OPEN-SOURCE SCRIPT
White Core Trend [wjdtks255]
■ Technical Methodology
The White Core Trend is a high-fidelity trend-following engine designed to provide institutional-grade market bias. It utilizes a deep-period Hull Moving Average (HMA) to effectively filter out market noise and "whipsaws" that often plague standard moving averages.
■ Execution Logic: Confirmed Price Action
The engine triggers execution signals only when a confirmed candle close occurs above or below the White Core Line. This ensures that the trader capitalizes on decisive momentum shifts rather than entering on premature price spikes.
■ Key Functional Features
The Core Anchor: A ultra-smooth trend backbone that acts as the primary threshold for bullish or bearish regimes.
Directional Shape Markers: Precise Green (Up) and Red (Down) triangles identify the exact candle where a trend shift is validated.
Dynamic Entry Anchor: A visual reference line (Box Logic) is plotted at the entry price level to help traders manage their initial position setups effectively.
■ Operational Guide
Bullish Regime: Indicated by a Green triangle as price breaks above the core line.
Bearish Regime: Indicated by a Red triangle as price breaks below the core line.
The White Core Trend is a high-fidelity trend-following engine designed to provide institutional-grade market bias. It utilizes a deep-period Hull Moving Average (HMA) to effectively filter out market noise and "whipsaws" that often plague standard moving averages.
■ Execution Logic: Confirmed Price Action
The engine triggers execution signals only when a confirmed candle close occurs above or below the White Core Line. This ensures that the trader capitalizes on decisive momentum shifts rather than entering on premature price spikes.
■ Key Functional Features
The Core Anchor: A ultra-smooth trend backbone that acts as the primary threshold for bullish or bearish regimes.
Directional Shape Markers: Precise Green (Up) and Red (Down) triangles identify the exact candle where a trend shift is validated.
Dynamic Entry Anchor: A visual reference line (Box Logic) is plotted at the entry price level to help traders manage their initial position setups effectively.
■ Operational Guide
Bullish Regime: Indicated by a Green triangle as price breaks above the core line.
Bearish Regime: Indicated by a Red triangle as price breaks below the core line.
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.