Wyckoff Range Detector [Beta] + Smart Money Elements

This indicator detects the key phases of the Wyckoff market structure and integrates smart money elements, such as Order Blocks (OB), Fair Value Gaps (FVG), and Breaker Blocks. It also helps identify potential reversal zones (LPS, UTAD, Spring), breakout opportunities, and provides automatic Risk-Reward (R:R) calculations.

Key Features:
Wyckoff Phases Detection:

Automatically detects key phases of Wyckoff's market structure:

B (Range) – The initial range of accumulation.

C (Spring Phase) – Accumulation phase with a potential breakout.

C (UTAD Phase) – Upthrust After Distribution, indicating a potential reversal.

D (LPS Phase) – Last Point of Support, signaling accumulation before a breakout.

E (Breakout) – Phase marking breakout from range.

Re-Accumulation – Possible continuation in the range after a breakout.

Re-Distribution – Possible breakdown of a distribution phase.

Smart Money Elements:

Order Blocks (OB): Identifies Bullish and Bearish OBs to anticipate market entries.

Fair Value Gap (FVG): Highlights imbalance areas where price is likely to return.

Breaker Blocks: Marks areas where the price has previously broken a structure, indicating strong supply/demand zones.

Automatic Risk-Reward Calculation:

Smart RR: Automatically calculates Risk-Reward (R:R) ratios from LPS phases and Order Blocks. It draws lines to indicate target and stop levels with green for the target and red for the stop.

Visual representation of the entry signal with target and stop levels displayed.

Alerts:

Set alerts for phase changes, breakout, re-accumulation, or re-distribution to stay updated on the market’s movements.

Visual Tools:

Labels are used to indicate key zones such as AR, SC, LPS, and Spring Zones.

Draw boxes for the Spring and LPS phases to highlight areas where price action is likely to reverse.

Lines to represent potential breakouts, with customizable risk-reward indicators.

How to Use:
Apply the Indicator on any chart.

Identify Wyckoff phases to understand market trends.

Monitor Smart Money Elements (OB, FVG, Breaker) for entry and exit points.

Use automatic Risk-Reward levels for managing trades.

Set alerts for various Wyckoff phases and smart money signals to stay updated.