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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.