Market Energy & Direction DashboardMarket Energy & Direction Dashboard - Daytrading
Overview
A comprehensive real-time market internals dashboard that combines NYSE TICK, NYSE Advance-Decline (ADD) momentum, VIX direction, and relative volume into a single visual traffic light system with intelligent signal synthesis. Designed for active daytraders who need instant confirmation of market direction and energy based on momentum alignment across all major internals.
What It Does
This indicator synthesizes multiple market internals using directional momentum analysis rather than static thresholds to provide clear, actionable signals:
• Traffic Light System: Single glance confirmation of market state
o Bright Green: Maximum bullish - all internals aligned (TICK + ADD rising + VIX falling + volume)
o Bright Red: Maximum bearish - all internals aligned (TICK + ADD falling + VIX rising + volume)
o Yellow: Exhaustion warning - TICK at extremes, potential reversal imminent
o Moderate Colors: Partial alignment - some confirmation but not complete
o Gray: Choppy, neutral, or conflicting signals
• Real-Time Dashboard displays:
o Current TICK value with exhaustion warnings
o Current ADD with directional momentum indicator (↑ rising = breadth improving, ↓ falling = breadth deteriorating, ± compression)
o VIX level with directional indicator (↓ declining = bullish, ↑ rising = bearish, ± compression = neutral)
o Relative volume (current vs 20-period average)
o Composite status message synthesizing all data into clear directional summary
Key Features
✓ Momentum-based analysis - all indicators show direction/change, not just levels ✓ Intelligent signal hierarchy from "Maximum" to "Moderate" based on internal alignment ✓ ADD directional momentum - catches breadth shifts early, works in all market conditions ✓ VIX directional analysis - shows if fear is increasing, decreasing, or stagnant ✓ Color-coded traffic light for instant decision making ✓ Detects TICK/ADD divergences (conflicting signals = caution) ✓ Exhaustion warnings at extreme TICK levels (±1000+) ✓ Composite status messages - "Maximum Bull", "Strong Bull", "Moderate Bull", etc. ✓ Customizable thresholds for all parameters ✓ Moveable dashboard (9 position options) ✓ Built-in alerts for all signal strengths, exhaustion, and divergences
How To Use
Setup:
1. Add indicator to your main trading chart (SPY, ES, NQ, etc.)
2. Default settings work well for most traders, but you can customize:
o TICK Extreme Level (default 1000)
o ADD Compression Threshold (default 100 - detects when breadth is stagnant)
o VIX Elevated Level (default 20)
o VIX Compression Threshold (default 2% - detects low volatility)
o Volume Threshold (default 1.5x average)
3. Position dashboard wherever convenient on your chart
Reading The Signals:
Signal Hierarchy (Strongest to Weakest):
MAXIMUM SIGNALS ⭐ (Brightest colors - All 4 internals aligned)
• "✓ MAXIMUM BULL": TICK bullish + ADD rising (↑) + VIX falling (↓) + Volume elevated
o This is the holy grail setup - all momentum aligned, highest conviction longs
• "✓ MAXIMUM BEAR": TICK bearish + ADD falling (↓) + VIX rising (↑) + Volume elevated
o Perfect storm bearish - all momentum aligned, highest conviction shorts
STRONG SIGNALS (Bright colors - Core internals aligned)
• "✓ STRONG BULL": TICK bullish + ADD rising (↑)
o Strong confirmation even without VIX/volume - breadth supporting the move
• "✓ STRONG BEAR": TICK bearish + ADD falling (↓)
o Strong confirmation - both momentum and breadth deteriorating
MODERATE SIGNALS (Faded colors - Partial confirmation)
• "MODERATE BULL": TICK bullish but ADD not confirming direction
o Proceed with caution - momentum present but breadth questionable
• "MODERATE BEAR": TICK bearish but ADD not confirming direction
o Proceed with caution - selling but breadth not fully participating
WARNING SIGNALS
• "⚠ EXHAUSTION" (Yellow): TICK at ±1000+ extremes
o Potential reversal zone - prepare to fade or take profits
o Often marks blow-off tops or capitulation bottoms
NEUTRAL/AVOID
• "CHOPPY/NEUTRAL" (Gray): Conflicting signals or low conviction
o Stay out or reduce size significantly
Individual Indicator Interpretation:
TICK:
• Green: Bullish momentum (>+300)
• Red: Bearish momentum (<-300)
• Yellow: Exhaustion (±1000+)
• Gray: Neutral
ADD (Advance-Decline):
• Green (↑): Breadth improving - more stocks participating in the move
• Red (↓): Breadth deteriorating - fewer stocks participating
• Gray (±): Breadth stagnant - no clear participation trend
VIX:
• Green (↓): Fear declining - healthy environment for rallies
• Red (↑): Fear rising - risk-off mode, supports downward moves
• Gray (±): Volatility compression - often precedes explosive moves
Volume:
• Green: High conviction (>1.5x average)
• Gray: Low conviction
Trading Strategy:
1. Wait for "MAXIMUM" or "STRONG" signals for highest probability entries
o Maximum signals = go full size with confidence
o Strong signals = good conviction, normal position sizing
2. Confirm directional alignment:
o For longs: Want ADD ↑ (rising) and VIX ↓ (falling)
o For shorts: Want ADD ↓ (falling) and VIX ↑ (rising)
3. Use exhaustion warnings (yellow) to:
o Take profits on existing positions
o Prepare counter-trend entries
o Tighten stops
4. Avoid "MODERATE" signals unless you have strong conviction from other analysis
o These work best as confirmation for existing setups
o Not strong enough to initiate new positions alone
5. Never trade "CHOPPY/NEUTRAL" signals
o Gray means stay out - preserve capital
o Wait for clear alignment
6. Watch for divergences:
o Price making new highs but ADD ↓ (falling) = distribution warning
o Price making new lows but ADD ↑ (rising) = potential bottom
o Divergence alert will notify you
Best Practices:
• Use on 1-5 minute charts for daytrading
• Combine with your price action or technical setup (support/resistance, trendlines, patterns)
• The dashboard confirms when to take your setup, not what setup to take
• Most effective during regular market hours (9:30 AM - 4:00 PM ET) when volume is present
• The strongest edge comes from "MAXIMUM" signals - wait for these for best risk/reward
• Pay special attention to ADD direction - it's the most predictive breadth indicator
• VIX compression (gray ±) often signals upcoming volatility expansion - prepare for bigger moves
Customization Option
All thresholds are adjustable in settings:
• TICK Extreme: Higher = fewer exhaustion warnings (try 1200-1500 for less sensitivity)
• ADD Compression Threshold: Change detection sensitivity
o Default 100 = balanced
o Lower (50) = more sensitive to small breadth changes
o Higher (200-300) = only shows major breadth shifts
• VIX Elevated: Adjust for current volatility regime (15-25 typical range)
• VIX Compression Threshold:
o Default 2% = balanced
o Lower (0.5-1%) = catches subtle VIX changes
o Higher (3-5%) = only shows significant VIX moves
• Volume Threshold: Lower for quieter stocks/times, higher for more confirmation
Alerts Available
• Maximum Bullish: All 4 internals aligned bullish (TICK + ADD↑ + VIX↓ + Volume)
• Maximum Bearish: All 4 internals aligned bearish (TICK + ADD↓ + VIX↑ + Volume)
• Strong Bullish: TICK bullish + ADD rising
• Strong Bearish: TICK bearish + ADD falling
• Exhaustion Warning: TICK at extreme levels
• Divergence Warning: TICK and ADD directions conflicting
Understanding the Signal Synthesis
The indicator uses intelligent logic to combine all internals:
"MAXIMUM" Signals require:
• TICK direction (bullish/bearish)
• ADD momentum (rising/falling) in same direction
• VIX direction (falling for bulls, rising for bears)
• Volume elevated (>1.5x average)
"STRONG" Signals require:
• TICK direction (bullish/bearish)
• ADD momentum (rising/falling) in same direction
• (VIX and volume are bonuses but not required)
"MODERATE" Signals:
• TICK showing direction
• But ADD not confirming or contradicting
• Weakest actionable signal
This hierarchy ensures you know exactly how much conviction the market has behind any move.
Technical Details
• Pulls real-time data from NYSE TICK (USI:TICK), NYSE ADD (USI:ADD), and CBOE VIX
• ADD direction calculated using bar-to-bar change with compression detection
• VIX direction calculated using bar-to-bar percentage change
• Volume calculation uses 20-period simple moving average
• Dashboard updates every bar
• No repainting - all calculations based on closed bar data
Who This Is For
• Active daytraders of stocks, futures (ES/NQ), and options
• Scalpers needing quick directional confirmation with multiple internal alignment
• Swing traders looking to time intraday entries with maximum confluence
• Volatility traders who monitor VIX behavior
• Market makers and professionals who trade based on breadth and internals
• Anyone who monitors market internals but wants intelligent synthesis vs raw data
Tips For Success
Trading Philosophy:
• Quality over quantity - wait for "MAXIMUM" signals for best results
• One "MAXIMUM" signal trade is worth five "MODERATE" signal trades
• Gray/neutral is not a sign of missing opportunity - it's protecting your capital
Signal Confidence Levels:
1. MAXIMUM (95%+ confidence) - Trade these aggressively with full size
2. STRONG (80-85% confidence) - Trade these with normal position sizing
3. MODERATE (60-70% confidence) - Only if confirmed by strong technical setup
4. CHOPPY/NEUTRAL - Do not trade, wait for clarity
Advanced Techniques:
• Breadth divergences: Watch for price making new highs while ADD shows ↓ (falling) = major warning
• VIX/Price divergences: Rallies with rising VIX (↑) are usually false moves
• Volume confirmation: "MAXIMUM" signals with 2x+ volume are the absolute best
• Compression zones: When both ADD and VIX show compression (±), expect explosive breakout soon
• Sequential signals: Back-to-back "MAXIMUM" signals in same direction = strong trending day
Common Patterns:
• Opening surge with "MAXIMUM BULL" that shifts to "EXHAUSTION" (yellow) = fade the high
• Selloff with "MAXIMUM BEAR" followed by ADD ↑ (rising) divergence = potential reversal
• Choppy morning followed by "MAXIMUM" signal afternoon = best trending opportunity
Example Scenarios
Perfect Bull Entry:
• Bright green signal box
• TICK: +650
• ADD: +1200 (↑)
• VIX: 18.30 (↓)
• Volume: 2.3x
• Status: "✓ MAXIMUM BULL" → ALL SYSTEMS GO - Take aggressive long positions
Strong Bull (Good Confidence):
• Green signal box (slightly less bright)
• TICK: +500
• ADD: +800 (↑)
• VIX: 19.50 (±)
• Volume: 1.2x
• Status: "✓ STRONG BULL" → Good long setup - breadth confirming even without VIX/volume
Caution Bull (Moderate):
• Faded green signal box
• TICK: +400
• ADD: +900 (↓)
• VIX: 20.10 (↑)
• Volume: 0.9x
• Status: "MODERATE BULL" → CAUTION - TICK bullish but breadth deteriorating and VIX rising = weak rally
Exhaustion Warning:
• Yellow signal box
• TICK: +1350 ⚠
• ADD: +2100 (↑)
• VIX: 17.20 (↓)
• Volume: 1.8x
• Status: "⚠ EXHAUSTION" → Take profits or prepare to fade - TICK overextended despite good internals
Divergence Setup (Potential Reversal):
• Faded green signal
• TICK: +300
• ADD: +1800 (↓)
• VIX: 21.50 (↑)
• Volume: 1.6x
• Status: "MODERATE BULL" → WARNING - Price rallying but breadth collapsing and fear rising = distribution
Perfect Bear Entry:
• Bright red signal box
• TICK: -780
• ADD: -1600 (↓)
• VIX: 24.80 (↑)
• Volume: 2.5x
• Status: "✓ MAXIMUM BEAR" → Perfect short setup - all momentum bearish with conviction
Compression (Wait Mode):
• Gray signal box
• TICK: +50
• ADD: -200 (±)
• VIX: 16.40 (±)
• Volume: 0.7x
• Status: "CHOPPY/NEUTRAL" → STAY OUT - Volatility compression, no conviction, await breakout
Performance Optimization
Best Market Conditions:
• Works excellent in trending markets (up or down)
• Particularly powerful during high-volume sessions (first/last hours)
• "MAXIMUM" signals most reliable during 9:45-11:00 AM and 2:00-3:30 PM ET
Less Effective During:
• Lunch period (11:30 AM - 1:30 PM) - lower volume reduces signal quality
• Low-volatility environments - compression signals dominate
• Major news events in first 5 minutes - wait for internals to stabilize
Recommended Use Cases:
• Scalping: Trade only "MAXIMUM" signals for quick 5-15 minute moves
• Daytrading: Use "MAXIMUM" and "STRONG" signals for position entries
• Swing entries: Use "MAXIMUM" signals for optimal intraday entry timing
• Exit timing: Use "EXHAUSTION" (yellow) warnings to take profits
________________________________________
Pro Tip: Create a dedicated workspace with this indicator on SPY/ES/NQ charts. Set alerts for "MAXIMUM BULL", "MAXIMUM BEAR", and "EXHAUSTION" signals. Most professional traders only trade the "MAXIMUM" setups and ignore everything else - this alone can dramatically improve win rates.
Motifs graphiques
bows//@version=5
indicator("NQ EMA+RSI+ATR Alerts with SL/TP", overlay=true, shorttitle="NQ Alerts SLTP")
// === Inputs ===a
fastLen = input.int(9, "Fast EMA", minval=1)
slowLen = input.int(21, "Slow EMA", minval=1)
rsiLen = input.int(14, "RSI Length", minval=1)
rsiLongMax = input.int(70, "Max RSI to allow LONG", minval=50, maxval=90)
rsiShortMin = input.int(30, "Min RSI to allow SHORT", minval=10, maxval=50)
atrLen = input.int(14, "ATR Length", minval=1)
atrMultSL = input.float(1.5, "ATR Stop-Loss Multiplier", step=0.1)
atrMultTP = input.float(2.5, "ATR Take-Profit Multiplier", step=0.1)
// === Indicator calculations ===
price = close
fastEMA = ta.ema(price, fastLen)
slowEMA = ta.ema(price, slowLen)
rsiVal = ta.rsi(price, rsiLen)
atr = ta.atr(atrLen)
// === Entry signals ===
longSignal = ta.crossover(fastEMA, slowEMA) and rsiVal < rsiLongMax
shortSignal = ta.crossunder(fastEMA, slowEMA) and rsiVal > rsiShortMin
// === SL/TP Levels ===
longSL = price - atr * atrMultSL
longTP = price + atr * atrMultTP
shortSL = price + atr * atrMultSL
shortTP = price - atr * atrMultTP
// === Plotting ===
plot(fastEMA, color=color.orange, title="Fast EMA")
plot(slowEMA, color=color.blue, title="Slow EMA")
plotshape(longSignal, title="Buy Signal", style=shape.triangleup, color=color.new(color.green, 0), location=location.belowbar, size=size.tiny)
plotshape(shortSignal, title="Sell Signal", style=shape.triangledown, color=color.new(color.red, 0), location=location.abovebar, size=size.tiny)
// Optional visualization of SL/TP
plot(longSignal ? longSL : na, "Long Stop-Loss", color=color.new(color.red, 50), style=plot.style_linebr)
plot(longSignal ? longTP : na, "Long Take-Profit", color=color.new(color.green, 50), style=plot.style_linebr)
plot(shortSignal ? shortSL : na, "Short Stop-Loss", color=color.new(color.red, 50), style=plot.style_linebr)
plot(shortSignal ? shortTP : na, "Short Take-Profit", color=color.new(color.green, 50), style=plot.style_linebr)
// === Alerts with SL/TP info ===
alertcondition(longSignal, title="BUY Signal",
message="BUY Alert — NQ LONG: Entry @ {{close}} | SL: {{plot_1}} | TP: {{plot_2}} | {{ticker}}")
alertcondition(shortSignal, title="SELL Signal",
message="SELL Alert — NQ SHORT: Entry @ {{close}} | SL: {{plot_3}} | TP: {{plot_4}} | {{ticker}}")
// === Visual labels ===
if (longSignal)
label.new(bar_index, low, "BUY SL: " + str.tostring(longSL, format.mintick) + " TP: " + str.tostring(longTP, format.mintick),
style=label.style_label_up, color=color.new(#be14c4, 0), textcolor=color.white)
if (shortSignal)
label.new(bar_index, high, "SELL SL: " + str.tostring(shortSL, format.mintick) + " TP: " + str.tostring(shortTP, format.mintick),
style=label.style_label_down, color=color.new(color.red, 0), textcolor=color.white)
Income Engine - Daily Supertrend Covered Call SignalsWhat This Indicator Does
1. Identifies the safest time to sell a 1-week covered call
The script uses the Daily Supertrend as a primary trend filter.
When the trend turns bearish or weak, the indicator highlights a Sell Zone, signaling a statistically safer window to sell a covered call.
Covered calls perform best when price is:
Sideways
Weak
Trending down
Not likely to surge upward
The Sell Zone captures exactly this behavior.
Green line=Let the stock run.
Red line=safe to sell calls without assignment. Gererate income while stock falters.
Raja_Intraday: Bull/Bear Logic SetupBased on Candle high low/PDH-PDL break out, in combination with other indicators.
Focus is more on accuracy than on higher frequency of trades. Enjoy!!
Complete Harmonic PatternOverview:
The ultimate harmonic XABCD pattern identification, prediction, and backtesting system.
Harmonic patterns are among the most accurate of trading signals, yet they're widely underutilized because they can be difficult to spot and tedious to validate. If you've ever come across a pattern and struggled with questions like "are these retracement ratios close enough to the harmonic ratios?" or "what are the Potential Reversal levels and are they confluent with point D?", then this tool is your new best friend. Or, if you've never traded harmonic patterns before, maybe it's time to start. Put away your drawing tools and calculators, relax, and let this indicator do the heavy lifting for you.
- Identification -
An exhaustive search across multiple pivot lengths ensures that even the sneakiest harmonic patterns are identified. Each pattern is evaluated and assigned a score, making it easy to differentiate weak patterns from strong ones. Tooltips under the pattern labels show a detailed breakdown of the pattern's score and retracement ratios (see the Scoring section below for details).
- Prediction -
After a pattern is identified, paths to potential targets are drawn, and Potential Reversal Zone (PRZ) levels are plotted based on the retracement ratios of the harmonic pattern. Targets are customizable by pattern type (e.g. you can specify one set of targets for a Gartley and another for a Bat, etc).
- Backtesting -
A table shows the results of all the patterns found in the chart. Change your target, stop-loss, and % error inputs and observe how it affects your success rate.
//------------------------------------------------------
// Scoring
//------------------------------------------------------
A percentage-based score is calculated from four components:
(1) Retracement % Accuracy - this measures how closely the pattern's retracement ratios match the theoretical values (fibs) defined for a given harmonic pattern. You can change the "Allowed fib ratio error %" in Settings to be more or less inclusive.
(2) PRZ Level Confluence - Potential Reversal Zone levels are projected from retracements of the XA and BC legs. The PRZ Level Confluence component measures the closeness of the closest XA and BC retracement levels, relative to the total height of the PRZ.
(3) Point D / PRZ Confluence - this measures the closeness of point D to either of the closest two PRZ levels (identified in the PRZ Level Confluence component above), relative to the total height of the PRZ. In theory, the closer together these levels are, the higher the probability of a reversal.
(4) Leg Length Symmetry - this measures the ΔX symmetry of each leg. You can change the "Allowed leg length asymmetry %" in settings to be more or less inclusive.
So, a score of 100% would mean that (1) all leg retracements match the theoretical fib ratios exactly (to 16 decimal places), (2) the closest XA and BC PRZ levels are exactly the same, (3) point D is exactly at the confluent PRZ level, and (4) all legs are exactly the same number of bars. While this is theoretically possible, you have better odds of getting struck by lightning twice on a sunny day.
Calculation weights of all four components can be changed in Settings.
//------------------------------------------------------
// Targets
//------------------------------------------------------
A hard-coded set of targets are available to choose from, and can be applied to each pattern type individually:
(1) .618 XA = .618 retracement of leg XA, measured from point D
(2) 1.272 XA = 1.272 retracement of leg XA, measured from point D
(3) 1.618 XA = 1.618 retracement of leg XA, measured from point D
(4) .618 CD = .618 retracement of leg CD, measured from point D
(5) 1.272 CD = 1.272 retracement of leg CD, measured from point D
(6) 1.618 CD = 1.618 retracement of leg CD, measured from point D
(7) A = point A
(8) B = point B
(9) C = point C
[IronXCharts] Frank Strategy 1.0 – Aggressive Player Contact me frankk886@live.it for purchase
Frank Strategy 1.0 is a structured trading system designed to filter noise and highlight only high-probability setups.
It combines trend, momentum, market structure (CHOCH/BOS), liquidity zones and ATR-based risk management to deliver precise entry signal
TEMAA simple Pine Script indicator that plots three TEMA (Triple EMA) lines on the chart. Useful for trend direction, momentum shifts, and dynamic support/resistance.
Structural Liquidity ZonesTitle: Structural Liquidity Zones
Description:
This script is a technical analysis system designed to map market structure (Liquidity) using dynamic, volatility-adjusted zones, while offering an optional Trend Confluence filter to assist with trade timing.
Concept & Originality:
Standard support and resistance indicators often clutter the chart with historical lines that are no longer relevant. This script solves that issue by utilizing Pine Script Arrays and User-Defined Types to manage the "Lifecycle" of a zone. It automatically detects when a structure is broken by price action and removes it from the chart, ensuring traders only see valid, fresh levels.
By combining this structural mapping with an optional EMA Trend Filter, the script serves as a complete "Confluence System," helping traders answer both "Where to trade?" (Structure) and "When to trade?" (Trend).
Key Features:
1. Dynamic Structure (The Array Engine)
Pivot Logic: The script identifies major turning points using a customizable lookback period.
Volatility Zones: Instead of thin lines, zones are projected using the ATR (Average True Range). This creates a "breathing room" for price, visualizing potential invalidation areas.
Active Management: The script maintains a memory of active zones. As new bars form, the zones extend forward. If price closes beyond a zone, the script's garbage collection logic removes the level, keeping the chart clean.
2. Trend Confluence (Optional)
EMA System: Includes a Fast (9) and Slow (21) Exponential Moving Average module.
Signals: Visual Buy/Sell labels appear on crossover events.
Purpose: This allows for "Filter-based Trading." For example, a trader can choose to take a "Buy" bounce from a Support Zone only if the EMA Trend is also bullish.
Settings:
Structure Lookback: Controls the sensitivity of the pivot detection.
Max Active Zones: Limits the number of lines to optimize performance.
ATR Settings: Adjusts the width of the zones based on volatility.
Enable Trend Filter: Toggles the EMA lines and signals on/off.
Usage:
This tool is intended for structural analysis and educational purposes. It visualizes the relationship between price action pivots and momentum trends.
Second chartThis is a trend-following momentum confirmation indicator designed to filter trades in the direction of the dominant trend while timing entries using RSI momentum shifts.
Best suited for:
✅ Forex & Crypto
✅ 5m – 1H timeframes
✅ Trend continuation strategies
⚙ Inputs Explained
▸ Trend MA Length
Controls the EMA trend filter
Lower value (20–30) → faster, more signals
Higher value (50–100) → slower, stronger trend filter
▸ RSI Length
Controls responsiveness of momentum
Standard setting: 14
Lower → aggressive entries
Higher → conservative entries
▸ Show Buy/Sell Signals
ON → Displays BUY/SELL labels
OFF → Hides all trade signals
▸ Trend Background
ON → Green = Bullish / Red = Bearish
OFF → Clean chart mode
🧠 Signal Logic Breakdown
HTF Candles Display MCThis indicator allows you to put up the live price from any timeframe to any timeframe.
You can choose how many candles it showcases.
Stay up to date with your power of 3 at all times
Felix-Style Breakout ScannerThis stock scanner will scan stocks back on the 50MA, heartbeat pattern and buy volume to detect a good buying opportunity.
Rubotics BolleWilly Rubotics BolleWilly Signal Engine (Rubots BW)
This closed-source system fuses volatility expansion, band-reversion patterns, and Williams %R momentum shifts into a unified signal engine. Instead of merely combining common indicators, the BolleWilly model creates a custom interaction between Bollinger Band pressure and momentum exhaustion, allowing traders to identify potential reversal points directly on the price chart.
This is a signal model, not a full strategy, and is intended for discretionary use or as a modular input inside automated systems such as the Rubotics EA.
Core Components and Unique Features
Volatility Compression & Expansion (Bollinger Logic)
The indicator detects when price pushes outside the Bollinger structure and then snaps back inside.
This volatility expansion → reversion behavior acts as the foundational “energy release” condition for the system.
Williams %R Momentum Module
The script measures Williams %R and an EMA-smoothed version of it.
A valid signal requires:
* A %R crossover through its EMA
* A clear momentum reversal confirmation
* Proper alignment with the band-reversion condition
This filters out weak band touches and focuses on genuine directional shifts.
Band-Breach Lookback Window
A configurable lookback (default: 1 bar) verifies whether nearby candles breached the upper or lower Bollinger Band.
This ensures signals only occur after actual volatility expansion, not random drift.
Optional Candle Confirmation
You can require:
* Bullish candle for Buy signals
* Bearish candle for Sell signals
This helps remove signals during indecisive or doji-like bars.
Optional WaveTrend Exhaustion Filter
An additional WT2 layer (disabled by default) can be activated to confirm true exhaustion zones:
* WT oversold → allow long signals
* WT overbought → allow short signals
This strengthens signal quality in choppy or extended markets.
Signal Generation
A Buy signal requires:
1. Price re-enters the Bollinger structure after breaching below
2. Williams %R crosses upward through its EMA
3. (Optional) Candle is bullish
4. (Optional) WT2 confirms oversold exhaustion
5. Location is inside the volatility envelope
A Sell signal requires the mirrored conditions.
Signals appear as chart-based arrows and can be used for EA integration, discretionary confirmation, or execution filters.
Customization and Originality
* Every component (Bands, %R, EMA smoothing, WT filters, candle rules, lookback logic) is user-adjustable
* You can enable/disable entire modules to tune the model for different markets
* The logic is not a mash-up; it’s a sequenced interaction of volatility, momentum, and exhaustion filtering
* This makes the BolleWilly system fundamentally different from standard indicators
Closed-Source Justification
This script uses proprietary logic for its reversal-detection process and multi-layered filter sequencing.
Although the description fully explains how the concepts work, the underlying implementation remains part of the internal Rubotics framework — therefore the script is closed-source in accordance with TradingView rules.
This tool is not financial advice and is provided strictly for analytical and educational purposes.















