The general idea of The Wyckoff Method is that the trader can see the market as well-structured periods of Accumulation, Markup, Distribution and Markdown. The price of an asset depends on its supply and demand. There is more than one stock available for trading, and there is more than just Bitcoin on the Cryptocurrency market.
This means that one may choose to trade more than one asset and this perspective opens up a world of opportunities in which Supply and Demand are the masters. For example, you have invested some money in a cryptocurrency, and you wait for it to Markup already. But it is still in a long period of accumulation - it doesn't move much. You should leave it and find another crypto that is moving.
To aid in the discovery of such opportunities, a Market Screener is available. Method used: The Wyckoff Method of course. The indicators used: • Optimism Pessimism • Force • Technometer • Momentum
The Wyckoff Arsenal Indicators can be used individually, and they are very useful when trading a single pair. But the Market Screener can scan for opportunities in a wide range of pairs, or same asset but different trading platforms. The indicators are based on volume, so the symbols must have volume data for the Screener to work.
Multiple indicator instances can be used to track a specific asset, like Bitcoin. This way, all Bitcoin data available on TradingView could be used instead of data coming from a single trading platform.
If you're releasing access yet, I'd like to gain access, thanks!
baduwu
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I am sorry that I don’t understand very well. Does it mean to buy the red dot in front instead of the currency behind it. Is this the indicator of supply and demand?
KryptoNight
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@baduwu, This indicator is based on volume studies, and it directly shows buy and sell signals based on some rules.
Green dot - buy, red dot - sell. The signal names are shortened.
Currently, the signals types on every line are ordered as follows:
Symbol: OP(Bullish Divergence, BB lower), Force(Bullish Divergence, BB lower), Tec(Bullish Divergence, BB lower, Oversold1, Oversold2), Mom(Bullish Divergence, BB lower)
Symbol: OP(Bearish Divergence, BB upper), Force(Bearish Divergence, BB upper), Tec(Bearish Divergence, BB upper, Overbought1, Overbought2), Mom(Bearish Divergence, BB upper)
The crosshair should help you see which signal corresponds to which indicator.
baduwu
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@KryptoNight, I choose btc/usd-bitstamp, cycle selection: day, put the cross pointer on the K line, and no red and green dots appear, only the white dot above is rotating
KryptoNight
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@baduwu, The signals don't just randomly appear. Whenever they appear, they last for one bar.
If in doubt, you can troubleshoot it - use the standalone indicators. This way, you will see past and current signals.
Use a lower timeframe for more frequent signals, although their quality may not be that good.