// The Stock Market Institute (SMI) describes an propriety indicator the "SMI Wyckoff Wave" for US Stocks. This code is an attempt to make a Wyckoff Wave for the Johannesburg Stock Exchange (JSE).
// The JSE Wyckoff Wave is in a separate code. This is the code for the volume of the wave. Please see code for the JSE Wyckoff Wave which goes with this indicator.
//...
I like TradingView Built-in Volume indicator, because it is overlay with price chart, and has appropriate scale.
I made similar style volume indicator and added concept of Laws of Wyckoff.
caution : You need {Chart settings} → {Appearance} → {Bottom margin} is set 0 %, to make chart look good.
: You need {Chart settings} → {Symbol} → {body} ,{Borders}...
WYCKOFF ARSENAL is now available on TradingView!
Based on <> (Richard D. Wyckoff)
Noted Indicators:
▪ Optimism Pessimism Index
▪ Force Index
▪ Technometer
▪ Momentum ◄
Main Features:
▪ Multi Timeframe is available
▪ Volume based indicators
▪ Can be used on pairs that have volume data
────────────────────────────
Highlights
> Optimism Pessimism Index or...
WYCKOFF ARSENAL is now available on TradingView!
Based on <> (Richard D. Wyckoff)
Noted Indicators:
▪ Optimism Pessimism Index
▪ Force Index
▪ Technometer ◄
▪ Momentum
Main Features:
▪ Multi Timeframe is available
▪ Volume based indicators
▪ Can be used on pairs that have volume data
────────────────────────────
Highlights
> Optimism Pessimism Index or...
WYCKOFF ARSENAL is now available on TradingView!
Based on <> (Richard D. Wyckoff)
Noted Indicators:
▪ Optimism Pessimism Index
▪ Force Index ◄
▪ Technometer
▪ Momentum
Main Features:
▪ Multi Timeframe is available
▪ Volume based indicators
▪ Can be used on pairs that have volume data
────────────────────────────
Highlights
> Optimism Pessimism Index or...
WYCKOFF ARSENAL is now available on TradingView!
Based on <> (Richard D. Wyckoff)
Noted Indicators:
▪ Optimism Pessimism Index ◄
▪ Force Index
▪ Technometer
▪ Momentum
Main Features:
▪ Multi Timeframe is available
▪ Volume based indicators
▪ Can be used on pairs that have volume data
────────────────────────────
Highlights
> Optimism Pessimism Index or...
The Stock Market Institute (SMI) describes an propriety indicator the "SMI Wyckoff Wave" for US Stocks. This code is an attempt to make a Wyckoff Wave for the Johannesburg Stock Exchange (JSE). Once the wave has been established the volume can also be calculated. Please see code for the JSE Wyckoff Wave Volume which goes with this indicator.
The Wave presents a...
First of all, I would like to thank the author @LonesomeTheBlue.
This indicator developed on the source code "Point and Figure (PnF)" by author @LonesomeTheBlue.
This indicator calculate the range (Cause) of Phase accumulation or distribution to calculate the taget (Effect) based on the Wyckoff Method.
Formula for calculate move value target : Col * BoxSize *...
![BTCUSD: Momentum - Multi Timeframe [WYCKOFF ARSENAL]](https://s3.tradingview.com/m/mJ4C8AX3_mid.png "Momentum - Multi Timeframe [WYCKOFF ARSENAL]")
![BTCUSD: Technometer - Multi Timeframe [WYCKOFF ARSENAL]](https://s3.tradingview.com/9/9UZ78AFg_mid.png "Technometer - Multi Timeframe [WYCKOFF ARSENAL]")
![BTCUSD: Force Index - Multi Timeframe [WYCKOFF ARSENAL]](https://s3.tradingview.com/i/idww9V4t_mid.png "Force Index - Multi Timeframe [WYCKOFF ARSENAL]")
![BTCUSD: Optimism Pessimism Index - Multi Timeframe [WYCKOFF ARSENAL]](https://s3.tradingview.com/u/uMuh3v1Z_mid.png "Optimism Pessimism Index - Multi Timeframe [WYCKOFF ARSENAL]")
![EURAUD: Calculate target by Range [Wyckoff,PnF]](https://s3.tradingview.com/l/LjvwCJk4_mid.png "Calculate target by Range [Wyckoff,PnF]")
