OPEN-SOURCE SCRIPT

Market Potential Estimator

58
What this indicator shows

This indicator measures how much potential movement the market still has, not direction.

It answers the question:
“Does the market still have room to move, or is it already exhausted?”

Red zone (Low potential)
Exhaustion / slowdown zone.
The market has used most of its available range.
Expect:
consolidation
pullbacks
reduced follow-through

⚠️ Red does NOT mean reversal

How to use it correctly
Use it as a filter, not a trigger
Avoid opening new trades in red zones
Reduce targets when potential is low
Combine with:
direction/bias
momentum
structure

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.