Australian (ASX) Stock Market Forum

Reply to thread

The typical acc-dist chart of Wyckoff is rare so backtesting that would be hard.  Double bottom identification would be your choice for finding a acc/dist channel.  That's easy enough to find for most platforms.


Stocks and other instruments obviously get marked up and down.  That can be coded by looking for steep angle moves above/below longer term supp/res.


Wyckoff used to use PnF to predict the extent of a move, but backtesting PnF would be impossible.  Cause and effect could be done, but only if you can see a clear acc/dist channel.  Count the up volumein the acc phase, then watch the unwinding volume as price climbs.


I don't think it's codable as a whole.  Parts of it can be.  Cause and effect is the most powerful, imo.


Top