Wyckoff Dual Wave

Based on the Wyckoff Method this indicator identifies small and large wave structures and generates trend following signals. It uses dual moving averages Small Wave MA and Large Wave MA to analyze wave cycles combined with volume confirmation KD stochastic and double top and bottom patterns for entry and exit signals.
Key featuresDual wave analysis for small and large timeframes. Customizable MA periods and trend confirmation rules including 3 Day Breakaway and Close Confirmation. Volume based signal validation and KD oscillator filters. Visual wave lines trend colors and clear buy and sell labels such as Long Short DBOT DTOP V BUY and V SELL.
Adjust MA periods PCT factors and signal toggles to fit different assets and timeframes. Ideal for Wyckoff focused traders seeking structured wave and trend analysis. Note For optimal use combine with price action and market context.

No suitable analytical tools for Wyckoff waves have been found so far, and most of the indicator’s concepts are derived from Wyckoff’s book The Tape Reading and Market Tactics.

The traditional Wyckoff Theory focuses on wave analysis and daily timeframe analysis, with waves based on percentage changes. This indicator is mainly designed for intraday trading. I developed it on 15-second charts, and it can also be applied to 1-minute, 3-minute, 5-minute and other short timeframes. For Wyckoff wave analysis on the daily timeframe, I will specifically develop a dedicated percentage-based daily Wyckoff wave tool in the future.
Wyckoff waves emphasize dynamic analysis. It is recommended to use this indicator together with support and resistance tools for dynamic analysis. Observe the price behavior when it touches support or resistance levels to decide the next trading move.