by 
This strategy identifies Wyckoff consolidation ranges directly on the price chart to trade potential spring and upthrust events. It calculates highest highs and lowest lows over a customizable lookback period, filtering setups by average volume spikes and ATR
Strategy · Pine Script v5 · On the chart
Talons Wyckoff Phase
A strategy that looks for spring and upthrust patterns inside a consolidation range.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code35
Settings3inputs
LicenceNone stated
Last update5 months ago29 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
A spring is a high-volume bar that dips below the recent range low, closes back above it and closes up. An upthrust is the mirrored move above the range high. A range counts as consolidation when its height is small relative to ATR. Stops sit a half ATR beyond the bar extreme, and targets lie beyond the opposite range edge. Size is 10 percent of equity. It plots the range on the chart.
- Range high and low from a lookback
- Spring and upthrust detection with volume spike
- Consolidation test using range to ATR ratio
- ATR padded stop, one position at a time
Details
Published by
muammeryldrm42 on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Support & resistance, Mean reversion, Volume
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Range Lookback | int | 30 | rangeLb |
| Volume Lookback | int | 50 | volLb |
| High Vol Mult | float | 1.5 | volMult |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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