Precision Candle & PSP

🔹 Precision Candle & PSP: Multi-Asset Confirmation Engine
The Precision Candle & PSP indicator is a dual-confirmation engine that detects two distinct price action setups — Precision Candles (PC) and Precision Swing Points (PSP) — using data from two comparison assets of your choice.

By incorporating confirmation from correlated or leading instruments, this tool provides a powerful way to filter out low-probability signals and focus on high-confluence reversal points.

⚙️ Key Features
Multi-Asset Confirmation Logic:
You can define two external symbols (e.g., correlated futures, ETFs, or indices). Signals are only displayed if one of those assets supports the signal seen on the current chart.

Precision Candle (PC) Detection:
This identifies potential reversal bars by checking for opposing candle sentiment between your chart and the comparison asset(s). For example, a bullish bar on the chart paired with a bearish bar on the comparison asset may indicate a rejection or divergence.

Precision Swing Point (PSP) Detection:
Detects swing highs and lows (mid-point structure) and filters them through confirmation from Asset 1 or 2, enabling highly refined structural reversal points.

Asset Priority System:
If both assets confirm, Asset 1 is prioritized. This gives traders control over which market they trust most as the lead signal.

Full Control Over Signal Types:
Toggle between PC, PSP, or both. You can also filter swing points by bullish-only, bearish-only, or both.

Timeframe Filtering:
Allows signals to show only on user-selected timeframes (1m to 1W), which helps align signals with your strategy.

Session-Based Filtering:
Enables session-based control — show signals only during specific time windows (e.g., New York Open, London Close, etc.).

🧠 How It Works
Precision Candle (PC):
Compares the current candle direction (bullish or bearish) on the main chart with the selected asset(s). A signal is generated if there’s candle divergence, indicating potential mispricing or reversal opportunity.

Precision Swing Point (PSP):
Detects classic swing structures (highs/lows) and applies the same multi-asset candle divergence logic, but using the middle bar of the swing. This provides more context and accuracy around turning points.

Visual Priority:
PSP color (from swing logic) takes priority if both PC and PSP trigger on the same bar.

🎯 Who This Indicator Is For
Reversal and structure traders who want early confirmation signals.

Multi-timeframe analysts who want to filter setups by session or timeframe.

Traders working with correlated markets, such as ES/NQ or DXY/Gold, where cross-confirmation adds an edge.

Discretionary traders who need context beyond price alone.

🔒 Why It’s Closed-Source
This script contains:

A custom-built multi-asset confirmation engine, including symbol prioritization and fallback logic.

Dual-layered filtering (timeframe + session) for hyper-specific signal control.

A proprietary blend of candle divergence + swing detection across separate assets — not publicly available in open-source scripts.

Due to the unique logic behind its signal detection and asset coordination framework, the script is protected to preserve its originality and edge.

⚠️ Important Notes
This tool does not generate buy/sell signals — it highlights price structure points that meet your selected confirmation criteria.

You must select valid trading symbols that are available in your data plan.

For best results, use this on correlated or leading markets (e.g., ES/NQ, YM/RTY, BTC.D/BTC, etc.).