This indicator analyzes volume character and market structure in a separate chart pane. It color-codes volume bars to identify institutional accumulation, distribution, climax volume, and volume dry-up conditions during volatility contraction patterns. The scr
Indicator · Pine Script v6 · On the chart
Wyckoff + Ichimoku + Break 21 Analyzer
Combines volume analysis, a consolidation zone detector, Ichimoku lines and a Break 21 module on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code311
Settings18inputs
LicenceNone stated
Last update4 months ago5 Jun 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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
The consolidation zone is the range over a lookback window that stays below a maximum percentage. Ichimoku uses 9, 26 and 52 bar settings with cloud displacement. Break 21 uses a 21-bar EMA band with RSI levels for bullish, breakout and take-profit warning conditions. Signal labels and a dashboard can be toggled. It places no orders.
- Consolidation zone highlight
- Ichimoku lines and cloud position
- EMA 21 band with RSI breakout levels
- Signal labels and summary dashboard
Details
Published by
jankrix on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Breakout, Volume, Trend, Screeners & dashboards
Markets
Stocks
Timeframes
H4 and above
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 |
|---|---|---|---|
| Volume MA Length | int | 20 | vol_len |
| High Volume Threshold (x) | float | 2.0 | hi_vol_mult |
| Low Volume Threshold (x) | float | 0.5 | lo_vol_mult |
| Consolidation Lookback Bars | int | 15 | consol_len |
| Max Consolidation Range % | float | 8.0 | consol_pct |
| Tenkan-sen Length | int | 9 | tk_len |
| Kijun-sen Length | int | 26 | kj_len |
| Senkou B Length | int | 52 | sb_len |
| Cloud Displacement | int | 26 | disp |
| Show Break 21 Signals | bool | true | show_b21 |
| Show EMA 21 Band | bool | true | show_ema21 |
| RSI 21 Bullish Level | float | 50.0 | b21_rsi_bull |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI 21 Breakout Level | float | 58.0 | b21_rsi_breakout |
| RSI 7 TP Warning Level | float | 75.0 | b21_rsi_tp |
| Show Signal Labels | bool | true | show_labels |
| Show Dashboard | bool | true | show_dash |
| Highlight Consolidation Zone | bool | true | show_bg |
| Show Ichimoku Lines | bool | true | show_ichi |
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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