MEET THE INDICATOR
The meaning behind the numbers.
SW Differential Suite combines three short patterns from Thomas DeMark's approaches, as described by Jason Perl. It examines several neighboring bars and helps you notice a change in the character of a move: a possible brief reaction, continuation, or a particular sequence of closes. Small triangles appear on the chart instead of long lines and tables.
- Three methods, separately or together
- Signals after the bar closes
- Custom colors for each direction
- Four triangle sizes and alerts
Differential: notice a change in pressure
The pattern examines three consecutive closes. For an upward marker, the closes are falling, but the distance from the true low to the close increases while the distance from the close to the true high decreases. This means that the balance of buying and selling pressure is changing within an ongoing decline. A downward marker uses the opposite conditions with rising closes.
The true high and true low also take the previous close into account, so gaps between bars are included in the assessment. In the menu and description, pressure names a measure of price position; it does not count actual buyer and seller transactions. The triangle draws attention to a possible brief reaction and does not promise a full trend reversal.
Reverse Differential: follow continuation
Reverse Differential uses the same measurements but looks for agreement with the direction of the closes. With rising closes, increasing buying pressure and decreasing selling pressure produce an upward marker. With falling closes, the opposite relationship produces a downward marker.
This helps distinguish a continuation pattern from a possible reaction pattern. A green or red marker alone does not identify the method: the suite assigns a separate color to each method and direction. Start with one selected method, then enable the others if you want to compare different conditions over the same section.
Anti-Differential: a separate sequence
Anti-Differential uses five closes, giving four transitions between them. For the upward direction, the sequence is down, down, up, down. For the downward direction, it is up, up, down, up. The triangle appears on the final bar of the completed pattern.
This method does not use the pressure comparisons of the first two methods. It should therefore be read as a separate pattern of neighboring closes. The marker shows that the pattern condition has been met; you then need to observe whether the expected price reaction appears and whether it agrees with the broader move.
A clear chart and a clear signal time
Differential is selected by default. In the menu, you can select Reverse Differential, Anti-Differential or all three methods. There are four triangle sizes, and the directional colors for each method are adjusted independently. The markers do not clutter price with lengthy counts.
In the current code, signals appear after the corresponding bar closes and are not shifted onto future bars. Each method has separate upward and downward alert conditions; you must create the alert in TradingView yourself. This describes the code's rules, not a promise of profitability or the result of a separate live-market test.
What you receive
Access to the indicator in your TradingView account for your chosen subscription period, calculation and display settings, and email support. Source code is not included in the subscription. You need your own TradingView account; any TradingView features or paid plan required for your chosen way of working are paid for separately.
The STUDENT WYCKOFF implementation is inspired by Tom DeMark's published work. Historical profile names identify the basis of the rules. This is an independently developed product.
