Aurelian Consensus Bands [JOAT]

Aurelian Consensus Bands [JOAT]

Introduction

Aurelian Consensus Bands is an open-source price consensus map built around a log-volume profile, dynamic consensus bands, VWAP context, and confirmed-bar signal logic. It is designed to answer a specific question: where is price trading relative to the market's recent volume-weighted agreement zone, and is that move supported by session pressure?

The script plots VPOC, consensus area, boundary bands, session VWAP deviation shells, a dynamic volume node, right-side price rails, managed signal boxes, candle coloring, and a compact top-right dashboard. Its goal is not to predict the future. It provides a structured chart layer for reading acceptance, rejection, and directional pressure around consensus levels.



Core Concepts

1. Log-Volume Consensus Profile

The script builds a rolling profile on a logarithmic price canvas. Recent bars contribute volume across high-low rows, with recency weighting applied before the profile is converted into levels. This reduces sensitivity to one-off spikes while preserving important volume clusters.

2. VPOC, CA, and Boundary Band

The engine extracts a volume point of control, consensus area high/low, and wider boundary bands. The midpoint of the consensus area and the VPOC can be blended into the active anchor. Price displacement from that anchor is normalized so the indicator can classify whether price is inside, above, or below the agreement zone.

3. Dual-Anchor Coherence

Aurelian compares the VPOC view and consensus-area midpoint view. Signals are only stronger when both views agree. If the two anchors conflict, the coherence score falls and the dashboard shows weaker context.

4. VWAP and Session Pressure

The script adds session VWAP, VWAP deviation shells, synthetic delta pressure, and a dynamic volume node. Qualified signals require more than a simple cross; they also consider whether VWAP and pressure agree with the band event.

5. Right-Side Price Rails and Signal Box

The current VPOC, anchor, consensus levels, VWAP, and dynamic node are projected to the right edge with price labels. Qualified signals can also create a managed visual box with entry, stop, T1, and T2 levels based on ATR and planned R multiples.

Features

• Rolling log-volume profile: Builds VPOC, consensus area, and boundary bands from recent price-volume structure
• Dual-anchor coherence filter: Compares VPOC and consensus midpoint before qualifying signals
• VWAP deviation shells: Adds session VWAP context and upper/lower deviation bands
• Dynamic volume node: Tracks a lighter-weight volume anchor for current conditions
• Candle color blending: Colors bars using consensus direction and institutional context strength
• Qualified signal markers: Uses clean dots/squares rather than arrows or retail-style markers
• Managed signal box: Projects entry, stop, T1, and T2 for visual planning only
• Right-side rails: Labels VPOC, anchor, CA high/low, VWAP, and node prices at the chart edge
• Top-right dashboard: Shows mode, bias, coherence, score, VWAP state, delta, node, quality, and state
• Confirmed-bar logic: Main signal events are gated on confirmed bars

Input Parameters

Profile Core:

• Profile Rows controls profile resolution
• Profile Lookback controls how much recent history is used
• Recency Weight Span controls how quickly old bars lose influence
• Profile Smooth controls smoothing on extracted levels

Context and Rails:

• Show Session VWAP and VWAP Deviation Shells
• Show Dynamic Volume Node
• Show Right-Side Price Rails
• Show Managed Signal Box
• Signal Stop ATR Mult and Target R settings

How to Use This Indicator

Step 1: Read the anchor
Use the VPOC and consensus anchor to understand where the market's recent agreement zone sits.

Step 2: Check coherence
Higher coherence means the VPOC and consensus midpoint agree. Lower coherence suggests mixed structure.

Step 3: Watch VWAP and node context
Signals carry more context when price, VWAP, delta, and the dynamic node point in the same direction.

Step 4: Use right-side rails
The rails provide forward reference levels for continuation, rejection, or mean reversion planning.

Indicator Limitations

• The profile depends on the selected lookback and row resolution
• Signals are contextual, not standalone trade recommendations
• Very low volume symbols may produce less reliable profile and delta readings
• Confirmed-bar logic means signals appear after the bar closes, not before

Originality Statement

Aurelian combines a rolling log-volume consensus profile, dual-anchor coherence, session VWAP deviation context, synthetic pressure, dynamic node tracking, right-edge rails, and managed visual signal boxes in one open-source Pine v6 tool. The purpose is not to merge unrelated indicators, but to create a single acceptance/rejection framework around volume agreement and session context.

Disclaimer

This script is for educational and informational use only. It is not financial advice and does not ensure any trading outcome. Market behavior is uncertain, and all signals should be evaluated with risk management and independent judgment.

-Made with passion by jackofalltrades