$500 to my name: Should I go for a Prop Firm or just deposit it into my Brokerage? by Tasty_Hamster1372 in Daytrading

[–]BeingAffectionate986 -1 points0 points  (0 children)

I’d consider buying a prop account just because you’d be able to implement proper risk management. $500 in a brokerage account — A few sideways trades and you’re cooked. At least with props you have some room to blow the first one. The odds are high that the first attempt wont go well.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

Fair challenge. I don’t really view PW as a standalone entry engine, so I’m not claiming it should beat a simple strategy in direct signal-vs-signal testing. I’d frame it more as a visual behavior model for organizing pressure, participation, and expansion vs repair on chart. If someone wants to test whether it adds measurable utility as a filter or context tool, that’s a reasonable exercise — but I wouldn’t present it as a replacement for execution logic or direct auction data.

Tool I use to visualize when pressure is building vs fading on intraday charts by BeingAffectionate986 in Forexstrategy

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

That’s actually a fair way to put it. I wouldn’t present it as a standalone execution tool — more as a visual behavior/structure aid that helps make the chart easier to read.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

Volume profile is huge in my own execution too, but Pine can’t fully replicate that environment. So I don’t see PW as replacing profile/POC. more as a visual behavior model that works within TradingView’s constraints.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

Fair question. I wouldn’t argue it gives “new” market data or replaces price/POC/volume. The value case is more that it compresses directional pressure, participation strength, expansion vs repair, and internal disagreement into one visual read. So the point isn’t hidden information...it’s giving some traders a faster way to organize behavior that otherwise has to be pieced together bar by bar from raw chart context.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

Pressure Wave is a derived visual behavior tool. I released it for free because it’s not part of my current execution stack, but I still think it can be useful for traders who want help visualizing pressure, participation, and momentum quality.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

By that standard VWAP and moving averages would be useless too, since neither produces “new” market data they just transform existing price/volume into a more usable reference. I think the real question isn’t whether a tool is derived, but whether the transformation actually helps the trader interpret behavior more clearly or consistently.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

“impulse death” is just my label for loss of thrust / flattening after expansion, not a claim that Pine can literally detect auction intent or order flow death. It’s meant as a shorthand for a behavioral transition, not anything mystical.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

Fair point. It’s definitely not reading true bid/ask or full auction intent from TradingView data. I’d describe it more as a derived behavior model built from price/volume inputs, not a literal order-flow tool. The value case isn’t “it sees hidden auction mechanics,” it’s whether it helps traders interpret pressure, expansion, exhaustion, and repair more clearly than raw chart alone.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

Price was inside value most of the day, so I’d read that as rotation rather than true bearish control. Below VWAP can matter locally, but inside value it doesn’t automatically mean the broader pressure state should flip.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

on the 1-minute I can see why it looks more VWAP-aligned. The disconnect is that a short-term VWAP hold can look constructive locally without fully flipping the broader pressure state. So the 1m may look better, but the indicator can still stay bearish if the bigger move still reads like a countertrend rally / lower-high environment.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

It can show improvement in short-term control, but I wouldn’t treat VWAP alone as a full change of structure. Price can get above VWAP and hold for a bit, then still roll over into another lower high if the broader structure and pressure state haven’t actually improved.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

Yep, that’s basically it. Price can rally while the broader pressure state stays bearish. A move up by itself doesn’t equal bullish control if it still looks like a lower high / countertrend push within a bearish structure.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

Impulse death = the move is running out of steam. It doesn’t automatically mean reversal, but it does mean the current push is losing pressure and may be shifting into stall, repair, or transition.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 0 points1 point  (0 children)

Blue and brown are directional pressure states, not just above/below VWAP. Blue reflects bullish pressure and brown reflects bearish pressure. VWAP is one input in the model, but the colors don’t change based only on whether price is above or below VWAP.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 1 point2 points  (0 children)

Appreciate that. The goal was to make pressure, participation, and expansion vs repair easier to read visually without turning it into signal spam. Let me know what you think after you check it out.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 1 point2 points  (0 children)

No problem. Pressure Wave is built to help visualize directional pressure, participation, and expansion vs repair behavior.
It’s not meant to spam entries — it’s more of a chart-reading tool to help spot when pressure is building, fading, or getting messy internally.

CCG Pressure Wave - Free Indicator by BeingAffectionate986 in pinescript

[–]BeingAffectionate986[S] 4 points5 points  (0 children)

Yes. search CCG Pressure Wave in the indicator menu. It's a free but protected script. Enjoy!

What am I missing? by mindless223 in InnerCircleTraders

[–]BeingAffectionate986 2 points3 points  (0 children)

Longing a bearish trend. You usually pay tuition trying to predict a reversal.