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Kewme//@version=5 indicator("EMA 9/15 + ATR TP/SL Separate Boxes (No Engulfing)", overlay=true, max_lines_count=500, max_boxes_count=500) // ===== INPUTS ===== atrLen = input.int(14, "ATR Length") slMult = input.float(1.0, "SL ATR Multiplier") rr = input.float(2.0, "Risk Reward") // ===== EMA ===== ema9 = ta.ema(close, 9) ema15 = ta.ema(close, 15) plot(ema9, color=color.green, title="EMA 9") plot(ema15, color=color.red, title="EMA 15") // ===== TREND STATE ===== var int trendState = 0 // ===== ATR ===== atr = ta.atr(atrLen) // ===== Indecision ===== bodySize = math.abs(close - open) candleRange = high - low indecision = bodySize <= candleRange * 0.35 // ===== SIGNAL CONDITIONS (NO Engulfing) ===== buySignal = ema9 > ema15 and trendState != 1 and indecision and close > ema9 sellSignal = ema9 < ema15 and trendState != -1 and indecision and close < ema9 // ===== UPDATE TREND STATE ===== if buySignal trendState := 1 if sellSignal trendState := -1 // ===== SL & TP ===== buySL = close - atr * slMult buyTP = close + atr * slMult * rr sellSL = close + atr * slMult sellTP = close - atr * slMult * rr // ===== PLOTS ===== plotshape(buySignal, text="BUY", style=shape.labelup, location=location.belowbar, color=color.green, size=size.tiny) plotshape(sellSignal, text="SELL", style=shape.labeldown, location=location.abovebar, color=color.red, size=size.tiny) // ===== VARIABLES ===== var line buySLLine = na var line buyTPLine = na var line sellSLLine = na var line sellTPLine = na var box buySLBox = na var box buyTPBox = na var box sellSLBox = na var box sellTPBox = na // ===== BUY SIGNAL ===== if buySignal // Delete previous if not na(buySLLine) line.delete(buySLLine) line.delete(buyTPLine) box.delete(buySLBox) box.delete(buyTPBox) // Draw lines buySLLine := line.new(bar_index, buySL, bar_index + 15, buySL, color=color.red, width=2) buyTPLine := line.new(bar_index, buyTP, bar_index + 15, buyTP, color=color.green, width=2) // Draw separate boxes buySLBox := box.new(bar_index, buySL - atr*0.1, bar_index + 15, buySL + atr*0.1, border_color=color.red, bgcolor=color.new(color.red,70)) buyTPBox := box.new(bar_index, buyTP - atr*0.1, bar_index + 15, buyTP + atr*0.1, border_color=color.green, bgcolor=color.new(color.green,70)) // ===== SELL SIGNAL ===== if sellSignal // Delete previous if not na(sellSLLine) line.delete(sellSLLine) line.delete(sellTPLine) box.delete(sellSLBox) box.delete(sellTPBox) // Draw lines sellSLLine := line.new(bar_index, sellSL, bar_index + 15, sellSL, color=color.red, width=2) sellTPLine := line.new(bar_index, sellTP, bar_index + 15, sellTP, color=color.green, width=2) // Draw separate boxes sellSLBox := box.new(bar_index, sellSL - atr*0.1, bar_index + 15, sellSL + atr*0.1, border_color=color.red, bgcolor=color.new(color.red,70)) sellTPBox := box.new(bar_index, sellTP - atr*0.1, bar_index + 15, sellTP + atr*0.1, border_color=color.green, bgcolor=color.new(color.green,70))
Pine Script® indicator
by arup19901
Live PDH/PDL Dashboard - Exact Time Fix saleem shaikh//@version=5 indicator("Live PDH/PDL Dashboard - Exact Time Fix", overlay=true) // --- 1. Stocks ki List --- s1 = "NSE:RELIANCE", s2 = "NSE:HDFCBANK", s3 = "NSE:ICICIBANK" s4 = "NSE:INFY", s5 = "NSE:TCS", s6 = "NSE:SBIN" s7 = "NSE:BHARTIARTL", s8 = "NSE:AXISBANK", s9 = "NSE:ITC", s10 = "NSE:KOTAKBANK" // --- 2. Function: Har stock ke andar jaakar breakout time check karna --- get_data(ticker) => // Kal ka High/Low (Daily timeframe se) pdh_val = request.security(ticker, "D", high , lookahead=barmerge.lookahead_on) pdl_val = request.security(ticker, "D", low , lookahead=barmerge.lookahead_on) // Aaj ka breakout check karna (Current timeframe par) curr_close = close is_pdh_break = curr_close > pdh_val is_pdl_break = curr_close < pdl_val // Breakout kab hua uska time pakadna (ta.valuewhen use karke) var float break_t = na if (is_pdh_break or is_pdl_break) and na(break_t) // Sirf pehla breakout time capture karega break_t := time // --- 3. Sabhi stocks ka Data fetch karna --- = request.security(s1, timeframe.period, get_data(s1)) = request.security(s2, timeframe.period, get_data(s2)) = request.security(s3, timeframe.period, get_data(s3)) = request.security(s4, timeframe.period, get_data(s4)) = request.security(s5, timeframe.period, get_data(s5)) = request.security(s6, timeframe.period, get_data(s6)) = request.security(s7, timeframe.period, get_data(s7)) = request.security(s8, timeframe.period, get_data(s8)) = request.security(s9, timeframe.period, get_data(s9)) = request.security(s10, timeframe.period, get_data(s10)) // --- 4. Table UI Setup --- var tbl = table.new(position.top_right, 3, 11, bgcolor=color.rgb(33, 37, 41), border_width=1, border_color=color.gray) // Row update karne ka logic updateRow(row, name, price, hi, lo, breakT) => table.cell(tbl, 0, row, name, text_color=color.white, text_size=size.small) string timeDisplay = na(breakT) ? "-" : str.format("{0,time,HH:mm}", breakT) if price > hi table.cell(tbl, 1, row, "PDH BREAK", bgcolor=color.new(color.green, 20), text_color=color.white, text_size=size.small) table.cell(tbl, 2, row, timeDisplay, text_color=color.white, text_size=size.small) else if price < lo table.cell(tbl, 1, row, "PDL BREAK", bgcolor=color.new(color.red, 20), text_color=color.white, text_size=size.small) table.cell(tbl, 2, row, timeDisplay, text_color=color.white, text_size=size.small) else table.cell(tbl, 1, row, "Normal", text_color=color.gray, text_size=size.small) table.cell(tbl, 2, row, "-", text_color=color.gray, text_size=size.small) // --- 5. Table Draw Karna --- if barstate.islast table.cell(tbl, 0, 0, "Stock", text_color=color.white, bgcolor=color.gray) table.cell(tbl, 1, 0, "Signal", text_color=color.white, bgcolor=color.gray) table.cell(tbl, 2, 0, "Time", text_color=color.white, bgcolor=color.gray) updateRow(1, "RELIANCE", c1, h1, l1, t1) updateRow(2, "HDFC BANK", c2, h2, l2, t2) updateRow(3, "ICICI BANK", c3, h3, l3, t3) updateRow(4, "INFY", c4, h4, l4, t4) updateRow(5, "TCS", c5, h5, l5, t5) updateRow(6, "SBI", c6, h6, l6, t6) updateRow(7, "BHARTI", c7, h7, l7, t7) updateRow(8, "AXIS", c8, h8, l8, t8) updateRow(9, "ITC", c9, h9, l9, t9) updateRow(10, "KOTAK", c10, h10, l10, t10)
Pine Script® indicator
by hekagamers
4MA / 4MA-1 Interactive Projection and Volatility Envelopehis script is a user-interactive upgrade to my original 4MA projection tool (Code 1). The goal of this version is to keep the same core behavior while adding transparent controls so you can adapt it to different symbols, timeframes, and market regimes. At its core, the indicator tracks: MA4 (4-period SMA) and MA4 (the 1-bar lag of MA4) to show short-term alignment and slope, and A forward projection path plus a deviation “envelope” to visualize typical expansion vs. stretched moves vs. extreme deviations. What’s on the chart 1) Live structure lines MA4 and MA4 are plotted on the chart. Their relationship provides a simple structure read: MA4 > MA4 → bullish alignment MA4 < MA4 → bearish alignment 2) Projection path (optional) The script builds a forward “projection” by sampling a historical MA window and drawing that shape forward by a user-defined bar shift. Delta-anchor option (recommended): When enabled, the sampled shape is re-centered onto the current MA level (preserves relative movement rather than absolute price level). Important: This projection is a visual reference model, not a promise of future price. 3) Standard deviation envelopes (optional) Deviation bands are derived from the distribution of (close − MA4) across the sampled window, then applied around the projected path using configurable multipliers (a “ladder” of envelopes). These envelopes are designed to help visualize: Normal expansion zones Momentum stretch zones Extreme deviation zones where the model is more likely to be challenged 4) Projected cross confluence (vertical lines) Vertical confluence lines mark where the projected MA4 and projected MA4 would intersect (bull / bear). These are intended as forward structure landmarks, not trade signals. 5) Alerts (optional) Alerts can be enabled for breaches of the projected deviation envelope: Band 3 breach: momentum stretch / extension Band 4 breach: extreme deviation / model challenged (“invalidation” zone) Wicks or closes can be used for the breach check depending on preference. 6) Table (optional) A compact table summarizes: MA values alignment status The most recent cross context (BUY/SELL labeling here is informational labeling of the MA cross state, not a guarantee of performance) How to use (practical workflow) Set the market + timeframe first Choose the symbol and timeframe you trade. This tool is designed to be tuned. Adjust the pattern window “Pattern Start/End (bars back)” controls what historical sample is used. Different assets/timeframes respond best to different windows. Toggle projection + confluence lines If projection landmarks add clarity, keep them on. If you want a cleaner chart, toggle them off. Use bands as context Movement inside the inner bands often reflects more typical expansion. Band 3/4 areas represent progressively more stretched conditions. Use alerts as notifications, not commands Alerts are best used as “check the chart” prompts rather than auto-trade triggers. Notes & disclaimers (Publishing-safe) This script is intended for analysis and decision support. It does not execute trades and does not guarantee outcomes. Projections and envelopes are models and can be exceeded or invalidated by volatility. Always use risk management and confirm with your own framework. Change log (recommended) v2 (Interactive Upgrade): Added user controls for projection window and visualization Added/expanded optional confluence markers, alerts, and presentation settings Improved transparency and tunability across symbols/timeframes This version is the recommended upgrade to the original release: same concept, more user control, clearer documentation, and better adaptability across markets.
Pine Script® indicator
by Dinjin
HARSI RSI Shadow SHORT Strategy M1HARSI – Heikin Ashi RSI Shadow Indicator HARSI (Heikin Ashi RSI Shadow) is a momentum-based oscillator that combines the concept of Heikin Ashi smoothing with the Relative Strength Index (RSI) to reduce market noise and highlight short-term trend strength. Instead of plotting traditional price candles, HARSI transforms RSI values into a zero-centered oscillator (RSI − 50), allowing traders to clearly identify bullish and bearish momentum around the median line. The smoothing mechanism inspired by Heikin Ashi candles helps filter out false signals, making the indicator especially effective on lower timeframes such as M1. The RSI Shadow reacts quickly to momentum shifts while maintaining smooth transitions, which makes it suitable for scalping and intraday trading. Key threshold levels (such as ±20 and ±30) can be used to detect momentum expansion, exhaustion, and potential continuation setups.
Pine Script® strategy
by RumeryWise0288
mua HARSI RSI Shadow Strategy M1 (Fixed)HARSI – Heikin Ashi RSI Shadow Indicator HARSI (Heikin Ashi RSI Shadow) is a momentum-based oscillator that combines the concept of Heikin Ashi smoothing with the Relative Strength Index (RSI) to reduce market noise and highlight short-term trend strength. Instead of plotting traditional price candles, HARSI transforms RSI values into a zero-centered oscillator (RSI − 50), allowing traders to clearly identify bullish and bearish momentum around the median line. The smoothing mechanism inspired by Heikin Ashi candles helps filter out false signals, making the indicator especially effective on lower timeframes such as M1. The RSI Shadow reacts quickly to momentum shifts while maintaining smooth transitions, which makes it suitable for scalping and intraday trading. Key threshold levels (such as ±20 and ±30) can be used to detect momentum expansion, exhaustion, and potential continuation setups. HARSI works best in liquid markets and can be used as a standalone momentum indicator or combined with trend filters such as moving averages or VWAP for higher-probability trades. Key Features: Zero-centered RSI oscillator (RSI − 50) Heikin Ashi–style smoothing to reduce noise Clear momentum-based entry signals Optimized for lower timeframes (M1 scalping) Suitable for both Spot and Futures trading
Pine Script® strategy
by RumeryWise0288
Stock-Bond Correlation (60/40 Killer)Inspired by David Dredge Why It Matters: When correlation > 0: ❌ Bonds don't provide cushion when stocks fall ❌ Both portfolio engines fail simultaneously ❌ Rebalancing makes losses worse ✅ Long volatility strategies outperform ✅ Gold often benefits Trading Signals: When Correlation Crosses Above 0: Action: Reduce 60/40 allocation Add long volatility positions Consider gold/commodities Increase cash buffer When Correlation > 0.3: Action: Emergency mode Maximum long vol exposure Defensive positioning Review all correlations When Correlation Returns Negative: Action: Can resume 60/40 Scale back volatility hedges Return to normal risk
Pine Script® indicator
by surfgurujeff
Triple KDJ - CKThe Triple KDJ is a market-reading architecture based on multiscale confirmation, not a new indicator. It consists of the simultaneous use of three KDJ settings with different parameters to represent three levels of price behavior: short-, medium-, and long-term. The systemic logic is simple and robust: a move is considered tradable only when there is directional coherence across all three layers, which reduces noise, prevents entries against the dominant regime, and stabilizes decision-making. At the slowest level, the KDJ acts as a structural regime filter. It defines whether the market is, at that moment, permissive for buying, selling, or remaining neutral. When the slow KDJ shows the hierarchy J > K > D, the environment is bullish; when J < K < D occurs, the environment is bearish. If this condition is not clear, any signal on the faster levels should be ignored, as it represents only local fluctuation without directional support. The intermediate KDJ fulfills the role of continuity confirmation. It checks whether the impulse observed on the short-term level is supported by the developing move. In practical terms, it prevents entries based solely on micro-impulses that fail to evolve into real price displacement. When the intermediate KDJ replicates the same directional hierarchy as the slow KDJ, structure and movement are aligned. The fast KDJ is used exclusively as a timing tool, never as a standalone signal generator. This is where the J line reacts first, often emerging from extreme zones and offering the lowest-risk entry point. In the Triple KDJ, the fast layer does not “command” the trade; it simply executes what has already been authorized by the higher levels. The J line plays a central role in this architecture. In the fast KDJ, it anticipates the change in impulse; in the intermediate KDJ, it confirms the transformation of that impulse into movement; and in the slow KDJ, it determines whether the market accepts or rejects that direction. For this reason, in the Triple KDJ the correct reading is not about line crossovers, but about a consistent hierarchy among J, K, and D across multiple scales.
Pine Script® indicator
by musashibruno
Weis Wave Renko Panel 2 (Effort / Strength / Climax)Weis Wave Renko • Institutional HUD + Panel 2 Wyckoff / Auction Market Framework This project consists of TWO COMPLEMENTARY INDICATORS, designed to be used together as a complete visual framework for reading Effort vs Result, Auction Direction, and Session Control, based on Wyckoff methodology and Auction Market Theory. These tools are not trade signal generators. They are context and decision-support instruments, built for discretionary traders who want to understand who is active, where effort is occurring, and when the auction is reaching maturity or exhaustion. 🔹 1) WEIS WAVE RENKO — INSTITUTIONAL HUD (Overlay) 📍 Location: Plotted directly on the price chart 🎯 Purpose: Fast, high-level institutional context and trade permission The HUD answers: “What is the current state of the auction, and is trading permitted?” What the HUD shows: 🧠 Market Participation Measures how much participation is present in the market: Low Participation Weak Participation Active Participation Dominant Participation This reflects whether professional activity is present or absent, not direction alone. 📐 Auction Direction Defines how the auction is currently resolving: Auction Up Auction Down Balanced Auction This is derived from price progression and effort alignment. 🔥 Effort (Effort vs Result) Displays the relative strength of the current effort, normalized over recent waves: Visual effort bar Strength percentage (0–100) Effort classification: Low Effort Increasing Effort Strong Effort Effort Exhaustion This is the core Wyckoff concept: effort must produce result. 🌐 Session Control Shows which trading session is controlling the auction: Asia – Accumulation Phase London – Development Phase US RTH – Decision Phase The dominant session is visually emphasized, while others are intentionally de-emphasized. 🔎 Market State & Trade Permission Clearly separates structure from permission: Structure (Neutral, Developing, Trending, Climactic Extension) Permission Trade Permitted No Trade Zone When Effort Exhaustion is detected, the HUD explicitly signals No Trade Zone. 🔹 2) WEIS WAVE RENKO — PANEL 2 (Lower Pane) 📍 Location: Dedicated lower pane below the price chart 🎯 Purpose: Detailed, continuous visualization of effort, strength, and climax Panel 2 answers: “How is effort evolving, and is the auction maturing or exhausting?” What Panel 2 shows: 📊 Effort Wave (Weis-like) Histogram of accumulated effort per directional wave Green: Auction Up effort Red: Auction Down effort This reveals where real participation is building. 📈 Strength Line (0–100) Normalized strength of the current effort wave Same calculation used by the HUD Enables precise comparison of effort over time ⚠️ Climax / Effort Exhaustion Marker Triggered when effort is both strong and mature Highlights Climactic Extension / Exhaustion Serves as a warning, not an entry signal 🔗 HOW TO USE BOTH TOGETHER (IMPORTANT) These indicators are designed to be used simultaneously: Panel 2 reveals → how effort is building, peaking, or exhausting HUD translates that information into → market state and trade permission Typical workflow: Panel 2 identifies rising effort or climax HUD confirms: Participation quality Auction direction Session control Whether trading is permitted or restricted ⚠️ IMPORTANT NOTES These tools do not generate buy or sell signals They are contextual and structural Best used with: Wyckoff schematics Auction-based execution Market profile / volume profile Discretionary trade management 🎯 SUMMARY Institutional, non-lagging framework Effort vs Result at the core Clear separation between: Context Structure Permission Designed for professional discretionary traders
Pine Script® indicator
by alxgoulart
Titan 6.1 Alpha Predator [Syntax Verified]Based on the code provided above, the Titan 6.1 Alpha Predator is a sophisticated algorithmic asset allocation system designed to run within TradingView. It functions as a complete dashboard that ranks a portfolio of 20 assets (e.g., crypto, stocks, forex) based on a dual-engine logic of Trend Following and Mean Reversion, enhanced by institutional-grade filters.Here is a breakdown of how it works:1. The Core Logic (Hybrid Engine)The indicator runs a daily "tournament" where every asset competes against every other asset in a pairwise analysis. It calculates two distinct scores for each asset and selects the higher of the two:Trend Score: Rewards assets with strong directional momentum (Bullish EMA Cross), high RSI, and rising ADX.Reversal Score: Rewards assets that are mathematically oversold (Low RSI) but are showing a "spark" of life (Positive Rate of Change) and high volume.2. Key FeaturesPairwise Ranking: Instead of looking at assets in isolation, it compares them directly (e.g., Is Bitcoin's trend stronger than Ethereum's?). This creates a relative strength ranking.Institutional Filters:Volume Pressure: It boosts the score of assets seeing volume >150% of their 20-day average, but only if the price is moving up.Volatility Check (ATR): It filters out "dead" assets (volatility < 1%) to prevent capital from getting stuck in sideways markets."Alpha Predator" Boosters:Consistency: Assets that have been green for at least 7 of the last 10 days receive a mathematically significant score boost.Market Shield: If more than 50% of the monitored assets are weak, the system automatically reduces allocation percentages, signaling you to hold more cash.3. Safety ProtocolsThe system includes strict rules to protect capital:Falling Knife Protection: If an asset is in Reversal mode (REV) but the price is still dropping (Red Candle), the allocation is forced to 0.0%.Trend Stop (Toxic Asset): If an asset closes below its 50-day EMA and has negative momentum, it is marked as SELL 🛑, and its allocation is set to zero.4. How to Read the DashboardThe indicator displays a table on your chart with the following signals:SignalMeaningActionTREND 🚀Strong BreakoutHigh conviction Buy. Fresh uptrend.TREND 📈Established TrendBuy/Hold. Steady uptrend.REV ✅Confirmed ReversalBuy the Dip. Price is oversold but turning Green today.REV ⚠️Falling KnifeDo Not Buy. Price is cheap but still crashing.SELL 🛑Toxic AssetExit Immediately. Trend is broken and momentum is negative.Icons:🔥 (Fire): Institutional Buying (Volume > 1.5x average).💎 (Diamond): High Consistency (7+ Green days in the last 10).🛡️ (Shield): Market Defense Active (Allocations reduced due to broad market weakness).
Pine Script® indicator
by johnthetrader98
Candle Anatomy (feat. Dr. Rupward)# Candle Anatomy (feat. Dr. Rupward) ## Overview This indicator dissects a single Higher Timeframe (HTF) candle and displays it separately on the right side of your chart with detailed anatomical analysis. Instead of cluttering your entire chart with analysis on every candle, this tool focuses on what matters most: understanding the structure and strength of the most recent HTF candle. --- ## Why I Built This When analyzing price action, I often found myself manually calculating wick-to-body ratios, estimating retracement levels, and trying to gauge candle strength. This indicator automates that process and presents it in a clean, visual format. The "Dr. Rupward" theme is just for fun – a lighthearted way to present technical analysis. Think of it as your chart's "health checkup." Don't take it too seriously, but do take the data seriously! --- ## How It Works ### 1. Candle Decomposition The indicator breaks down the HTF candle into three components: - **Upper Wick %** = (High - max(Open, Close)) / Range × 100 - **Body %** = |Close - Open| / Range × 100 - **Lower Wick %** = (min(Open, Close) - Low) / Range × 100 Where Range = High - Low ### 2. Strength Assessment Based on body percentage: - **Strong** (≥70%): High conviction move, trend likely to continue - **Moderate** (40-69%): Normal price action - **Weak** (<40%): Indecision, potential reversal or consolidation ### 3. Pressure Analysis - **Upper Wick** indicates selling pressure (bulls pushed up, but sellers rejected) - **Lower Wick** indicates buying pressure (bears pushed down, but buyers rejected) Thresholds: - ≥30%: Strong pressure - 15-29%: Moderate pressure - <15%: Weak pressure ### 4. Pattern Recognition The indicator automatically detects: | Pattern | Condition | |---------|-----------| | Doji | Body < 10% | | Hammer | Lower wick ≥ 60%, Upper wick < 10%, Body < 35% | | Shooting Star | Upper wick ≥ 60%, Lower wick < 10%, Body < 35% | | Marubozu | Body ≥ 90% | | Spinning Top | Body < 30%, Both wicks > 25% | ### 5. Fibonacci Levels Displays key Fibonacci retracement and extension levels based on the candle's range: **Retracement:** 0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0 **Extension:** 1.272, 1.618, 2.0, 2.618 **Negative Extension:** -0.272, -0.618, -1.0 These levels help identify potential support/resistance if price retraces into or extends beyond the analyzed candle. ### 6. Comparison with Previous Candle When enabled, displays the previous HTF candle (semi-transparent) alongside the current one. This allows you to: - Compare range expansion/contraction - Observe momentum shifts - Identify continuation or reversal setups --- ## Settings Explained ### Display Settings - **Analysis Timeframe**: The HTF candle to analyze (default: Daily) - **Offset from Chart**: Distance from the last bar (default: 15) - **Candle Width**: Visual width of the anatomy candle - **Show Previous Candle**: Toggle comparison view ### Fibonacci Levels - Toggle individual levels on/off based on your preference - Retracement levels for pullback analysis - Extension levels for target projection ### Diagnosis Panel - Shows pattern name, strength assessment, and expected behavior - Can be toggled off if you prefer minimal display --- ## Use Cases 1. **Swing Trading**: Analyze daily candle structure before entering on lower timeframes 2. **Trend Confirmation**: Strong body % with minimal upper wick = healthy trend 3. **Reversal Detection**: Hammer/Shooting Star patterns with high wick % 4. **Target Setting**: Use Fibonacci extensions for take-profit levels --- ## Notes - This indicator is designed for analysis, not for generating buy/sell signals - Works best on liquid markets with clean price action - The "diagnosis" is algorithmic interpretation, not financial advice - Combine with your own analysis and risk management --- ## About the Name "Dr. Rupward" is a playful persona I created – combining "Right" + "Upward" (my trading philosophy) with a doctor theme because we're "diagnosing" candle health. It's meant to make technical analysis a bit more fun and approachable. Enjoy! --- ## Feedback Welcome If you find this useful or have suggestions for improvement, feel free to leave a comment. Happy trading!
Pine Script® indicator
by RUpward
Weis Wave Renko Institutional HUD (Wyckoff/Auction) v6Weis Wave Renko • Institutional HUD + Panel 2 Wyckoff / Auction Market Framework This project consists of TWO COMPLEMENTARY INDICATORS, designed to be used together as a complete visual framework for reading Effort vs Result, Auction Direction, and Session Control, based on Wyckoff methodology and Auction Market Theory. These tools are not trade signal generators. They are context and decision-support instruments, built for discretionary traders who want to understand who is active, where effort is occurring, and when the auction is reaching maturity or exhaustion. 🔹 1) WEIS WAVE RENKO — INSTITUTIONAL HUD (Overlay) 📍 Location: Plotted directly on the price chart 🎯 Purpose: Fast, high-level institutional context and trade permission The HUD answers: “What is the current state of the auction, and is trading permitted?” What the HUD shows: 🧠 Market Participation Measures how much participation is present in the market: Low Participation Weak Participation Active Participation Dominant Participation This reflects whether professional activity is present or absent, not direction alone. 📐 Auction Direction Defines how the auction is currently resolving: Auction Up Auction Down Balanced Auction This is derived from price progression and effort alignment. 🔥 Effort (Effort vs Result) Displays the relative strength of the current effort, normalized over recent waves: Visual effort bar Strength percentage (0–100) Effort classification: Low Effort Increasing Effort Strong Effort Effort Exhaustion This is the core Wyckoff concept: effort must produce result. 🌐 Session Control Shows which trading session is controlling the auction: Asia – Accumulation Phase London – Development Phase US RTH – Decision Phase The dominant session is visually emphasized, while others are intentionally de-emphasized. 🔎 Market State & Trade Permission Clearly separates structure from permission: Structure (Neutral, Developing, Trending, Climactic Extension) Permission Trade Permitted No Trade Zone When Effort Exhaustion is detected, the HUD explicitly signals No Trade Zone. 🔹 2) WEIS WAVE RENKO — PANEL 2 (Lower Pane) 📍 Location: Dedicated lower pane below the price chart 🎯 Purpose: Detailed, continuous visualization of effort, strength, and climax Panel 2 answers: “How is effort evolving, and is the auction maturing or exhausting?” What Panel 2 shows: 📊 Effort Wave (Weis-like) Histogram of accumulated effort per directional wave Green: Auction Up effort Red: Auction Down effort This reveals where real participation is building. 📈 Strength Line (0–100) Normalized strength of the current effort wave Same calculation used by the HUD Enables precise comparison of effort over time ⚠️ Climax / Effort Exhaustion Marker Triggered when effort is both strong and mature Highlights Climactic Extension / Exhaustion Serves as a warning, not an entry signal 🔗 HOW TO USE BOTH TOGETHER (IMPORTANT) These indicators are designed to be used simultaneously: Panel 2 reveals → how effort is building, peaking, or exhausting HUD translates that information into → market state and trade permission Typical workflow: Panel 2 identifies rising effort or climax HUD confirms: Participation quality Auction direction Session control Whether trading is permitted or restricted ⚠️ IMPORTANT NOTES These tools do not generate buy or sell signals They are contextual and structural Best used with: Wyckoff schematics Auction-based execution Market profile / volume profile Discretionary trade management 🎯 SUMMARY Institutional, non-lagging framework Effort vs Result at the core Clear separation between: Context Structure Permission Designed for professional discretionary traders
Pine Script® indicator
by alxgoulart