Wyckoff Elite - Multi Structure par GUIROA Stephane

The indicator aims to identify the chronological stages of an accumulation:

PS (Preliminary Support): The first point where significant buying begins to slow the price decline.

SC (Selling Climax): The peak of panic selling, often marking the major low.

AR (Automatic Rally): A rapid technical correction triggered by short covering.

ST (Secondary Test): The price returns to test the SC zone to verify if supply has decreased.

SPRING: A temporary break below the support level (SC) to trap the last sellers before the reversal.

LPS (Last Point of Support): A low higher than the SC, signaling that buyers are now in control.

SOS (Sign of Strength): The price breaks above the AR resistance, confirming the exit from the accumulation zone.

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⚙️ Technical Functioning
Pivot Accuracy: The indicator uses a depth parameter to filter noise. The higher this number, the more significant the detected points (but with a greater delay).

Secondary Test Tolerance: For the Secondary Test to be validated, the price must return to a distance close to the Support Level (configurable via the tolerance).

Duration Management: If a structure takes too long to form (maxBars), the indicator automatically resets to avoid drawing outdated patterns.

Dynamic Visualization: Horizontal dashed lines are drawn on the Support Level and the Resistance Level to visualize the Trading Range (the area of sideways movement).

Notas de Lançamento

📊 Wyckoff Elite v3 – Overview
This indicator is an advanced technical analysis tool that automates the detection of Wyckoff cycles (Accumulation, Distribution, Re-Accumulation) on any financial asset (stocks, crypto, forex, etc.). It combines Richard Wyckoff's theory with volume filters (VSA) and a scoring system to provide objective entry/exit signals.

🎯 Main Objective
The indicator aims to:

Automatically identify accumulation phases (buying by large traders) and distribution phases (selling)

Detect key inflection points (Spring, LPS, UT, LPSY, etc.)

Provide a confidence score (0-100%) to validate the signal's quality

Generate alerts and automatic Take Profit/Stop Loss levels

Display a comprehensive dashboard with all real-time information

🔍 Detailed Features
1. Wyckoff Structure Detection
Phase Events Detected Meaning
Accumulation PS → SC → AR → ST → SPRING → LPS → SOS Preparation for an upward move
Distribution PSY → BC → AR → UT → LPSY → SOW Preparation for a move Bearish
Re-Accumulation SC2 → AR2 → LPS2 → SOS2 Bullish pause in a trend

2. Advanced Filters
Volume Filter: Validation of signals with volume spikes (configurable)

VSA (Volume Spread Analysis): Detection of:

NS (No Supply) – Absence of sellers

ND (No Demand) – Absence of buyers

ABS (Absorption) – Strong hands absorbing supply

DIST (Hidden Distribution) – Discreet selling

3. Scoring System (Checklist)
LONG Score based on 9 criteria (Spring, Volume, LPS, RSI, VSA, Creek, SOS...)

SHORT Score based on 9 criteria (UT, Volume, LPSY, RSI, VSA, Creek, SOW...)

Thresholds: <45% (low), 45-74% (medium) ≥75% (Strong Signal)

4. Visual Elements
✅ Colored Range Boxes (Accumulation in Green, Distribution in Red)

✅ Support/Resistance Lines and Creek (Range Median)

✅ Automatic Entry Arrows when Score ≥75%

✅ Explanatory Labels (PS, SC, SPRING, etc.)

✅ Progress Bar at the Bottom to Track Phase Progress

✅ Background Colored According to the Active Phase

5. Risk Management
Automatic Calculation of:

TP1 (Take Profit 1): +100% of the Range Amount

TP2: +200% of the Amount

SL (Stop Loss): -30% of the Amount

Horizontal Lines Displayed After an SOS or SOW

6. Interactive Dashboard (Top Right)
Displays in Real Time:

PS, SC, AR Levels, Creek, LPS (for LONG)

BC, AR, Creek, UT, LPSY (for SHORT) levels

Scores and their interpretation

History of the last 3 patterns

The golden rules of Wyckoff trading

7. Customizable alerts
Spring detected

SOS (Sign of Strength)

Upthrust detected

SOW (Sign of Weakness)

LONG entry (score ≥75%)

SHORT entry (score ≥75%)

⚙️ Key parameters
Group Parameter Role
Plot Accuracy Pivots (5) Sensitivity for detecting highs/lows
ST/UT tolerance (0.02) Margin for Spring/Upthrust
Max duration (120) Timeout for resetting a phase
Volume Volume multiplier (1.5x) High volume threshold
VSA period (20) Moving average of Volume/Spread
Visual Boxes, Background, Checklist Activation of graphic elements
Text size Display adjustment
TP/SL TP1 (1.0x), TP2 (2.0x), SL (0.3x) Ratios relative to range
🧠 Underlying trading logic
The indicator follows the Wyckoff philosophy:

Accumulation phase: Large traders buy discreetly

PS → First support

SC → Selling climax (maximum volume)

AR → Technical rebound

ST → Support test

SPRING → Bearish trap (false breakout)

LPS → Last support point before breakout

SOS → Strength signal (entry)

Distribution phase: Large traders sell

PSY → First resistance

BC → Buying climax

AR → Technical Reaction

UT → Bullish Trap (False Breakout)

LPSY → Last Resistance Point Before Breakout

SOW → Weakness Signal (Entry)

💡 Practical Use
🔴 For a LONG trade
Wait for a SPRING (green label)

Check the LONG score (≥75% in the dashboard)

Enter on LPS or at the green arrow

Place SL below the SC, TP on the calculated lines

🔵 For a SHORT trade
Wait for a UT (red label)

Check the SHORT score (≥75%)

Enter on LPSY or at the red arrow

Place SL above the BC

📌 Tips
Do not trade within the range (between SC and AR)

Wait for a retest after a breakout

Prioritize signals with high volume

Use the dashboard to confirm The convergence of criteria

✅ Advantages
Complete automation of Wyckoff theory

Objectivity through scoring

Adaptable to all timeframes

Clear and intuitive interface

Alerts to ensure you don't miss anything

Script de código aberto

Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.

stephneguiroa

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Script de código aberto

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