OPEN-SOURCE SCRIPT
Pure Wyckoff V50R [Region Based]
Pure Wyckoff V50R [Region Based] — Regional Wyckoff Volume-Price Structure Scanner
This script implements a semi-automatic Wyckoff volume–price analysis based purely on regional behaviour, not on single candles. Instead of trying to label every bar, it analyses the last N candles (default ≥ 50) and their volume distribution to estimate whether the market is in an accumulation, distribution or trend phase.
Main features:
🔍 Region-based structure detection
Scans the last regLen bars to find the trading range, then attempts to locate key Wyckoff points such as
SC (Selling Climax), AR, ST, Spring, UT, LPSY, and draws the SC–AR band when a structure is active.
⚖️ Supply–demand balance
Uses regional bullish vs bearish volume to show whether Demand > Supply, Supply > Demand, or Balanced for the current range.
🧠 Phase & decision panel
For the current bar the panel summarises:
overall structure (bullish / bearish / ranging),
approximate Wyckoff phase (e.g. “A phase: SC→AR rally”, “B phase: top distribution zone”, “Bottom testing zone”),
VSA-style bar reading (no supply, effort vs result, SOW, etc.),
current key signal (Spring / UT / LPSY / ST / Trend),
one-line short-term and long-term trading bias.
📊 Scoreboard
Simple scores for structure, volume and trend to give a quick “bullish / bearish / neutral” overview.
Recommended use:
Designed mainly for higher timeframes (Daily / 4H) where Wyckoff structures are clearer.
Parameters (window length, volume averages, multipliers) should be tuned to the instrument and timeframe.
This is a structure helper, not an automatic signal provider – always combine it with your own discretion and risk management.
Disclaimer: This script is for educational and analytical purposes only and does not constitute financial advice. Use at your own risk and feel free to share feedback or improvements.
This script implements a semi-automatic Wyckoff volume–price analysis based purely on regional behaviour, not on single candles. Instead of trying to label every bar, it analyses the last N candles (default ≥ 50) and their volume distribution to estimate whether the market is in an accumulation, distribution or trend phase.
Main features:
🔍 Region-based structure detection
Scans the last regLen bars to find the trading range, then attempts to locate key Wyckoff points such as
SC (Selling Climax), AR, ST, Spring, UT, LPSY, and draws the SC–AR band when a structure is active.
⚖️ Supply–demand balance
Uses regional bullish vs bearish volume to show whether Demand > Supply, Supply > Demand, or Balanced for the current range.
🧠 Phase & decision panel
For the current bar the panel summarises:
overall structure (bullish / bearish / ranging),
approximate Wyckoff phase (e.g. “A phase: SC→AR rally”, “B phase: top distribution zone”, “Bottom testing zone”),
VSA-style bar reading (no supply, effort vs result, SOW, etc.),
current key signal (Spring / UT / LPSY / ST / Trend),
one-line short-term and long-term trading bias.
📊 Scoreboard
Simple scores for structure, volume and trend to give a quick “bullish / bearish / neutral” overview.
Recommended use:
Designed mainly for higher timeframes (Daily / 4H) where Wyckoff structures are clearer.
Parameters (window length, volume averages, multipliers) should be tuned to the instrument and timeframe.
This is a structure helper, not an automatic signal provider – always combine it with your own discretion and risk management.
Disclaimer: This script is for educational and analytical purposes only and does not constitute financial advice. Use at your own risk and feel free to share feedback or improvements.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.