Lighthouse Beacon Oscillator [forexobroker]
Lighthouse Beacon Oscillator detects multi-scale pivot confluence: when the most recent fast, medium, and slow pivot highs all cluster within an ATR-scaled zone (or the same for pivot lows), the market has built a strong beacon level across three time scales. Breaks away from that level are the signal.
Built for traders who want support/resistance confirmed at multiple pivot granularities rather than just one.
🔶 CONCEPTS
A pivot at one length could be noise; pivots at three lengths landing on the same price are not. Fast pivots capture intraday swings, medium pivots capture session structure, and slow pivots capture trend turning points. When the latest of each cluster within one ATR-scaled zone, that price has been confirmed as a major structural level by three independent timescales at once. A break of that beacon level, therefore, is meaningful because the level mattered at multiple horizons simultaneously. This is stronger evidence than a break of any single pivot.
🔶 HOW IT WORKS
- Detects pivot highs and lows at three different L/R lengths (fast, medium, slow)
- Tracks the most recent pivot of each type
- Computes the spread between the three most recent pivot highs (and separately pivot lows) in ATR units
- Declares "high confluence" when all three pivot highs fit within the Beacon Confluence Zone (ATR)
- Declares "low confluence" when all three pivot lows fit within the same zone
- Averages the three pivots when confluent to form the beacon level
- Detects breaks when close clears the beacon by the Break Margin
- Combines confluence tightness, break event, and bias-EMA slope into a 0-100 Beacon Score
- Classifies state as DARK, FORMING, GLOWING, or LIT
🔶 HOW TO USE
1. Add the indicator -- green line shows low beacon, pink line shows high beacon when confluences exist
2. Watch the dashboard (top-right) for live beacon prices, pivot spreads in ATR, and break state
3. Green BUY triangles with "BEACON ↑" label fire on bullish beacon breaks; pink SELL triangles on bearish
4. The Bias EMA plotted with glow gates breaks to macro direction
5. Narrow the Beacon Confluence Zone to require tighter clustering for more conviction
🔶 FEATURES
- Non-repainting signals (barstate.isconfirmed)
- Works on all timeframes and instruments
- 9 alert conditions with JSON webhook support
- Three-scale pivot confluence detection
- ATR-scaled zone so confluence tolerance is instrument-appropriate
🔶 SETTINGS GUIDE
- Fast / Mid / Slow Pivot L/R -- Three different pivot lengths used for confluence
- Beacon Confluence Zone (ATR) -- Max ATR-scaled spread between the three pivots
- ATR Length -- ATR period used for zone and break-margin scaling
- Break Margin (ATR) -- ATR fraction above/below beacon required for a break
- Bias EMA Length -- Macro EMA used to gate breaks
- Beacon Score Threshold -- Minimum 0-100 score required at fire
- Signal Cooldown Bars -- Minimum bars between consecutive signals
🔶 ALERTS
- LBO Buy Beacon -- Bullish beacon break confirmed
- LBO Sell Beacon -- Bearish beacon break confirmed
- LBO Any Signal -- Any beacon signal
- LBO Lit -- Beacon score reaches 85+
- LBO High Confluence -- Pivot-high confluence across three scales
- LBO Low Confluence -- Pivot-low confluence across three scales
- LBO Up Break -- Close broke above beacon high
- LBO Down Break -- Close broke below beacon low
- LBO Webhook JSON -- Generic webhook payload for external automation
🔶 LIMITATIONS & DISCLAIMER
- This is a technical analysis tool, not financial advice. Always use proper risk management.
- Pivots confirm only after right-side bars print; slow pivots have meaningful lag.
- In strongly trending markets one side of the beacon may rarely form; that's expected behavior.
- The Beacon Score is a composite heuristic, not a calibrated probability.
Built for traders who want support/resistance confirmed at multiple pivot granularities rather than just one.
🔶 CONCEPTS
A pivot at one length could be noise; pivots at three lengths landing on the same price are not. Fast pivots capture intraday swings, medium pivots capture session structure, and slow pivots capture trend turning points. When the latest of each cluster within one ATR-scaled zone, that price has been confirmed as a major structural level by three independent timescales at once. A break of that beacon level, therefore, is meaningful because the level mattered at multiple horizons simultaneously. This is stronger evidence than a break of any single pivot.
🔶 HOW IT WORKS
- Detects pivot highs and lows at three different L/R lengths (fast, medium, slow)
- Tracks the most recent pivot of each type
- Computes the spread between the three most recent pivot highs (and separately pivot lows) in ATR units
- Declares "high confluence" when all three pivot highs fit within the Beacon Confluence Zone (ATR)
- Declares "low confluence" when all three pivot lows fit within the same zone
- Averages the three pivots when confluent to form the beacon level
- Detects breaks when close clears the beacon by the Break Margin
- Combines confluence tightness, break event, and bias-EMA slope into a 0-100 Beacon Score
- Classifies state as DARK, FORMING, GLOWING, or LIT
🔶 HOW TO USE
1. Add the indicator -- green line shows low beacon, pink line shows high beacon when confluences exist
2. Watch the dashboard (top-right) for live beacon prices, pivot spreads in ATR, and break state
3. Green BUY triangles with "BEACON ↑" label fire on bullish beacon breaks; pink SELL triangles on bearish
4. The Bias EMA plotted with glow gates breaks to macro direction
5. Narrow the Beacon Confluence Zone to require tighter clustering for more conviction
🔶 FEATURES
- Non-repainting signals (barstate.isconfirmed)
- Works on all timeframes and instruments
- 9 alert conditions with JSON webhook support
- Three-scale pivot confluence detection
- ATR-scaled zone so confluence tolerance is instrument-appropriate
🔶 SETTINGS GUIDE
- Fast / Mid / Slow Pivot L/R -- Three different pivot lengths used for confluence
- Beacon Confluence Zone (ATR) -- Max ATR-scaled spread between the three pivots
- ATR Length -- ATR period used for zone and break-margin scaling
- Break Margin (ATR) -- ATR fraction above/below beacon required for a break
- Bias EMA Length -- Macro EMA used to gate breaks
- Beacon Score Threshold -- Minimum 0-100 score required at fire
- Signal Cooldown Bars -- Minimum bars between consecutive signals
🔶 ALERTS
- LBO Buy Beacon -- Bullish beacon break confirmed
- LBO Sell Beacon -- Bearish beacon break confirmed
- LBO Any Signal -- Any beacon signal
- LBO Lit -- Beacon score reaches 85+
- LBO High Confluence -- Pivot-high confluence across three scales
- LBO Low Confluence -- Pivot-low confluence across three scales
- LBO Up Break -- Close broke above beacon high
- LBO Down Break -- Close broke below beacon low
- LBO Webhook JSON -- Generic webhook payload for external automation
🔶 LIMITATIONS & DISCLAIMER
- This is a technical analysis tool, not financial advice. Always use proper risk management.
- Pivots confirm only after right-side bars print; slow pivots have meaningful lag.
- In strongly trending markets one side of the beacon may rarely form; that's expected behavior.
- The Beacon Score is a composite heuristic, not a calibrated probability.
🔵Gain access to our powerful tools : kestutisbalciunas.com/tradingview/
🔵Join our free telegram for updates : t.me/algotradingedge
All scripts & content provided by Forexobroker are for informational & educational purposes only.
🔵Join our free telegram for updates : t.me/algotradingedge
All scripts & content provided by Forexobroker are for informational & educational purposes only.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🔵Gain access to our powerful tools : kestutisbalciunas.com/tradingview/
🔵Join our free telegram for updates : t.me/algotradingedge
All scripts & content provided by Forexobroker are for informational & educational purposes only.
🔵Join our free telegram for updates : t.me/algotradingedge
All scripts & content provided by Forexobroker are for informational & educational purposes only.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.