ActiveTrader 2008-07 | Wyckoff spring setup by Eugene

Wyckoff spring setup

This strategy was featured in the July 2008 issue of Active Trader magazine.

Setup:

  1. First swing low: A downward reversal of the low price three percent or greater
  2. Rally: An upward reversal off the first swing low – a move of the high price greater than or equal to 3 percent
  3. Second swing low: Finally, second trough of the low price of 3 percent and greater, that should be lower than the first swing low.
  4. The pivot lows must occur within 30 days of each other;
  5. The second pivot point (second swing low) should break down through a support level of the lowest low of the last 30 days

 

Strategy Rules:

  • Enter long with a stop order at the high price of bar when the second swing low is detected.
  • Exit long position after 30 days.
Author: Eugene
Category: Counter-Trend
Creation Date: 11/9/2009
Licence: Freeware
Availability: Globally
Instructions for Script Download
  1. In Wealth-Lab client software, open the Strategy Explorer (Ctrl+O)
  2. Click the "Download..." button
  3. Click "Begin Download"