and low > high and close > high
if fvg_bull_cond
box.new(bar_index , high , bar_index, low, ...)
Core condition:
`low > high ` → the current low is above the high of two bars ago; the space between them is an untraded gap.
Bearish FVG (Purple)
fvg_bear_cond = show_smc and show_fvg and high < low and close < low
if fvg_bear_cond
box.new(bar_index , low , bar_index, high, ...)
Core condition:
`high < low ` → the current high is below the low of two bars ago; again a price gap exists.
#### FVG Color Guide
- Transparent Yellow (`c_fvg_bull`) – Bullish FVG
Often acts like a magnet for price:
- Price tends to retrace into this zone,
- Fill the imbalance,
- And then continue higher.
- Transparent Purple (`c_fvg_bear`) – Bearish FVG
Price tends to:
- Retrace upward into the purple area,
- Fill the imbalance,
- And then resume downward movement.
#### Trading with FVGs
- FVGs are *not* standalone entry signals.
They are best used as:
- Targets (take-profit zones), or
- Reaction areas where you expect a pause or reversal.
Examples:
- If you are long, a bearish FVG above is often an excellent take-profit zone.
- If you are short, a bullish FVG below is often a good cover/exit zone.
### 3.5 Core SMC Trading Templates
#### Reversal Long
1. Price trades down into a green Order Block (Demand Zone).
2. A bullish confirmation candle (Close > Open) forms inside or just above the OB.
3. If this zone is close to or aligned with a bullish FVG (yellow), the signal is reinforced.
4. Entry:
- At the close of the confirmation candle, or
- Using a limit order near the upper boundary of the OB.
5. Stop-loss:
- Slightly below the OB.
- If the OB is broken decisively and price consolidates below it, the zone loses validity.
6. Targets:
- The next FVG,
- Or the next red Order Block (Supply Zone) above.
#### Reversal Short
The mirror scenario:
- Price rallies into a red Order Block (Supply).
- A bearish confirmation candle forms (Close < Open).
- FVG/premium structure above can act as a confluence.
- Stop-loss goes above the OB.
- Targets: lower FVGs or subsequent green OBs below.
## Chapter 4 – Smart DCA Strategy (RSI + Bollinger Bands)
### 4.1 Smart DCA Concept
- Classic DCA = buying at fixed time intervals regardless of price.
- Smart DCA = scaling in only when:
- Price is statistically cheaper than usual, and
- The market is in a clear oversold condition.
Code logic:
rsi_val = ta.rsi(close, rsi_len)
= ta.bb(close, bb_len, bb_mult)
dca_buy = show_dca and rsi_val < 30 and close < bb_lower
dca_sell = show_dca and rsi_val > 70 and close > bb_upper
Conditions:
- DCA Buy – Smart Scale-In Zone
- RSI < 30 → oversold.
- Close < lower Bollinger Band → price has broken below its typical volatility envelope.
- DCA Sell – Overbought/Distribution Zone
- RSI > 70 → overbought.
- Close > upper Bollinger Band → price is extended far above the mean.
### 4.2 Visual Representation on the Chart
- Green “DCA” Label Below Candle
- Shape: `labelup`.
- Color: lime background, white text.
- Meaning: statistically attractive level for laddered spot entries or short exits.
- Red “SELL” Label Above Candle
- Warning that the market is in an extended, overbought condition.
- Suitable for profit-taking on longs or considering short entries (with proper confluence and risk management).
- Light Green Background (`bgcolor`)
- When `dca_buy` is true, the candle background turns very light green (high transparency).
- This helps visually identify DCA Zones across the chart at a glance.
### 4.3 Practical Use in Trading
#### Spot Trading
Used to build a better average entry price:
- Every time a DCA label appears, allocate a fixed portion of capital (e.g., 2–5%).
- Combining DCA signals with:
- Green OBs (Demand Zones), and/or
- The Volume Profile POC
makes the zone structurally more important.
#### Futures Trading
- Longs
- Use DCA Buy signals as low-risk zones for opening or adding to longs when:
- Price is inside a green OB, or
- The Dashboard already leans LONG.
- Shorts
- Use DCA Sell signals as:
- Exit zones for longs, or
- Areas to initiate shorts with stops above structural highs.
## Chapter 5 – Volume Profile (Visible Range Simulation)
### 5.1 Concept
Traditional volume (histogram under the chart) shows volume over time.
Volume Profile shows volume by price level:
- At which prices has the highest trading activity occurred?
- Where did buyers and sellers agree the most (High Volume Nodes – HVNs)?
- Where did price move quickly due to low participation (Low Volume Nodes – LVNs)?
### 5.2 Implementation in the Script
Executed only when `show_vp` is enabled and on the last bar:
1. The last `vp_lookback` bars (default 150) are processed.
2. The minimum low and maximum high over this window define the price range.
3. This price range is divided into `vp_rows` segments (e.g., 30 rows).
4. For each row:
- All bars are scanned.
- If the mid-price `(high + low ) / 2` falls inside a row, that bar’s volume is added to the row total.
5. The row with the greatest volume is stored as `max_vol_idx` (the POC row).
6. For each row, a volume box is drawn on the right side of the chart.
### 5.3 Color Scheme
- Semi-transparent Orange
- The row with the maximum volume – the Point of Control (POC).
- Represents the strongest support/resistance level from a volume perspective.
- Semi-transparent Blue
- Other volume rows.
- The taller the bar → the higher the volume → the stronger the interest at that price band.
### 5.4 Trading Applications
- If price is above POC and retraces back into it:
→ POC often acts as support, suitable for long setups.
- If price is below POC and rallies into it:
→ POC often acts as resistance, suitable for short setups or profit-taking.
HVNs (Tall Blue Bars)
- Represent areas of equilibrium where the market has spent time and traded heavily.
- Price tends to consolidate here before choosing a direction.
LVNs (Short or Nearly Empty Bars)
- Represent low participation zones.
- Price often moves quickly through these areas – useful for targeting fast moves.
## Chapter 6 – Wyckoff Helper – Spring
### 6.1 Spring Concept
In the Wyckoff framework:
- A Spring is a false break of support.
- The market briefly trades below a well-defined support level, triggers stop losses,
then sharply reverses upward as institutional buyers absorb liquidity.
This movement:
- Clears out weak hands (retail sellers).
- Provides large players with liquidity to enter long positions.
- Often initiates a new uptrend.
### 6.2 Code Logic
Conditions for a Spring:
1. The current low is lower than the lowest low of the previous 50 bars
→ apparent break of a long-standing support.
2. The bar closes bullish (Close > Open)
→ the breakdown was rejected.
3. Volume is significantly elevated:
→ `volume > 2 × volume_MA` (Ultra Volume).
When all conditions are met and `show_wyc` is enabled:
- A pink diamond is plotted below the bar,
- With the label “Spring” – one of the strongest long signals in this system.
### 6.3 Trading Use
- After a valid Spring, markets frequently enter a meaningful bullish phase.
- The highest quality setups occur when:
- The Spring forms inside a green Order Block, and
- Near or on the Volume Profile POC.
Entries:
- At the close of the Spring bar, or
- On the first pullback into the mid-range of the Spring candle.
Stop-loss:
- Slightly below the Spring’s lowest point (wick low plus a small buffer).
## Chapter 7 – Confluence Engine & Dashboard
### 7.1 Scoring Logic
For each bar, the script:
1. Resets `score` to 0.
2. Adjusts the score based on different signals.
SMC Contribution
if show_smc
if is_in_demand
score += 1
if is_in_supply
score -= 1
- Being in Demand → `+1`
- Being in Supply → `-1`
DCA Contribution
if show_dca
if dca_buy
score += 2
if dca_sell
score -= 2
- DCA Buy → `+2` (strong, statistically driven long signal)
- DCA Sell → `-2`
Wyckoff Spring Contribution
if show_wyc
if wyc_spring
score += 2
- Spring → `+2` (entry of strong money)
### 7.2 Mapping Score to Dashboard Signal
- score ≥ 2 → STRONG LONG 🚀
Multiple bullish conditions aligned.
- score = 1 → WEAK LONG ↗
Some bullish bias, but only one layer clearly positive.
- score = 0 → NEUTRAL / WAIT
Rough balance between buying and selling forces; staying flat is usually preferable.
- score = -1 → WEAK SHORT ↘
Mild bearish bias, suited for cautious or short-term plays.
- score ≤ -2 → STRONG SHORT 🩸
Convergence of several bearish signals.
### 7.3 Dashboard Structure
The dashboard is a two-column table:
- Row 0
- Column 0: `"Mars Signals"` – black background, white text.
- Column 1: `"UIS v3.0"` – black background, yellow text.
- Row 1
- Column 0: `"Price:"` (light grey background).
- Column 1: current closing price (`close`) with a semi-transparent blue background.
- Row 2
- Column 0: `"SMC:"`
- Column 1:
- `"ON"` (green) if `show_smc = true`
- `"OFF"` (grey) otherwise.
- Row 3
- Column 0: `"DCA:"`
- Column 1:
- `"ON"` (green) if `show_dca = true`
- `"OFF"` (grey) otherwise.
- Row 4
- Column 0: `"Signal:"`
- Column 1: signal text (`status_txt`) with background color `status_col`
(green, red, teal, maroon, etc.)
- If `show_rec = false`, these cells are cleared.
## Chapter 8 – Visual Legend (Colors, Shapes & Actions)
For quick reading inside TradingView, the visual elements are described line by line instead of a table.
Chart Element: Green Box
Color / Shape: Transparent green rectangle
Core Meaning: Bullish Order Block (Demand Zone)
Suggested Trader Response: Look for longs, Smart DCA adds, closing or reducing shorts.
Chart Element: Red Box
Color / Shape: Transparent red rectangle
Core Meaning: Bearish Order Block (Supply Zone)
Suggested Trader Response: Look for shorts, or take profit on existing longs.
Chart Element: Yellow Area
Color / Shape: Transparent yellow zone
Core Meaning: Bullish FVG / upside imbalance
Suggested Trader Response: Short take-profit zone or expected rebalance area.
Chart Element: Purple Area
Color / Shape: Transparent purple zone
Core Meaning: Bearish FVG / downside imbalance
Suggested Trader Response: Long take-profit zone or temporary supply region.
Chart Element: Green "DCA" Label
Color / Shape: Green label with white text, plotted below the candle
Core Meaning: Smart ladder-in buy zone, DCA buy opportunity
Suggested Trader Response: Spot DCA entry, partial short exit.
Chart Element: Red "SELL" Label
Color / Shape: Red label with white text, plotted above the candle
Core Meaning: Overbought / distribution zone
Suggested Trader Response: Take profit on longs, consider initiating shorts.
Chart Element: Light Green Background (bgcolor)
Color / Shape: Very transparent light-green background behind bars
Core Meaning: Active DCA Buy zone
Suggested Trader Response: Treat as a discount zone on the chart.
Chart Element: Orange Bar on Right
Color / Shape: Transparent orange horizontal bar in the volume profile
Core Meaning: POC – price with highest traded volume
Suggested Trader Response: Strong support or resistance; key reference level.
Chart Element: Blue Bars on Right
Color / Shape: Transparent blue horizontal bars in the volume profile
Core Meaning: Other volume levels, showing high-volume and low-volume nodes
Suggested Trader Response: Use to identify balance zones (HVN) and fast-move corridors (LVN).
Chart Element: Pink "Spring" Diamond
Color / Shape: Pink diamond with white text below the candle
Core Meaning: Wyckoff Spring – liquidity grab and potential major bullish reversal
Suggested Trader Response: One of the strongest long signals in the suite; look for high-quality long setups with tight risk.
Chart Element: STRONG LONG in Dashboard
Color / Shape: Green background, white text in the Signal row
Core Meaning: Multiple bullish layers in confluence
Suggested Trader Response: Consider initiating or increasing longs with strict risk management.
Chart Element: STRONG SHORT in Dashboard
Color / Shape: Red background, white text in the Signal row
Core Meaning: Multiple bearish layers in confluence
Suggested Trader Response: Consider initiating or increasing shorts with a logical, well-placed stop.
## Chapter 9 – Timeframe-Based Trading Playbook
### 9.1 Timeframe Selection
- Scalping
- Timeframes: 1M, 5M, 15M
- Objective: fast intraday moves (minutes to a few hours).
- Recommendation: focus on SMC + Wyckoff.
Smart DCA on very low timeframes may introduce excessive noise.
- Day Trading
- Timeframes: 15M, 1H, 4H
- Provides a good balance between signal quality and frequency.
- Recommendation: use the full stack – SMC + DCA + Volume Profile + Wyckoff + Dashboard.
- Swing Trading & Position Investing
- Timeframes: Daily, Weekly
- Emphasis on Smart DCA + Volume Profile.
- SMC and Wyckoff are used mainly to fine-tune swing entries within larger trends.
### 9.2 Scenario A – Scalping Long
Example: 5-Minute Chart
1. Price is declining into a green OB (Bullish Demand).
2. A candle with a long lower wick and bullish close (Pin Bar / Rejection) forms inside the OB.
3. A Spring diamond appears below the same candle → very strong confluence.
4. The Dashboard shows at least WEAK LONG ↗, ideally STRONG LONG 🚀.
5. Entry:
- On the close of the confirmation candle, or
- On the first pullback into the mid-range of that candle.
6. Stop-loss:
- Slightly below the OB.
7. Targets:
- Nearby bearish FVG above, and/or
- The next red OB.
### 9.3 Scenario B – Day-Trading Short
Recommended Timeframes: 1H or 4H
1. The market completes a strong impulsive move upward.
2. Price enters a red Order Block (Supply).
3. In the same zone, a purple FVG appears or remains unfilled.
4. On a lower timeframe (e.g., 15M), RSI enters overbought territory and a DCA Sell signal appears.
5. The main timeframe Dashboard (1H) shows WEAK SHORT ↘ or STRONG SHORT 🩸.
Trade Plan
- Open a short near the upper boundary of the red OB.
- Place the stop above the OB or above the last swing high.
- Targets:
- A yellow FVG lower on the chart, and/or
- The next green OB (Demand) below.
### 9.4 Scenario C – Swing / Investment with Smart DCA
Timeframes: Daily / Weekly
1. On the daily or weekly chart, each time a green “DCA” label appears:
- Allocate a fixed fraction of your capital (e.g., 3–5%) to that asset.
2. Check whether this DCA zone aligns with the orange POC of the Volume Profile:
- If yes → the quality of the entry zone is significantly higher.
3. If the DCA signal sits inside a daily green OB, the probability of a medium-term bottom increases.
4. Always build the position laddered, never all-in at a single price.
Exits for investors:
- Near weekly red OBs or large purple FVG zones.
- Ideally via partial profit-taking rather than closing 100% at once.
### 9.5 Case Study 1 – BTCUSDT (15-Minute)
- Context: Price has sold off down towards 65,000 USD.
- A green OB had previously formed at that level.
- Near the lower boundary of this OB, a partially filled yellow FVG is present.
- As price returns to this region, a Spring appears.
- The Dashboard shifts from NEUTRAL / WAIT to WEAK LONG ↗.
Plan
- Enter a long near the OB low.
- Place stop below the Spring low.
- First target: a purple FVG around 66,200.
- Second (optional) target: the first red OB above that level.
### 9.6 Case Study 2 – Meme Coin (PEPE – 4H)
- After a strong pump, price enters a corrective phase.
- On the 4H chart, RSI drops below 30; price breaks below the lower Bollinger Band → a DCA label prints.
- The Volume Profile shows the POC at approximately the same level.
- The Dashboard displays STRONG LONG 🚀.
Plan
- Execute laddered buys in the combined DCA + POC zone.
- Place a protective stop below the last significant swing low.
- Target: an expected 20–30% upside move towards the next red OB or purple FVG.
## Chapter 10 – Risk Management, Psychology & Advanced Tuning
### 10.1 Risk Management
No signal, regardless of its strength, replaces risk control.
Recommendations:
- In futures, do not expose more than 1–3% of account equity to risk per trade.
- Adjust leverage to the volatility of the instrument (lower leverage for highly volatile altcoins).
- Place stop-losses in zones where the idea is clearly invalidated:
- Below/above the relevant Order Block or Spring, not randomly in the middle of the structure.
### 10.2 Market-Specific Parameter Tuning
- Calmer Markets (e.g., major FX pairs)
- `ob_period`: 3–5.
- `bb_mult`: 2.0 is usually sufficient.
- Highly Volatile Markets (Crypto, news-driven assets)
- `ob_period`: 7–10 to highlight only the most robust OBs.
- `bb_mult`: 2.5–3.0 so that only extreme deviations trigger DCA.
- `vol_ma_len`: increase (e.g., to ~30) so that Spring triggers only on truly exceptional
volume spikes.
### 10.3 Trading Psychology
- STRONG LONG 🚀 does not mean “risk-free”.
It means the probability of a successful long, given the model’s logic, is higher than average.
- Treat Mars Signals as a confirmation and context system, not a full replacement for your own decision-making.
- Example of disciplined thinking:
- The Dashboard prints STRONG LONG,
- But price is simultaneously testing a multi-month macro resistance or a major negative news event is imminent,
- In such cases, trade smaller, widen stops appropriately, or skip the trade.
## Chapter 11 – Technical Notes & FAQ
### 11.1 Does the Script Repaint?
- Order Blocks and Springs are based on completed pivot structures and confirmed candles.
- Until a pivot is confirmed, an OB does not exist; after confirmation, behavior is stable under classic SMC assumptions.
- The script is designed to be structurally consistent rather than repainting signals arbitrarily.
### 11.2 Computational Load of Volume Profile
- On the last bar, the script processes up to `vp_lookback` bars × `vp_rows` rows.
- On very low timeframes with heavy zooming, this can become demanding.
- If you experience performance issues:
- Reduce `vp_lookback` or `vp_rows`, or
- Temporarily disable Volume Profile (`show_vp = false`).
### 11.3 Multi-Timeframe Behavior
- This version of the script is not internally multi-timeframe.
All logic (OB, DCA, Spring, Volume Profile) is computed on the active timeframe only.
- Practical workflow:
- Analyze overall structure and key zones on higher timeframes (4H / Daily).
- Use lower timeframes (15M / 1H) with the same tool for timing entries and exits.
## Conclusion
Mars Signals – Ultimate Institutional Suite v3.0 (Joker) is a multi-layer trading framework that unifies:
- Price structure (Order Blocks & FVG),
- Statistical behavior (Smart DCA via RSI + Bollinger),
- Volume distribution by price (Volume Profile with POC, HVN, LVN),
- Liquidity events (Wyckoff Spring),
into a single, coherent system driven by a transparent Confluence Scoring Engine.
The final output is presented in clear, actionable language:
> STRONG LONG / WEAK LONG / NEUTRAL / WEAK SHORT / STRONG SHORT
The system is designed to support professional decision-making, not to replace it.
Used together with strict risk management and disciplined execution,
Mars Signals – UIS v3.0 (Joker) can serve as a central reference manual and operational guide
for your trading workflow, from scalping to swing and investment positioning.
Student Wyckoff Effort Result Time **STUDENT WYCKOFF Effort vs Result**
This tool measures how *hard* the market is working on every bar and compares the current effort with the previous one. It is built in the spirit of Wyckoff: first we look at the effort (volume), then at the result (price progress), and only after that compare them.
---
### Calculation (logic in simple terms)
For each bar the script:
1. Takes an **ERT window (N bars)** – by default 2 bars:
* **Effort (E)** = sum of volume over the last N bars.
* **Time (T)** = number of bars in the window = N.
* **Result (R)** = absolute % price change from the first bar in the window to the last bar.
2. Computes **ERT** as the “effort per unit of result”:
* More volume and smaller price move → higher ERT (movement is heavy).
* Less volume and bigger price move → lower ERT (movement is easy).
3. Plots a **histogram of ΔERT** – the difference between the current ERT and the previous ERT:
* **Red bar above 0** – current ERT > previous ERT →
*the last N bars were heavier than the previous N bars*.
* **Teal bar below 0** – current ERT < previous ERT →
*the last N bars were easier than the previous N bars*.
4. Optional **normalization window** rescales ΔERT over the last M bars, so extreme spikes do not destroy the readability of the whole histogram. It does not change the logic, only the visual scale.
---
### How to use
* Look for **clusters of high red bars** – segments where price needs noticeably more effort than before to make progress. On up-moves this often appears before slowing, churning or topping; on down-moves it often appears near potential stopping zones.
* Look for **deep teal bars** – segments where price moves easier than before. On rallies this can confirm a strong trend; on declines it can confirm strong selling pressure.
* Divergences between price and the pattern of heavy/light ΔERT can highlight zones where the balance between effort and result is shifting.
Inputs:
* **ERT window (bars)** – how many bars are used to measure effort and result (N).
* **Normalize ΔERT for readability** – on/off for visual normalization.
* **Normalization window (bars)** – how many last bars are used to adapt the scale.
* Colors for “current ERT heavier than previous” and “current ERT lighter than previous”.
Smarter Money Concepts Dashboard [PhenLabs]📊Smarter Money Concepts Dashboard
Version: PineScript™v6
📌Description
The Smarter Money Concepts Dashboard is a comprehensive institutional trading analysis tool that combines six of our most powerful smarter money concepts indicators into one unified suite. This advanced system automatically detects and visualizes Fair Value Gaps, Inverted FVGs, Order Blocks, Wyckoff Springs/Upthrusts, Wick Rejection patterns, and ICT Market Structure analysis.
Built for serious traders who need institutional-grade market analysis, this dashboard eliminates subjective interpretation by automatically identifying where smart money is likely positioned. The integrated real-time dashboard provides instant status updates on all active patterns, making it easy to monitor market conditions at a glance.
🚀Points of Innovation
● Multi-Module Integration: Six different SMC concepts unified in one comprehensive system
● Real-Time Dashboard Display: Live tracking of all active patterns with customizable positioning
● Advanced Volume Filtering: Institutional volume confirmation across all pattern types
● Automated Pattern Management: Smart memory system prevents chart clutter while maintaining relevant zones
● Probability-Based Wyckoff Detection: Mathematical probability calculations for spring/upthrust patterns
● Dual FVG System: Both standard and inverted Fair Value Gap detection with equilibrium analysis
🔧Core Components
● Fair Value Gap Engine: Detects standard FVGs with volume confirmation and equilibrium line analysis
● Inverted FVG Module: Advanced IFVG detection using RVI momentum filtering for inversion confirmation
● Order Block System: Institutional order block identification with customizable mitigation methods
● Wyckoff Pattern Recognition: Automated spring and upthrust detection with probability scoring
● Wick Rejection Analysis: High-probability reversal patterns based on wick-to-body ratios
● ICT Market Structure: Simplified institutional concepts with commitment tracking
🔥Key Features
● Comprehensive Pattern Detection: All major SMC concepts in one indicator with automatic identification
● Volume-Confirmed Signals: Multiple volume filters ensure only institutional-grade patterns are highlighted
● Interactive Dashboard: Real-time status display with active pattern counts and module status
● Smart Memory Management: Automatic cleanup of old patterns while preserving relevant market zones
● Full Alert System: Complete notification coverage for all pattern types and signal generations
● Customizable Display Options: Adjustable colors, transparency, and positioning for all visual elements
🎨Visualization
● Color-Coded Zones: Distinct color schemes for bullish/bearish patterns across all modules
● Dynamic Box Extensions: Automatically extending zones until mitigation or invalidation
● Equilibrium Lines: Fair Value Gap midpoint analysis with dotted line visualization
● Signal Markers: Clear spring/upthrust signals with directional arrows and probability indicators
● Dashboard Table: Professional-grade status panel with module activation and pattern counts
● Candle Coloring: Wick rejection highlighting with transparency-based visual emphasis
📖Usage Guidelines
Fair Value Gap Settings
● Days to Analyze: Default 15, Range 1-100 - Controls historical FVG detection period
● Volume Filter: Enables institutional volume confirmation for gap validity
● Min Volume Ratio: Default 1.5 - Minimum volume spike required for gap recognition
● Show Equilibrium Lines: Displays FVG midpoint analysis for precise entry targeting
Order Block Configuration
● Scan Range: Default 25 bars - Lookback period for structure break identification
● Volume Filter: Institutional volume confirmation for order block validation
● Mitigation Method: Wick or Close-based invalidation for different trading styles
● Min Volume Ratio: Default 1.5 - Volume threshold for significant order block formation
Wyckoff Analysis Parameters
● S/R Lookback: Default 20 - Support/resistance calculation period for spring/upthrust detection
● Volume Spike Multiplier: Default 1.5 - Required volume increase for pattern confirmation
● Probability Threshold: Default 0.7 - Minimum probability score for signal generation
● ATR Recovery Period: Default 5 - Price recovery calculation for pattern strength assessment
Market Structure Settings
● Auto-Detect Zones: Automatic identification of high-volume thin zones
● Proximity Threshold: Default 0.20% - Price proximity requirements for zone interaction
● Test Window: Default 20 bars - Time period for zone commitment calculation
Display Customization
● Dashboard Position: Four corner options for optimal chart layout
● Text Size: Scalable from Tiny to Large for different screen configurations
● Pattern Colors: Full customization of all bullish and bearish zone colors
✅Best Use Cases
● Swing Trading: Identify major institutional zones for multi-day position entries
● Day Trading: Precise intraday entries at Fair Value Gaps and Order Block boundaries
● Trend Analysis: Market structure confirmation for directional bias establishment
● Risk Management: Clear invalidation levels provided by all pattern boundaries
● Multi-Timeframe Analysis: Works across all timeframes from 1-minute to monthly charts
⚠️Limitations
● Market Condition Dependency: Performance varies between trending and ranging market environments
● Volume Data Requirements: Requires accurate volume data for optimal pattern confirmation
● Lagging Nature: Some patterns confirmed after initial price movement has begun
● Pattern Density: High-volatility markets may generate excessive pattern signals
● Educational Tool: Requires understanding of smart money concepts for effective application
💡What Makes This Unique
● Complete SMC Integration: First indicator to combine all major smart money concepts comprehensively
● Real-Time Dashboard: Instant visual feedback on all active institutional patterns
● Advanced Volume Analysis: Multi-layered volume confirmation across all detection modules
● Probability-Based Signals: Mathematical approach to Wyckoff pattern recognition accuracy
● Professional Memory Management: Sophisticated pattern cleanup without losing market relevance
🔬How It Works
1. Pattern Detection Phase:
● Multi-timeframe scanning for institutional footprints across all enabled modules
● Volume analysis integration confirms patterns meet institutional trading criteria
● Real-time pattern validation ensures only high-probability setups are displayed
2. Signal Generation Process:
● Automated zone creation with precise boundary definitions for each pattern type
● Dynamic extension system maintains relevance until mitigation or invalidation occurs
● Alert system activation provides immediate notification of new pattern formations
3. Dashboard Update Cycle:
● Live status monitoring tracks all active patterns and module states continuously
● Pattern count updates provide instant feedback on current market condition density
● Commitment tracking for market structure analysis shows institutional engagement levels
💡Note:
This indicator represents institutional trading concepts and should be used as part of a comprehensive trading strategy. Pattern recognition accuracy improves with understanding of smart money principles. Combine with proper risk management and multiple confirmation methods for optimal results.
[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.
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!
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:
sVPSA - standardized Volume Price Spread AnalysisDear Analysts and Traders,
I want to introduce my new indicator - sVPSA - standardized Volume Price Spread Analysis. For me, this script is helpfully in Technical Analysis mainly with Wyckoff and VSA methodologies. Maybe You are in circle of people who used my previous script - normalized Volume Price Spread Analysis. I work with him a lot of time, but I come to a conclusion that I can do better...
Theory concept...
What is a big volume? How big was this spread? It was extreme high or just high? How to do an answer for this and a lot other questions related to this subject? My thoughts was directed to statistics. In my first script I used to x/max normalized data. It was good, but susceptible for high deviation events. So, I choose standardization method with smaller sensitivity on violent events - z-Score standardization Description of z-Score formula:
Z = (x-mean)/standard deviation
Probability of event are descriptive by probability density function - The Normal Distribution.
en.wikipedia.org
en.Wikipedia.org
This is base of script methodology, let’s go deeper in indicator.
X axis is time, date. Y axis is standard deviation. Narrow bar represent price spread, wide one is volume. Colors are corresponding to deviation, blue < sigma, green > sigma, red > 2*sigma and fuchsia > 3*sigma. Appearance is full editable.
Data collection starts from left to right. There is two possibilities to use, constans number of bars or visible data range, also indicator permit to overscore linear regression from data. There is a possibility to set an alert.
Short introduction how put an interpretation on visualized data.
For this example I used constans value of data collection, 52 bars. So, from left I see great, fuchsia volume bar with low spread. This record respond Celsius withdrawals pause. This is bar with the biggest volume on presented chart, more than four sigmas. Spread value is near one sigma. I should consider this via one of Wyckoffs laws - effort vs result. I see a three bars in turn, they tenor tells me that bear market is possible near end. Accumulation structure near new year, spring test and bullish momentum bar near march are approval of this idea. Next high spread bars have volume near mean value. Effort is low but result is great. Interesting is last bar, with -2,8 deviation of volume. I see the lowest volume value on chart, so he’s deviation is strong to negative side. This script require a little of practise and can be a potent tool in Technical Analysis.
If You have a concept how to improve my script or You experience bug, please, send me feedback.
I hope that You consider my work as useful.
I wish You great trades and faultless analysis.
CatTheTrader
MAutoFloorCeiling* MAutoFloorCeiling Indicator *
The MAutoFloorCeiling indicator is a powerful algorithm utilizing Wyckoffian concepts of Supply, Demand, and Volume Climaxes to determine and draw Support / Resistance levels automatically. It is the culmination of over 2 years of research. Drawing Support / Resistance lines automatically is a tremendous benefit to the trader as this provides structure to price and exposes market movement as well as which areas price is likely to respect or break out of.
* WHAT THE SCRIPT DOES *
The MAutoFloorCeiling algorithm draws Floor and Ceiling lines automatically. The price points at which these lines are drawn at are areas of increasing Supply, Demand, or Volume Climax respective to their Price Levels. Areas of Volume Climaxes are often respected by price, since price tends to return to them or break out of them, and hence form powerful Support / Resistance levels.
* HOW TO USE IT *
Floor and Ceiling lines correspond to Support and Resistance lines. When a line is draw consider the following questions
Is it a top / bottom?
Is it support / resistance?
Is it a breakout / breakdown?
Is it a pullback?
* HOW IT WORKS *
1. There are 2 types of lines: Floors and Ceilings
2. A Floor Line is drawn when there is a "Selling Volume Bias" (Volume Climaxes on downward price movement)
More Floor Lines get drawn if market continues to go lower combined with a "Selling Volume Bias"
3. A ceiling line is drawn when there is a "Buying Volume Bias" (Volume Climaxes on upward price movement)
More ceiling lines get drawn if market continues to go higher combined with a "Buying Volume Bias"
4. There is a 1 bar delay to confirm the creation of a new floor / ceiling line.
Once the new floor / ceiling is created, it draws forward with no delay.
* EXAMPLE AND USE CASES *
MAutoFloorCeiling draws lines that can be used as effective Support / Resistance Levels, Breakout Lines, and Pullback areas. Studying the Volume at these levels can provide insight as to where price is likely to go.
You can scan for Trend Like behavior such as
More Demand on Higher High = Increase in Volume on a Higher Ceiling
More Supply on Lower Low = Increase in Volume on a Lower Floor
You can scan for divergences such as
Less Demand on Higher High = Lower volume on a Higher Ceiling
Less Supply on on Lower Low = Lower volume on a Lower Floor
Pullbacks
A lower ceiling is representative of a pullback when price is going down.
A higher floor is representative of a pullback when price is going up.
You can inspect instances where the thrust of price is shortened, which means the distance between Ceiling or Floor lines becomes less as price struggles to continue in the direction it was moving. Or conversely the thrust of price as shown by the Floor / Ceiling lines can expand, which is indicative of a trend forming.
* AUTHOR *
This script is published by MBoxWave LLC
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.
🎯 Wyckoff Scalping Pro V2🎯 Wyckoff Scalping Pro V2
Short Description:
Advanced Wyckoff methodology combined with order flow, liquidity analysis, and multi-factor scoring system. Professional-grade scalping and day trading tool with 10-point signal strength rating.
Full Description:
Wyckoff Scalping Pro V2 is a comprehensive trading system that combines classical Wyckoff methodology with modern Smart Money Concepts for precision entries in any timeframe.
🎯 What Makes This System Unique?
Unlike basic indicators that just show patterns, this system uses a 10-Point Scoring System to rate every potential trade:
Signal Strength Components:
✅ Wyckoff Patterns (3 points) - Spring, Upthrust, SOS, SOW
✅ Liquidity Grabs (2 points) - Smart Money stop hunts
✅ Trend Alignment (2 points) - Current timeframe trend
✅ HTF Alignment (2 points) - Higher timeframe confirmation
✅ Volume Confirmation (1 point) - Extreme volume spikes
Only signals with 5+ points are displayed, ensuring you only see high-probability setups!
🔥 Core Features
📊 1. Wyckoff Methodology
Four classic accumulation/distribution patterns:
SPRING (Bullish Reversal)
Price breaks below swing low
Quick recovery with volume
Stop losses swept → reversal up
3-point signal component
UPTHRUST (Bearish Reversal)
Price breaks above swing high
Quick rejection with volume
Bull trap → reversal down
3-point signal component
SOS (Sign of Strength)
Strong bullish candle after accumulation
Breakout with volume
Trend initiation signal
SOW (Sign of Weakness)
Strong bearish candle after distribution
Breakdown with volume
Downtrend initiation signal
💹 2. Order Flow Analysis
Order Blocks
Institutional buying/selling zones
Automatic detection based on strong moves
Limited to 10 zones for clean charts
Transparent boxes for minimal clutter
Fair Value Gaps (FVG)
Price imbalances likely to be filled
Minimum size filter (customizable)
Blue (bullish) and purple (bearish)
Maximum 8 gaps shown
Supply & Demand Zones (Optional)
Classic S/D methodology
Fresh zones only
Toggle on/off for preferences
Professional zone labeling
💧 3. Liquidity Analysis
Liquidity Grabs Detection
Identifies sweep of swing highs/lows
Confirms with volume and candle structure
Yellow labels for visibility
Only major liquidity events shown
Why This Matters:
Smart money often "hunts stops" by sweeping liquidity before reversing. These grabs are powerful reversal signals.
📈 4. Multi-Timeframe Trend Analysis
Current Timeframe:
Fast EMA (default: 9)
Slow EMA (default: 21)
Major trend EMA (default: 200)
Higher Timeframe:
Customizable HTF (default: 15min)
Automatic alignment check
Background tint shows HTF trend
Can require HTF confirmation for signals
🎯 5. Two Trading Modes
STRICT MODE (Default - Recommended)
Requires trend alignment
HTF must confirm
Minimum 5/10 strength
Higher win rate, fewer signals
Best for beginners
FAST MODE
No trend requirements
HTF optional
Minimum 5/10 strength
More signals, lower win rate
For experienced scalpers
📊 6. Live Dashboard
Real-time information panel showing:
Current TF trend (Bull/Bear)
HTF trend status
Volume analysis (Normal/High/Extreme)
Major trend (Above/Below 200 EMA)
Active signal (LONG/SHORT/WAIT)
Signal strength (X/10 points)
Operating mode (Strict/Fast)
⚙️ Customization
Signal Filter Settings:
Min Signal Strength: 3-9 (default: 5)
→ Higher = fewer but better signals
Signal Cooldown: 1-20 bars (default: 5)
→ Prevents signal spam
Strict Mode: ON/OFF
→ Requires trend + HTF alignment
Wyckoff Settings:
Wyckoff Period: 10+ (default: 20)
→ Lookback for pattern detection
Volume Threshold: 1.5+ (default: 2.0)
→ How much above average for confirmation
Order Flow:
Order Blocks: Toggle ON/OFF
Liquidity Grabs: Toggle ON/OFF
Fair Value Gaps: Toggle ON/OFF
FVG Min Size: 0.2-5% (default: 0.5%)
Supply/Demand Zones: Toggle ON/OFF (default: OFF)
Trend Filter:
Fast EMA: Default 9
Slow EMA: Default 21
Major EMA: Default 200
Use 200 EMA Filter: Toggle
Multi-Timeframe:
HTF Timeframe: Any (default: 15min)
Require HTF Alignment: Toggle
💡 How To Use
For Scalping (M1-M5):
Set HTF to M15
Use Strict Mode
Min Signal Strength: 6
Focus on liquidity grabs
Quick in and out
For Day Trading (M15-H1):
Set HTF to H1 or H4
Use Strict Mode
Min Signal Strength: 5
Watch all components
Swing for larger moves
For Swing Trading (H4-D1):
Set HTF to Daily or Weekly
Use Strict Mode
Min Signal Strength: 7
Disable S/D zones (less clutter)
Hold for days
🎯 Entry Rules
LONG Entry:
Required:
Green triangle appears below bar
Label shows "LONG"
Strength ≥ 5/10 in dashboard
Optional (for higher probability):
Strength 7+/10
Spring or SOS pattern present
Liquidity grab occurred
HTF shows green trend
Above 200 EMA
Stop Loss:
Below order block or swing low
10-20 pips buffer
Take Profit:
Next supply zone or opposite order block
Minimum 1:2 RRR
SHORT Entry:
Required:
Red triangle appears above bar
Label shows "SHORT"
Strength ≥ 5/10 in dashboard
Optional (for higher probability):
Strength 7+/10
Upthrust or SOW pattern present
Liquidity grab occurred
HTF shows red trend
Below 200 EMA
Stop Loss:
Above order block or swing high
10-20 pips buffer
Take Profit:
Next demand zone or opposite order block
Minimum 1:2 RRR
📊 Best Markets & Timeframes
✅ Forex
All major pairs (EUR/USD, GBP/USD, etc.)
Best on M5-H1
High liquidity = cleaner signals
✅ Gold (XAUUSD)
Excellent for scalping
M5-M15 optimal
Strong liquidity events
✅ Crypto
Bitcoin, Ethereum
M15-H1 recommended
Volatile = more opportunities
✅ Indices
S&P 500, NASDAQ, etc.
M15-H4 optimal
Clear trends
✅ Stocks
Large cap only
Day trading timeframes
Sufficient volume required
🔔 Alert System
Available Alerts:
🟢 LONG Entry Signal
🔴 SHORT Entry Signal
🟡 Bullish Liquidity Grab
🟡 Bearish Liquidity Grab
🔵 Spring Pattern
🔴 Upthrust Pattern
Alert Messages Include:
Ticker symbol
Current price
Signal strength (X/10)
Pattern type
Recommended Setup:
Enable LONG and SHORT entry alerts
Set to "Once Per Bar Close"
Notification to mobile app
📈 Performance Expectations
Realistic Win Rates:
Strict Mode (5/10 min, with trend):
Win Rate: 65-75%
Signals: 3-8 per day (M15)
Best for: Most traders
Strict Mode (7/10 min, HTF aligned):
Win Rate: 75-85%
Signals: 1-3 per day (M15)
Best for: Conservative traders
Fast Mode (5/10 min, no filters):
Win Rate: 55-65%
Signals: 10-20 per day (M15)
Best for: Experienced scalpers
With Liquidity Grabs:
Win Rate: +10-15% increase
Reversal probability very high
Combine with Wyckoff for best results
💎 Pro Tips
Tip #1: Combine Patterns
Best Setup = Liquidity Grab + Spring/Upthrust
→ 80%+ win rate
→ Smart money confirmed on both sides
Tip #2: Use Signal Strength
5-6 points = OK to trade
7-8 points = Excellent trade
9-10 points = Rare, perfect setup
Tip #3: HTF Alignment
When HTF agrees with signal:
→ Larger position size allowed
→ Wider profit targets
→ Higher probability
Tip #4: Volume Matters
"EXTREME" volume in dashboard:
→ Institutional activity confirmed
→ Higher confidence in setup
→ Stronger moves expected
Tip #5: Clean Charts
Turn OFF S/D zones for day trading
Keep only Order Blocks + FVG
Less clutter = better focus
Tip #6: Signal Cooldown
Increase cooldown during:
→ Low volatility periods
→ Range-bound markets
→ To avoid overtrading
Decrease cooldown during:
→ High volatility
→ Trending markets
→ Major news events
🎨 Visual Design
Clean & Professional:
Minimal chart clutter
Only essential information
Transparent zones (92-95%)
Clear signal markers
Professional color scheme
Information Hierarchy:
Entry signals = LARGEST (impossible to miss)
Liquidity grabs = Medium (yellow labels)
Wyckoff patterns = Small (diamonds)
Zones = Transparent backgrounds
🆚 Comparison to Other Indicators
vs. Basic Order Block Indicators:
✅ Multi-factor scoring system
✅ Wyckoff patterns included
✅ Liquidity analysis built-in
✅ HTF confirmation
✅ Volume analysis vs. Simple Wyckoff Indicators:
✅ Order flow integration
✅ Fair value gaps
✅ Signal strength rating
✅ Multi-timeframe analysis
✅ Professional dashboard vs. Complex "All-in-One" Tools:
✅ Not overwhelming
✅ Focused on what matters
✅ Clean visual design
✅ Fast calculations
✅ Beginner-friendly with pro features
🎯 Who Is This For?
✅ Perfect For:
Scalpers (M1-M5)
Day traders (M15-H1)
Swing traders (H4-D1)
Traders learning Wyckoff
Anyone wanting quality over quantity
Traders seeking multi-confirmation
⚠️ Not Ideal For:
Complete beginners (learn basics first)
"Signal chasers" wanting 50+ signals/day
Traders who don't use stop losses
Very long-term investors
📚 Educational Value
This indicator teaches you:
Classical Wyckoff methodology
How institutions hunt liquidity
Order flow analysis
Multi-timeframe confluence
Volume analysis importance
Risk management through scoring
Learn while you trade!
⚡ Technical Specifications
Pine Script v5
Optimized for speed
No repainting
Real-time calculations
Maximum 200 boxes (clean limits)
Maximum 200 lines
Efficient array management
Works on all liquid markets
🚀 Getting Started (Quick Guide)
Add to Chart
Apply to your favorite pair
Default settings work well
Choose Your Mode
Strict Mode: ON (recommended)
HTF: Set to 15min (or higher for H1+ charts)
Set Alerts
LONG Entry Signal
SHORT Entry Signal
Start Small
Demo trade first
Watch signal strength
Learn the patterns
Scale Up
Once comfortable
Increase position size
Focus on 7+ strength signals
🎯 Final Thoughts
Wyckoff Scalping Pro V2 is not just an indicator - it's a complete trading system that respects your screen space while giving you professional-grade analysis.
The 10-point scoring system ensures you're never guessing about signal quality. You always know exactly how strong a setup is before entering.
Quality over quantity - This system prioritizes high-probability setups over signal spam. You might see 3-8 signals per day on M15, and that's exactly the point. Each one is carefully filtered.
📞 Support & Feedback
Questions? Drop a comment below!
Found this useful? Hit that ⭐ button!
Have suggestions? I'm listening!
Happy Trading! 🚀📈
🎯 Wyckoff Order Block Entry System🎯 Wyckoff Order Block Entry System
📝 INDICATOR DESCRIPTION
🎯 Wyckoff Order Block Entry System Short Description:
Professional institutional zone trading combined with Wyckoff methodology. Identifies high-probability entries where smart money meets classic price action patterns.
Full Description:
Wyckoff Order Block Entry System is a precision trading tool that combines two powerful concepts:
Order Blocks - Institutional zones where large players place their orders
Wyckoff Method - Classic price action patterns revealing smart money behavior
🎯 What Makes This Different?
Unlike traditional indicators that flood your chart with signals, this system only triggers entries when BOTH conditions are met:
Price enters an institutional Order Block zone (current timeframe OR higher timeframe)
A Wyckoff pattern occurs (Spring, SOS, Upthrust, or SOW)
This dual-confirmation approach ensures you're trading with institutional flow at optimal entry points.
📊 Key Features:
✅ Order Block Detection
Automatically identifies institutional buying/selling zones
Current timeframe order blocks (solid lines)
Higher timeframe order blocks (dashed lines) for stronger zones
Customizable strength and extension settings
✅ 4 Wyckoff Entry Patterns
SPRING (Bullish Reversal): Fake breakdown below support → Quick recovery
SOS (Sign of Strength): Strong bullish candle after accumulation
UPTHRUST (Bearish Reversal): Fake breakout above resistance → Quick rejection
SOW (Sign of Weakness): Strong bearish candle after distribution
✅ Clean Visual Design
Minimalist approach - only essential information
Color-coded zones (Green = Bullish, Red = Bearish, Cyan/Magenta = HTF)
Clear entry signals with pattern type labels
No chart clutter - focus on what matters
✅ Multi-Timeframe Analysis
Integrates higher timeframe order blocks
HTF signals marked with "+HTF" tag for extra confidence
Fully customizable HTF selection (H1, H4, Daily, etc.)
✅ Smart Alerts
Entry signal alerts (Long/Short)
Order block formation alerts
HTF order block alerts
Customizable alert messages
💡 How To Use:
Setup: Add indicator to your chart, configure HTF timeframe (default H1)
Wait: Let order blocks form (green/red boxes appear)
Watch: Price returns to order block zone
Entry: Signal appears when Wyckoff pattern confirms
Trade: Enter with the signal, stop below/above order block
📈 Best For:
Forex pairs (all majors and crosses)
Gold (XAUUSD)
Crypto (BTC, ETH, etc.)
Indices (SPX, NAS100, etc.)
Stocks
Commodities
⏱️ Recommended Timeframes:
M15 for scalping
M30 for day trading
H1 for swing trading
H4 for position trading
🎯 Win Rate Expectations:
Current TF signals: 60-70%
HTF signals (+HTF tag): 70-80%
Spring/Upthrust patterns: Highest probability
Works on ALL liquid markets
⚙️ Customizable Settings:
Order block detection parameters
HTF timeframe selection
Wyckoff sensitivity (swing length, volume threshold)
Zone extension duration
Color schemes
📚 Trading Strategy:
This indicator works best when:
Trading in the direction of higher timeframe trend
Using proper risk management (1-2% per trade)
Placing stops just outside order block zones
Taking profits at opposite order blocks
Focusing on HTF signals for higher quality
🔒 Risk Management:
Always use stop losses! Recommended placement:
LONG: 10-20 pips below order block
SHORT: 10-20 pips above order block
Target: Minimum 1:2 risk/reward ratio
💎 Why Traders Love This System:
"Finally, an indicator that doesn't spam my chart with useless signals!" - The quality-over-quantity approach means you only get high-probability setups.
"The HTF order blocks changed my trading!" - Multi-timeframe analysis built-in removes the need for manual higher timeframe checks.
"Wyckoff + Order Blocks = Perfect combination!" - Two proven concepts working together create powerful confluence.
📊 Universal Application:
This system works on ANY liquid market with sufficient volume:
✅ Forex (EUR/USD, GBP/USD, USD/JPY, etc.)
✅ Commodities (Gold, Silver, Oil, etc.)
✅ Indices (S&P 500, NASDAQ, DAX, etc.)
✅ Cryptocurrencies (Bitcoin, Ethereum, etc.)
✅ Stocks (Large cap with good liquidity)
🎓 Educational Value:
Beyond just signals, this indicator teaches you:
How institutional traders think
Where smart money places orders
Classic Wyckoff accumulation/distribution patterns
Multi-timeframe analysis techniques
⚡ Performance:
Lightning-fast calculations
No repainting
Real-time signal generation
Clean code, optimized for speed
🚀 Get Started:
Add to your favorite chart
Adjust HTF timeframe to match your trading style
Wait for high-quality signals
Trade with confidence
Remember: Quality beats quantity. This system prioritizes precision over frequency. You might see 2-5 signals per day on M30 - and that's exactly the point. Each signal is carefully filtered for maximum probability.
Ready to trade like institutions?
👉 Add this indicator to your chart now
👉 Configure your preferred HTF timeframe
👉 Start catching high-probability setups
👉 Trade smarter, not harder
Questions or feedback? Drop a comment below!
Found this useful? Hit that ⭐ button and share with fellow traders!
Happy Trading! 🚀📈
TTF SMC ToolkitGreetings and welcome to another community indicator from TTF! This indicator is our attempt to build a suite of tools for use in Smart Money Concepts (SMC) and Price Action style trading strategies. If you aren't familiar with these models, we'd encourage you to do some independent research on them to find out how to properly use these models and the tools included in this indicator.
Important! To utilize all features of this indicator fully, please select "Bring to front" under the visual order menu.
All of the fundamental concepts of this toolkit revolve around smart money concepts and price action trading, here are some key concepts of this indicator's different features:
DR (defining range): This is a technique that uses the candle wicks (high and low of price) during a specific hour of a trading session to create a trading framework to help visualize order flow. When price breaks the high of the range, there is a very high statistical probability based on price action history, that the bottom of the range won't be traded past for the rest of that trading session. Vice versa for price breaking the low of the range.
IDR (implied defining range): Similar to DR above, this method uses the candle body (open and close of price) of price during a specific hour of a trading session to help create a trading framework to help visualize order flow.
Equilibrium: Any range can be objectively divided into a top and bottom half. The equilibrium represents the 50% mark between a range high and a range low. It is most often plotted with a fibonacci tool.
Fair Pricing Model: This is a hypothesis postulating that "big money" (a.k.a. "market movers", "institutional investors", etc.) seeks to buy in the discount area of any given price range, and sell in the premium area of that same range. See DR and IDR for examples of possible techniques to help identify and define the price range to apply to this model.
Non-discretionary Levels: This is essentially a fancy way of saying that the levels drawn by this indicator are strictly rules-based, and will always behave in the following manner:
1. For a given trading session, once the levels are drawn, they will remain constant throughout the rest of the trading session, no matter what price does afterwards.
2. The levels drawn will be drawn using the same rules every single day, without human bias or discretion.
Williams Fractals: This fractal pattern is based upon a specific candlestick pattern sequence. For a bullish Williams fractal, you will see X number of falling candles, followed by X number of rising candles. The candle at the fulcrum (bottom or top of the fractal structure) is where the fractal will print. a bearish fractal will be the inverse of this pattern. Note that this is a lagging indicator as it takes X candles after the fulcrum candle for the fractal pattern to complete. In most common cases, the value of X is 2 (2 falling candles, the fulcrum candle, and 2 rising candles) for a total of 5 candles to complete the fractal pattern. You can find more information in this article, which describes this type of fractal: www.investopedia.com
Fractal Wyckoff Accumulation/Distribution: The Wyckoff Method is used by investors and traders to determine market trends, select investments, and time the placement of trades. It can help them identify the times at which big players are accumulating (or distributing) positions in a security. Fractal Wyckoff accumulation/distribution refers to watching the process occur on a lower timeframe, from a higher timeframe. For more information on the Wycoff Theory, you can see this article: www.investopedia.com
Now that we've covered some terms and definitions, let's cover the 4 major components included in this indicator.
ICT NY Midnight/NY Open (08:30 NY time):
The first piece of the indicator being displayed here is the ICT midnight and 8:30am NY price lines. These lines can be used as non-discretionary levels, or as intra-day premium/discount as part of a fair-pricing model.
DR/IDR:
Initially developed by TheMas7er, DR stands for defining range, and it highlights a range during high volume periods of the day that can act as non-discretionary levels, with very high historical accuracy.
Williams Fractals
Williams Fractals denote fractal market structure, and can be used to mechanically create ranges and view potential liquidity pools in a similar manner to using pivot points.
Triple M:
This tool highlights wicks that represent fractal Wyckoff accumulation and distribution. This pattern can be used an a potential entry trigger when paired with other confluences.
And now that we've covered the core concepts/definitions and an overview of each major component of this indicator, it's time to bring everything together by giving an example of how these tools can be used to define a strategy.
Before NYSE open, turn on the price lines to get a sense of whether price is in the premium or discount of the daily fair-pricing model.
Once NYSE market opens, wait for DR/IDR to establish and break its range.
If the bias from DR/IDR aligns with the fair pricing model from the ICT price lines, you could look for a fractal Wyckoff entry during a retracement.
Disclaimer: This strategy is provided purely as an example and has not been tested by us. Please do your own due diligence by thoroughly backtesting and forward-testing on a demo account befor using any proposed strategy live market with real money!
Important! To utilize all features of this indicator fully, please select "Bring to front" under the visual order menu.
STUDENT WYCKOFF Smart RSISTUDENT WYCKOFF Smart RSI is not just “RSI above 70 / below 30”.
It adapts its levels to volatility, highlights real extreme zones and marks the moments when momentum is leaving them.
Use it to see where buying or selling pressure is truly exhausting and combine it with your own price action and Wyckoff logic.
STUDENT WYCKOFF Smart RSI is a flexible, context-driven version of the classic RSI. It is designed for traders who want to read momentum in a more intelligent way than just “RSI above 70, RSI below 30”.
━━━━━━━━━━
1. Concept
━━━━━━━━━━
Instead of fixing RSI to one rigid set of levels, this script lets you choose how sensitive you want the oscillator to be and how you want to visualize that information:
• Classic 70/30 – standard overbought/oversold bands, familiar to most traders.
• Aggressive 80/20 – fewer but more extreme signals, useful for strong trends.
• Dynamic Std Bands – adaptive zones based on the mean and standard deviation of RSI, so the levels “breathe” with volatility rather than staying flat.
The goal is not to create magic entry signals, but to give you a clean, configurable picture of buying/selling pressure that fits different market conditions and styles of trading.
━━━━━━━━━━
2. RSI logic and plotting
━━━━━━━━━━
• Base indicator: standard RSI calculated on a chosen source (by default – close) with a configurable length.
• Optional smoothing: a short SMA of RSI (signal length) to reduce noise. If you set the smoothing length to 1, the script plots the raw RSI.
• Auto-coloring:
– Above 50 → “bullish pressure” color.
– Below 50 → “bearish pressure” color.
– Around 50 → neutral color.
You can fully customize all colors directly in the settings.
The script can also show:
• Overbought / oversold level lines (depending on the selected mode).
• A middle line at 50 to quickly see which side of the market is dominant.
• Background highlighting when RSI is inside overbought or oversold zones, so you can read the context at a glance without staring at numbers.
━━━━━━━━━━
3. Smart zone exits and signals
━━━━━━━━━━
Instead of signaling every time RSI simply “touches” a level, the script focuses on exits from extreme zones:
• LONG context signal
– RSI has been below the lower band (oversold).
– Then RSI crosses back above this lower band.
– A small green upward triangle is plotted at the RSI value.
• SHORT context signal
– RSI has been above the upper band (overbought).
– Then RSI crosses back below this upper band.
– A small red downward triangle is plotted at the RSI value.
All signals are calculated only on bar close using `barstate.isconfirmed`. This helps reduce repaint-like behaviour and makes the signals more reliable for alerts and discretionary decision-making.
These signals are NOT a complete trading system. They are context markers that tell you: “momentum is leaving an extreme zone, pay attention to the price action, volume and higher-timeframe structure”.
━━━━━━━━━━
4. Alerts
━━━━━━━━━━
The script contains two built-in alertconditions with constant messages:
• STUDENT WYCKOFF Smart RSI LONG – triggers when RSI exits the oversold zone upward.
• STUDENT WYCKOFF Smart RSI SHORT – triggers when RSI exits the overbought zone downward.
To use them:
1. Add the indicator to your chart.
2. Open the Alerts panel in TradingView.
3. Choose this script as the condition.
4. Select one of the available alert names (LONG or SHORT).
5. Set your preferred timeframe, expiry and notification method.
Once configured, the alerts will inform you every time a new arrow appears.
━━━━━━━━━━
5. How to use in practice
━━━━━━━━━━
• Works on any symbol and timeframe supported by TradingView.
• On higher timeframes, the Dynamic Std Bands mode can help you see where RSI is “statistically unusual” relative to its recent behaviour.
• On lower timeframes, Classic or Aggressive modes can help filter noise by waiting for strong expansions of momentum and subsequent exits.
• Combine the signals with your own price action, Wyckoff logic, volume analysis, trend structure and risk management. RSI alone should never be the only reason to enter or exit a position.
━━━━━━━━━━
6. Disclaimer
━━━━━━━━━━
This script is published for educational and analytical purposes only. It does not provide financial, investment or trading advice and does not guarantee any results. Always test tools on historical data, understand the logic behind them and use proper risk management according to your own trading plan.
Pure Wyckoff V50R [Region Based]Pure Wyckoff V50R — Regional Wyckoff Volume-Price Structure Scanner
This script implements a semi-automatic Wyckoff volume–price analysis based purely on regional behaviour, not on single candles. Instead of trying to label every bar, it analyses the last N candles (default ≥ 50) and their volume distribution to estimate whether the market is in an accumulation, distribution or trend phase.
Main features:
🔍 Region-based structure detection
Scans the last regLen bars to find the trading range, then attempts to locate key Wyckoff points such as
SC (Selling Climax), AR, ST, Spring, UT, LPSY, and draws the SC–AR band when a structure is active.
⚖️ Supply–demand balance
Uses regional bullish vs bearish volume to show whether Demand > Supply, Supply > Demand, or Balanced for the current range.
🧠 Phase & decision panel
For the current bar the panel summarises:
overall structure (bullish / bearish / ranging),
approximate Wyckoff phase (e.g. “A phase: SC→AR rally”, “B phase: top distribution zone”, “Bottom testing zone”),
VSA-style bar reading (no supply, effort vs result, SOW, etc.),
current key signal (Spring / UT / LPSY / ST / Trend),
one-line short-term and long-term trading bias.
📊 Scoreboard
Simple scores for structure, volume and trend to give a quick “bullish / bearish / neutral” overview.
Recommended use:
Designed mainly for higher timeframes (Daily / 4H) where Wyckoff structures are clearer.
Parameters (window length, volume averages, multipliers) should be tuned to the instrument and timeframe.
This is a structure helper, not an automatic signal provider – always combine it with your own discretion and risk management.
Disclaimer: This script is for educational and analytical purposes only and does not constitute financial advice. Use at your own risk and feel free to share feedback or improvements.
VSA Wyckoff Volume with Bubbles Introducing the "VSA Wyckoff Volume" indicator—a powerful tool for traders who want to visualize and analyze market volume with precision. This indicator leverages Volume Spread Analysis (VSA) and Wyckoff principles to categorize volume into six distinct levels: Ultra High, Very High, High, Normal, Low, and Very Low. Each level is represented by a color-coded bubble on the chart, with bubble sizes adjusted according to the volume intensity. Additionally, the indicator incorporates an ATR-based positioning system, ensuring that each bubble is placed accurately on the chart for easy interpretation. Whether you're an experienced trader or new to the market, this indicator provides clear insights into market activity, helping you make more informed trading decisions.
Volume Spread Analysis (VSA) is a trading methodology that analyzes the relationship between volume, price, and the spread (range) of a price bar. It was developed by Tom Williams, who combined his experience as a trader with principles derived from Richard D. Wyckoff's work on market manipulation.
Key Concepts of VSA:
Volume: The amount of a particular asset traded during a specific time period. In VSA, volume is a key indicator of market activity and is used to understand the strength or weakness behind price movements.
Spread: The range between the high and low of a price bar. The spread, when analyzed in conjunction with volume, can indicate whether the market is being driven by strong or weak hands.
Price: The actual value at which an asset is traded. VSA looks at price in relation to volume and spread to identify the intentions of smart money (large institutional traders).
How VSA Works:
VSA aims to uncover the footprints of smart money by analyzing the volume and price spread. The core idea is that significant price movements accompanied by high volume indicate the involvement of professional traders, while price movements on low volume might suggest that the move lacks conviction or is driven by retail traders.
VSA in Practice:
High Volume, Narrow Spread: This could indicate supply coming into the market as professional traders sell into the buying pressure, leading to potential price weakness.
High Volume, Wide Spread, Price Up: This often suggests strong buying interest, with smart money pushing prices higher.
Low Volume, Wide Spread: A sign of a potential weak market, where price is moving without strong participation, indicating that the move may not be sustainable.
Applications:
VSA is particularly useful for identifying potential turning points in the market, understanding market sentiment, and anticipating future price movements based on the actions of smart money. Traders who use VSA often combine it with other technical analysis tools to build a comprehensive trading strategy.
Your "VSA Wyckoff Volume" indicator, by categorizing volume into distinct levels and visualizing it on the chart, provides an enhanced way to apply VSA principles and understand the underlying market dynamics.
Weis Wave With Speed Index SignalsWeis Wave with Speed Index Signals
The Concept
This indicator has been created to try to quantify "Change in Behavior" concept and provide buy and sell based on this concept. What is Change in Behavior? Price is moving at speed rate based on the trading volume direction (buyers and sellers) until there is imbalance of Supply/Demand. An algorithm has been created to identify this change of Supply/Demand behavior producing a number called "Speed Index". Abnormal Speed Index notes this change in behavior when compared with previous Speed Index numbers of the same pair and in the same timeframe. Speed Index is a relevant number and it's use is to be compared with previous Speed Index numbers and not as an absolute number. Based on Speed Index Behavior of recent waves, price and price wave structure buy and sell signals are available called Plutus.
What it does
This indicator draws a waveline of price waves swings. Up swing is when price goes up and down swing is when price goes down. It adds the volume of each bar within the wave swing, it measures the distance in pips of each swing and measure the numbers of bars of each swing. Furthermore, it creates the Speed Index of each swing, the average Speed Index of x selectable wave swings back as well as the average of Speed Index of the x up swings back and the average of the down swing. The indicator is also able to designate a Fast wave which means large pip move with small volume with the letter "F" displayed next to Speed Index and a Slow wave which small pip move with small volume with the letter "S". Finally based on price, Speed Index history and structure it creates eight buy/sell signals called Plutus.
Information available for display all selectable
For each wave swing: Total Volume, Pip Distance, Number of Bars or Total Volume + Pips or Total Volume + Pip Distance+Total Number of Bars
For each wave swing: Speed Index or Total Volume + Speed Index or Speed Index + Average Speed Index or Speed Index+(F or S).
Plutus buy and sell signals when criteria of price location, speed index comparison (abnormal speed index) and wave price structure have been met.
How it does it
This indicator draws a wave-line of price waves swings. Wave Sensitivity can be adjusted by AutoSensitivity parameter (min value =2 and max value=11). The larger the number the more sensitive it is, which means more wave swings will be created. All calculations are based on each wave swing. The code calculates all the above mentioned on the "Information available for Display" section. Based on price, Speed Index history, Speed Index ratio and structure Plutus buy and sell signals are created. The default value of Speed Index ratio is 2. Decreasing Speed Index ratio will create more signals while increasing it will create less signals.
Note: last wave re-paints and no information is displayed on the forming wave, but the whole trading methodology is based on reading previous waves information.
Technical Information
Speed Index
High Speed Index number means a slow wave "S" = Abnormal Speed (high volume small pip move)
Low Speed Index number means a fast wave "F" =Anormal Speed (small volume large pip move)
Normal Speed Index number (are the more frequent numbers seen in the chart which means that the market agrees with the move).
Plutus Signals
PL - Plutus Long, this is when the price will follow in the same direction of the wave with the High Speed Index. When signal is generated we enter when price close breaks the previous two wave structure Resistance Level
PS - Plutus Short, same as above, this is when the price will follow in the same direction of the wave with the High Speed Index. When signal is generated, we enter when price close breaks the previous two wave structure Support Level
PRL - Plutus Reversal Long, this is when the price will go in the opposite direction of the wave with the High Speed Index.
PRS - Plutus Reversal Short, same as above, this is when the price will go in the opposite direction of the wave with the High Speed Index.
PFL - Plutus Fake Long, this when price will do a fast break of the previous down swing bottom and then comes back within the previous swing range (fake break)
PFL - Plutus Fake Short, this when price will do a fast break of the previous up swing top and then comes back within the previous swing range (fake break)
WU - Wyckoff Upthrust plutus (short signal)- this is when the last two swings resemble(are) Wyckoff's UpThrust pattern price swings. This resemblance together with Speed Index criteria and price break of structure create this signal.
WS - Wyckoff Spring plutus(long signal)- this is when the last two swings resemble(are) Wyckoff's pattern price swings. This resemblance together with Speed Index criteria and price break of structure create this signal.
How to use it
Draw Support/Resistance and Fib - usually supply and demand imbalance happens at his level
First and most important of all adjust AutoSesnsitivity to get your swings correct, meaning that are catching the tops and bottoms of each price wave swing.
Monitor Speed Index behavior. Be alerted from Abnormal Speed Index number. You can also set using the Extreme Threshold parameter that provide you an alert if the current Speed Index is above or below average Speed Index of x waves back and also meets the min and max bar criteria. For example if we would like to be alerted for a an Abnormal Speed Index of a Slow wave of at 3 bars then we have set the Min Slow Bar parameter to 3, the Extreme Threshold parameter to 0.5 (50%) and the Avg Waves back to 8 then an alert will be produced if the wave before the forming has at least 3 bars and the Speed Index of the wave is 50% higher than the Average Speed Index calculated from 8 waves back. For a Fast wave we can set the Min Fast Bars to 1, Extreme Threshold to 50% and Avg Waves back to 8 which means that we will get an alert if the wave before the forming one has at least 1 bar and it's Speed Index is at least 50% less than the Speed Index Average of 8 waves back.
Plutus signals provide buy and sell entries after specific criteria have been met. These signals have a higher success rate when price is exiting a range or when price is leaving from Support/Resistance or Fib. Consider Plutus signals invalid within a range unless is the exit of the range (Range Break)
What makes it unique
The ability to identify, quantify and be alerted of the Change in Behavior of waves swings when compared with recent previous wave swings making it easier for the trader to be notified about Supply / Demand imbalance. Furthermore, another unique point of this indicator is the Plutus signals providing buy and sell entries. Plutus entries take into consideration this Abnormal Behavior, the wave swings structure and price location.
Example Trades
Wyckoff Up- rust formation strategy- Reading the chart
1. We have broken a Resistance Level with a Fast Speed Index of 0.7F
2. Abnormal Speed Index of 2.3 provides the alert for abnormal Speed Index behavior. There is not a high Speed Index like that in all the up wave swings which automatic makes it abnormal Supply Demand imbalance.
3. WU - Wyckoff Up-trust plutus signal has been created, which means Short.
4. PRS - Plutus Reversal Short also created at the same location which makes the Short even a higher probability trade
5. Entry: We enter Short on the close of the bar
Exit from Range Strategy - Reading the chart
1. We are in a Ranging environment
2. PS and PRS are invalid signals because according to the rules mentioned previously we do not trade any signals created within the range when the price does not break the range.
3. PRL - Plutus Reversal Long which means that price will move in the opposite direction of the High Speed Index (the 2.2) is a valid signal since price breaks the top of the range
4. Entry Long after breaking the top of the range
PRL after Support hit Strategy and Exit from Range Strategy - Reading the chart
In this we have two different strategies available. The first one is Plutus Reversal Long signal after hitting support and the second on an Exit from Range.
The Story:
1. We have hit support (double bottom)
2. Speed Index 2.2 at the bottom is on the High side, not too extreme but on the high side.
3. A PRL long signal is generated which means that price will move in the opposite direction of the 2.2 Speed Index
4. Entry Long on the close of the bar- This trade has provided 482 pips of profit
5. Price goes into Range
6. Classic textbook strategy Exit from Range with Plutus. We get a PL Plutus Long signal which means price will follow the directions of the high Speed Index wave and in this case is the 2.7 wave
7. Entry Long after the range break. This trade provided 384 pips up to now.
Sword of a Thousand Truths (Wyckoff Sniper)This identifies hidden pivot points in price action by uniquely identifying Wyckoff patterns and signatures.
If you aren't familiar with Wyckoff, it is strongly advised that you at a minimum learn about accumulation and distribution (school.stockcharts.com)
Settings and Configs
Scanning Length -- this is how many candles are considered into each phase of Wyckoff accumulation or distribution. The longer you set this length, the more certainty in the indicators signals. You can think of this akin to that of a higher time frame.
Green/Red Clouds are Wyckoff regions of accumulation and distribution (supports, resistances) -- if price enters into these regions, it is likely to experience volatility in the opposite direction. However , if the price escapes these regions, it will most likely dip or rip in the opposite direction. (e.g., if the price is riding within the distribution region in an upward trend, and then breaksout, this is a confirmed distribution and upward price movement will typically ensue)
Red/green lines are the moving averages of accumulation and distribution. These lines are absolutely critical to keep an eye on, because they are the gateway to a greater macro-trend. When any interaction takes place with these lines (e.g., price, accum./dist. regions, etc), there is a greater force at play, presenting itself. Just like a MACD represents two different moving averages... any cross is significant... this principal also applies to the clouds of accum./dist. and their EMA lines.
Green/Red Lines are the exponential moving averages (200) of each confirmed Wyckoff Spring /UTAD occurrences. When price interacts w/ this line, it will either cause volatility . If price recovers off of the spring EMA , it is a sign of strength. If it is rejected off of the UTAD EMA , it is a sign of weakness or an SOS (sign of strength)
Buy/sell signals (red/green arrows) are signals that confirm trend. You can interpret these as buy/sell signals. But you should always be aware of what the greater macro trend is. If your 4h chart is showing a resistance at the 200 dist. EMA, but your 5 minute is showing a resistance, you should interpret this bearishly. But again, this is all contextual.
Other tidbits and utterances
Remember to determine the macro-trend before committing to any ideas of what your security is likely to do.
It is highly recommended that you use multiple instances of this script to gain a composite-view of what the security is doing. To do this, add another instance, and set your scanning length to a different value than the others. When you combine multiple instances of this, you can gain an even greater insight. For example, when accumulation regions overlap, this is a bullish signal. (The practical translation is: if accumulation regions overlap from 2 different timeframes, then typically a MM/Institution will seek a higher range to accumulate, later distribute, because 2 different timeframes have no more range to the downside to accumulate)
Be sure to use your utmost curiosity when factoring this script into your analysis, there are tons of interactions that the data of this script presents. (i.e., spring and UTAD clouds will sometimes bounce right off of each other in succession, which is a golden-occurrence and can lead to significant upside. (You can see this on the 1d, 1w chart of BTC )
All feedback, critiques, observations, etc, are welcomed and requested.
Cheers
