Dear Analysts and Traders, I am pleased to present the latest version of my indicator, based on the logic of analyzing spread and volume. In this version, the indicator examines spread and volume using min-max normalization. The statistical value is captured through Z-Score standardization, and I have added configurable alerts based on the normalized values of...
Auto Volume Spread Analysis (visible volume and spread bars auto-scaled): Understanding Market Intentions through the Interpretation of Volume and Price Movements. All the sections below contain the same descriptions as my other indicator "Volume Spread Analysis" with the exception of 'Auto Scaling'. █ Auto-Scaling This indicator auto-scales spread bars to...
The Wyckoff Springs indicator is designed to identify potential bullish reversal patterns known as "springs" in the Wyckoff Method. A Wyckoff spring occurs when the price temporarily dips below a support level, then quickly rebounds, suggesting a false breakdown and a potential buying opportunity. How it works: Pivot detection: The indicator identifies...
Volume Spread Analysis: Understanding Market Intentions through the Interpretation of Volume and Price Movements. █ Simple Explanation: The Volume Spread Analysis (VSA) indicator is a comprehensive tool that helps traders identify key market patterns and trends based on volume and spread data. This indicator highlights significant VSA patterns and provides...
Library "VolumeSpreadAnalysis" A library for Volume Spread Analysis (VSA). spread(_barIndex) Calculates the spread of a bar. Parameters: _barIndex (int) : (int) The index of the bar. Returns: (float) The spread of the bar. volume(_barIndex) Retrieves the volume of a bar. Parameters: _barIndex (int) : (int) The index of the...
Dear 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...
The Master Pattern indicator is derived from the framework proposed by Wyckoff and automatically displays major/minor patterns and their associated expansion lines on the chart. Liquidity levels are also included and can be used as targets/stops. Note that the Liquidity levels are plotted retrospectively as they are based on pivots. 🔶 USAGE The Master...
First of all, I would like to thank the author @LonesomeTheBlue. This indicator developed on the source code "Point and Figure (PnF)" by author @LonesomeTheBlue. This indicator calculate the range (Cause) of Phase accumulation or distribution to calculate the taget (Effect) based on the Wyckoff Method. Formula for calculate move value target : Col * BoxSize *...
I like TradingView Built-in Volume indicator, because it is overlay with price chart, and has appropriate scale. I made similar style volume indicator and added concept of Laws of Wyckoff. caution : You need {Chart settings} → {Appearance} → {Bottom margin} is set 0 %, to make chart look good. : You need {Chart settings} → {Symbol} → {body} ,{Borders}...
Renko with Volume and Time in the box was developed by David Weis (Authority on Wyckoff method) and his student. I like this style (I don't know what it is officially called) because it brings out the potential of Wyckoff method and Renko, and looks beautiful. I can't find this style Indicator anywhere, so I made something like it, then I named "Numbers Renko"...
█ OVERVIEW This script shows when buyers are in a rush to buy and when sellers are in a rush to sell ═════════════════════════════════════════════════════════════════════════ █ CONCEPTS Prophet Mohamed Peace be upon Him once said something similar to this "It is not advisable to trade if you do not know the Volume". In his book "The Day Trader's Bible -...
This 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...
This is a script to draw a square wave on the chart, with an indicator for current price. Markets undergoing Dow Jones or Wyckoff Accumulation/Distribution cycles tend to move in such waves, and if the period of the cycles are detected, a signal for accumulation/distribution phases can be created as an early warning. Useful inputs: - Average True Range as the...
( Google translation from Russian.) Signal conditions: 1. There is a bar with an increased volume 2. The next bar after the bar with increased volume closes in the other direction Arguments: Comparison period - the period during which the volumes are compared with each other to calculate the bars with the increased volume. sensitivity of increased volumes...
(Google translation from Russian.) This indicator is based on the efficiency of bulls and bears for VSA and has the same parameters. Its only difference is that all the values of the efficiency of bulls and bears for VSA indicator are sequentially added here. I want to note that the Period spread - Bars from close to close argument was made for experimental...
(Google translation from Russian.) This indicator shows the effectiveness of selling or buying. It is calculated as follows: using percentrank, the volume and the value of the spread are estimated (momentum = 1) the resulting estimate of the volume value is divided by the estimate of the spread (momentum = 1) and thus we obtain the value. The larger it is, the...
Bars in which the open is equal to the previous close. Bars are colored according to the indicator Volume on bar VSA - indicator V2 (Made for analysis by ICA ). Бары в которых открытие равно предыдущему закрытию. Бары раскрашиваюся согласно индикатору Volume on bar VSA - indicator V2 (Сделано для анализа по ВСА).
"The Wyckoff Wave is a weighted index consisting of 12 stocks that are leaders in their perspective industries. It was introduced by the Stock Market Institute in 1931. Made up of leaders in the important stock groups, the Wyckoff Wave represents the core of the American industrial complex. The Wyckoff Wave has been a market indicator for Wyckoff students for...