Phantom Zone Visualizer (Auto-Mitigation)

SCRIPT OVERVIEW: "Phantom Zone Visualizer (Auto-Mitigation)"

This is a custom Pine Script v5 indicator designed to automatically detect, display, and manage Phantom-style supply and demand zones directly on your TradingView chart.

🎯 PURPOSE:

To visually identify high-probability institutional price zones using the Phantom model:

Impulse → Base → Impulse

Wick-to-body precision

Auto-deletion on mitigation

🧠 HOW IT WORKS (STEP BY STEP):
🔍 1. Impulse Detection

The script first checks if the current candle (bar 0) is part of a strong directional move (an impulse):

Impulse Up = large bullish candle (body > ATR * strength factor)

Impulse Down = large bearish candle

It uses the ATR (Average True Range) to confirm if the candle is large enough, based on a user-defined multiplier (default = 1.5× ATR).

🧱 2. Base Detection (1–3 small candles)

If an impulse is detected, the script checks previous candles (up to 3) to find a tight base:

Base = candles with small bodies (less than 60% of ATR)

These represent institutional order blocks

This follows Phantom’s rule:

"Two candles is institutional; four is confusion."

🧰 3. Zone Construction (Wick-to-Body)

Once a valid base is found, it constructs a Phantom zone box, using:

Demand Zones (bullish):

Bottom = lowest wick of base

Top = highest body open/close

Supply Zones (bearish):

Top = highest wick of base

Bottom = lowest body open/close

This creates a visual green (demand) or red (supply) box extending 10 candles forward.

🏷 4. Labeling

Each zone includes a label showing:

Zone type (SUPPLY or DEMAND)

Price top and bottom

Number of candles in the base

This helps visually verify the purity of the zone at a glance.

💣 5. Auto-Mitigation Logic

Every new candle checks if price has touched or entered any zone:

If price overlaps a zone (wick or body):

The script deletes the box

This follows Phantom's principle:

"Once touched, zone is mitigated and no longer valid"

This keeps your chart clean and disciplined, avoiding reused zones.

⚙️ SETTINGS:
Setting Purpose
Lookback How far to check for impulses
Impulse Strength Multiplier of ATR to define "big candle"
Max Base Candles Max # of base candles to consider (default = 3)
✅ WHAT THIS SCRIPT DOES WELL:

✅ Follows Phantom rulebook with precision

✅ Marks clean, institutional zones only

✅ Enforces discipline by auto-deleting mitigated zones

✅ Helps traders avoid overtrading used zones

✅ Simple to plug and use on any asset/timeframe

✅ Fast visual scanning of structure, base, and strength

🚫 WHAT IT DOES NOT DO (yet):

❌ No scoring system (Phantom Score out of 20)

❌ No risk:reward (RRR) projections

❌ No trend/timeframe alignment filters (HTF/ITF)

❌ No alerts for zone creation/mitigation

🧩 SUMMARY:

Your Phantom Zone Visualizer (Auto-Mitigation) is a strict, rule-based tool to:

✅ Identify valid Impulse → Base → Impulse formations
✅ Draw zones using Phantom wick-to-body logic
✅ Remove zones once they are mitigated
🧘 Keep your chart clean, your trading structured, and your focus sharp