Forex Renko Leaderboard

il y a 8 heures

Forex Warlord: Kinetic Velocity Leaderboard

This indicator is a specialized dashboard designed to rank the 7 Major Forex pairs based on their real-time "Kinetic Velocity" and acceleration. Unlike standard strength meters that measure relative price change, the Warlord Engine calculates exactly how fast a pair is generating net profits per second, accounting for the "Physics" of the market: drag (spread costs) and inertia (lag).

It is designed specifically for momentum traders who need to know not just which pair is moving, but which pair is moving fast enough to overcome the cost of the spread and generate immediate net return.

HOW IT WORKS
The script runs a "Virtual Renko" simulation on your time-based chart (works best on 1-second or 1-minute timeframes). It tracks price movement in "Bricks" and calculates a standardized "Score" for each pair.

The Score represents "Net Pips per Second."
-- A positive score (> 0.00) means the price is moving fast enough to clear the spread and generate profit.
-- A negative score (< 0.00) means the price is moving too slowly, and the spread cost is eating the volatility.

The system then applies a "Smart Decay" penalty. If a pair is moving fast but starting to decelerate (slowing down), its score is penalized to prevent you from buying the top.

HOW TO USE IT

1. Attach the indicator to any chart (EURUSD, 1-Second or 1-Minute recommended for high-speed scalping).
2. Look at the Dashboard on the right side of the screen.
3. Identify the Rank #1 Pair. This is the currency currently moving with the highest velocity.
4. Check the "Action" Column:
-- TRADE (Green): The pair is Rank #1 AND its velocity is high enough to be profitable.
-- NO TRADE (Red): The pair is moving too slowly, or the spread cost is too high relative to the move.
-- SPREAD > MAX (Red): The calculated move does not clear your specified "Max Broker Cost."
-- NO TRADE (ZONE) (Red): The market is in the "Dead Zone" (typically 17:00-18:00 EST), where spreads widen and liquidity vanishes.
5. Check the "State" Icon:
-- Rocket: The pair is accelerating. This is the ideal entry signal.
-- Warning: The pair is decelerating. Caution is advised as momentum is fading.

ALERTS
The indicator features a built-in alert system. You can create an alert in TradingView to notify you specifically when the "Renko Leaderboard Ranking" changes. This allows you to wait for the market to tell you which pair is taking the lead without staring at the screen.

INPUTS & SETTINGS
-- Renko Brick Size (Pips): The most critical tuning knob. Determines the sensitivity of the engine. Smaller bricks (e.g., 2-3 pips) make it hyper-sensitive for scalping. Larger bricks (e.g., 10 pips) tune it for swing trends. Changing this instantly recalculates the entire board.
-- Max Broker Cost (Pips): Your "Hurdle Rate." If a pair's projected profit does not clear this cost (default 1.0 pip), the dashboard will forbid the trade.
-- Dead Zone Start/End (Hour): Hard-coded risk management. By default, it blocks all signals between 17:00 and 18:00 EST (New York Close) to protect you from high-spread rollover hours.
-- HMA Time Dilation: A smoothing factor to prevent noise on 1-second charts.

DISCLAIMER
This tool is for informational purposes only. It measures past velocity to rank current momentum. Past performance is not indicative of future results. Always verify the actual bid/ask spread on your broker before executing, as the script uses a fixed spread calculation.

il y a 2 heures

Notes de version

Forex Warlord: Kinetic Velocity Leaderboard

This indicator is a specialized kinetic engine designed to rank the 7 Major Forex pairs based on their real-time "Profit Velocity." Unlike standard strength meters that measure relative price change or RSI, the Warlord Engine calculates exactly how fast a pair is generating net profits per second, accounting for the physics of the market: drag (spread costs) and inertia (lag).

It is designed specifically for momentum traders and scalpers who need to know not just which pair is moving, but which pair is moving fast enough to overcome the cost of the spread and generate immediate net return.

HOW IT WORKS
The script runs a "Virtual Renko" simulation on your time-based chart (works best on 1-second to 1-minute timeframes). It tracks price movement in "Bricks" and calculates a standardized "Score" for each pair.

The Score represents "Net Pips per Second."
-- A positive score (> 0.00) means the price is moving fast enough to clear the spread and generate profit.
-- A negative score (< 0.00) means the price is moving too slowly, and the spread cost is eating the volatility.

The system then applies a "Smart Sort" algorithm. It automatically detects if the #1 ranked pair is "Stale" (old trend) or decelerating. If the #2 pair is "Fresh" (new trend) and accelerating, the script will strategically swap them, placing the better entry at Rank #1.

HOW TO USE IT

1. Attach the indicator to any chart (EURUSD is fine).
2. Look at the Dashboard. The only pairs that matter are Rank #1 and Rank #2.
3. Check the "Action" Column:
-- TRADE (Green): The pair is generating profit faster than the spread cost.
-- NO TRADE (Red): The pair is too slow, too expensive, or in the "Dead Zone."
4. Check the "Age" Column:
-- Green (Fire Icon): The trend is Fresh. This is a prime entry.
-- Red (Skull Icon): The trend is Stale/Old. Risk of reversal is high.
5. Check the "State" Icon:
-- Rocket: The pair is accelerating.
-- Warning: The pair is decelerating.

VISUAL CUES
-- Yellow Rank Background: This pair is the raw leader with the highest velocity score.
-- Blue Rank Background: This pair has been "Promoted" by the Smart Sort logic. It may have a slightly lower score than the raw leader, but it is strategically superior because it is fresher and accelerating.

INPUTS & SETTINGS
-- Renko Brick Size (Pips): The most critical tuning knob. Determines the sensitivity of the engine. Smaller bricks (e.g., 2-5 pips) make it hyper-sensitive for scalping. Larger bricks (e.g., 10+ pips) tune it for swing trends. Changing this instantly recalibrates the definition of "Fresh" vs "Stale."
-- Max Broker Cost (Pips): Your "Hurdle Rate." If a pair's projected profit does not clear this cost (default 1.0 pip), the dashboard will forbid the trade.
-- Alert Stability (Seconds): The Hysteresis filter. A new leader must hold the Rank #1 spot for this many seconds before the script triggers an alert. This prevents false alarms during high-volatility jitter.
-- Dead Zone Start/End (Hour): Hard-coded risk management. Defines the hours (server time) where trading is forbidden, typically used to avoid high-spread rollover periods (e.g., 17:00-18:00 New York time).
-- Visuals: Options to move the table to any corner of the screen and adjust text size.

ALERTS
The indicator features a "True Stability" alert system. You can create a single alert on TradingView that will notify you only when a pair has successfully taken the Rank #1 spot AND held it for your specified stability duration.

DISCLAIMER
This tool is for informational purposes only. It ranks current momentum based on past velocity. Past performance is not indicative of future results. Always verify the actual bid/ask spread on your broker before executing, as the script uses a fixed spread calculation.

il y a 1 heure

Notes de version

Updated Ranking logic