Wyckoff Accumulation Distribution

4月25日

Wyckoff Accumulation & Distribution Indicator (RSI-Based)
This Pine Script is a technical analysis indicator built around the Wyckoff Method, designed to detect accumulation and distribution phases using RSI (Relative Strength Index) and pivot points. It automatically marks key structural turning points on the chart and highlights relevant zones with colored boxes.

What Does It Do?
Draws accumulation and distribution boxes based on RSI behavior.

Automatically detects Wyckoff structural signals:

SC (Selling Climax)

AR (Automatic Rally)

ST (Secondary Test)

BC (Buying Climax)

DAR (Automatic Reaction)

DST (Secondary Test - Distribution)

Identifies trend transitions by detecting sideways RSI movement.

Attempts to detect spring and UTAD-like deviations based on RSI reversals.

Uses RSI extremes in conjunction with pivot points to generate Wyckoff signals.

How Does It Work?
RSI Zone: It identifies sideways markets when RSI stays within ±20 of the 50 level (this range is configurable).

Pivot Points: It detects pivot highs/lows that sync with RSI values (pivotLen is adjustable).

Trend Box Drawing:

When RSI exits the sideways zone, the script draws a gray box between the highest high and lowest low within that range.

If RSI breaks upward, the box becomes green (Accumulation); if downward, it becomes red (Distribution).

Wyckoff Structural Points:

SC/BC: Detected when a pivot occurs with RSI below/above a threshold.

AR/DAR: The next opposite pivot after SC or BC.

ST/DST: The next same-direction pivot after AR or DAR.

How to Use It
Works best on 4H or daily charts for more reliable signals. Shorter timeframes may generate noise.

Primarily used for interpreting RSI structures through the lens of Wyckoff methodology.

Box colors help quickly identify market phase:

Green box: Likely Accumulation

Red box: Likely Distribution

Triangular markers show key signals:

SC, AR, ST: Accumulation points

BC, DAR, DST: Distribution points

Use these signals alongside price action to manually interpret Wyckoff phases.

https://image.binance.vision/editor-uploads/wyckoff_body_01.png

https://image.binance.vision/editor-uploads/wyckoff_body_02.png

What Is the Wyckoff Method?
The Wyckoff Method, developed in the 1930s by Richard Wyckoff, is a market analysis approach that focuses on supply and demand dynamics behind price movements.

Wyckoff’s 5 Phases:
Accumulation: Smart money gradually buying at low prices.

Markup: Price begins trending upwards.

Distribution: Smart money selling to retail traders.

Markdown: Downtrend begins as supply outweighs demand.

Re-accumulation / Re-distribution: Trend-continuation phases with consolidations.

This indicator is specifically designed to detect phase 1 (Accumulation) and phase 3 (Distribution).

Extra Notes
Repainting is minimal, as pivots are confirmed using historical candles.

Labels use plotshape for a clean, minimalist visual style.

Other Wyckoff events (like SOS, LPS, UT, UTAD) could be added in future updates.

This script does not generate buy/sell signals; it is meant for structural interpretation.

5月9日

發行說明

added text color option.