OPEN-SOURCE SCRIPT
Ricosweat mix
Ricosweat Mix is a multi‑framework market‑structure and trend‑context indicator designed for intraday and swing traders who want a clean, actionable dashboard of higher‑timeframe trend, dynamic moving averages, VWAP structure, S/R flips, and candle‑by‑candle momentum shifts.
This script blends several high‑value components into one unified overlay, helping traders quickly understand trend direction, intraday bias, and key reaction zones without clutter.
Core Features
1. Higher‑Timeframe Trend Filter (HTF)
Pulls EMA‑200 from a user‑selectable higher timeframe (default: 60‑minute).
Provides a simple visual trend bias so traders can align entries with HTF momentum.
2. Moving Averages Suite
Configurable and color‑coded:
9 EMA – short‑term momentum
21 EMA – micro‑trend
200 EMA – macro‑trend anchor
Session VWAP – institutional volume‑weighted mean
Optional VWAP Standard Deviation Bands for volatility context
These help identify pullbacks, trend continuation zones, and dynamic support/resistance.
3. Pivot‑Based Support & Resistance Flips
Automatic detection of pivot highs/lows using left/right bar inputs
Highlights S/R flips, a powerful price‑reaction signal used by discretionary traders
Custom colors for support vs. resistance
4. First‑Hour Initial Balance (IB)
Plots the 0930–1030 session IB (configurable)
Helps traders track range expansion, breakout conditions, and opening‑drive behavior
Clean IB high/low lines with customizable color
5. CBC (Candle‑By‑Candle) Trend Flips
Highlights bullish or bearish candle‑by‑candle shifts
Useful for scalpers and momentum traders
Custom bull/bear colors for instant visual recognition
What This Indicator Helps You Do
Quickly identify trend alignment across multiple timeframes
Spot high‑probability pullback zones using EMAs and VWAP
Track intraday structure via IB and pivot‑based S/R
Recognize micro‑momentum shifts with CBC flips
Reduce chart clutter by combining several tools into one unified overlay
Ideal For
Intraday futures traders (NQ, ES, SPY, QQQ)
Momentum scalpers
Trend‑following traders
Anyone wanting a clean, multi‑signal overlay without over‑complication
This script blends several high‑value components into one unified overlay, helping traders quickly understand trend direction, intraday bias, and key reaction zones without clutter.
Core Features
1. Higher‑Timeframe Trend Filter (HTF)
Pulls EMA‑200 from a user‑selectable higher timeframe (default: 60‑minute).
Provides a simple visual trend bias so traders can align entries with HTF momentum.
2. Moving Averages Suite
Configurable and color‑coded:
9 EMA – short‑term momentum
21 EMA – micro‑trend
200 EMA – macro‑trend anchor
Session VWAP – institutional volume‑weighted mean
Optional VWAP Standard Deviation Bands for volatility context
These help identify pullbacks, trend continuation zones, and dynamic support/resistance.
3. Pivot‑Based Support & Resistance Flips
Automatic detection of pivot highs/lows using left/right bar inputs
Highlights S/R flips, a powerful price‑reaction signal used by discretionary traders
Custom colors for support vs. resistance
4. First‑Hour Initial Balance (IB)
Plots the 0930–1030 session IB (configurable)
Helps traders track range expansion, breakout conditions, and opening‑drive behavior
Clean IB high/low lines with customizable color
5. CBC (Candle‑By‑Candle) Trend Flips
Highlights bullish or bearish candle‑by‑candle shifts
Useful for scalpers and momentum traders
Custom bull/bear colors for instant visual recognition
What This Indicator Helps You Do
Quickly identify trend alignment across multiple timeframes
Spot high‑probability pullback zones using EMAs and VWAP
Track intraday structure via IB and pivot‑based S/R
Recognize micro‑momentum shifts with CBC flips
Reduce chart clutter by combining several tools into one unified overlay
Ideal For
Intraday futures traders (NQ, ES, SPY, QQQ)
Momentum scalpers
Trend‑following traders
Anyone wanting a clean, multi‑signal overlay without over‑complication
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.