HOKO,PSP

HOKO is a multifunctional chart-overlay designed to display clean market context and detect PSP (Price-Structure Projection) signals based on candle-body direction differences between the main symbol and two reference indices.

The indicator provides two core features:

1. Header Display (Symbol / Timeframe / Date / Mode System)

HOKO allows full customization of on-chart informational headers, including:

Symbol name

Timeframe (auto-formatted)

Indicator name (HOKO)

Date (Pretty or Numeric)

Multiple layout modes (6 total)

Adjustable text size, alignment, padding, row spacing, and screen position

Dynamic rendering using table objects

This creates a clean and professional display suitable for screenshots, analysis, and multi-chart layouts.

2. PSP Logic (Price Structure Projection)

The PSP engine compares the main chart’s candle direction to two reference symbols (default: ES1! and YM1!).
A violation occurs when the main candle is bullish while the reference candle is bearish, or vice-versa.

The script:

Calculates ATR-based dynamic marker offsets

Stores the last 3 bars

Detects Swing High PSP and Swing Low PSP based on a 3-candle swing structure

Confirms signals only if the middle candle contains a violation

Draws markers above/below the swing point with fully customizable shapes, colors, and sizes

Supports two symbols independently (Symbol 1 / Symbol 2)

Automatically deletes old labels based on a user-defined max-bar limit

This makes PSP easy to visualize and helps identify inflection points where internal weakness or strength appears before price shifts.

Key Features

Clean customizable chart header

Pretty or numeric date formats

Multiple layout modes (vertical or one-line display)

PSP detection from ES/YM divergence logic

Swing-based confirmation for higher-quality signals

Dynamic ATR offset for accurate visual spacing

Lightweight and optimized with automatic cleanup

Works on any market and any timeframe

Purpose

HOKO helps traders quickly understand market context while highlighting potential turning points caused by structural divergence between major indices. It is ideal for intraday traders using ICT-style logic, smart money concepts, or divergence-based confirmation models.