OPEN-SOURCE SCRIPT
HOKO,PSP
HOKO is a multifunctional chart-overlay designed to display clean market context and detect PSP (Price-Structure Projection) signals based on candle-body direction differences between the main symbol and two reference indices.
The indicator provides two core features:
1. Header Display (Symbol / Timeframe / Date / Mode System)
HOKO allows full customization of on-chart informational headers, including:
Symbol name
Timeframe (auto-formatted)
Indicator name (HOKO)
Date (Pretty or Numeric)
Multiple layout modes (6 total)
Adjustable text size, alignment, padding, row spacing, and screen position
Dynamic rendering using table objects
This creates a clean and professional display suitable for screenshots, analysis, and multi-chart layouts.
2. PSP Logic (Price Structure Projection)
The PSP engine compares the main chart’s candle direction to two reference symbols (default: ES1! and YM1!).
A violation occurs when the main candle is bullish while the reference candle is bearish, or vice-versa.
The script:
Calculates ATR-based dynamic marker offsets
Stores the last 3 bars
Detects Swing High PSP and Swing Low PSP based on a 3-candle swing structure
Confirms signals only if the middle candle contains a violation
Draws markers above/below the swing point with fully customizable shapes, colors, and sizes
Supports two symbols independently (Symbol 1 / Symbol 2)
Automatically deletes old labels based on a user-defined max-bar limit
This makes PSP easy to visualize and helps identify inflection points where internal weakness or strength appears before price shifts.
Key Features
Clean customizable chart header
Pretty or numeric date formats
Multiple layout modes (vertical or one-line display)
PSP detection from ES/YM divergence logic
Swing-based confirmation for higher-quality signals
Dynamic ATR offset for accurate visual spacing
Lightweight and optimized with automatic cleanup
Works on any market and any timeframe
Purpose
HOKO helps traders quickly understand market context while highlighting potential turning points caused by structural divergence between major indices. It is ideal for intraday traders using ICT-style logic, smart money concepts, or divergence-based confirmation models.
The indicator provides two core features:
1. Header Display (Symbol / Timeframe / Date / Mode System)
HOKO allows full customization of on-chart informational headers, including:
Symbol name
Timeframe (auto-formatted)
Indicator name (HOKO)
Date (Pretty or Numeric)
Multiple layout modes (6 total)
Adjustable text size, alignment, padding, row spacing, and screen position
Dynamic rendering using table objects
This creates a clean and professional display suitable for screenshots, analysis, and multi-chart layouts.
2. PSP Logic (Price Structure Projection)
The PSP engine compares the main chart’s candle direction to two reference symbols (default: ES1! and YM1!).
A violation occurs when the main candle is bullish while the reference candle is bearish, or vice-versa.
The script:
Calculates ATR-based dynamic marker offsets
Stores the last 3 bars
Detects Swing High PSP and Swing Low PSP based on a 3-candle swing structure
Confirms signals only if the middle candle contains a violation
Draws markers above/below the swing point with fully customizable shapes, colors, and sizes
Supports two symbols independently (Symbol 1 / Symbol 2)
Automatically deletes old labels based on a user-defined max-bar limit
This makes PSP easy to visualize and helps identify inflection points where internal weakness or strength appears before price shifts.
Key Features
Clean customizable chart header
Pretty or numeric date formats
Multiple layout modes (vertical or one-line display)
PSP detection from ES/YM divergence logic
Swing-based confirmation for higher-quality signals
Dynamic ATR offset for accurate visual spacing
Lightweight and optimized with automatic cleanup
Works on any market and any timeframe
Purpose
HOKO helps traders quickly understand market context while highlighting potential turning points caused by structural divergence between major indices. It is ideal for intraday traders using ICT-style logic, smart money concepts, or divergence-based confirmation models.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.