1
A tighter research desk
Discovery, Wyckoff structure, transaction flow, and signal calibration stay in one visual system instead of fragmenting across tools.
What changes
Less context switching during active sessions.
Themarketleavesfingerprints.
Every IDX stock records who bought, who sold, and what it's worth. We read it, grade it, and write it up.
Free trial available nowSubscription plans coming soonNew: research reports
BBCABank Central Asia Tbk.5,550-375 (-6.33%)McapRp 684.2TAvg valueRp 2.2T
SummaryTransaction AnalysisBroker Summary Data
BBCA Price72 sessions · dailySlipstreamVolume
MUDISTMDRANGING6,3187,5638,80810,053
Accum / MarkupDist / MarkdownRanging
Signal readBBCA
Market cap
Rp 684.2T
Large cap
Liquidity
Rp 2.2T/d
High liquidity
Divergence SignalBullish (1 signal)
RS vs MarketOutperforming (1.04)
MFI47.9
Wyckoff PhaseRanging (tentative)
V2 Near 252d High-0.18
Concentration AsymmetryBalanced broker mix
RS vs SectorUnderperforming (0.93)
V2 Foreign Flow (20d)-0.39
Buyer Conc. (HHI)6.5 vs 9.6
CADI TrendFalling
V2 Momentum (60d)-0.81
V2 Size (illiquidity)-1.00
The 12 signals we read on every IDX ticker, laid out for you to weigh.
Current phase
Markdown
Period
5 Feb → 9 Jun · 75d
Trend
Weak · expanding
Broker signal
Buying +0.14
Start with the whole market
Rank every IDX ticker by SMT score, Wyckoff phase, and regime. A colour-coded breadth map, a screener that shows both sides, and watchlists that carry the same signals, so 950 names become a shortlist in a minute.
Screener
rank 950+ tickers by SMT
| Ticker | Signal | SMT | Trend |
|---|---|---|---|
| UNTR | Accum | 55.0 | · |
| ELSA | Neutral | 53.8 | · |
| ASII | Neutral | 53.7 | · |
| DKFT | Neutral | 53.7 | · |
| CPIN | Neutral | 53.0 | · |
| SSIA | Dist | 43.7 | · |
| CUAN | Dist | 43.8 | · |
| FUTR | Dist | 44.3 | · |
| MEDC | Dist | 44.4 | · |
| EMAS | Dist | 44.7 | · |
| PGEO | Dist | 44.8 | · |
Both ends of the SMT ranking, side by side — strongest accumulation on top, heaviest distribution below.
Market heatmap
every IDX sector · avg SMT
Materials
4999
Food & Bev
5092
Energy
4982
Property
5081
Consumer Svc
5049
Banks
4947
Industrials
5036
Technology
5033
Retail
4930
Logistics
5026
Construction
4924
Healthcare
5023
Average SMT by sector across 622+ scored names, leaning distribution: 1 accumulating against 22 distributing.
Watchlist
track a shortlist
UNTR
Accum
ELSA
Neutral
ASII
Neutral
DKFT
Neutral
CPIN
Neutral
Group the names you care about. Each one carries its live SMT score, Wyckoff structure, and flow read.
Then read one ticker, top to bottom
Every IDX stock gets the same workup: the Wyckoff structure, the transaction-flow read, and a calibrated signal grade, on three tabs you can open yourself. This is the actual analysis screen, on real data.
MDKAMerdeka Copper GoldRp 2,540▼ 8.6%20dLarge Cap
Signal read
Smtbull
Cadi Trendbull
Mfibear
Buyer Concbull
Buy Vs Vwapbull
The 5 signals behind the read, weighted by regime. You weigh them.
MDKA price
80 sessions · daily close
Rp 2,540
3,940 high → 2,540▼ 36%
Wyckoff phases
market structure · macro
Last confirmedmarkup
ranging07-30→11-10 · 72d
markup04-21→07-29 · 64d
markup03-12→04-21 · 21d
markdown12-02→03-12 · 56d
markdown10-03→12-02 · 42d
ranging10-09→10-02 · 235d
Real read on MDKA, 2025-11-10. Every figure pulled from the production engine.
See the read, make the call
Every read breaks into signals you can follow: broker flow, Wyckoff phase, and regime. Here is one run, start to finish.
arthara : analysis session
arthara analyze BBRI
Illustrative session on BBRI. The engine runs the same steps on every IDX ticker.
And when a name deserves the full write-up
Some stocks warrant more than a dashboard. Our research desk publishes in-depth reports — the complete thesis on a name, argued out and backed by the same engine — delivered as secure PDFs, watermarked to you.
The full thesis, written
Not another dashboard — a researched write-up on the name: the setup, the flow read, the risks and the levels, end to end. The work you'd do yourself, done for you.
Encrypted, watermarked to you
Every report is an encrypted PDF, watermarked to your account. What you download is meant for you — not a link that leaks to a group chat.
On the Report tier
Bundled with everything in Stock Analysis, under Analysis + Research Report. The desk's work, on top of the self-serve tools.
Verifiable, not a black box
No single opaque score. Every read breaks into named signals you can open and check, each calibrated and dated. Trust it, or argue with it, either way you can see the work.
tickers calibrated
860
Calibrated per ticker
Each ticker gets its own signal calibration from walk-forward testing — parameters are fitted on that ticker’s history alone, then tested on periods the model has never seen. MDKA is calibrated on its own history, model v417.
phase confidence
83%
Structure, dated and scored
The Wyckoff read is a dated history, not a guess. MDKA's last confirmed phase: markup (04-21 to 07-29). Every flow card shows its own number too.
this ticker
Large Cap
Regime-aware
Weights and thresholds adapt to each stock's regime and liquidity. A liquid mid-cap and a thin micro-cap, where one desk can move the price, are read differently. One model does not fit every name.
Built to feel like a better trading workspace, not a louder dashboard.
Most tools add more panels. Arthara keeps the context attached: every signal comes with structure, flow, and regime already in the same view.
2
Signals that stay interpretable
Regime-aware signals and Wyckoff phase context keep the output readable, so the platform supports judgment instead of replacing it.
What changes
Structure and flow stay attached to every signal.
3
A framework you can run daily
The product is designed for repeat use: scan, narrow, inspect, and act from the same operating model every day.
What changes
Better consistency than ad hoc watchlist hopping.
Pricing
Start free, upgrade anytime.
Start free with the market heatmap. A paid plan adds the screener and full analysis. Pay monthly, or save with a longer plan.
Free trial
Full access for 7 days.
Free
7-day trial · no card
- Full Pro access for 7 days
- Every analysis tool, screener & watchlists
- No credit card — pick a plan when it ends
Pro
Every analysis tool for self-directed research.
Rp1,000,000/year
2 months free
Rp 83,333/mo effective- Unlimited ticker analyses
- Full screener with all presets
- Watchlists & tracking
- Interactive Wyckoff phases
- Full factor breakdown
Most popular
Institutional
Everything in Pro, plus our research desk.
Rp2,500,000/year
2 months free
Rp 208,333/mo effective- Unlimited ticker analyses
- Full screener with all presets
- Watchlists & tracking
- Interactive Wyckoff phases
- Full factor breakdown
- IDX Rotation
- Research reports
Paid plans are opening soon. Create a free account now and you'll be first in line when they go live.
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Frequently asked questions
What data does Arthara use?
We aggregate daily broker summary data from the Indonesian Stock Exchange (IDX), including per-broker buy/sell volumes, transaction counts, and price data for 950+ listed tickers.
How does broker-flow tracking work?
Arthara reads broker-flow concentration, net positioning, and historical patterns to identify when institutional brokers are accumulating or distributing shares. The broker-flow tracker (SMT) combines conviction weighting with streak detection.
What is the Wyckoff Phase Detection?
Wyckoff analysis classifies stock price action into four phases: Accumulation, Markup, Distribution, and Markdown. Our automated system uses a two-layer classifier combining broker scores with price action efficiency ratios, adapted per stock regime.
How accurate is the Verdict system?
The Verdict system scores seven factors weighted by each stock's regime profile (blue-chip, mid-cap, low-liquidity, etc.). It's designed as a decision-support tool, not a guarantee. Historical hit rates are shown per ticker for transparency.
When will paid plans start?
Arthara is currently in free trial — all features are fully accessible with no credit card required. Subscription plans launch soon, starting from Rp 99,000/month with monthly and annual options. You'll be notified before any billing begins.
Is there an API available?
Not at this time. We are focused on delivering the best web-based analysis experience first. API access for programmatic integration is on our roadmap and will be announced when available.
Which brokers are tracked?
All brokers that report to the IDX are tracked. This includes major domestic brokers, foreign securities firms, and online brokers. Flow is analyzed at the broker level, not individual account level.
Important Disclaimer
Not Financial Advice (NFA).
All data, analysis, scores, signals, verdicts, Wyckoff phase classifications, broker-flow tracking (SMT) metrics, flow-price predictions, broker flow overlays, regime classifications, and any other information presented on Arthara are provided strictly for educational and informational purposes only. Nothing on this platform constitutes, or should be construed as, a recommendation, solicitation, or offer to buy, sell, or hold any security, financial instrument, or investment product.
Do Your Own Research (DYOR).
Any investment decision you make is entirely your own responsibility. You should conduct your own independent research, due diligence, and analysis before making any investment decisions. Consider consulting with a licensed financial advisor, broker, or other qualified professional who is familiar with your individual financial situation and risk tolerance before acting on any information provided by this platform.
No Guarantee of Accuracy.
While we strive to provide accurate and up-to-date information, Arthara makes no representations or warranties of any kind, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of any data, analysis, or information displayed on this platform. Market data may be delayed, incomplete, or contain errors. Historical patterns, statistical models, and algorithmic signals do not guarantee future results. Past performance is not indicative of future performance.
Assumption of Risk.
Trading and investing in securities, including stocks listed on the Indonesia Stock Exchange (IDX), involves substantial risk of loss and is not suitable for every investor. The value of investments can fluctuate significantly, and you may lose some or all of your invested capital. You acknowledge and accept that you bear sole responsibility for any and all trading and investment decisions you make, regardless of whether those decisions were informed by data or analysis from this platform.
Limitation of Liability.
Under no circumstances shall Arthara, its creators, developers, contributors, affiliates, or any associated parties be held liable for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to damages for loss of profits, goodwill, data, or other intangible losses, arising out of or in connection with your use of this platform or reliance on any information provided herein.
Third-Party Data.
Market data, pricing information, and broker transaction data displayed on this platform are sourced from third-party providers. We do not control, verify, or guarantee the accuracy or timeliness of third-party data. Any discrepancies between data shown on this platform and official exchange records should be resolved by referring to the official source.
By using Arthara, you acknowledge that you have read, understood, and agreed to this disclaimer in its entirety. If you do not agree with any part of this disclaimer, you should not use this platform. This disclaimer may be updated from time to time without prior notice.
Ready when you are
See the structure and flow, with less noise.
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