8020 System Indicator=============================================================================
8020 SYSTEM INDICATOR FOR TRADINGVIEW — USER GUIDE
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Strategy by Okala. This indicator is a chart companion for the 80/20 trading strategy, Okala's
framework for trading NQ (Nasdaq) futures around price levels ending in 80
and 20. All trading concepts described below are Okala's; the indicator
simply automates spotting and tracking them on the chart.
Nothing in this guide or the indicator is financial advice. It marks
patterns; the trading decisions remain yours.
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1. WHAT THE INDICATOR DOES
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The indicator draws the core 8020 read on a single chart:
80/20 LEVELS
Horizontal lines at every price ending in 20 or 80 (for example 23,480
and 23,520). In the 8020 framework these act as liquidity magnets:
prices where both institutional and retail orders cluster, producing
reversals, breakouts and stop runs. The indicator draws the nearest
levels above and below the current price and moves them with the market.
40-POINT ZONE BANDS
A translucent band from each 80-ending level up to the next 20-ending
level, straddling every round hundred (for example 23,480 to 23,520).
This is the zone the levels frame, shown as one shaded region.
REPAIRS ("R")
A repair is a candle with no wick on one side of its body. In Okala's
teaching this signals imbalance: aggressive one-sided orders left
unfinished business, and the market tends to return later to "repair"
the move by filling that missing liquidity.
- A bullish candle with no lower wick creates a bullish repair at its
low (a magnet below).
- A bearish candle with no upper wick creates a bearish repair at its
high (a magnet above).
The indicator draws a line from each repair, extending right until
price returns and taps it. Repairs are used both as confluence for
entries and as profit targets. Okala's guidance: recent, aggressive
repairs have the strongest pull; stale ones fade in relevance — the AGE
column in the stats table (see section 4) helps you judge this.
FORK ("F")
A reversal pattern after a sharp capitulation move: three consecutive
candles print wicks at similar prices, with the centre wick extending
furthest and small bodies on the outer two candles.
- A bullish fork: 1st candle closes bearish, the 2nd (centre) candle's
low dives deepest, the 3rd closes bullish to confirm the reversal.
- A bearish fork is the mirror image using the highs.
The indicator draws a line at the centre candle's wick extreme — the
key level of the pattern — extending right until price returns and
taps it. Detection fires when the 3rd candle confirms, and the line is
anchored back at the centre candle where the level actually formed.
CROSS SECTIONS ("XS")
A continuation pattern built from two strong candles in the same
direction where the close of the first meets the open of the second at
the same price — no gap and no overlap between the bodies. That
junction forms a precise level. The playbook: mark the level, wait for
price to pull back to it, and enter in the original trend direction.
The indicator draws a line at the junction, extending right until the
retest happens.
GAPS
Two consecutive candles whose bodies do not overlap, leaving a void
between them (up or down). A translucent box marks the gap and extends
right until price trades back into it — another form of unfinished
liquidity that price is drawn to fill.
A+ WINDOWS
Shaded background over the two sessions the strategy is traded in:
09:30-11:00 ET (morning) and 15:00-16:00 ET (afternoon). The period in
between (11:00-15:00 ET) is the dead zone and is deliberately left
unshaded. Daylight-saving changes are handled automatically.
CONFLUENCE ("+")
Any repair, fork or cross section that forms within a set distance of
an 80/20 level is recoloured (magenta by default) and its label gains a
"+" (for example "R+" or "F+"). Level-plus-pattern confluence is the
heart of the strategy, so these markers deserve the most attention.
STATS TABLE
An on-chart panel with a legend and a live list of every level that
has not yet been tapped. Covered fully in section 4.
Note: of the three core setups, the h Pattern is not yet detected by
this version of the indicator; the sub-levels taught in the full course
(33, 46, 66, 93) are also not drawn.
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2. GETTING STARTED
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CHART TIMEFRAMES
The system uses a 200-second chart for entries and a 10-minute chart for
bias. PulseWire only offers second-based intervals on Premium plans and
above; per Okala's own guidance, if your platform does not support
200-second candles, use 3-minute candles instead — the setups work the
same way. The 10-minute chart is read separately for direction; this
indicator draws the entry-timeframe picture.
The detection logic runs on any symbol and timeframe, but the level
spacing (80/20 within each hundred) and the default thresholds are tuned
for NQ and MNQ. Tick size is detected automatically (0.25 on NQ/MNQ) and
can be overridden in settings.
NO REPAINTING
All patterns are detected on confirmed (closed) candles only. A marker
will never appear mid-candle and then vanish; what you see in a replay is
what you would have seen live.
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3. SETTINGS, GROUP BY GROUP
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A note on transparency: PulseWire uses transparency rather than opacity,
so 0 means solid and 100 means invisible.
80/20 LEVELS
Show levels ............... master toggle for the horizontal lines
Dashed lines .............. dashed (on) or solid (off) level lines
Price labels .............. print the price next to each level
40-pt zone bands .......... toggle the shaded bands around each hundred
Levels each side .......... how many levels to draw above and below the
current price (default 10 each side)
Line width / transparency . visual styling for the level lines
Zone band transparency .... how faint the bands are (default 90, subtle)
Line / zone band colour ... colours for lines and bands
REPAIRS
Show repairs .............. toggle repair detection
"R" labels ................ toggle the R text label (line still draws)
Max wick (ticks) .......... how large a wick may be and still count as
"no wick". Default 0 = strictly wickless;
set to 1-2 to allow a tick or two of wick.
CROSS SECTIONS
Show cross sections ....... toggle detection
"XS" labels ............... toggle the XS text label
Body / range ratio ........ how much of each candle must be body for it
to count as a strong directional candle
(default 0.6 = 60 percent)
Junction tolerance (ticks). how closely close-1 must meet open-2
(default 2 ticks)
Min body (ticks) .......... minimum size of each momentum candle
(default 40 ticks = 10 NQ points)
FORK
Show fork ................. toggle fork detection
"F" labels ................ toggle the F text label (line still draws)
Outer-wick similarity ..... how close the 1st and 3rd candles' wicks
must sit to count as "similar prices"
(default 3 ticks)
Min center-wick depth ..... how far the center candle's wick must
extend beyond BOTH outer wicks for the
pattern to count (default 4 ticks = 1 pt)
Max outer body / range .... how small-bodied the outer candles must be:
the body may take up at most this fraction
of the candle's range (default 0.5). Lower
values demand more indecision-like outers.
MARKER STYLE (REPAIRS + CROSS SECTIONS + FORK)
Line width ................ thickness of the marker lines
Lookback (bars) ........... markers older than this are removed
(default 1000 bars; 0 disables the limit)
Bullish / bearish colour .. cyan and pink by default. These also colour
the labels and the stats-table rows. If you
use a light chart background, darken these.
CONFLUENCE
Highlight confluence ...... toggle the recolour-and-"+" behaviour
Distance to level (ticks) . how near an 80/20 level a marker must be to
count as confluent (default 8 ticks = 2 pts)
Colour .................... confluence colour (magenta by default)
GAPS
Show gaps ................. toggle gap boxes
Min gap size (ticks) ...... smallest body gap that registers
(default 4 ticks = 1 point)
Box transparency / colour . styling for the gap boxes
A+ WINDOWS
Shade A+ windows .......... toggle the session shading
Transparency / colour ..... styling for the shading
STATS TABLE
Show table ................ toggle the panel
Position .................. which corner or edge of the chart it sits in
Text size ................. Tiny, Small, Normal or Large
Max untapped rows ......... how many untapped levels to list (1-30).
The header always shows the true total even
when the list is capped.
GENERAL
Tick size (0 = auto) ...... leave at 0 to use the symbol's own tick
size; override only if needed.
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4. THE STATS TABLE
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The table has a white body with black text; section headers are inverted
(black with white text). Everything is set in a monospaced font. It
updates live on the last bar.
LEGEND (top section)
R repair (no-wick candle)
F fork (three-candle reversal)
XS cross section (junction of two momentum candles)
# coloured square: body gap
+ confluence with an 80/20 level
UP / DOWN arrows: bullish (cyan) and bearish (pink) marker direction
UNTAPPED (bottom section)
This is a live watch-list of every level the market has not yet returned
to — the levels that still have pull. The count in the header is the
total number outstanding. Rows are listed newest first, in three columns:
TYPE ... what the level is (R, F, XS or GAP), with a "+" if it sits in
confluence with an 80/20 level, and an arrow for direction.
An up arrow means price would come DOWN to tap it (a magnet
below); a down arrow means price would come UP to tap it.
PRICE .. the exact level, or for gaps the full price range of the void.
AGE .... how many bars have passed since the level was created. Recency
matters in this system — fresh repairs pull hardest — so a
young age is generally more interesting than an old one. For
forks, age is counted from the centre candle, where the level
actually formed.
The moment price taps a level, its line stops extending on the chart and
its row leaves the table, so the table always reflects what is still open.
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5. READING THE CHART: THE INTENDED WORKFLOW
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The indicator is built to support a daily routine, rather than
replace it:
1. Pre-market, note where the 80/20 levels and fresh repairs sit; the
untapped table gives you this list at a glance.
2. Set bias from the 10-minute chart (a separate chart or layout).
3. Trade only inside the shaded A+ windows and avoid the dead zone.
4. Wait for a setup at a marked location — a fork reversal at
exhaustion, a cross section pullback or a reaction at a repair —
with the highest priority on "+" (confluent) markers near 80/20
levels.
5. Manage risk per the playbook: a 10-15 point stop at structure (size
down if wider), a 15-point standard target (1.0-1.5R), and a strict
cap of one to three trades per day. Repairs above or below often
serve as the natural targets.
The indicator marks locations and keeps score of what remains untapped;
the discipline — windows, bias, risk and trade count — is on you.
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6. ALERTS
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There is an "Alerts" group in the settings with seven toggles: new repair, new fork, new cross section, new gap (off by default — they can be noisy), level tapped / gap filled, "+"-only mode (restricts new-marker alerts to confluent ones, which pairs nicely with the strategy's A+-setups-only discipline), and A+ window opens (off by default). Messages are compact and self-describing
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7. TECHNICAL NOTES AND LIMITS
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- PulseWire caps every indicator at 500 lines, 500 boxes and 500
labels. The script reserves headroom for the level lines and bands,
caps markers at 400 and gaps at 450, and when a cap is reached evicts
the oldest FILLED marker first, so open (untapped) levels are never
dropped in favour of dead ones.
- The Lookback setting removes markers older than the given number of
bars regardless of fill state, keeping the chart focused on recent
structure.
- Levels and zone bands are redrawn around the latest price on every
update, so they follow the market automatically.
- Fill checks use the candle's full range: a wick touching a level
counts as a tap.
- Detection is on-close only, which means a pattern is marked one candle
after it completes forming — the trade-off for signals that never
repaint. For the fork this means the marker appears when the 3rd
(confirming) candle closes, two candles after the centre candle that
set the level; the line is drawn back to that centre candle.
Credit once more to Okala for the strategy and all of the concepts this indicator visualises.
Indicator
