Wyckoff Strategy with signal
- Indicatori
- Versione: 2.0
- Attivazioni: 10
Wyckoff Strategy with signal is a MetaTrader 5 indicator that applies the Wyckoff Method to detect accumulation and distribution, marks the key Wyckoff events on the chart, and prints entries with stop loss and three take-profit targets.
Features
- Automatic phase analysis: tracks the four Wyckoff phases (accumulation, markup, distribution, markdown) driven by institutional money.
- Trading-range mapping: draws the current range high (resistance) and low (support) and shades the active accumulation zone.
- Event detection: marks Selling Climax, Buying Climax, Automatic Rally, Spring, Upthrust, Sign of Strength and Sign of Weakness.
- Four actionable signals: Spring (aggressive buy), SOS (conservative buy), Upthrust (aggressive sell) and SOW (conservative sell), so you can choose your risk style.
- Automatic trade levels: every signal draws an entry, a stop loss and three take-profit targets for scaling out.
- Status dashboard: shows the latest signal and current range state in a corner panel.
Inputs
- Trading Range Lookback: minimum bars of sideways action to qualify a range.
- Volume Threshold: multiple of average volume required to confirm climaxes and breaks (for example 1.5x).
- ATR Period and ATR Multiplier: control the volatility-based stop loss.
- Structure Buffer: extra distance beyond the Spring low / Upthrust high for the structural stop.
- TP1, TP2, TP3 Multipliers: take-profit distances as ATR multiples.
- Show Dashboard and color options.
Outputs
- Range high/low lines, shaded accumulation zone and labeled event markers (SC, BC, AR, Spring, UT, SOS, SOW).
- Entry line, stop-loss line and three take-profit lines for the latest signal.
- Corner status panel.
Alerts
Signal alerts can be sent as a screen popup, sound, push notification and email when a new Spring, SOS, Upthrust or SOW appears.
Limitations
Wyckoff works best in clear range-then-trend conditions and is less reliable in erratic, news-driven markets. Aggressive signals (Spring, Upthrust) carry more risk than the confirmation signals (SOS, SOW). The tool supports decisions; it does not guarantee outcomes.
Full guide with phase examples: see the Comments section.
