OPEN-SOURCE SCRIPT
Updated Market Cipher B Replica
Market Cipher B Replica for Pine Script v6
This script is a custom indicator for TradingView inspired by the popular Market Cipher B.
It combines several market strength and momentum signals into a single, visually-rich oscillator, including:
RSI (Relative Strength Index)
MFI (Money Flow Index)
VWAP (Volume Weighted Average Price)
Custom momentum waves (multi-stage EMA smoothing)
Histogram for short-term momentum
Visual signals:
Colored wave fills above/below zero
Green/Red dots on momentum wave crossovers
Yellow/Blue pivot markers for local highs/lows
Trigger dots for potential reversals
Dynamic background coloring for market states (overbought, oversold, confluence, VWAP clouds)
All major features are toggleable, so you can customize what’s displayed for clarity and focus.
Purpose:
To help traders visually identify market momentum shifts, trend reversals, and areas of potential exhaustion or confluence—similar to what the original Market Cipher B does, but fully open-source and customizable.
This script is a custom indicator for TradingView inspired by the popular Market Cipher B.
It combines several market strength and momentum signals into a single, visually-rich oscillator, including:
RSI (Relative Strength Index)
MFI (Money Flow Index)
VWAP (Volume Weighted Average Price)
Custom momentum waves (multi-stage EMA smoothing)
Histogram for short-term momentum
Visual signals:
Colored wave fills above/below zero
Green/Red dots on momentum wave crossovers
Yellow/Blue pivot markers for local highs/lows
Trigger dots for potential reversals
Dynamic background coloring for market states (overbought, oversold, confluence, VWAP clouds)
All major features are toggleable, so you can customize what’s displayed for clarity and focus.
Purpose:
To help traders visually identify market momentum shifts, trend reversals, and areas of potential exhaustion or confluence—similar to what the original Market Cipher B does, but fully open-source and customizable.
Release Notes
This script is a custom indicator for TradingView inspired by the popular Market Cipher B.
It combines several market strength and momentum signals into a single, visually-rich oscillator, including:
RSI (Relative Strength Index)
MFI (Money Flow Index)
VWAP (Volume Weighted Average Price)
Custom momentum waves (multi-stage EMA smoothing)
Histogram for short-term momentum
Visual signals:
Colored wave fills above/below zero
Green/Red dots on momentum wave crossovers
Yellow/Blue pivot markers for local highs/lows
Trigger dots for potential reversals
Dynamic background coloring for market states (overbought, oversold, confluence, VWAP clouds)
All major features are toggleable, so you can customize what’s displayed for clarity and focus.
Purpose:
To help traders visually identify market momentum shifts, trend reversals, and areas of potential exhaustion or confluence—similar to what the original Market Cipher B does, but fully open-source and customizable.
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.