Three timeframes
The filters let you review the same approach at different scales:
Wyckoff scanner: what it analyzes and how to use it
A practical guide to understanding WyckoffScan, interpreting its alerts about events, and taking each result back to the chart.
WYCKOFFSCAN IN DETAIL
What WyckoffScan does
WyckoffScan is a Wyckoff scanner that applies technical price and volume criteria to the available stocks and indices. Its purpose is to narrow down what you need to review and highlight behavior that may deserve closer analysis.
WyckoffScan works as a Wyckoff screener to automate an initial screening step. It does not replace your reading of structure, trend, price position, or the relationship between effort and result.
Understand the Wyckoff methodHow the scanner works
The process keeps automated detection separate from the interpretation that belongs to the analyst.
- 01
Screening
The scanner processes completed bars and compares their price, range, close, and volume with its configured criteria.
- 02
Alert about an event
When those criteria are met, the result identifies a specific technical event so you can find it quickly.
- 03
Contextual analysis
Open the chart and compare the event with the structure, prior trend, relevant levels, and subsequent behavior.
What an alert about an event represents
An alert means that a bar or sequence meets the scanner’s criteria. It is a starting point for investigating the chart; it does not tell you to buy or sell or predict the next move.
Available alert filters
Coverage, timeframes, and updates
WyckoffScan analyzes the stocks and indices available on the platform. You can review the current coverage directly in the scanner.
When results are updated
Alerts updated after each bar closes, usually within a few hours.
How to use the results
Choose the timeframe and event
Start with the timeframe and alert type that fit the analysis you want to carry out.
Review the complete chart
Place the detected bar within the trend, trading range, and relevant support or resistance areas.
Form and test a hypothesis
Compare price and volume, look for later confirmation or invalidation, and apply your own risk criteria.
What WyckoffScan does not provide
WyckoffScan does not predict the market, provide financial advice, or recommend buying, selling, or holding any instrument. Results may contain errors, omissions, or delays and should be checked before use.