The indicators in the MBoxWave Wyckoff Trading System are designed to work together and to recognize areas of supply / demand imbalances to exploit in the markets. It consists of the following indicators:
The Wave Indicators are based on Wyckoff Logic and concepts. Wyckoff talked about viewing market movements as a series of waves to better understand its movement. The Wave Indicators allow you to see the markets as a series of movements, going up and down continuously and identify areas of supply / demand.
The MCumulativeDelta Indicator is great for showing the Cumulative Delta Volume. It helps identify areas of balance and imbalance where price meets buying / selling, or lack thereof. In the case of imbalances this presents great trading opportunities
The MAutoFloorCeiling Indicator is able to determine Support / Resistance levels automatically using a powerful proprietary algorithm with over 2 years of research. When exploiting supply / demand imbalances it is always best to take entries at support / resistance levels as these produce the mose powerful moves.
Algorithmic Buy Sell / Signals
These signals help scan charts to save time at finding trading opportunities. The algorithms used are based on Wyckoff concepts using waves and various other data points. When certain criteria is met, it is displayed in the form of a signal and hints at trading opportunities.