OPEN-SOURCE SCRIPT
PrimeWave AI [AuraNex]
PrimeWave AI [AuraNex] is an advanced adaptive trading indicator built around the core principles of Ichimoku Cloud analysis, enhanced with intelligent filtering and trade management systems. Unlike traditional fixed-parameter Ichimoku indicators, it dynamically adjusts key periods based on market volatility using an adaptive ATR-driven engine, allowing faster reactions during volatile conditions and smoother behavior in quiet markets.
The indicator combines multiple market factors including price position relative to the cloud, Tenkan–Kijun relationships, Chikou confirmation, cloud structure, volume activity, and a custom Momentum Pulse Engine to measure trend strength and acceleration. These factors are processed through a Confluence Scoring Engine that assigns a score from 0–100, helping identify higher-probability trading opportunities and filter weaker setups.
PrimeWave AI also includes a Kumo Breakout system for detecting cloud breakouts and retests, along with a Smart TP/SL engine that automatically calculates stop-loss and multiple take-profit levels using cloud boundaries, Kijun levels, or ATR-based methods.
Additional features include multi-timeframe trend alignment, automatic support/resistance zone detection, visual dashboards, customizable signal labels, and webhook-ready alerts, creating a complete trading framework for trend identification, signal confirmation, and risk management.
The indicator combines multiple market factors including price position relative to the cloud, Tenkan–Kijun relationships, Chikou confirmation, cloud structure, volume activity, and a custom Momentum Pulse Engine to measure trend strength and acceleration. These factors are processed through a Confluence Scoring Engine that assigns a score from 0–100, helping identify higher-probability trading opportunities and filter weaker setups.
PrimeWave AI also includes a Kumo Breakout system for detecting cloud breakouts and retests, along with a Smart TP/SL engine that automatically calculates stop-loss and multiple take-profit levels using cloud boundaries, Kijun levels, or ATR-based methods.
Additional features include multi-timeframe trend alignment, automatic support/resistance zone detection, visual dashboards, customizable signal labels, and webhook-ready alerts, creating a complete trading framework for trend identification, signal confirmation, and risk management.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.