OPEN-SOURCE SCRIPT
7-Point Confluence Panel
How it works: a table in the top-right shows all 7 items in two columns (Long / Short), checkmark or dash for each, and a live score out of 7 at the bottom — green at 6-7 (Tier A), orange at 4-5 (Tier B), grey below that (Tier C, skip). What each check actually measures:
1. Bias — real, from your structure array (2 consecutive same-direction swings)
2. Zone confluence — proxy: counts how many bars in the lookback touched near the major zone; adjust touch_min/touch_lookback if it's over- or under-counting on your charts
3. OB retest — proxy: did the last closed bar wick into the zone and close back out
4. Dominant candle — proxy: last bar's range vs. a 20-bar average, times your dominant_mult input
5. HL/LH at zone — real: checks your last confirmed swing sits within ATR distance of the zone
6. Confirmation pause — proxy: recent bars contracted below a chosen ATR fraction
7. Structure clean — real: current bar hasn't broken back past the last confirmed swing
1. Bias — real, from your structure array (2 consecutive same-direction swings)
2. Zone confluence — proxy: counts how many bars in the lookback touched near the major zone; adjust touch_min/touch_lookback if it's over- or under-counting on your charts
3. OB retest — proxy: did the last closed bar wick into the zone and close back out
4. Dominant candle — proxy: last bar's range vs. a 20-bar average, times your dominant_mult input
5. HL/LH at zone — real: checks your last confirmed swing sits within ATR distance of the zone
6. Confirmation pause — proxy: recent bars contracted below a chosen ATR fraction
7. Structure clean — real: current bar hasn't broken back past the last confirmed swing
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.