OPEN-SOURCE SCRIPT
Acceleration + Wyckoff (Balanced) v6
Hey,
I created this indicator with GROK.
I welcome all feedback, as I really don't know what i'm doing lol
Here is a summary of what I'm trying to achieve....
This is a custom momentum and acceleration indicator that combines Stan Druckenmiller’s second-derivative concept with Wyckoff Method principles. It helps traders identify potential turning points by measuring not just momentum, but the rate of change of momentum (acceleration).
It is designed to be more readable and practical than traditional Rate of Change (ROC) indicators, while providing actionable Wyckoff-style signals (Springs and Upthrusts).
Benefits
Early Reversal Detection: By focusing on acceleration (not just price or basic momentum), it can highlight potential turning points earlier than many standard indicators.
Wyckoff + Modern TA Hybrid: Combines classic Wyckoff concepts (Springs & Upthrusts) with Druckenmiller-style second-derivative thinking.
Flexible Across Assets: Works well on both individual stocks (e.g. RRL) and commodities (e.g. Gold).
Customizable: Users can adjust sensitivity, enable/disable volume filtering, and choose display styles.
Actionable Signals: Clear visual markers (green/red triangles) make it easy to spot potential high-probability setups.
Best Use Cases
Daily charts for swing trading and short-term reversals
Weekly charts for identifying larger structural shifts
Trending markets (especially useful on Gold and resource stocks)
Identifying exhaustion points in both uptrends and downtrends
Combining with other tools (volume, support/resistance, or your existing indicators)
In Summary
This indicator gives you a clearer view of momentum strength and acceleration while adding Wyckoff-inspired reversal signals. It solves common issues with traditional momentum indicators (poor scaling and late signals) and provides a practical, visual way to spot potential Springs and Upthrusts with adjustable sensitivity.
I created this indicator with GROK.
I welcome all feedback, as I really don't know what i'm doing lol
Here is a summary of what I'm trying to achieve....
This is a custom momentum and acceleration indicator that combines Stan Druckenmiller’s second-derivative concept with Wyckoff Method principles. It helps traders identify potential turning points by measuring not just momentum, but the rate of change of momentum (acceleration).
It is designed to be more readable and practical than traditional Rate of Change (ROC) indicators, while providing actionable Wyckoff-style signals (Springs and Upthrusts).
Benefits
Early Reversal Detection: By focusing on acceleration (not just price or basic momentum), it can highlight potential turning points earlier than many standard indicators.
Wyckoff + Modern TA Hybrid: Combines classic Wyckoff concepts (Springs & Upthrusts) with Druckenmiller-style second-derivative thinking.
Flexible Across Assets: Works well on both individual stocks (e.g. RRL) and commodities (e.g. Gold).
Customizable: Users can adjust sensitivity, enable/disable volume filtering, and choose display styles.
Actionable Signals: Clear visual markers (green/red triangles) make it easy to spot potential high-probability setups.
Best Use Cases
Daily charts for swing trading and short-term reversals
Weekly charts for identifying larger structural shifts
Trending markets (especially useful on Gold and resource stocks)
Identifying exhaustion points in both uptrends and downtrends
Combining with other tools (volume, support/resistance, or your existing indicators)
In Summary
This indicator gives you a clearer view of momentum strength and acceleration while adding Wyckoff-inspired reversal signals. It solves common issues with traditional momentum indicators (poor scaling and late signals) and provides a practical, visual way to spot potential Springs and Upthrusts with adjustable sensitivity.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.