PROTECTED SOURCE SCRIPT
Wyckoff Pro Detector + Dashboard & Alerts [Gemini]
Description
Overview The Wyckoff Pro Detector is an advanced Price Action tool designed to automatically identify market structures based on Richard D. Wyckoff's theory. Its main goal is to help traders spot Accumulation and Distribution phases, highlighting critical turning points and institutional manipulation.
Development Logic This script was engineered using Pine Script v5 with a focus on institutional footprint tracking.
Structure Algorithm: It utilizes a custom Pivot High/Low detection mechanism with a variable lookback period (configurable) to filter out market noise and identify valid trading ranges.
Volume Anomaly Detection: Instead of raw volume, the script uses a Relative Volume logic (comparing current volume to a Moving Average) to mathematically identify "Climatic Action" typical of Smart Money intervention.
State Machine: The code operates on a state-based logic, meaning it remembers the previous market phase (Accumulation or Distribution) to validate subsequent signals like Springs or UTADs, reducing false positives.
Key Features
Automated Phase Detection: Identifies and draws dynamic boxes for Accumulation (Green) and Distribution (Red) structures.
VSA Integration: Highlights candles with "Ultra High" volume to signal Selling/Buying Climaxes.
Manipulation Signals:
SPRING (Buy): Detects false breakouts of support with an immediate return into the range.
UTAD (Sell): Detects false breakouts of resistance (Upthrust After Distribution).
Live Dashboard: An on-screen table showing the current Phase, Last Event, Event Time, and Volume Status.
Alert System: Fully configurable alerts for Climaxes, Structure Tests, and Entry Signals.
How to Use
LONG Signal: Wait for an Accumulation phase (Green Box). Look for the yellow "SPRING!" label. This indicates a "bear trap" and potential markup.
SHORT Signal: Wait for a Distribution phase (Red Box). Look for the orange "UTAD!" label. This indicates a "bull trap" and potential markdown.
Settings
Pivot Length: Higher values (20-30) filter noise for macro-structures.
Volume Factor: Adjusts the sensitivity for climatic volume detection.
Credits & Acknowledgements
Concept and Methodology based on the works of Richard D. Wyckoff.
Code logic, optimization, and Pine Script development provided by Google Gemini AI.
Disclaimer This tool is an aid for analysis and does not provide financial advice. Use it in combination with your own risk management.
Overview The Wyckoff Pro Detector is an advanced Price Action tool designed to automatically identify market structures based on Richard D. Wyckoff's theory. Its main goal is to help traders spot Accumulation and Distribution phases, highlighting critical turning points and institutional manipulation.
Development Logic This script was engineered using Pine Script v5 with a focus on institutional footprint tracking.
Structure Algorithm: It utilizes a custom Pivot High/Low detection mechanism with a variable lookback period (configurable) to filter out market noise and identify valid trading ranges.
Volume Anomaly Detection: Instead of raw volume, the script uses a Relative Volume logic (comparing current volume to a Moving Average) to mathematically identify "Climatic Action" typical of Smart Money intervention.
State Machine: The code operates on a state-based logic, meaning it remembers the previous market phase (Accumulation or Distribution) to validate subsequent signals like Springs or UTADs, reducing false positives.
Key Features
Automated Phase Detection: Identifies and draws dynamic boxes for Accumulation (Green) and Distribution (Red) structures.
VSA Integration: Highlights candles with "Ultra High" volume to signal Selling/Buying Climaxes.
Manipulation Signals:
SPRING (Buy): Detects false breakouts of support with an immediate return into the range.
UTAD (Sell): Detects false breakouts of resistance (Upthrust After Distribution).
Live Dashboard: An on-screen table showing the current Phase, Last Event, Event Time, and Volume Status.
Alert System: Fully configurable alerts for Climaxes, Structure Tests, and Entry Signals.
How to Use
LONG Signal: Wait for an Accumulation phase (Green Box). Look for the yellow "SPRING!" label. This indicates a "bear trap" and potential markup.
SHORT Signal: Wait for a Distribution phase (Red Box). Look for the orange "UTAD!" label. This indicates a "bull trap" and potential markdown.
Settings
Pivot Length: Higher values (20-30) filter noise for macro-structures.
Volume Factor: Adjusts the sensitivity for climatic volume detection.
Credits & Acknowledgements
Concept and Methodology based on the works of Richard D. Wyckoff.
Code logic, optimization, and Pine Script development provided by Google Gemini AI.
Disclaimer This tool is an aid for analysis and does not provide financial advice. Use it in combination with your own risk management.
نص برمجي محمي
تم نشر هذا النص البرمجي كمصدر مغلق. ومع ذلك، يمكنك استخدامه بحرية ودون أي قيود - تعرف على المزيد هنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي محمي
تم نشر هذا النص البرمجي كمصدر مغلق. ومع ذلك، يمكنك استخدامه بحرية ودون أي قيود - تعرف على المزيد هنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.