Volume Spread Analysis: Understanding Market Intentions through the Interpretation of Volume and Price Movements. █ Simple Explanation: The Volume Spread Analysis (VSA) indicator is a comprehensive tool that helps traders identify key market patterns and trends based on volume and spread data. This indicator highlights significant VSA patterns and provides...
Renko with Volume and Time in the box was developed by David Weis (Authority on Wyckoff method) and his student. I like this style (I don't know what it is officially called) because it brings out the potential of Wyckoff method and Renko, and looks beautiful. I can't find this style Indicator anywhere, so I made something like it, then I named "Numbers Renko"...
The Master Pattern indicator is derived from the framework proposed by Wyckoff and automatically displays major/minor patterns and their associated expansion lines on the chart. Liquidity levels are also included and can be used as targets/stops. Note that the Liquidity levels are plotted retrospectively as they are based on pivots. 🔶 USAGE The Master...
Weis Wave - Waves Types indicator The Concept This indicator has been created based on David's Weis theory of cumulative volume histograms but this indicator has been enhanced with additional wave types to be able to identify the following: Visually identify the Effort vs Result concept (too much volume but small pip move or small volume too large pip...
This is a script to draw a square wave on the chart, with an indicator for current price. Markets undergoing Dow Jones or Wyckoff Accumulation/Distribution cycles tend to move in such waves, and if the period of the cycles are detected, a signal for accumulation/distribution phases can be created as an early warning. Useful inputs: - Average True Range as the...
It took but left, a Weis wave volume that shows the main wave and the fractal wave, thinking of everyone who wants to save space with indicators, you can adjust 2 indicators within 1, it is the dual indicator. This indicator calculates the volume waves, being created initially by David Weis, largely behind the wyckoff method that unfortunately died, being very...
BURSA Malaysia trading robot alert is built based on WR Quantum Wyckoff Technique strategy. The alert is suitable to use in BURSA Saham. The script will identify accumulation candle (box) at specific timeframe and will advice entry value and calculate advice take profit and stop loss based on % settable in the preset. Once entry is confirm, script will popup one...
A volume bulls vs bears power indicator that is based entirely on Wyckoff Weis Wave Volume trends. This indicator is part of my DIVINE series RENKO indicators that run on an engine capable of extracting Renko brick information from a time series. As with the Renko RSI and Renko Trend Momentum indicators, swapping between Renko and time series type...
This script aims to identify bullish and bearish trend of the US market. For traders to identify a Bullish or Bearish market and trade according to the market trend. Always Long in a Bullish market and Short in a Bearish Market. 1st step of Wyckoff Market Approach.
Hi Everyone! It's time to make this indicator public to relieve myself of replying to requests for access. There has been an update to this indicator; in which a Stochastic RSI was added to this indicator. Please follow the directions to SETUP the indicator in the SETUP VIDEO provided below. Phoenix Ascending 2.201 and Bollinger Bands Setup Video. The...
Hi Everyone! User @three333 took the time to create this script with the multiple Bollinger Bands all combined together while I've been busy with other projects. This will make it easier to apply all the bands much faster. If you need this script, you have a better chance of receiving an invite much faster by sending me a PM. Remember, this Bad Ass BB is to be...
There was a conflict with the older Phoenix 1.118 involving an update on TradingView platform with BTCE exchange being removed from their database. Since BTCE exchange was used in the old Phoenix 1.118 script, I had to edit the script. As most of you know, I recommend NOT using this indicator in Multi-Exchange Mode. So, to avoid any conflict in the future with...
The purpose of this script is to get the Caution Dots back to original Godmode with the Red RSI rather than Caution Dots oriented on the Green Line like it's done in Phoenix 1.118. I prefer the Caution Dots oriented with the Red RSI. You may have to REFRESH YOUR BROWSER after receiving an invite to this indicator. I'm trying to provide every possible resource I...
This is a modified version of Phoneix 1.118 with different inputs and additional Relative Strength Index (RSX). It also measures pressure of different HOT (Red Dot - Upward Pressure) or COLD (Blue Dot - Downward Pressure) values. It may be better suited for higher time frames but we will see. If you are new to trading and do not know how to even setup a chart,...
Do not use the "Multi-Exchange" option in "Inputs." Leave it unchecked and NEVER use it. Go to "Format" and "Style" tab then "un-check" "Buy" and "Sell." Leave them turned off. This was a failed experiment to TRY to create "Buy" and "Sell" signals with the indicator. You will likely need to experiment with the COLORS you want for all the lines and levels. ...
Phoenix ARI 1.07: This indicator works similar to Stochastic RSI. However, this indicator tends to reveal the sentiment/pressure of the market within a selected time frame without as much sensitivity to price action movement. Stochastic RSI is more sensitive to price action movement. Not this indicator. I recommend MERGING this indicator with Stochastic RSI. ...
Wyckoff's theory t is one of the most influential theories of market expression, and the most important components of which are lateral movement areas and trends. This theory turns the graph into something like Dots and lines (stations and paths). After getting acquainted with Wyckoff's theory, I read several books on the subject, hoping that they could help me...