TheStrat Suite [Open Source] Entries, Targets, and Stop LossTheStrat Suite automates the detection, visualization, and alerting of price action setups based on TheStrat methodology (developed by Rob Smith) across up to six configurable timeframes simultaneously.
The guiding principle: show only the most valuable information. Rather than cluttering charts with every possible level and signal, the indicator uses logic based on user settings to determine what's relevant and worth displaying at any given moment.
WHAT IT DOES
The indicator identifies candle combinations (combos), actionable signals (inside bars, hammers, shooters), Failed 2s (range reclaims), and calculates magnitude and exhaustion targets — then draws entries, targets, stop losses, and take action windows directly on your chart. A real-time data table displays combo status, bar types, and Full Timeframe Continuity (FTFC) across all enabled timeframes. Candles themselves can be colored by Strat classification or by FTFC. Alerts can be filtered by timeframe continuity, signal type, specific timeframes, or Domino setups.
HOW IT WORKS
Multi-Timeframe Data Architecture
The indicator requests OHLC data from up to six user-configured timeframes in a single pass, then processes each timeframe's candle relationships independently. This allows the 5-minute, 60-minute, daily, and weekly structure to coexist on one chart without switching views.
Candle Classification Logic
Each closed candle is classified by comparing its high and low to the prior candle's range. A candle entirely within the prior range is type 1 (inside). A candle that exceeds one side is type 2 (directional). A candle that exceeds both sides is type 3 (outside). Directional bias (u/d) is determined by comparing close to open. A Failed 2 (also known as a Range Reclaim, 2d Green, or 2u Red) occurs when a directional candle breaks one side of an inside bar but fails to continue.
Hammer and Shooter Detection
The indicator offers three detection methods. Classic requires the candle to breach the prior candle's high or low but close back inside the prior range. Pin Bar adds a wick-to-body ratio requirement, filtering for candles where the rejecting wick is significantly longer than the body. Broad relaxes the close requirement, allowing the close to be near (not strictly inside) the prior range. Users select which method matches their trading style.
Failed 2 / Range Reclaim Detection
A Failed 2 occurs when price breaks one side of an inside bar (type 1) but reverses through the opposite side. The indicator provides four detection methods. Open flags the setup when the reversal candle opens beyond the broken level. Reclaim flags when price closes back through the opposite side of the inside bar's range. Both requires both conditions (open beyond AND close reclaim). Either flags when either condition is met. This configurability lets traders match detection to their preferred confirmation style.
Stop Loss Levels
When a signal fires with stops enabled, the indicator places a stop loss level on the opposite side of the trigger and locks it for the duration of the signal. The stop reference is selectable — the current candle for tighter risk, or C1 for wider invalidation — and an optional Break Even mode moves the stop to entry once magnitude or exhaustion is hit. A Smallest Timeframe Only mode draws just the tightest active stop when several timeframes are in force. Stop prices can be appended to alert messages.
Level Hierarchy and Consolidation
When multiple timeframes produce levels at similar prices, the indicator intelligently consolidates them into combined labels rather than hiding important information. Higher timeframes take display priority over lower timeframes — a weekly level takes precedence over a daily level at the same price — but both are represented in the consolidated label. Actionable signals (inside bars, hammers, shooters with defined triggers) take priority over static reference levels. This prevents chart clutter while preserving all relevant information in a readable format.
Intelligent Label Adaptation
Labels dynamically update as market structure changes. When a magnitude target from one timeframe coincides with a trigger level from another, the label consolidates to reflect both roles (e.g., "W MAG + D Trigger"). When levels are hit, invalidated, or superseded, labels update color and text to reflect current status rather than disappearing — preserving context for the trader.
Full Timeframe Continuity (FTFC) Filtering
FTFC status is calculated by evaluating directional bias across all enabled timeframes. When all timeframes show bullish bias (closing up relative to open), FTFC is bullish. When all show bearish bias, FTFC is bearish. Mixed bias means no continuity. Users can filter signals to only appear when FTFC aligns with the signal direction, reducing noise during consolidation.
Take Action Windows
When a signal forms on a higher timeframe, the indicator highlights the period during which that timeframe's candle remains open. This visual window reminds traders when a setup is "in force," providing a frame of reference for seeking entries on smaller timeframes.
Domino Detection
A Domino setup occurs when a signal on one timeframe can trigger another signal on an adjacent timeframe. The indicator detects and alerts on these conditions.
Bar Coloring
New in v3. Chart candles can be painted by their Strat classification or by the current Full Timeframe Continuity state, with optional highlighting when a bar flips to a Failing 2. One mode is active at a time, and coloring is off by default.
Preview Mode
When the market is closed, the indicator shifts to the next period's levels so setups can be planned before the open. The Auto default detects the instrument type and activates during off-hours — weekends for futures, pre/post-market for equities, even holidays — and turns itself off when trading resumes.
IMPLEMENTATION DETAILS
This implementation addresses several practical challenges traders face.
Multi-timeframe consolidation: Rather than constantly switching chart timeframes or mentally tracking multiple structures, all analysis exists in one view with intelligent deduplication when levels overlap.
Configurable detection methods: Hammer/shooter and Failed 2 detection aren't one-size-fits-all. The four Failed 2 methods and three hammer/shooter definitions let traders match the indicator to their specific confirmation requirements rather than accepting a single rigid definition.
Dynamic level management: Levels don't just appear and disappear — they adapt. A target becoming a trigger, a level being hit, or a setup invalidating all produce specific visual feedback rather than simply removing information. This preserves market context as price develops.
Alert filtering depth: Alerts can be filtered by FTFC alignment, signal type, specific timeframes, or Domino conditions — and the consolidated alert can append trigger, magnitude, exhaustion, and stop prices plus the FTFC state to each message — allowing traders to specify exactly which conditions warrant notification without building complex alert logic manually.
Performance optimization: Multi-timeframe analysis can be computationally expensive. This implementation consolidates data requests and limits historical depth on intensive calculations to maintain fast load times without sacrificing real-time functionality.
HOW TO USE IT
Setup
Pick a timeframe preset — TheStrat Classic, Scalp, Day Trade, Futures/Crypto, Swing Trade, or Investing — or set Custom to configure all six timeframe slots manually. Enable or disable specific bar combinations you want to see (e.g., 2-1, 3-2, etc.). Configure your preferred hammer/shooter and Failed 2 detection methods. Toggle FTFC filtering on/off based on your strategy.
Reading the Display
Solid lines represent reference levels (prior high/low). Dashed lines represent actionable triggers. Stop loss levels sit on the opposite side of the trigger. Color indicates direction (configurable) and status (hit, failed, active). Labels show timeframe, level type, and price — in Strat notation (2d-1-2u HAM) or a plain-language Universal style (REVERSAL, CONTINUATION, INSIDE, OUTSIDE, EXPANSION, FAILING). The data table shows current combo, bar type, and FTFC status per timeframe, in a Full layout or a Compact color-coded row.
Alerts
Set your chart timeframe equal to or lower than your lowest configured indicator timeframe, and set the alert interval accordingly. One consolidated alert covers every enabled timeframe with per-timeframe filtering, or use the individual alert conditions. Use alert filters to specify which conditions trigger notifications.
DOES IT REPAINT?
No. Completed-bar signals are built from confirmed higher-timeframe data and do not change on reload. The forming candle updates in real time by design — that is the live trigger you are watching — and the engineering rules that enforce this are documented in the repository.
DEFINITIONS
Combo: Two or more numbers representing the relationship between consecutive candles (e.g., 2-1, 3-2, 2-1-2). Each number indicates the candle type in sequence.
Candle Types: 1 = Inside, 2 = Directional, 3 = Outside.
Directional Bias: u = price above open, d = price below open.
C1/C2: C1 is the most recent closed candle, C2 is two bars back.
Magnitude: The measured move target, typically the C2 high or low.
Exhaustion: Extended targets beyond magnitude, indicating potential reversal zones.
FTFC: Full Timeframe Continuity — all timeframes aligned in the same direction.
Domino: A setup where one signal triggering can cascade into triggering adjacent timeframe signals.
KNOWN LIMITATIONS
PulseWire cannot request data from timeframes lower than your chart. Set chart timeframe accordingly.
Bar replay performance is unreliable with small timeframes and can produce runtime errors with certain low-timeframe combinations (PulseWire limitation).
Exhaustion calculations are limited to recent bars for performance.
Label overlap at similar price levels is a PulseWire rendering limitation.
OPEN SOURCE
The complete source is published under the Mozilla Public License 2.0, together with the engineering documentation (the no-repaint contract, the multi-timeframe correctness rules), a full changelog, and a settings reference. The repository and setup-guide links are in my signature and on my profile. This publication open-sources my earlier invite-only listing of the same name; that listing stays up for its existing users, and updates continue here.
Trading involves risk. This is a charting tool, not financial advice. Past performance does not guarantee future results. Indicator
Multi-Timeframe Candles HistogramsAt some community members' requests, I have built on the original code to make it a single indicator with the option for users to check off which timeframes they want to be shown. Choices are 1-hour, daily, weekly, and monthly.
I couldn't figure out how to separate each timeframe into its own histogram, so this is the best I can offer at the moment. If any community member wants to take a crack at it, be my guest.
Colors are customizable.
If you have a paid TW account, you can lay it down twice and put the hour and daily on one and the weekly and monthly on the other.
That said, I hope you enjoy this version of this indicator.
R.I.P. Rob Smith, creator of TheStrat.
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Key Features and Benefits
1. Custom Timeframe Selection:
- Choose from an array of timeframes ranging from minutes to months, giving you complete flexibility in your market analysis.
- Quickly switch between different timeframes (e.g., 1-hour, daily, or weekly) to track continuity across varying levels.
2. Visual Representation of High/Low Markers:
- Enable or disable the display of high and low points to better understand price ranges and reversals.
- These markers allow you to spot key turning points on different timeframes, facilitating better entry or exit decisions.
3. Enhanced Candle Visualization:
- Displays candles with precise price levels aligned to your chosen timeframe, giving a clearer view of price trends.
- Candles are color-coded to reflect price movement, which is customizable by the user.
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How to Use This Indicator
Monitor Multiple Timeframes Simultaneously:
- Place the indicator on your chart and choose the timeframes you want to follow (e.g., hourly, daily, weekly, monthly).
- For each instance, checkmark the desired timeframes in the menu to ensure that you’re tracking the right period.
Achieve Timeframe Continuity:
- By aligning lower timeframes with higher ones, this tool helps you confirm trends, detect reversals, and avoid trades that go against the broader market movement.
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Why This Indicator is Valuable for Traders
This tool simplifies a core principle of TheStrat—full timeframe continuity—by visually representing price action across multiple timeframes in a clear and actionable way. It removes the guesswork and helps traders stay in sync with market momentum, regardless of the timeframe they are analyzing.
This solution offers flexibility, clarity, and speed, enabling traders to quickly grasp critical movements and improve decision-making. Whether you are a scalper focusing on intraday moves or a swing trader watching weekly trends, this tool empowers you to maintain alignment with the overall market structure.
In essence, it brings the power of TheStrat to your fingertips by offering precise and easy-to-read visual aids, allowing you to seamlessly apply Rob Smith’s philosophy to your trading. Indicator
Dynamic Open Levels# Dynamic Open Levels Indicator v1.0
Release Date: November 5, 2024
Introducing the Dynamic Open Levels indicator on PulseWire! This tool helps traders visualize and analyze key opening price levels across multiple timeframes, making your market analysis more effective.
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### Key Features
- Multiple Timeframes : Yearly, Quarterly, Monthly, Weekly, Daily, 4H, and 1H levels available.
- Visibility Controls : Easily toggle visibility for each timeframe to suit your trading style.
- Line Customization : Set custom thickness and colors for lines, making charts easy to interpret.
- Monthly: Purple
- Weekly: Blue
- Daily: Green
- 4H: Red
- 1H: Orange
- Dynamic Coloring : Lines adjust color based on market conditions—teal for bullish (`rgb(34, 171, 148)`) and coral for bearish (`rgb(247, 82, 95)`).
### Labels & Customization
- Real-Time Labels : Each level is labeled for easy identification (e.g., Y for Yearly, Q for Quarterly).
- Label Settings : Customize opacity, text color, size, and position for clarity without cluttering your chart.
- Sizes : Choose from tiny, small, normal, large, to huge.
- Offset : Set labels from 1 to 10 to position them precisely.
- Color Management : Organize all colors under a dedicated Line Colors group for easy adjustments.
### Advanced Plotting & Performance
- Real-Time Updates : Levels are updated dynamically with the latest open prices.
- Extended Lines : Lines extend to the right, offering a consistent reference for future price movement.
- Optimized Performance : Handles up to 500 lines efficiently to maintain smooth performance.
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### Installation Instructions
1. Add to Chart :
- Go to the Indicators section in PulseWire.
- Search for Dynamic Open Levels and add it to your chart.
2. Customize Settings :
- Line Thickness : Adjust to suit your preference.
- Visibility : Toggle timeframes like Yearly, Monthly, Weekly, etc., as needed.
- Labels : Configure opacity, text color, size, and offset under the Label Settings group.
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### Documentation & Support
For guidance on using the Dynamic Open Levels indicator, visit our Documentation (#). If you need assistance, check out our Support Channel (#).
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Thank you for choosing Dynamic Open Levels . Stay tuned for future updates that will continue to improve your trading experience!
H A Z E D
Indicator
The Strat with TFC & Combo DashIntroduction:
This indicator is designed to implement "The Strat" trading strategy combined with a Timeframe Continuity Dashboard and Combo Dashboard. The Strat is a robust trading methodology that relies on price action and candlestick formations to make trading decisions. This script helps traders to identify specific bar types such as Inside Bars (1), Continuation Up Bars (2u), Continuation Down Bars (2d), and Outside Bars (3) across multiple timeframes. It visually highlights these bar types on the chart and provides a comprehensive dashboard displaying the current state of the selected timeframes.
Key Features:
Timeframe Continuity Dashboard: Displays arrows and bar types for up to four selected timeframes.
Strat Combos Dashboard: Shows the previous and current bar types to easily spot trading setups.
Customizable Colors and Labels: Options to personalize the colors and labels for Inside and Outside bars.
Adjustable Dashboard Position and Size: Allows users to set the location and size of the dashboard for better visual alignment.
Inputs:
TFC & Combo Dash Configuration:
Show TFC & Combo Dashboard: Toggle to display the dashboard.
Show Strat Combos: Toggle to display Strat combo setups.
Location: Dropdown to select the position of the dashboard on the chart.
Size: Dropdown to choose between desktop and mobile view.
Timeframe Selection:
Timeframe 1: Primary timeframe for analysis.
Timeframe 2: Secondary timeframe for analysis.
Timeframe 3: Tertiary timeframe for analysis.
Timeframe 4: Quaternary timeframe for analysis.
Candle Visuals:
Show Inside Bar Label: Option to show label instead of color for Inside bars.
Inside Bar Color: Color picker for Inside bars.
Show Outside Bar Label: Option to show label instead of color for Outside bars.
Outside Bar Color: Color picker for Outside bars.
TFC & Combo DashboardFunctions:
The script fetches values for the selected timeframes and computes the bar types and corresponding visual elements such as arrows and background colors. The dashboard displays this information in a tabular format for easy reference during trading.
The dashboard is dynamically created based on user input for position and size. It shows the selected timeframes, bar types, and combo setups, providing a quick overview of the market conditions across multiple timeframes.
Timeframes: Displays the four user chosen timeframes that the dashboard fetches data from.
Arrow and Color: Functions to set the arrow direction and color based on current bar action. Green and up arrow: price is above it's candle open.
Red and down arrow: price is below it's candles open.
Background Color: Functions to set background color based on the bar type. White for an outside bar(3), yellow for an inside bar(1), no color for a continuation bar(2).
Strat Candle Combos: Functions to determine if the bar is an Inside(1), Continuation Up(2u), Continuation Down(2d), or Outside bar(3). Shows the previous bar and the current bar for the user's chosen timeframes.
Candle Visuals:
The script plots labels and colors for Inside and Outside bars based on user preferences. It helps in quickly identifying potential trading setups on the chart.
Conclusion:
We believe in providing user-friendly tools to help speed up traders technical analysis and implement easy trading strategies. The Strat with TFC & Combo Dashboard is a tool to assist traders in identifying potential trading setups based on The Strat methodology; to suit the users needs and trading style.
RISK DISCLAIMER
All content, tools, scripts & education provided by Gorb Algo LLC are for informational & educational purposes only. Trading is risk and most lose their money, past performance does not guarantee future results.
Indicator
Timeframe Continuity Oscillator [TFO]This indicator is used to visualize timeframe continuity - a core concept of "The Strat" - along with some added logic for potential range limiters.
When discussing timeframe continuity, typically we are evaluating several timeframes to see if price is trading above or below the current open of each respective timeframe. If we are concerned with the 15m, 4h, and 1D for example, and price is trading above the current open of each of those timeframes, we can say that we have full timeframe continuity (FTFC) up. Conversely, if price is trading below the current open of each of those timeframes, we can say that we have FTFC down.
We can visualize this with an oscillator of sorts, where the zero line is anchored to the open price of the highest timeframe that we're concerned with. Using the prior example, this would be the 1D timeframe. As long as price is above the current 1D open, it is impossible to have FTFC down; and as long as price is below the current 1D open, it is impossible to have FTFC up. This is why we base the oscillator's values off of the highest timeframe's open (the values are simply how far price has traded from this open) - any value greater than zero tells us that there is potential to have FTFC up, and any value less than zero tells us that there is potential to have FTFC down.
There are a few ways we chose to visualize this data. First, we can choose the "Binary" option which simply uses one solid bullish color above the zero line, and one solid bearish color below the zero line.
Second, we can choose the "Gradient" option to help describe whether we have FTFC up or down. Values above the zero line will be a mix of the bullish color and mid color, where the mid color indicates no timeframe continuity up and the bullish color indicates FTFC up - sort of like a color spectrum of timeframe continuity to describe how many timeframes are in agreement. Similarly, values below the zero line will be a mix of the bearish color and the mid color, where the mid color again indicates no timeframe continuity down and the bearish color indicates FTFC down.
Lastly, we can choose the "FTFC Only" option which will only color the histogram bars as bullish if there is FTFC up, or bearish if there is FTFC down.
One more feature that we added is these upper and lower bands that aim to help describe the potential upper and lower limits that price may travel, relative to the highest timeframe's open. This is done by taking the standard deviation of some defined lookback period, for example, 2 standard deviations of the previous 10 weeks, assuming 1W is the highest timeframe enabled.
The concept is similar to that of an ADR (average daily range) as it can be used to estimate maximum range extensions for the largest timeframe. The arrows you see are plotted once the value exceeds either band - alerts can be enabled for these events as well through any alert() function call. Indicator
Strat Dashboard [TFO]The Strat Dashboard tracks up to 10 signals while highlighting common strat reversal patterns, the SSS 50% rule, timeframe continuity, and some additional criteria with VWAP and moving averages.
With the strat, all price action bars/candles are simplified into 3 total possibilities: 1 (inside bar), 2 (a bar that takes the previous bar's high OR low), and 3 (outside bar). The first table column for Last X Candles shows the most recent candles according to this notation, for example, 1 - 2D - 2U. This would mean we had an inside bar, followed by a bar that took the previous bar's low, followed then by a bar that took the previous bar's high. Note that the colors in this column are set according to whether the current bar's close exceeds the previous bar's high/low. By default, these colors are green if above the previous bar's highs, or red if below the previous bar's lows. If the current close is in between the previous candle's high and low (even after already taking the prior high or low), no color will be applied.
The SSS 50% column shows a yes or no value for whether the current bar aligns with the SSS 50% rule, where a bar has taken either the previous high or low, and has since reversed to at least the midway point of the previous bar's height - essentially anticipating a 2 that may become a 3 (outside bar).
Timeframe continuity (TFC) shows a yes or no value for when the current candle on multiple timeframes are all green or red (above the open price or below the open price, respectively). For example, if you were looking at the current 15m, 1h, and 1D bars, and they were all above the open price, you could say there's TFC between all three timeframes. As of the initial release, you can select up to 3 different timeframes. The table values will only be true when all selected timeframes are in alignment. When setting alerts, first deselect the timeframes if you don't want TFC logic to impact alerts.
The "Last" column shows the last strat reversal pattern that was confirmed (after the last bar closes). Waiting for a candle close is the safer option since a 2 can turn into a 3; however for higher timeframes, it may be beneficial to make an update to this indicator in which you can have live alerts as well (not waiting for a candle close). You can select which strat reversals you want to be shown from the settings. Various strat reversals may be selected for alerts of type "Any"; for example, if setting up an alert for "Any" strat reversal on Symbol 1, then this alert will go off when any of the *selected* strat reversals occur for that specific symbol. Deselect any strat reversals that you don't want to be included in these alerts.
Lastly, the EMA and VWAP columns simply show whether price is above or below said value. This tracks the current candle close, and may repaint/change several times if the current bar is oscillating above and below these values. Indicator
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