BlueSkyTerritory (2TF)

BlueSkyTerritory (2TF) is a multi-timeframe volatility structure indicator built from widely used, non-proprietary concepts (Bollinger Bands, Keltner Channels, ATR, and MTF logic). It highlights periods of compression (tightening volatility / coiling price action) and helps visualize when volatility conditions shift toward expansion.

What it does:

- Runs two independent timeframes per instance (Layer A + Layer B)
- Supports Low / Medium / High compression strength visualization
- Uses confirmed (non-repainting) values for stability
- Works on any liquid market: equities, futures, crypto, FX (price/volatility based)

How to use (simple):

- Use higher timeframes for context
- Use lower timeframes for execution and trade management

Compression does not mean “buy/sell” by itself — it’s a regime tool intended to be paired with your own confirmation and risk plan.

Development note:

This indicator was developed, and based on, publicly known volatility math and Pine Script rules. No proprietary source code or restricted indicators were used.

Disclaimer: Educational use only. Not financial advice.