WaveForce SR
- Indicators
-
Murilo Pereira Vieira
About me:
I trade Forex and Futures-B3 contracts (WIN, WDO) and currency pairs—across multiple brokers and account types. I'm not a programmer trying to sell trading products; I'm a trader who learned to code because the tools I needed didn't exist.
What I build: - Version: 2.0
Overview
WaveForce SR is a trend-following color candle indicator that measures the real directional strength of the market by combining ZigZag wave analysis, ADX/DI momentum and RSI weighting into a unified Bull and Bear Power score.
Candles are colored green when bulls are dominant, red when bears are in control, and gray when the market is in a weak or indecisive state. No color is painted unless all three conditions are met simultaneously — strength, persistence and trend confirmation — making every colored candle a high-quality signal.
Candle Color Logic
A candle is colored green when ALL of the following are true:
- Bull Power > Bear Power
- No Bull/Bear crossover in the last N bars
- Delta Power ≥ minimum threshold
- SAL slope ≥ minimum slope (confirmed uptrend)
A candle is colored red when the same conditions are met on the bear side.
Otherwise the candle is gray (no clear directional bias).
PS: The inputs are set for EURUSD H1. For a new calibration, "I suggest first setting 'Minimum slope to confirm trend' to 0.0 and increasing it gradually, then testing the other inputs.