TheUltimator5 released the Wyckoff indicator on TradingView as an open-source script, the creator said in a post on X. The script page showed 30,599 views and 2,214 likes or favorites on TradingView at the time of review.
The TradingView script is designed to detect Wyckoff accumulation and distribution patterns. Its features include multi-timeframe pattern detection, phase-progression tracking, trading-range box overlays and confidence-scored entry signals.
The tool also includes an adjustable schematic overlay, status and debug tables, tooltips and alerts. The script page cautions that algorithmic pattern detection is complex and describes the indicator as a visual aid tool only, noting it can miss textbook patterns or flag setups that do not visually meet Wyckoff criteria.
The method traces back to Richard D. Wyckoff, an early Wall Street market authority who founded The Magazine of Wall Street. It is built around supply and demand, cause and effect, and effort and result, with accumulation and distribution trading ranges used to track hypothetical large institutional operators.
TheUltimator5’s TradingView profile lists 60 published scripts, five ideas and 3,600 followers. The profile says the creator’s published scripts are open source and cites a goal of making tools useful to novice and expert traders. Other published indicators include Pattern Detector, Trade Session Tracker, Bottom and Top Finder, Chimera and Strategy Chameleon.
The announcement post had 5,472 views, 101 likes and five reposts, according to the software-verified candidate record. The account had 11,469 followers at the time of review.
