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.

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Management: If a structure takes too long to form (maxBars), the indicator automatically resets to avoid drawing outdated patterns.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

Informacje o Wersji

📊 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

Skrypt open-source

W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.

stephneguiroa

Wyłączenie odpowiedzialności

Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.

Skrypt open-source

stephneguiroa