Forex Renko Leaderboard

Forex Warlord: Kinetic Velocity Leaderboard

This indicator is a specialized dashboard designed to rank the 7 Major Forex pairs based on their real-time "Kinetic Velocity" and acceleration. Unlike standard strength meters that measure relative price change, the Warlord Engine calculates exactly how fast a pair is generating net profits per second, accounting for the "Physics" of the market: drag (spread costs) and inertia (lag).

It is designed specifically for momentum traders who need to know not just which pair is moving, but which pair is moving fast enough to overcome the cost of the spread and generate immediate net return.

HOW IT WORKS
The script runs a "Virtual Renko" simulation on your time-based chart (works best on 1-second or 1-minute timeframes). It tracks price movement in "Bricks" and calculates a standardized "Score" for each pair.

The Score represents "Net Pips per Second."
-- A positive score (> 0.00) means the price is moving fast enough to clear the spread and generate profit.
-- A negative score (< 0.00) means the price is moving too slowly, and the spread cost is eating the volatility.

The system then applies a "Smart Decay" penalty. If a pair is moving fast but starting to decelerate (slowing down), its score is penalized to prevent you from buying the top.

HOW TO USE IT

1. Attach the indicator to any chart (EURUSD, 1-Second or 1-Minute recommended for high-speed scalping).
2. Look at the Dashboard on the right side of the screen.
3. Identify the Rank #1 Pair. This is the currency currently moving with the highest velocity.
4. Check the "Action" Column:
-- TRADE (Green): The pair is Rank #1 AND its velocity is high enough to be profitable.
-- NO TRADE (Red): The pair is moving too slowly, or the spread cost is too high relative to the move.
-- SPREAD > MAX (Red): The calculated move does not clear your specified "Max Broker Cost."
-- NO TRADE (ZONE) (Red): The market is in the "Dead Zone" (typically 17:00-18:00 EST), where spreads widen and liquidity vanishes.
5. Check the "State" Icon:
-- Rocket: The pair is accelerating. This is the ideal entry signal.
-- Warning: The pair is decelerating. Caution is advised as momentum is fading.

ALERTS
The indicator features a built-in alert system. You can create an alert in TradingView to notify you specifically when the "Renko Leaderboard Ranking" changes. This allows you to wait for the market to tell you which pair is taking the lead without staring at the screen.

INPUTS & SETTINGS
-- Renko Brick Size (Pips): The most critical tuning knob. Determines the sensitivity of the engine. Smaller bricks (e.g., 2-3 pips) make it hyper-sensitive for scalping. Larger bricks (e.g., 10 pips) tune it for swing trends. Changing this instantly recalculates the entire board.
-- Max Broker Cost (Pips): Your "Hurdle Rate." If a pair's projected profit does not clear this cost (default 1.0 pip), the dashboard will forbid the trade.
-- Dead Zone Start/End (Hour): Hard-coded risk management. By default, it blocks all signals between 17:00 and 18:00 EST (New York Close) to protect you from high-spread rollover hours.
-- HMA Time Dilation: A smoothing factor to prevent noise on 1-second charts.

DISCLAIMER
This tool is for informational purposes only. It measures past velocity to rank current momentum. Past performance is not indicative of future results. Always verify the actual bid/ask spread on your broker before executing, as the script uses a fixed spread calculation.