OPEN-SOURCE SCRIPT

[Teyo69] T1 Wyckoff Jump Across the Creek and Ice

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📌 Overview
This indicator captures Wyckoff-style breakouts:
  • JAC (Jump Across the Creek) for bullish structure breakouts
  • JAI (Jump Across the Ice) for bearish breakdowns
  • It blends support/resistance logic, volume behavior, and slope/momentum from selected trend-following methods.


🧩 Features
  • Detects JAC (bullish breakout) and JAI (bearish breakdown) based on trend breakouts confirmed by volume.
  • Supports multiple trend logic modes:

📈 Super Trend
📉 EMA
🪨 [Super Slow] Support & Resistance
📊 Linear Regression
  • Dynamically plots Creek (resistance) and Ice (support)
  • Incorporates volume spike and rising volume conditions for high-confidence signals


⚙️ How to Use
  • Select your preferred trend method from the dropdown.
  • Wait for:
  • A breakout in direction (up or down)
  • Rising volume and volume spike confirmation
  • Follow "Long" (JAC) or "Short" (JAI) labels for potential entries.


🎛️ Configuration
Indicator Leniency - Signal tolerance range after breakout
S&R Length - Pivot detection length for S/R method
Trend Method - Choose how trend is calculated
Volume SMA - Baseline for volume spike detection
Volume Length - Lookback for volume rising check

🧪 Signal Conditions
JAC Direction flips bullish + volume rising + spike
JAI Direction flips bearish + volume rising + spike

⚠️ Limitations
  • False signals possible during sideways/choppy markets.
  • Volume behavior depends on exchange feed accuracy.
  • S/R mode is slower but more stable; EMA & Linear Regression react faster but can whipsaw.


🔧 Advanced Tips
  • Use this with Wyckoff Accumulation/Distribution zones for better context.
  • Combine with RSI/OBV or higher timeframe trend filters.
  • Adjust leniency_lookback if signals feel too early/late.
  • If you're using Support and Resistance - Price action moves inside S & R it means that price is ranging.


📝 Notes
  • Volume conditions must confirm breakout, not just direction shift.
  • Built using native Pine Script switch and plotshape() for clarity.
  • "Creek" and "Ice" lines are color-coded trend / Support and Resistance zones.

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