OPEN-SOURCE SCRIPT
Confluence Execution Engine (2of3)
The Confluence Execution Engine is a high-performance logic gate designed to filter out market noise and identify high-probability "Golden" entries. It moves beyond simple indicator signals by acting as a mathematical validator for price action. This engine is designed for the Systematic Trader. It removes the "guesswork" of whether a move is real or an exhaustion pump by requiring a mathematical confluence of volume, multi-timeframe momentum, and volatility-adjusted space.
Why This Tool is Unique:
Multi-Dimensional Scoring, Momentum-Adjusted Stretch, Institutional Fingerprint (RVOL + Spike)
Unlike a standard MACD or RSI, this engine uses a weighted scoring matrix. It pulls a "Bundle" of data (WaveTrend, RSI, ROC) from four different timeframes simultaneously. It doesn't give a signal unless the mathematical weight of all four timeframes crosses your "Hurdle" (Base Threshold).
Standard "overbought" indicators are often wrong during strong trends. This engine uses Dynamic Z-Score logic. The Logic: If the price moves away from the mean, it checks the Rate of Change (ROC). The Result: If momentum is massive, the "Stretch" limit expands. It understands that a "stretched" price is actually a sign of strength in a breakout, not a reason to exit. It only warns of a TRAP RISK when the price is far from the mean but momentum is starting to stall.
The engine is gated by Relative Volume. If the market is "sleepy," the engine stays in "PATIENCE" mode. It specifically hunts for Volume Spikes (default 2.5x average). A signal is only upgraded to "HIGH CONVICTION" when an institutional volume spike occurs, confirming that "Big Money" is participating.
How to Operate the Engine
Define Your Hurdle: Set your Confluence Hurdle. A higher number (e.g., 14+) requires more agreement across timeframes, leading to fewer but higher-quality trades.
Monitor the Z/Dynamic Ratio: In the HUD, watch the Z: X.XX / Y.YY. When X approaches Y, you are reaching the edge of the momentum-adjusted move.
The Entry Trigger: Wait for a "LOOK FOR..." advice to turn into a "HIGH CONVICTION" signal (marked by a triangle shape). This confirms that the MTF scoring, Volume, and HTF Trend are all aligned.
Execute the Lines: Use the red and green "Ghost Lines" to set your orders. These are ATR-based, meaning they widen during high volatility to give your trade room to breathe.
For holistic trading system, pair with Volatility Shield Pro and Session Levels
Why This Tool is Unique:
Multi-Dimensional Scoring, Momentum-Adjusted Stretch, Institutional Fingerprint (RVOL + Spike)
Unlike a standard MACD or RSI, this engine uses a weighted scoring matrix. It pulls a "Bundle" of data (WaveTrend, RSI, ROC) from four different timeframes simultaneously. It doesn't give a signal unless the mathematical weight of all four timeframes crosses your "Hurdle" (Base Threshold).
Standard "overbought" indicators are often wrong during strong trends. This engine uses Dynamic Z-Score logic. The Logic: If the price moves away from the mean, it checks the Rate of Change (ROC). The Result: If momentum is massive, the "Stretch" limit expands. It understands that a "stretched" price is actually a sign of strength in a breakout, not a reason to exit. It only warns of a TRAP RISK when the price is far from the mean but momentum is starting to stall.
The engine is gated by Relative Volume. If the market is "sleepy," the engine stays in "PATIENCE" mode. It specifically hunts for Volume Spikes (default 2.5x average). A signal is only upgraded to "HIGH CONVICTION" when an institutional volume spike occurs, confirming that "Big Money" is participating.
How to Operate the Engine
Define Your Hurdle: Set your Confluence Hurdle. A higher number (e.g., 14+) requires more agreement across timeframes, leading to fewer but higher-quality trades.
Monitor the Z/Dynamic Ratio: In the HUD, watch the Z: X.XX / Y.YY. When X approaches Y, you are reaching the edge of the momentum-adjusted move.
The Entry Trigger: Wait for a "LOOK FOR..." advice to turn into a "HIGH CONVICTION" signal (marked by a triangle shape). This confirms that the MTF scoring, Volume, and HTF Trend are all aligned.
Execute the Lines: Use the red and green "Ghost Lines" to set your orders. These are ATR-based, meaning they widen during high volatility to give your trade room to breathe.
For holistic trading system, pair with Volatility Shield Pro and Session Levels
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.