PROTECTED SOURCE SCRIPT
[CRTT] SonicR & Wyckoff phases detection
A trend detection based on Wyckoff method to identify phases as trend of the market and using SonicR system to find entries.
Based on Wyckoff theory, we have around 5 phases: A, B, C, D, E...and the colors of SonicR Dragon bands (EMA34) are used to detect the phases. Red and Blue are 2 colors for downtrend / Green and Purple are uptrend.
With the Red and Green colors, we are in phase |B| or |D|.
With the Purple and Blue colors, we are in phase |D| or |E|.
After trend detection, we will use SonicR system to get the entries.
Open Short positions when price retest Dragon band (EMA34) then go down (confirmation).
Open Long posotions when price retest Dragon band (EMA34) then go up (confirmation).
Based on Wyckoff theory, we have around 5 phases: A, B, C, D, E...and the colors of SonicR Dragon bands (EMA34) are used to detect the phases. Red and Blue are 2 colors for downtrend / Green and Purple are uptrend.
With the Red and Green colors, we are in phase |B| or |D|.
With the Purple and Blue colors, we are in phase |D| or |E|.
After trend detection, we will use SonicR system to get the entries.
Open Short positions when price retest Dragon band (EMA34) then go down (confirmation).
Open Long posotions when price retest Dragon band (EMA34) then go up (confirmation).
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.