Wyckoff Accumulation describes a basing phase where large interests quietly build positions after a decline.
Volume and price action form a series of tests of support followed by higher lows, hinting at growing demand.
This strategy enters long when price breaks out of the accumulation range, expecting a new uptrend fueled by those earlier purchases.
A protective stop sits just below the base to limit losses should the breakout fail.
Entry Criteria: indicator signal
Long/Short: Both
Exit Criteria: stop-loss or opposite signal
Stops: Yes, percent based
Default Values:
CandleType = 15 minute
StopLoss = 2%
[*]Filters:
Category: Trend following
Direction: Both
Indicators: Volume, Price
Stops: Yes
Complexity: Intermediate
Timeframe: Intraday
Seasonality: No
Neural networks: No
Divergence: No
Risk level: Medium