OPEN-SOURCE SCRIPT
Entry Checklist Panel
## The 13 checklist points, explained
**1. Trend breaks swing / bias** — Is the market actually trending right now? The script looks at recent swing highs and lows and checks if price has been making higher highs and higher lows (uptrend) or lower highs and lower lows (downtrend) two times in a row. If yes, there's a real trend to trade with.
**2. Pullback small + low volume** — When price pulls back against the trend, is that pullback small and quiet, not a big aggressive move? A weak, low-volume pullback suggests the trend is just resting, not reversing.
**3. Volume match move** — Was the volume during the actual trending move bigger than the volume during the pullback? If the trend candles had more participation (volume) than the pullback candles, that's a sign the trend is the "real" move and the pullback is just noise.
**4. 9EMA/VWAP close** — Are the 9-period moving average and VWAP sitting near each other (within 1%)? If they're far apart, price is stretched too far in one direction and may need to cool off before continuing.
**5. Entry near 9EMA/VWAP** — Is your actual entry price close to one of those two reference lines? Entering too far away from either means you're chasing price rather than getting a fair, supported entry.
**6. Breaking ORB high/low** — Has price broken above or below the opening range (the high/low set in the first several minutes of the session)? This is often the sign that a real directional move for the day is starting.
**7. Key level out of way (manual)** — Is there a support/resistance line you've drawn nearby that price hasn't cleared yet? You check this yourself — if a key level is sitting right in the way, it's not a clean entry.
**8. 200/400 SMA not in the way** — Are the longer-term moving averages either trending clearly, or is price already clear of both? If they're flat and price is tangled up in them, that's resistance/support you'd be fighting.
**9. FTFC aligned (manual)** — Does your "timeframe continuity" indicator agree with the direction you want to trade? You check this yourself since it depends on a separate tool.
**10. SL makes sense (manual)** — Is your stop-loss placed sensibly — not too wide, with room to reach your target, and beyond the levels that would prove you wrong? A judgment call only you can make.
**11. Not consolidating at entry** — Is the current candle showing real movement, or is price just chopping sideways in a tight range? Trading during dead chop is a losing habit; this row checks for actual expansion.
**12. Bid/ask held 5s (manual)** — For quick order-book-based (BW) entries: did the price actually hold at your entry level for a few seconds instead of just flickering through it? You confirm this yourself in the moment.
**13. Pullback engulfed (manual)** — Did the move back in your favor "engulf" (fully cover) the pullback candle before you? Not required, but it's a stronger signal when it happens — you judge this by eye.
**1. Trend breaks swing / bias** — Is the market actually trending right now? The script looks at recent swing highs and lows and checks if price has been making higher highs and higher lows (uptrend) or lower highs and lower lows (downtrend) two times in a row. If yes, there's a real trend to trade with.
**2. Pullback small + low volume** — When price pulls back against the trend, is that pullback small and quiet, not a big aggressive move? A weak, low-volume pullback suggests the trend is just resting, not reversing.
**3. Volume match move** — Was the volume during the actual trending move bigger than the volume during the pullback? If the trend candles had more participation (volume) than the pullback candles, that's a sign the trend is the "real" move and the pullback is just noise.
**4. 9EMA/VWAP close** — Are the 9-period moving average and VWAP sitting near each other (within 1%)? If they're far apart, price is stretched too far in one direction and may need to cool off before continuing.
**5. Entry near 9EMA/VWAP** — Is your actual entry price close to one of those two reference lines? Entering too far away from either means you're chasing price rather than getting a fair, supported entry.
**6. Breaking ORB high/low** — Has price broken above or below the opening range (the high/low set in the first several minutes of the session)? This is often the sign that a real directional move for the day is starting.
**7. Key level out of way (manual)** — Is there a support/resistance line you've drawn nearby that price hasn't cleared yet? You check this yourself — if a key level is sitting right in the way, it's not a clean entry.
**8. 200/400 SMA not in the way** — Are the longer-term moving averages either trending clearly, or is price already clear of both? If they're flat and price is tangled up in them, that's resistance/support you'd be fighting.
**9. FTFC aligned (manual)** — Does your "timeframe continuity" indicator agree with the direction you want to trade? You check this yourself since it depends on a separate tool.
**10. SL makes sense (manual)** — Is your stop-loss placed sensibly — not too wide, with room to reach your target, and beyond the levels that would prove you wrong? A judgment call only you can make.
**11. Not consolidating at entry** — Is the current candle showing real movement, or is price just chopping sideways in a tight range? Trading during dead chop is a losing habit; this row checks for actual expansion.
**12. Bid/ask held 5s (manual)** — For quick order-book-based (BW) entries: did the price actually hold at your entry level for a few seconds instead of just flickering through it? You confirm this yourself in the moment.
**13. Pullback engulfed (manual)** — Did the move back in your favor "engulf" (fully cover) the pullback candle before you? Not required, but it's a stronger signal when it happens — you judge this by eye.
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.