TradingView indicator · Pine Script v6

Cipher Wave PRO

Waves, money flow, divergences and trend in one indicator, plus Cipher Wave Levels for the blocks and naked levels around price. The scripts from the Cipher Wave Live streams, built on the BTC chart, and both fit TradingView's free plan.

Get Cipher Wave PRO Watch it live

Launch price $99
2 scripts, 1 price
Works on the free plan
Signals on bar close
Full Pine source

What you see on the chart

Everything I read on my chart, in two scripts

Cipher Wave PRO puts an oscillator pane under the price and trend tools on the price itself. Cipher Wave Levels adds the levels price keeps coming back to.

Lower pane Oscillator

WavesWaveTrend fast and slow line with overbought and oversold zones, plus a VWAP wave for momentum.
Money flowA green / red area from the candle bodies, volume-weighted by default, so you see who is in control.
RSI and Stoch RSIOn the same 0 to 100 scale, in the same pane.
Small green / red dotsOn the waves: a trend flip (green bullish, red bearish). Optional extra: the waves crossing in the oversold or overbought zone.
Divergence dotsPrice makes a new low or high but the waves do not: big gold dot (bullish) or red dot (bearish) in the pane, and the same signal on price: gold under the candle, purple above it.
Level filterDots near the previous day or week high / low or the major high / low stay bold and get marked on price, gold when a divergence backs them. Dots in the middle of nowhere fade out.

Price chart Trend

Trend Flip trailAn ATR trailing line that flips LONG or SHORT only on a bar close beyond it, with a soft fill that never hides the candles.
SFP labels"SFP long / SFP short" when price sweeps a 4h, daily or weekly range high or low and closes back inside, with where the idea is invalidated (S/L under / above). A label stays until that level is taken. Adjustable icon size.
Failed auction (FA)"FA long / FA short" when price fails beyond the daily or weekly range and returns, with the invalidation level and the live range lines.
DashboardTrend on your timeframe, the weekly and the daily, last flip, distance to the 200-week MA and the all-time high.
Cycle clock and 200 MAOptional Bitcoin cycle windows (halving, bear low, Fibonacci time) and a 200 SMA / EMA.

Cipher Wave Levels Second script

Untouched blocksDaily, weekly, monthly and yearly blocks: the last opposite candle before a move that broke its high or low, kept until price trades back into it.
Naked POCs and highs / lowsDaily, weekly and monthly points of control and highs / lows that price has not touched since they formed, nearest above and below.
Opens, value area and VWAPDaily, weekly, monthly and yearly opens, the prior day POC / VAH / VAL and the session VWAP.
Clean chartEvery level is drawn to the right of the last candle, coloured by timeframe, with its name and price.

Colour guide

What every dot and label means

Each mark answers one question about the chart. None of them is a buy or sell order on its own.

Gold dot · bullish divergencePrice made a lower low but the waves made a higher low: selling pressure is fading. Shown big at the bottom of the pane and under the candle on price, two bars after the wave turns. Use it to spot where a down move is losing strength.

Purple dot (on price) · bearish divergencePrice made a higher high but the waves made a lower high: buying pressure is fading. Drawn above the candle. Use it to spot where an up move is running out of steam.

Red dot (top of the pane) · bearish divergenceThe same bearish divergence as the purple dot, marked at the top of the oscillator pane.

Small green / red dots on the wavesA trend flip of the Trend Flip trail: green when it turns bullish, red when it turns bearish. Optional (off by default): the waves crossing in the oversold or overbought zone.

SFP long

SFP long / SFP short labelPrice swept a 4h, daily or weekly range low (or high) and closed back inside. The label shows where the idea is invalidated (S/L under / above) and stays until that level is taken.

FA long

FA long / FA short labelA failed auction: price broke beyond the daily or weekly range and could not hold it. Like the SFP labels it shows the invalidation level; the live range lines are drawn with it.

Green / pink trail on priceThe Trend Flip trail: green while price closes above it (bullish), pink while below (bearish). It only flips on a candle close beyond the line.

Horizontal lines (Cipher Wave Levels)Untouched blocks, naked POCs and highs / lows, opens and value area, coloured by timeframe (daily yellow, weekly pink, monthly purple, yearly white), with their name and price on the right.

Not financial advice: these marks describe what price and the waves did. They do not predict what comes next.

Screenshots

On the BTC chart

Cipher Wave PRO and Cipher Wave Levels on the daily BTC chart — BTC daily with both scripts: FA labels, gold and purple divergence dots on price, the levels on the right and the oscillator pane below.

SFP and FA labels on the 4-hour BTC chart — BTC 4-hour: SFP labels (green / pink) and FA labels (blue / orange), each with its S/L side.

Cipher Wave Levels and an SFP label on the 15-minute BTC chart — BTC 15-minute: daily blocks, value area and POCs around price, an SFP long at the range low.

Install in two minutes

Three steps

Open the Pine Editor
On any TradingView chart, open the Pine Editor in the bottom panel and start a new indicator.
Paste the script
Replace everything in the editor with one script from your download page. Do the same for the second one.
Save and add to chart
Click Save, then Add to chart. Adjust anything in the settings (gear icon).

Full guide: installation and settings.

Get the indicator

Cipher Wave PRO + Levels

One-time purchase, both scripts. Your download page opens right after checkout.

$99 launch price

Goes up to $200 after 15 November 2026.

First 50 buyers: extra 20% off (code EARLY50, applied automatically) → $79.20

Get Cipher Wave PRO

Secure checkout by Stripe.

Full Pine Script v6 source code
Two scripts: Cipher Wave PRO and Cipher Wave Levels
Both fit TradingView's free plan (two indicators per chart)
Alerts: divergences, trend flips, SFP and FA labels, dots at a level
Install guide and free updates of this version
Personal-use licence (terms)

FAQ

Questions

Do I need a paid TradingView plan?

No. You paste the source into the Pine Editor, which every plan has. On the free plan (two indicators per chart) Cipher Wave PRO and Cipher Wave Levels fill both slots: the price tools and the oscillator pane come from one script, the levels from the other.

Does it repaint?

Dots, flips and labels are decided on the bar close. While a bar is still open, a dot can appear or disappear until that bar closes. Divergences are confirmed two bars after the wave turns and do not move after that. Higher-timeframe values use closed bars only.

Which markets and timeframes?

It was built on the Bitcoin chart and works on any symbol and timeframe TradingView has; the money flow needs volume data, and the cycle clock is made for Bitcoin.

Does it tell me when to buy or sell?

No. It marks chart events (divergences, trend flips, SFP and failed-auction labels) and shows where each idea would be invalidated (S/L). That is a way to read the chart, not advice: no win rate or profit is claimed, and no indicator predicts price. Every decision and its risk are yours.

Do I get updates?

Yes, updates of this version are free. When the script changes, you download the new source from your download page (bookmark it). Lost it? Email [email protected] with your receipt.

Can I get a refund?

It is a digital download of source code, so there are no refunds once the file has been downloaded, except where the law requires it. Questions before buying are welcome on the live stream.

Cipher Wave Live

See it on the live BTC chart

Live on YouTube

I stream my Bitcoin chart with this indicator and talk through what the waves and the trend are doing. Questions in chat are welcome.

Open the channel

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