Hybrid Smart Money Concepts [MarkitTick]💡This indicator provides a comprehensive technical analysis system that combines Market Structure concepts (Smart Money Concepts) with advanced Gap Analysis and a statistical Stress Model. It is designed to help traders identify trend direction, structural pivot points, potential reversal zones (Order Blocks), significant price gaps, and moments of market exhaustion.
Unlike standard ZigZag or Fractal indicators, this script integrates volume, trend maturity, and statistical volatility (Z-Score) to contextually classify price action. By overlaying these elements with a robust Market Structure engine—which identifies Change of Character (CHoCH) and Order Blocks—the tool provides a confluent view of price action.
It automates the detection of institutional footprints, allowing traders to see the structural trend, momentum drivers, and potential exhaustion points simultaneously.
● METHODOLOGY
The script operates on three distinct but complementary logic engines:
• Gap Analysis Engine
This module detects gaps between the previous high/low and the current open. It classifies them into three specific types based on volume and structural context:
Breakaway Gaps: Identified when a gap creates a breakout above a recent Pivot High or below a Pivot Low. This signals the start of a potential new trend.
Exhaustion Gaps: Identified when a gap occurs with high relative volume and meets the Trend Maturity criteria. This often signals the end of a trend.
Runaway Gaps: Standard continuation gaps that occur within a trend.
• Market Structure Engine
Swings and CHoCH: The script uses a left-and-right bar lookback to identify Pivot Highs and Lows. A Change of Character (CHoCH) is plotted when price closes beyond the most recent major pivot.
Order Blocks (OB): Upon a continuation of the trend, the script scans backward to find the extreme candle (the origin of the move) and highlights this zone as an Order Block.
Dynamic Cleanup: Gaps and Order Blocks are automatically removed (mitigated) when price aggressively crosses through their levels.
• Exhaustion & Stress Model
This statistical engine measures market "Stress" by analyzing the impact of price range relative to volume (True Range / Volume).
Calculation: It calculates a Z-Score (Standard Deviation) of this impact.
Logic: When the Z-Score exceeds a specific threshold (Sigma), it indicates a statistical anomaly or "Stress."
Signal: If high stress occurs while price is significantly above the trend baseline, it signals "Buyer Exhaustion." Conversely, high stress below the baseline signals "Seller Exhaustion."
● VISUALS & LEGEND
Before trading, you need to know what the indicator is drawing on your chart:
• Change of Character (CHoCH)
Green Dashed Line: Indicates a Bullish reversal.
Red Dashed Line: Indicates a Bearish reversal.
• Order Blocks (OB)
Green Boxes: Bullish support zones (Buy interest).
Red Boxes: Bearish resistance zones (Sell interest).
Note: Invalidated boxes are automatically deleted.
• Gaps
Blue Box (Breakaway): Strong momentum gap starting a new trend.
Orange Box (Runaway): Continuation gap.
Red Box (Exhaustion): Warning signal; trend may be ending.
• Stress Model Signals
Label "BE" (Red): Buyer Exhaustion. Suggests the bullish move is overextended relative to volume participation.
Label "SE" (Green): Seller Exhaustion. Suggests the bearish move is overextended.
● TRADING STRATEGY
You can use a "Pullback, Continuation & Exhaustion" strategy with this indicator.
• Scenario A: Long Setup (Buying)
Trend Change: Look for a CHoCH label with a Green Dashed Line.
Entry Zone: Look for a Green Order Block (OB) to form.
Confirmation: A Breakaway Gap (Blue) validates the breakout.
Entry: Enter Long when price pulls back into the Green OB.
Exit Warning: If a "BE" (Buyer Exhaustion) label appears, consider tightening stops or taking profit.
• Scenario B: Short Setup (Selling)
Trend Change: Look for a CHoCH label with a Red Dashed Line.
Entry Zone: Look for a Red Order Block (OB) to form.
Confirmation: A Breakaway Gap downwards validates the move.
Entry: Enter Short when price rallies back into the Red OB.
Exit Warning: If an "SE" (Seller Exhaustion) label appears, consider tightening stops or taking profit.
● SETTINGS
• Date Range Filter
Use Date Filter: Toggle time-based filtering.
Start Date: Timestamp to begin calculations.
• Gap Analysis
Min Gap Size: Minimum points required to register a gap.
Logic Inputs: Configures lookback periods and volume multipliers for gap classification.
Visuals: Customize colors for Breakaway, Runaway, and Exhaustion gaps.
• Market Structure
Swing Detection Length: Lookback period for pivot points.
Show CHoCH: Toggle for Change of Character labels.
Show Order Blocks: Toggle for OB boxes.
• Exhaustion & Stress Model
Trend Filter Length: Baseline length for determining trend direction (EMA).
Statistical Lookback: Length for the Z-Score calculation.
Stress Threshold (Sigma): The standard deviation requirement to trigger an exhaustion signal (Default: 2.0).
● DISCLAIMER
All provided scripts and indicators are strictly for educational exploration and must not be interpreted as financial advice or a recommendation to execute trades. I expressly disclaim all liability for any financial losses or damages that may result, directly or indirectly, from the reliance on or application of these tools. Market participation carries inherent risk where past performance never guarantees future returns, leaving all investment decisions and due diligence solely at your own discretion.
지표 및 전략
Candle 2 Closure [LuxAlgo]The Candle 2 Closure tool detects a specific reversal pattern on the chart spanning four bars. The first bar trades into a key price level. The second bar trades outside the first bar's range, but closes inside, indicating a reversal. The third bar closes outside the second bar's range, in the direction of the reversal, creating a price expansion. The fourth bar is a continuation of prices in that same direction.
This tool features key levels, equilibrium zones, and real-time alarms upon confirmation of the second and third candles of the pattern.
This specific part of the more complete Fractal model by TTrades was requested by a lot of you. We are happy to bring it to you and wish you a merry Christmas!
🔶 USAGE
This pattern is a TTrades concept: a reversal setup that is very easy to understand. It occurs when the current bar trades outside of the previous bar's range, but closes inside it. In other words, traders try to push prices outside of the previous bar's range, but fail. This is considered a reversal, meaning that traders encountered opposing forces that overwhelmed them. Thus, the expectation is that prices will trade in the new direction, changing the market bias from bullish to bearish, or vice versa.
Let's look at the example in the chart, where the four candles of this setup are marked. Note that we have selected a perfect setup, where all conditions are met.
Candle 1: This bar traded into a key price area at the top of the range, spanning several months.
Candle 2: This bar traded outside the range of Candle 1, but failed to close outside. This is the reversal.
Candle 3: The wick of this bar formed at or below the equilibrium zone of Candle 2, and it closed outside the range of Candle 2. This is the expansion.
Candle 4: At this point, the setup is complete, and the expectation for this candle is that it will trade in the same direction. The top of the candle is at or below the equilibrium zone of Candle 3. This is the continuation.
In a strong setup, the top or bottom of the next bar will form inside the equilibrium zone defined by the highlighted areas on candles 2 and 3.
This is a perfect bearish setup, featuring all elements. Not all setups will be like this, but when this setup occurs, it is important for traders to be aware of it.
The tool is highly customizable from the settings panel and features real-time alerts at candle 2 and 3 confirmations.
Now, let's take a broader view of the same chart. We have disabled the display of candle 2 and filtered the setups with a length of 50.
As we can see, most of the last 17 setups found on the EUR/USD daily chart lead to multi-day or multi-month price movements.
🔹 Filtering Reversals
The tool features a reversals filter that is disabled by default. This filter allows us to filter out minor reversals and display only those that are important.
Traders can adjust the length parameter to display reversals only at the top or bottom of the last N specified bars. We can see some examples in the chart.
🔹 Wick Threshold
From the settings panel, traders can fine-tune the equilibrium zone for candle 2.
If the wick exceeds the threshold expressed as a percentage of the total bar range, the equilibrium zone will be calculated based only on the wick. In all other cases, the full bar range will be used.
🔶 SETTINGS
Candle 2 (Reversal): Enable or disable Candle 2 reversals.
Candle 3 (Expansion): Enable or disable Candle 3 expansions.
Reversals Filter: Filter reversals as the highest or lowest of the last N bars.
Wick Threshold %: Filter wicks as percentage of total bar range.
🔹 Style
Bullish Color: Select bullish color.
Bearish Color: Select bearish color.
Transparency: Select the transparency level. 0 is solid and 100 is fully transparent.
Levels: Enable or disable the horizontal levels.
Candle 2 Zone: Enable or disable the Candle 2 equilibrium zones.
Candle 3 Zone: Enable or disable the Candle 3 equilibrium zones.
🔹 Alerts
Candle 2 Alerts: Enable or disable Candle 2 alerts.
Candle 3 Alerts: Enable or disable Candle 3 alerts.
Diagonal Interest Zones ScannerThis indicator automatically scans and plots diagonal (slanted) interest zones – dynamic trend-parallel channels that identify statistically validated support/resistance levels within a trending price structure. It detects the strongest "bounce" zones where price has repeatedly respected slanted lines without breaking for a specified hold period, ideal for trending markets.
How It Works (Technical Methodology)
Trend Channel Detection
The script calculates a linear trend slope from a user-defined anchor point (start of lookback or fixed date) to the current close.
Range is determined by finding the maximum deviation above/below this trend line over the lookback period.
This creates a "channel envelope" capturing the full price oscillation around the trend.
Data can be sourced from current or higher timeframe for structural alignment.
Stable Update Mechanism
To prevent flickering on live bars:
Full recalculation (scanning + slope) occurs only after user-defined "Update Frequency" bars close (default 50).
All calculated values (slope, channel bottom, levels, scores) are "snapshotted" and frozen until next confirmed update.
Drawing uses these stable snapshots, ensuring zones remain fixed during real-time price movement.
Auto Mode Scanning
When enabled:
Scans the channel height in percentage steps (default 1.0%).
Each candidate creates a thin diagonal zone (thickness % of price, default 0.04%) parallel to the trend.
Counts valid "hits": Price touches zone and holds (no break) for user-defined bars (default 10).
Break source: "Close" (strict) or "Wick" (sensitive).
Direction assumed by close relative to zone center (support/resistance).
Level Selection and Filtering
Ranks by hit count, applies minimum distance (% of channel height) to avoid overlap.
Limits to max zones (default 9), sorted low to high.
Manual mode alternative: Directly uses input percentages (e.g., 0, 50, 100 for channel bottom/mid/top).
Diagonal Zone Construction
Zones are drawn as filled diagonal bands using two parallel lines (top/bottom) with linefill.
Thickness is volatility-adjusted (% of current price).
Optional extension far into future or limited projection.
Colors: Supply (above price, default light gray), Demand (below price, default cyan) – updates live but positions stay stable.
Dashboard and Visuals
Table shows current price at each zone (stable during bar), % level, hit count (green if high).
Update countdown displayed for transparency.
How to Use
Perfect for trending markets – identifies dynamic, parallel support/resistance zones that move with price structure.
High hit counts: Strong diagonal zones – expect bounces or acceleration on retest.
Update Frequency: Higher values (100+) for very stable long-term channels; lower for adaptive intraday.
Validation Bars: Increase for stricter zones (fewer false positives).
Multi-Timeframe: Use higher TF input for major trend channels on lower charts.
Supply Zones (Diagonal above price): Dynamic resistance – potential shorts or profit targets.
Demand Zones (Diagonal below price): Dynamic support – potential longs or trailing stops.
Manual Mode: Quick plotting of fixed % (e.g., channel median, quartiles).
Confluence: Combine with horizontal levels, volume, or order flow for entries.
Zones remain visually stable (no repainting during bar) thanks to snapshot logic – reliable for live trading decisions.
Disclaimer
This indicator is a technical analysis tool and should be used in conjunction with other forms of analysis. Past performance does not guarantee future results. Always use proper risk management.
PDH/PDL Breakout Pip MeasurerThe indicator tracks and measures daily breakout performance when price breaks the Previous Day's High (PDH) or Previous Day's Low (PDL). This indicator provides exact pip/point measurements of how far breakouts travel before hitting your stop-loss, with comprehensive statistics for strategy optimization.
Function
Tracks breakouts above PDH (Previous Day's High) and below PDL (Previous Day's Low)
Measures maximum distance price travels after breakout before stop-loss hit
Calculates exact pip/point gains for every breakout move
Provides statistical analysis of breakout performance over time
Identifies only first breakout of each day for clean signals
Performance Metrics
Exact pip measurement for every breakout move
Statistics table with Count, Average, Min, Max pips
Separate tracking for bullish and bearish breakouts
Historical performance accumulation over time
Active breakout monitoring in real-time
Settings
Adjustable pip multiplier - works with any instrument (Forex, indices, crypto)
Separate stop-loss settings for bull/bear breakouts
Visual control - show/hide levels, labels, table
Built-in alerts for breakout notifications
UM Premarket Volume DashboardSUMMARY
Do you track the largest percent movers in the premarket?
Instantly compare current premarket volume to its recent average with built-in trend confirmation.
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DESCRIPTION
This indicator is a compact premarket intelligence dashboard that combines live volume analysis with adaptive trend detection. It highlights unusually strong premarket activity while confirming directional bias using either a Nadaraya–Watson Estimator (NWE) or traditional moving averages.
The goal is to quickly identify symbols that are both active and aligned with trend before the regular trading session begins.
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HOW IT WORKS
• Calculates average daily volume using a 50-day rolling average
• Tracks live premarket volume between 04:00–09:30 (exchange time)
• Computes a rolling average of prior premarket sessions and blends in the current day’s partial premarket volume in real time
• Highlights premarket volume in dark green when it exceeds both a user-defined threshold and the rolling premarket average
• Determines bullish or bearish trend status using a selectable method:
• Nadaraya–Watson Estimator (NWE)
• EMA, WMA, or SMA
• Trend status is based on directional slope (current value vs prior bar)
• Displays percent gain from the previous regular-session close (4:00pm ET)
• Shows total shares outstanding for quick liquidity context (when available)
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DEFAULT SETTINGS
• Trend Method: Nadaraya–Watson Estimator (NWE)
• NWE Lookback Window (h): 8
• NWE Relative Weighting (r): 8
• Regression Length: 120 bars
• Premarket Average Days: 10
• Premarket Green Volume Threshold: 50,000 shares
• Average Daily Volume: 50-day SMA
• Trend Source: Close
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SUGGESTED SETTINGS AND USES
• Use the default NWE settings for smoother, adaptive trend confirmation, especially on lower timeframes (1–5 minute charts) during premarket
• Switch to EMA or WMA if you prefer faster trend flips or want behavior consistent with MA-based systems
• Increase the Premarket Volume Threshold for large-cap stocks or ETFs to reduce noise
• Decrease the threshold for small-cap stocks to surface early momentum names
Ideal for:
• Premarket gap scanners
• Momentum continuation setups
• Liquidity confirmation before market open
• Building dynamic watchlists for the opening bell
This indicator is best used as a filtering and confirmation tool, not as a standalone entry signal.
Big Trades / Intrabar Volume Clusters by HKDescription:
This indicator brings professional Order Flow and Footprint capabilities to your chart. It detects and visualizes high-volume trade clusters inside the candle, allowing you to see exactly at which price level big market participants were active.
Unlike standard volume bars, this tool uses Intrabar Data to map significant buying and selling pressure precisely within the candle body.
ℹ️ IMPORTANT: Resolution Setting (Read First) To ensure this indicator works immediately for all users (including Free/Basic accounts), the default resolution is set to "1 Minute".
Basic/Free Users: Please keep the setting at "1" (Second-based intervals often require a paid plan).
Premium Users: For the best precision and the exact look shown in the screenshots, we highly recommend changing the Resolution setting to "5S" (5 Seconds)!
🚀 Key Features
Intrabar Precision: Leverages request.security_lower_tf to look inside the candle structure.
Noise Filtering: Only displays clusters that exceed your defined Minimum Volume threshold, filtering out retail noise.
Smart Coloring:
Green: Buying pressure (Close >= Open on the lower timeframe).
Red: Selling pressure (Close < Open on the lower timeframe).
🆕 Independent Sizing: A unique feature: You can control the Font Size and Circle Size independently.
This allows for small, non-intrusive circles with large, readable text.
⚙️ Settings
Resolution: Default is 1 (Minute). Premium users should switch to 5S for true order flow precision.
Minimum Volume: The most important filter. Determines how large a trade cluster must be to appear (e.g., 150+ for ETH, higher for BTC).
Visuals: Customize Buy/Sell colors, Circle Size, and Text Size separately.
⚠️ Visual Tip (If text is hidden)
If the bubbles or numbers appear behind the candles or disappear when clicking away:
Right-click on any of the indicator bubbles.
Select Visual Order -> Bring to Front.
This ensures the Big Trades data always floats on top of your price bars.
Wickless Candle Revisit TrackerWickless Candle Revisit Tracker
Identifies wickless candles (strong momentum candles) and tracks whether price revisits their opening level, providing statistical insights into price behavior patterns.
WHAT ARE WICKLESS CANDLES?
• Green wickless: Open = Low (no lower wick) - opened at the low and moved only upward
• Red wickless: Open = High (no upper wick) - opened at the high and moved only downward
These candles represent strong directional momentum, and their opening levels often act as support/resistance zones that price may revisit.
KEY FEATURES:
• Automatic Detection: Identifies wickless candles with configurable tolerance for broker spread
• Real-time Tracking: Monitors each wickless candle until price revisits its opening level
• Visual Indicators:
- Labels show "WL↑" or "WL↓" with bars count when revisited (or "N/A" if pending)
- Horizontal lines mark price levels (gray dashed = pending, green solid = revisited)
• Comprehensive Statistics Table:
- Total wickless candles detected
- Revisit rate percentage
- Min/Max/Average bars until revisit
- Pending count
• History Limit: Configure how far back to analyze (default: 500 bars)
• Customizable: Adjust colors, toggle labels/lines/table, reposition statistics
USE CASES:
• Identify potential support/resistance levels from momentum candles
• Measure how often price fills "fair value gaps" or inefficiencies
• Track mean reversion patterns after strong momentum moves
• Backtest the reliability of wickless candle levels as trading zones
SETTINGS:
• Wick Tolerance: Allow small wicks due to broker spread (e.g., 0.0001 for forex)
• History Limit: Number of bars to analyze (older candles are hidden)
• Visual Controls: Toggle labels, lines, and statistics table
• Color Customization: Adjust line colors for pending/revisited states
ALERTS:
Built-in alerts for wickless candle detection (green, red, or both).
Perfect for traders analyzing price inefficiencies, fair value gaps, and momentum-based support/resistance levels.
Interest Zones ScannerThis indicator automatically scans a user-defined price range (on current or higher timeframe) to detect and plot the strongest horizontal support/resistance zones based on validated price reactions. It intelligently identifies levels where price has repeatedly bounced without breaking for a specified number of bars, prioritizing high-probability reaction areas.
How It Works (Technical Methodology)
Range Calculation
The script determines the high/low range using a configurable method:
"Lookback Bars": User-defined number of bars (default 400) on the target timeframe.
"Fixed Start Date": Bars since a specified date (default dynamic).
Data is fetched via request.security() from a selectable timeframe (default current chart TF) for multi-timeframe alignment.
Auto Mode Scanning
When enabled:
Scans the entire range in small percentage steps (default 1.0%, adjustable down to 0.5%).
For each potential level, creates a thin volatility-adjusted zone (height % of price, default 0.07%).
Counts "valid hits": Instances where price touches the zone and holds (no break) for user-defined bars (default 10).
Break detection: Configurable "Close" (strict) or "Wick" (sensitive).
Assumes support/resistance direction based on close relative to zone center.
Level Selection and Filtering
Ranks candidates by hit count (highest first).
Applies minimum distance filter (% apart, default 8%) to avoid clustering.
Limits to user-defined max zones (default 9) for clean display.
Sorts final zones from low to high price.
Manual Mode Alternative
When auto disabled: Directly uses user-input percentages (e.g., classic Fibo levels like 23.6, 50, 61.8) applied to the range – no validation/scoring.
Zone Construction
Horizontal boxes centered on validated levels, with dynamic height (% of price).
Colored by position: Supply (above close, default light gray), Demand (below close, default cyan).
Optional full extension (both sides) or right-only.
Labeled with percentage from range low.
Dashboard and Visuals
Table (positionable) shows:
% Level, Exact Price, Hit Count (green if >3).
Header with validation details and lookback info.
Vertical line marks range start for reference.
How to Use
This scanner excels at finding statistically validated horizontal zones where price has shown respect – ideal for support/resistance, mean reversion, or breakout setups.
Auto Mode: Best for discovering hidden/non-obvious levels. Higher hit counts = stronger zones (expect reactions/retests).
Validation Bars: Increase (e.g., 20+) for stricter, higher-quality zones in trending markets; lower for more sensitive detection.
Min Distance: Higher % for fewer, separated zones; lower for denser grids.
Multi-Timeframe: Set target TF higher (e.g., Daily) for major structural levels on lower charts.
Supply Zones (Above Price): Potential resistance – shorts or take-profits.
Demand Zones (Below Price): Potential support – longs or stops below.
Confluence: Combine with volume, order blocks, or fibo for entries. Watch for multiple hits + confluence.
Manual Mode: Quick plotting of custom % (e.g., fibo retracements/extensions).
Fine-tune scan step smaller for precision (slower on large lookbacks) or larger for speed.
Disclaimer
This indicator is a technical analysis tool and should be used in conjunction with other forms of analysis. Past performance does not guarantee future results. Always use proper risk management.
RSI Ladder TP Strategy v1.0 Overview
This strategy is an RSI-based reversal entry system with a ladder-style take-profit mechanism.
It supports Long-only, Short-only, or Both directions and provides optional Average Entry Price, Stop Loss, and Take Profit reference lines on the chart.
Entry Rules
Long Entry: RSI crosses above the Oversold level (default: 20).
Short Entry: RSI crosses below the Overbought level (default: 80).
Optional: If enabled, the script will close the current position when an opposite signal appears before opening a new one.
Exit Rules (Ladder Take Profit)
Take profit is placed as a ladder using tpLevels and tpStepPct.
Example (default tpStepPct = 1%, tpLevels = 10):
TP1 at +1%, TP2 at +2%, … TP10 at +10% (relative to current average entry price).
Each TP level closes tpClosePct of the remaining position, meaning it scales out geometrically:
If tpClosePct = 50% → remaining position becomes 50%, then 25%, then 12.5%, etc.
Stop Loss
Optional stop loss is placed at slPct (%) away from the average entry price:
Long: avg * (1 - slPct%)
Short: avg * (1 + slPct%)
Visual Lines
Average Entry Price Line: current strategy.position_avg_price
Stop Loss Line: based on slPct
Next TP Line: shows the estimated next TP level based on current profit%
All TP Lines: optional (can clutter the chart)
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Recommended Use
This strategy is best used on markets with strong mean-reversion behavior.
For exchanges/bots that do not support hedge mode in a single strategy, run two separate instances:
One set to Long Only
One set to Short Only
TradingView Alert Adapter for AlgoWayTRALADAL is a universal TradingView alert adapter designed for traders who work with indicators and want to test and automate indicator-based signals in a structured way.
It allows users to convert indicator outputs into a TradingView strategy and forward the same logic through alerts for multi-platform execution via AlgoWay.
This script can be used as TradingView indicator automation, enabling traders to build a TradingView strategy from indicators and route TradingView alerts through an AlgoWay connector TradingView workflow for multi-platform execution.
Why this adapter is needed
Most TradingView indicators are not available as strategies.
Traders often receive visual signals or alerts but have no access to objective statistics such as win rate, drawdown, or profit factor.
This adapter solves that problem by providing a generic framework that transforms indicator signals into a backtestable strategy — without modifying indicator code and without requiring Pine Script knowledge.
Input source–based design (including closed indicators)
All conditions in TRALADAL are built using input sources, which means you can connect:
Event-based signals (1 / non-zero values, arrows, shapes)
Indicator lines and values (EMA, VWAP, RSI, MACD, etc.)
Outputs from invite-only or closed-source indicators
If an indicator produces a visible signal or alert-compatible output, it can be evaluated and tested using this adapter, even when the source code is locked.
Three-level signal logic
The strategy uses a three-layer condition model commonly applied in discretionary and systematic trading:
Signal — primary entry trigger
Confirmation — directional validation
Filter — additional noise reduction
Each level can be enabled independently and combined using AND / OR logic, allowing traders to test multi-indicator systems without writing complex scripts.
Risk management and alert execution
The adapter supports practical risk parameters:
Stop Loss (pips)
Take Profit (pips)
Trailing Stop (pips)
Two execution modes are available:
Strategy Mode — risk rules are applied inside the TradingView Strategy Tester
Alert Mode — risk parameters are embedded into structured TradingView alerts and handled by AlgoWay during execution
Position sizing follows TradingView conventions (percent of equity, cash, or contracts) to keep strategy results and alerts aligned.
Typical use cases
This TradingView alert adapter is intended for:
Indicator-based trading systems
Backtesting signals from closed or invite-only scripts
Comparing multiple indicators within a single strategy
Sending TradingView alerts to external trading platforms via AlgoWay
The adapter does not generate signals or trading recommendations.
Its purpose is to provide a transparent and testable workflow from indicator signals to TradingView alerts and automated execution.
VIX Percentile OscillatorWhat is this script?
This is a trading tool that helps you decide when to buy or sell options based on market volatility. Think of it as a "fear meter" for the stock market.
What is VIX?
VIX = Volatility Index (also called the "fear index")
When VIX is HIGH → Market is scared/volatile → Options are EXPENSIVE
When VIX is LOW → Market is calm → Options are CHEAP
What does "Percentile" mean?
Instead of just showing VIX price, this script shows where VIX is compared to history.
Example: If VIX Percentile = 85%
This means VIX is higher than 85% of all past readings
Only 15% of the time was VIX higher than now
Translation: Volatility is unusually HIGH
The 5 Trading Zones
The script divides the market into 5 zones:
🔴 EXTREME SELLING ZONE (90-100%)
VIX is in the top 10% historically
Action: AGGRESSIVELY SELL OPTIONS (collect big premiums)
Market panic = expensive options = profit for sellers
🟠 SELLING ZONE (80-89%)
VIX is elevated but not extreme
Action: SELL OPTIONS (good premiums available)
⚪ NEUTRAL ZONE (20-79%)
VIX is normal
Action: WAIT or use other strategies
🟢 BUYING ZONE (10-19%)
VIX is low
Action: BUY OPTIONS (they're cheap)
🟢 EXTREME BUYING ZONE (0-9%)
VIX is in the bottom 10% historically
Action: AGGRESSIVELY BUY OPTIONS (bargain prices)
Market complacency = cheap options = opportunity
Understanding the Chart
Main Line (Blue/Red/Green):
Shows current VIX percentile
Color changes based on zone
Thick line = easy to see
Histogram (Background bars):
Red bars = above 50% (high volatility)
Green bars = below 50% (low volatility)
Purple Momentum Line:
Shows if VIX is rising or falling
Helps you catch trends early
Background Colors:
Light red/orange = Selling zones
Light green = Buying zones
Triangle Markers:
Appear when entering new zones
"EXTREME" label = strongest signals
The Statistics Table (Top Right)
VIX Price: Current VIX value (e.g., 16.50)
Percentile: Where VIX ranks (0-100%)
Z-Score: Statistical measure
Above +2 or below -2 = extreme
Red text = unusually high/low
Momentum: Rate of change
Red = rising (volatility increasing)
Green = falling (volatility decreasing)
Avg VIX: Average VIX over lookback period
Current Zone: Which zone you're in right now
Bars in Zone: How long you've been in this zone
Simple Trading Rules
FOR OPTION SELLERS (Premium Collectors):
✅ SELL when: Percentile > 80% (especially > 90%)
High premiums available
Examples: Sell covered calls, cash-secured puts, credit spreads
FOR OPTION BUYERS (Hedgers/Speculators):
✅ BUY when: Percentile < 20% (especially < 10%)
Cheap options available
Examples: Buy protective puts, long calls, debit spreads
Key Settings You Can Adjust
Lookback Period (default: 252)
How far back to compare (252 = 1 year of trading days)
Longer = smoother, more stable
Shorter = more sensitive to recent changes
Smoothing Period (default: 3)
Reduces noise/wiggling
Higher = smoother line
Lower = more responsive
Zone Thresholds:
Extreme Sell: 90%
Sell: 80%
Buy: 20%
Extreme Buy: 10%
You can customize these!
Real-World Example
Scenario: VIX Percentile jumps to 92%
What this means:
VIX is higher than 92% of all past readings
Market is in panic mode
Option premiums are INFLATED
Trading Action:
✅ Sell covered calls on stocks you own
✅ Sell cash-secured puts on stocks you want to buy
✅ Sell credit spreads
❌ DON'T buy expensive options right now
Why it works: When fear is extreme, it usually calms down eventually. You profit as premiums deflate.
Important Reminders
⚠️ This is a TIMING tool, not a crystal ball
It tells you WHEN premiums are expensive/cheap
It doesn't tell you WHICH options to trade
You still need proper risk management
⚠️ Works on ALL timeframes
Daily charts = swing trading
Weekly charts = position trading
Intraday charts = day trading volatility
⚠️ Best for:
Option sellers during high VIX (>80%)
Option buyers during low VIX (<20%)
Portfolio hedging decisions
Volatility trading strategies
Bottom Line: This script helps you buy options when they're cheap and sell options when they're expensive. It's like shopping for sales, but for volatility!
DISCLAIMER: This information is provided for educational purposes only and should not be considered financial, investment, or trading advice. Please do boost if you like it. Happy Trading.
Volume PressureVolume Pressure
Volume Pressure is a volume-flow based oscillator designed to visualize relative buying and selling pressure using a refined Volume Flow Index (VFI) methodology. The indicator evaluates how volume behaves in relation to price movement and volatility, and presents this information as a smooth flow line with adaptive color intensity for easier interpretation.
What the Indicator Shows
Volatility-filtered volume participation
Directional volume flow derived from price change
A smoothed flow line with dynamic color intensity
A signal line for visual reference
The flow line is layered to enhance visibility, making it easier to read on dark chart backgrounds and smaller panels.
How to Read It
Flow Line: Represents relative volume pressure
Above zero: positive pressure
Below zero: negative pressure
Color Intensity:
Brighter colors indicate stronger relative pressure
Faded colors indicate weaker or neutral pressure
Signal Line: A smoothed reference of flow behavior
Usage Notes
Designed as a visual analysis and confirmation tool
Can be used across intraday and higher timeframes
Best used alongside price action, trend, or structure analysis
Disclaimer
This indicator is for analytical and educational purposes only.
It does not provide buy or sell signals and does not imply future performance.
TZ - India VIX Volatility ZonesTZ – India VIX Volatility Zones is a long-term volatility analysis indicator designed to visually map important India VIX regimes using clearly defined horizontal zones and labels.
The indicator highlights how market volatility cycles between complacency, normal conditions, elevated risk, and panic phases. These zones are based on historical behavior of India VIX and help traders understand when risk is underpriced or overstretched.
This tool is especially useful for:
Index traders
Options sellers and buyers
Risk management and regime filtering
Long-term volatility study
How It Works
The script plots static, historically significant volatility zones on the India VIX chart and visually separates them using shaded bands and labels.
Volatility Zones Explained
1.Extreme Low Volatility (VIX 8–10)
Indicates market complacency and underpriced risk. Often precedes volatility expansion.
2.Low Volatility (VIX 10–13)
Stable market conditions with controlled movement.
3.Normal Volatility (VIX 13–18)
Healthy market behavior and balanced risk.
4.High Volatility (VIX 18–25)
Rising uncertainty and increased intraday swings.
5.Panic Zone (VIX 25–35+)
High fear environment, usually during major events or crises.
How Traders Can Use This Indicator
Identify volatility regimes before choosing option strategies
Avoid aggressive short-volatility trades during extreme zones
Prepare for volatility expansion during low-VIX phases
Use as a market risk context tool alongside price action
This indicator does not provide buy/sell signals. It is designed for contextual analysis and decision support.
Best Usage
Apply on India VIX (NSE:INDIAVIX)
Works best on Weekly and Monthly timeframes
Can be combined with index charts for volatility-based risk assessment
Disclaimer
This indicator is for educational and analytical purposes only.
It does not constitute financial advice or trade recommendations.
Users should apply proper risk management and confirm signals using additional analysis.
Fractal Swing Levels📊 Fractal Swing Levels — Indicator Description
Fractal Swing Levels is a lightweight, visual indicator that plots historical swing high and swing low reference levels using Williams Fractal logic. The indicator helps traders visually identify areas where price previously formed confirmed pivots. These levels can be used as contextual reference zones when analyzing price structure and market behavior.
🔍 What the Indicator Does
Detects confirmed swing highs and swing lows using a configurable fractal length. Draws horizontal levels at those swing points. Extends the levels to the right for ongoing visual reference. Limits the number of displayed levels to keep the chart clean
🎨 Visual Elements
Red lines represent historical swing high levels
Green lines represent historical swing low levels
These lines are drawn only after fractal confirmation and represent past price structure, not future projections.
⚙️ Settings Explained
Fractal Length : Controls how significant a swing must be to qualify as a level.
Higher values → fewer, more prominent levels
Lower values → more frequent levels
Max Levels Per Side : Limits how many swing high and swing low levels are displayed at one time, helping reduce chart clutter.
📈 How to Use
Use the levels as visual reference points for structure analysis. Combine with trend tools, moving averages, or other technical indicators. Useful across intraday, swing, and positional timeframes. This indicator is best used as a contextual aid, not as a standalone decision tool.
⚠️ Important Notes
This is a visual analysis tool only. It does not generate buy or sell signals. It does not predict future price movement. Levels are based solely on confirmed historical price data
🎯 Summary
Fractal Swing Levels provides a clean and minimal way to visualize historical swing structure on the chart, helping traders better understand where price has previously reacted.
HTF Accumulation Distribution Zones (Analysis)📌 Indicator Name
HTF Accumulation–Distribution Zones (Analysis)
This indicator highlights potential accumulation and distribution contexts on the price chart using a combination of volume behavior, volatility (ATR), momentum, and VWAP positioning.The script is designed to help traders understand market participation and positioning, especially on higher intraday and swing timeframes, where institutional activity tends to leave clearer footprints.
🔍 What the indicator shows
ACC (Accumulation) : Marks areas where controlled buying activity may be present, identified through:
Strong candle structure relative to volatility
Healthy or controlled volume participation
Improving momentum within defined ranges
DIST (Distribution) : Marks areas where selling pressure may be emerging, identified through:
Price stretching away from VWAP
Weakening momentum
Strong bearish candle structure
These labels represent contextual zones, not trade signals.
🧠 How to use it
Use ACC and DIST labels as market context, not as direct buy or sell instructions.
Best used as a confirmation layer alongside:
Trend filters (EMA, VWAP, structure)
Support & resistance
Breakout or pullback strategies
Works well on 15-minute, 30-minute, 1-hour, and higher timeframes
Suitable for indices, futures, and liquid stocks
⚠️ Important Notes
This indicator does not generate buy or sell signals. It does not predict future price movement. All outputs are based purely on historical data analysis. Always apply independent confirmation and proper risk management
Trend Regime Bands (EMA 50 / 150 / 200)📘 Trend Regime Bands – EMA 50·150·200
Overview
Trend Regime Bands is a visual trend-context indicator designed to help users quickly understand whether the market is in a bullish or bearish regime. The indicator uses the alignment of EMA 50, EMA 150, and EMA 200 to determine overall trend direction, while additional EMAs are used only to create color-based bands for visual context. No buy or sell signals are generated.
How Trend Direction Is Determined
Trend direction is derived exclusively from the relative positioning of: EMA 50 (short-term trend) , EMA 150 (medium-term trend) , EMA 200 (long-term trend) . Bullish regime: EMA 50 ≥ EMA 150 ≥ EMA 200 . Bearish regime: EMA 50 < EMA 150 < EMA 200. These three EMAs act as the decision framework for the indicator.
What the Color Bands Represent : The indicator displays two visual bands on the chart:
Fast Band (Momentum Context) - Built using faster EMAs, Represents short-term momentum and pullback behavior. Brighter color intensity reflects stronger momentum
Slow Band (Regime Context) - Built using slower EMAs. Represents broader trend structure and regime stability.Deeper color intensity reflects stronger trend alignment
The color of both bands follows the trend direction determined by EMA 50/150/200:
Green shades indicate a bullish regime. Red shades indicate a bearish regime. Color intensity increases or decreases smoothly based on trend strength.
How to Use This Indicator
Use the bands to understand market context, not as entry or exit signals. Strong, bright bands suggest a well-established trend. Lighter bands indicate weaker or transitioning trends. The indicator works across intraday, swing, and higher timeframes. This tool is best used alongside price action, support/resistance, or other confirmation methods.
Important Notes
This indicator does not provide buy or sell signals. It does not predict future price movement. It is intended solely as a visual trend-regime and context tool
Summary
Trend Regime Bands offers a clean, distraction-free way to visualize bullish and bearish market regimes using EMA structure and color intensity, helping traders maintain directional awareness and discipline.
Supply & Demand Zones (Volume-Based)📌 Supply & Demand Zones (Volume-Based) — Indicator Description
Overview
This indicator visually highlights potential supply and demand price zones using historical candle structure combined with relative volume behavior.The zones are intended to help users observe areas of increased market activity where price has previously reacted. This tool is designed for visual analysis only.
How the Zones Are Identified
Demand zones are highlighted when price shows a strong bullish reaction following a bearish candle.Supply zones are highlighted when price shows a strong bearish reaction following a bullish candle.Relative volume is used as context, not as a predictive input, to classify zones into higher or lower activity levels.Zones automatically invalidate when price structurally breaks them.
About the Percentage Display
The percentage shown on a zone represents normalized relative volume strength at the time the zone was formed.This value is not a probability, not a success rate, and not a performance metric.It should not be interpreted as a prediction or trading signal.Percentages are displayed only for active zones and are removed once a zone is invalidated.
How This Indicator Is Intended to Be Used
As a visual reference tool for identifying historical supply and demand areas.As a contextual overlay alongside other forms of technical analysis.To observe how price behaves when revisiting previously active zones.This indicator does not suggest trade direction, entry timing, or exit levels.
Important Notes & Limitations
All zones are derived from historical price and volume data.Market conditions change, and historical zones may lose relevance over time.No trading decisions should be made based solely on this indicator.Users are encouraged to apply their own analysis and risk management.
Disclaimer
This indicator is provided for educational and informational purposes only.It does not constitute trading, investment, or financial advice.The author assumes no responsibility for decisions made using this tool.
Custom Psych Levels V1.0 Theo SignalDesigned for Index Traders (US30, NAS100, SPX, etc.)
This script is especially effective on indices such as US30, where price reacts strongly to round numbers and psychological zones. By default, levels adapt to index volatility and scale, making them ideal for:
intraday bias
pullback reactions
breakout continuation
mean reversion back to balance
Key Features
Rolling 5-Level Structure: Always centered on current price, no chart clutter.
Market- Aware Magnitude: Automatically adjusts spacing for indices, forex, and crypto.
Higher- Timeframe Anchoring: Optionally anchor levels to 1H, 4H, or Daily closes while trading lower timeframes like 5m.
Session & Daily Resets: Re-anchor levels at New York session open or new trading day.
Center Line Emphasis: Highlight the equilibrium level with custom color, thickness, and style for balance or decision-making.
Clean Professional Display: Only relevant levels near price are shown.
Trading Use Cases
This indicator is best used as a framework, not a signal generator. It excels when combined with:
momentum confirmation
liquidity sweeps
volume expansion
break-and-retest structures
session highs/lows
Traders can use the center line as balance, outer levels as reaction or target zones, and band shifts as confirmation of expanding price acceptance.
15M Swing Sweep Lines + SMT (ES vs NQ)15M Swing Sweep Lines (NY Killzones)Visualize liquidity sweeps of 15-minute swing highs/lows exclusively during high-impact London & New York killzones.This ICT-inspired indicator detects when price sweeps (wicks beyond) the most recent confirmed 15-minute swing high or low — classic signs of liquidity raids or stop hunts — but only if the sweep happens during key "killzone" sessions where institutional activity is typically highest.Key Features15M Swing Detection: Uses confirmed pivot highs/lows (length 2) on the 15-minute timeframe for reliable structure points.
Killzone Filters (New York time):London Killzone: 3:00 AM – 4:59 AM
New York Killzone: 9:30 AM – 10:59 AM (captures the high-volatility NY open overlap)
Sweep Visualization:Bearish Sweep (high > last 15M swing high): Thick red horizontal line from the swing point to the sweep bar.
Bullish Sweep (low < last 15M swing low): Thick green horizontal line from the swing point to the sweep bar.
Lines use xloc.bar_time for precise placement and extend only to the bar where the sweep occurs.
No duplicates: Prevents multiple lines for the same swing sweep.
Non-repainting logic with lookahead_off for clean, trustworthy signals.
Why Killzones MatterMany ICT/SMC traders focus on these windows because they often feature aggressive manipulation, equal highs/lows sweeps, and the setup for strong directional moves. This tool helps you instantly spot when buy-side or sell-side liquidity has been raided on the 15M structure during these prime times.Ideal ForConfirming potential reversals or inducements after liquidity grabs.
Adding confluence to entries during London or NY sessions.
Futures traders (ES, NQ, etc.) looking for clean visual cues of smart money engineering.
Lightweight, overlay-friendly, and focused — add it to your chart for clearer insight into 15M liquidity sweeps when it matters most. Perfect companion for killzone-based strategies!
tncylyv - Improved Delta Volume BubbleThis script is a specialized modification and structural upgrade of the excellent "Delta Volume Bubble " by tncylyv.
While the original tool provided a fantastic foundation for statistical volume analysis, this "Zero Float" Edition was built to solve specific visual challenges faced by active traders—specifically the issue of indicators "floating" or disconnecting from price when zooming in on lower timeframes.
The Straight Improvements
This version turns a "Signal Indicator" into a complete "Trading System" with five specific upgrades:
1. Visual Stability (The "Zero Float" Fix)
Original: Used complex coordinates that could desynchronize, causing bubbles to drift or float away from candles on fast charts (1m/5m).
My Upgrade: Implemented "Magnetic Anchoring." Labels and bubbles are now physically locked to the candle wicks. They never drift, overlap, or float, no matter how much you zoom or resize the chart.
2. Cognitive Load (The HUD)
Original: Displayed raw numbers inside colored circles, requiring you to memorize color codes.
My Upgrade: Replaced numbers with Semantic Text Labels (e.g., "ABSORB", "SQUEEZE", "MOMENTUM"). You can read the market intent instantly without decoding it.
3. Regime Adaptation (AI Engine)
Original: Used a fixed threshold (e.g., Z-Score > 2.0).
My Upgrade: Added an Adaptive Learning Window. The script scans recent volatility to automatically raise the threshold during choppy markets (filtering noise) and lower it during quiet sessions (catching subtle entries).
4. Market Memory (Smart Structure)
Original: Signals disappeared into history.
My Upgrade: Draws Support/Resistance Rails extending from major volume events. This helps you visualize exactly where institutions are defending their positions.
5. Robust Data Handling
My Upgrade: Added a Hybrid Fallback Engine. If granular 1-minute data isn't available (e.g., on historical charts), the script seamlessly switches to an estimation model so the indicator never "breaks" or disappears.
Core Logic
Z-Score Normalization: We don't look at raw volume; we look at statistical anomalies (Standard Deviations).
Absorption: Detects "Effort vs. Result"—high volume with tiny price movement (Trapped Traders).
Squeeze: Highlights areas where a breakout is imminent due to volatility compression.
Credits
Original Concept & Code: tncylyv (Delta Volume Bubble ). This script would not exist without his brilliant groundwork.
Modifications: Visual Anchoring, HUD Text System, AI Thresholding, and Structure Rails added in this edition.
This script is open-source to keep the spirit of the original author alive. Use it to understand the "Why" behind the move.
Kalman Hull Kijun [BackQuant]Kalman Hull Kijun
A trend baseline that merges three ideas into one clean overlay, Kalman filtering for noise control, Hull-style responsiveness, and a Kijun-like Donchian midline for structure and bias.
Context and lineage
This indicator sits in the same family as two related scripts:
Kalman Price Filter
This is the foundational building block. It introduces the Kalman filter concept, a state-estimation algorithm designed to infer an underlying “true” signal from noisy measurements, originally used in aerospace guidance and later adopted across robotics, economics, and markets.
Kalman Hull Supertrend
This is the original script made, which people loved. So it inspired me to create this one.
Kalman Hull Kijun uses the same core philosophy as the Supertrend variant, but instead of building a Supertrend band system, it produces a single structural baseline that behaves like a Kijun-style reference line.
What this indicator is trying to solve
Most trend baselines sit on a bad trade-off curve:
If you smooth hard, the line reacts late and misses turns.
If you react fast, the line whipsaws and tracks noise.
Kalman Hull Kijun is designed to land closer to the middle:
Cleaner than typical fast moving averages in chop.
More responsive than slow averages in directional phases.
More “structure aware” than pure averages because the baseline is range-derived (Kijun-like) after filtering.
Core idea in plain language
The plotted line is a Kijun-like baseline, but it is not built from raw candles directly.
High level flow:
Start with a chosen price stream (source input).
Reduce measurement noise using Kalman-style state estimation.
Add Hull-style responsiveness so the filtered stream stays usable for trend work.
Build a Kijun-like baseline by taking a Donchian midpoint of that filtered stream over the base period.
So the output is a single baseline that is intended to be:
Less jittery than a simple fast MA.
Less laggy than a slow MA.
More “range anchored” than standard smoothing lines.
How to read it
1) Trend and bias (the primary use)
Price above the baseline, bullish bias.
Price below the baseline, bearish bias.
Clean flips across the baseline are regime changes, especially when followed by a hold or retest.
2) Retests and dynamic structure
Treat the baseline like dynamic S/R rather than a signal generator:
In uptrends, pullbacks that respect the baseline can act as continuation context.
In downtrends, reclaim failures around the baseline can act as continuation context.
Repeated back-and-forth around the line usually means compression or chop, not clean trend.
3) Extension vs compression (using the fill)
The fill is meant to communicate “distance” and “pressure” visually:
Large separation between price and baseline suggests expansion.
Price compressing into the baseline suggests rebalancing and decision points.
Inputs and what they change
Kijun Base Period
Controls the structural memory of the baseline.
Higher values track broader swings and reduce flips.
Lower values track tighter swings and react faster.
Kalman Price Source
Defines what data the filter is estimating.
Close is usually the cleanest default.
HL2 often “feels” smoother as an average price.
High/Low sources can become more reactive and less stable depending on the market.
Measurement Noise
Think of this as the main smoothness knob:
Higher values generally produce a calmer filtered stream.
Lower values generally produce a faster, more reactive stream.
Process Noise
Think of this as adaptability:
Higher values adapt faster to changing conditions but can get twitchy.
Lower values adapt slower but stay stable.
Plotting and UI (what you see on chart)
1) Adaptive line coloring
Baseline turns bullish color when price is above it.
Baseline turns bearish color when price is below it.
This makes the state readable without extra panels.
2) Gradient “energy” fill
Bull fill appears between price and baseline when above.
Bear fill appears between price and baseline when below.
The goal is clarity on separation and control, not decoration.
3) Rim effect
A subtle band around price that only appears on the active side.
Helps highlight directional control without hiding candles.
4) Candle painting (optional)
Candles can be colored to match the current bias.
Useful for scanning many charts quickly.
Disable if you prefer raw candles.
Alerts
Long state alert when price is above the baseline.
Short state alert when price is below the baseline.
Best used as a bias or regime notification, not a standalone entry trigger.
Where it fits in a workflow
This is a context layer, it pairs well with:
Market structure tools, BOS/MSB, OBs, FVGs.
Momentum triggers that need a regime filter.
Mean reversion tools that need “do not fade trends” context.
Limitations
No baseline eliminates chop whipsaws, tuning only manages the trade-off.
Settings should not be copy pasted across assets without checking behavior.
This does not forecast, it estimates and smooths state, then expresses it as a structural baseline.
Disclaimer
Educational and informational only, not financial advice.
Not a complete trading system.
If you use it in any trading workflow, do proper backtesting, forward testing, and risk management before any live execution.
Buying Opportunity Score V2.2Buying Opportunity Indicator V2.2
What This Indicator Does
This indicator identifies potential buying opportunities during market fear and pullbacks by combining multiple technical signals into a single composite score (0-100). Higher scores indicate more fear/oversold conditions are present simultaneously.
Why These Components?
Market bottoms typically occur when multiple fear signals align. This indicator combines five complementary measurements that each capture different aspects of market stress:
1. VIX Level (30 points) - Measures implied volatility/fear. VIX spikes during selloffs as traders buy protection. Thresholds based on historical percentiles (VIX 25+ is ~85th percentile historically).
2. Price Drawdown (30 points) - Distance from 52-week high. Larger drawdowns create better risk/reward for mean reversion entries. A 10%+ drawdown from highs historically presents better entry points than buying at all-time highs.
3. RSI 14 (12 points) - Classic momentum oscillator measuring oversold conditions. RSI below 30 indicates short-term selling exhaustion.
4. Bollinger Band Position (13 points) - Statistical measure of price extension. Price below the lower band (2 standard deviations) indicates statistically unusual weakness.
5. VIX Timing (15 points) - Bonus points when VIX is declining from a recent peak. This helps avoid catching falling knives by waiting for fear to subside.
How The Score Works
- Each component contributes points based on severity
- Components are weighted by predictive value from historical analysis
- Score of 70+ means multiple fear signals are present
- Score of 80+ means extreme fear across most components
How To Use
1. Apply to SPY, QQQ, or IWM on daily timeframe
2. Monitor the Current Score in the statistics table
3. Scores below 50 = normal conditions, no action needed
4. Scores 60-69 = elevated fear, monitor closely
5. Scores 70+ = consider entering long positions
6. Scores 80+ = strongest historical entry points
Important Limitations
- This is a research tool, not financial advice
- Past patterns may not repeat in the future
- Signals are infrequent (typically 2-4 per year reaching 70+)
- Works best on broad market ETFs; not validated for individual stocks
- Always use proper position sizing and risk management
- The indicator identifies conditions that have historically been favorable, but cannot predict future returns
Statistics Table
The table shows:
- Current Score with context message
- Chart Results: Rolling 1Y/3Y/5Y statistics from your loaded chart data
Alerts
Multiple alert options available for different score thresholds.
Open Source
Code is fully visible for review and educational purposes.
ATR-Normalized VWMA DeviationThis indicator measures how far price deviates from the Volume-Weighted Moving Average ( VWMA ), normalized by market volatility ( ATR ). It identifies significant price reversal points by combining price structure and volatility-adjusted deviation behavior.
The core idea is to use VWMA as a dynamic trend anchor, then measure how far price travels away from it relative to recent volatility . This helps highlight when price has stretched too far and may be due for a reversal or pullback.
How it works:
VWMA deviation is calculated as the difference between price and the VWMA.
That deviation is divided by ATR (Average True Range) to normalize for current volatility.
The script tracks the highest and lowest normalized deviations over the chosen lookback period.
It also tracks price structure (highest/lowest highs/lows) over the same period.
A reversal signal is generated when a historical extreme in deviation aligns with a price structure extreme, and a confirmed reversal candle forms.
You get visual signals and color highlights where these conditions occur.
Settings explained:
Lookback period defines how many bars the script uses to find recent extremes.
ATR length controls how volatility is measured.
VWMA length controls how the volume-weighted moving average is calculated.
Signal filters help refine entries based on price vs deviation behavior.
Display options let you customize how signals and levels appear on the chart.
This indicator is especially useful for spotting potential turning points where price has moved far from VWMA relative to volatility, suggesting possible exhaustion or overextension.
Tips for use:
Combine with broader trend context (higher timeframe support/resistance).
Use with risk management rules (position sizing, stops) — signals are guides, not guaranteed entries.
Adjust lookback and ATR settings based on your trading timeframe and asset volatility.
