PROTECTED SOURCE SCRIPT
J1 - Wyckoff Schematics
My approach to Wyckoff In A Box
The main idea of this script is purely an overlay of the Wyckoff schematics (Accumulation/Distribution) on top of your chart, which can help you to analyse trends or potential future market structures.
Setup
The Setup is quite easy. Once you open the script for the first time it will ask you to click on the specific side to create your box that will plot your schematic inside, Make sure you read them to avoid confusion.
Once you have your Measurement Box is created, click on the bar located at the Right side of the measurement box, this will allow you to extend or contract the overlay. You can change all of the settings after this.
* You can adjust each section (left, right and center) of each phase to your liking.
* You can adjust the styling
* This is not an indicator/oscillator for Buy/Sell signals
Notes of first release:
* I have left the empty spaces for the next schematics (it takes time and patience).
* Still working on a healthier way to resize the overlay
Ideas and suggestions more than welcome :)
The main idea of this script is purely an overlay of the Wyckoff schematics (Accumulation/Distribution) on top of your chart, which can help you to analyse trends or potential future market structures.
Setup
The Setup is quite easy. Once you open the script for the first time it will ask you to click on the specific side to create your box that will plot your schematic inside, Make sure you read them to avoid confusion.
Once you have your Measurement Box is created, click on the bar located at the Right side of the measurement box, this will allow you to extend or contract the overlay. You can change all of the settings after this.
* You can adjust each section (left, right and center) of each phase to your liking.
* You can adjust the styling
* This is not an indicator/oscillator for Buy/Sell signals
Notes of first release:
* I have left the empty spaces for the next schematics (it takes time and patience).
* Still working on a healthier way to resize the overlay
Ideas and suggestions more than welcome :)
Disclaimer
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