Wave Chart

Wyckoff Wave Chart Indicator

Wyckoff Wave Chart draws bigger waves based on Gann Swing theory and it shows the movement in the markets. At the end of each wave it show 2 informations that can be set on settings. The first wave charts were created by Richard D. Wyckoff and he instructed students to think in waves. He was an early 20th-century pioneer in the technical approach to studying the stock market and is considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill.

In the example below the big number shows the trend volume and the small number shows the trend delta volume.

Wyckoff Wave Chart Properties

Total Volume - Shows the accumulation Volume
Bid Volume - Shows the accumulation of BID Volume
Ask Volume - Shows the accumulation of ASK Volume
Delta Volume - Shows the accumulation of ASK Volume - BID Volume
Delta Percent - Shows the accumulation of ASK Volume - BID Volume / Total Volume
Length - Shows the length of the wave
Time - Shows how much time it took to complete the wave
Width - Shows the width of the wave

Wyckoff Wave Chart Settings

Primary Label:  Select what information want to be shown on the first label (None, Volume, Bid Volume, Ask Volume, Delta Volume, Delta Percent, Length, Time, Width)
Second Label:  Select what information want to be shown on the second label (None, Volume, Bid Volume, Ask Volume, Delta Volume, Delta Percent, Length, Time, Width)
Primary Divisor:  The result of primary label will be divided by this number to show smallest numbers
Second Divisor:  The result of second label will be divided by this number to show smallest numbers. If it's set to 0 the Primary Divisor will be used
Label Offset:  The offset in ticks to be used to show the labels