OPEN-SOURCE SCRIPT
Updated Heikin ERL Pulse
Heikin ERL Pulse
This indicator combines ICT concepts with a Heikin Ashi trend filter to generate clean breakout signals.
How it works:
Plots External Range Liquidity (ERL) levels based on swing highs and lows.
When price breaks an ERL High → Buy signal
When price breaks an ERL Low → Sell signal
Signals are filtered by a Heikin Ashi Moving Average. Buys are only allowed when price is above the HA MA, and sells only when price is below it.
Also displays Fair Value Gaps (FVG) and Change in State of Delivery (CSD) for additional context.
Key Features:
Heikin ERL Pulse break signals
Heikin Ashi MA trend filter
Optional FVG and CSD visuals
Clean and minimal design
Ideal for traders who want simple liquidity break signals aligned with the short-term trend.
This indicator combines ICT concepts with a Heikin Ashi trend filter to generate clean breakout signals.
How it works:
Plots External Range Liquidity (ERL) levels based on swing highs and lows.
When price breaks an ERL High → Buy signal
When price breaks an ERL Low → Sell signal
Signals are filtered by a Heikin Ashi Moving Average. Buys are only allowed when price is above the HA MA, and sells only when price is below it.
Also displays Fair Value Gaps (FVG) and Change in State of Delivery (CSD) for additional context.
Key Features:
Heikin ERL Pulse break signals
Heikin Ashi MA trend filter
Optional FVG and CSD visuals
Clean and minimal design
Ideal for traders who want simple liquidity break signals aligned with the short-term trend.
Release Notes
Update:Improved the Heikin Ashi MA filter logic.
Previously the filter used price position relative to the HA MA.
Now it uses the direction/slope of the HA Moving Average:
Green HA MA (rising) → Only Buy signals allowed
Red HA MA (falling) → Only Sell signals allowed
This prevents counter-trend signals when the HA MA is clearly trending in one direction.
Open-source script
In true PulseWire 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.
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 PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire 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.
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 PulseWire. Read more in the Terms of Use.