OPEN-SOURCE SCRIPT
VectorPulse Pro v3
█ VECTORPULSE PRO v3 - Institutional Trend Detection
A multi-factor confirmation system designed for SPY, QQQ, and IWM on 5m/15m timeframes.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
HOW TO USE
▲ LONG SIGNAL
• Enter when green "▲ LONG" label appears
• Place stop-loss below recent swing low
• Target: 1.5-2x risk or next resistance level
▼ SHORT SIGNAL
• Enter when red "▼ SHORT" label appears
• Place stop-loss above recent swing high
• Target: 1.5-2x risk or next support level
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SIGNAL QUALITY
Each signal shows a score (e.g., "6/7") indicating how many filters passed:
• 7/7 = Highest conviction
• 5-6/7 = Strong signal
• Below 5 = Signal filtered out
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
CONFIRMATION FILTERS
✓ Momentum - Price moving in signal direction
✓ Volume - Above-average volume on breakout
✓ RSI - Not overbought/oversold
✓ VWAP - Long above, Short below
✓ EMA - 9/21 EMA trend alignment
✓ ATR - Volatility expansion
✓ Candle - Strong body confirmation
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
BEST PRACTICES
1. Trade with the trend (check dashboard bias)
2. Wait for pullbacks to trend line
3. Avoid signals during first/last 30 min
4. Higher timeframe = stronger signals
5. Use dashboard to monitor filter status
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SETTINGS BY TICKER
SPY: Default settings
QQQ: Channel Width 2.5
IWM: Channel Width 3.2
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
A multi-factor confirmation system designed for SPY, QQQ, and IWM on 5m/15m timeframes.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
HOW TO USE
▲ LONG SIGNAL
• Enter when green "▲ LONG" label appears
• Place stop-loss below recent swing low
• Target: 1.5-2x risk or next resistance level
▼ SHORT SIGNAL
• Enter when red "▼ SHORT" label appears
• Place stop-loss above recent swing high
• Target: 1.5-2x risk or next support level
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SIGNAL QUALITY
Each signal shows a score (e.g., "6/7") indicating how many filters passed:
• 7/7 = Highest conviction
• 5-6/7 = Strong signal
• Below 5 = Signal filtered out
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
CONFIRMATION FILTERS
✓ Momentum - Price moving in signal direction
✓ Volume - Above-average volume on breakout
✓ RSI - Not overbought/oversold
✓ VWAP - Long above, Short below
✓ EMA - 9/21 EMA trend alignment
✓ ATR - Volatility expansion
✓ Candle - Strong body confirmation
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
BEST PRACTICES
1. Trade with the trend (check dashboard bias)
2. Wait for pullbacks to trend line
3. Avoid signals during first/last 30 min
4. Higher timeframe = stronger signals
5. Use dashboard to monitor filter status
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
SETTINGS BY TICKER
SPY: Default settings
QQQ: Channel Width 2.5
IWM: Channel Width 3.2
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Get exclusive indicators & Alerts: scalping-algo.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Get exclusive indicators & Alerts: scalping-algo.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.