OPEN-SOURCE SCRIPT
SBP Price Response Engine
SBP Price Response Engine is a rule-based analytical indicator that evaluates how price responds to confirmed market reference levels. Rather than attempting to predict future direction or continuously follow trends, the indicator studies completed price interaction around established reference areas and identifies qualified bullish or bearish response observations after objective confirmation.
The methodology is based on the concept that significant price movements are often preceded by measurable interactions with previously confirmed price references. Instead of treating every touch of a level as equally meaningful, the indicator evaluates the quality of the interaction before displaying a BUY or SALE observation.
Methodology
The analytical workflow begins by building dynamic price references from confirmed pivot recurrence. Nearby confirmed pivots are merged into evolving reference zones, allowing the indicator to develop market memory that adapts as additional confirmations occur. References mature over time as they receive additional confirmation while automatically discarding stale levels that no longer remain relevant.
Each completed bar is then evaluated against these active references using several independent response models. Rather than relying on a single condition, the indicator measures different categories of observable market behaviour, including:
Controlled rejection after limited penetration
Closing acceptance beyond a reference
Timely recovery following an accepted break
Decisive directional displacement
Repeated pressure release near active references
Delayed break confirmation using short-term reference memory
Confirmed pivot-response events
Every response family is evaluated independently before contributing to the final analytical decision. The qualification process considers multiple objective measurements, including:
Candle body structure
Upper and lower wick characteristics
Closing location within the candle
ATR-normalized penetration and displacement
Reference maturity
Local price expansion
Optional relative-volume participation
Each response receives an internally calculated quality score. Only observations satisfying their respective qualification requirements become eligible for the final signal-routing process.
Signal Routing
All qualified response families are processed through a unified decision engine rather than operating as independent indicators. The routing process combines the qualified analytical observations into a single BUY or SALE output while enforcing signal alternation and a minimum spacing between consecutive observations. This helps reduce repeated indications during persistent directional movement while maintaining continuous internal analysis of every completed bar.
Visual Output
The indicator can display:
Dynamic upper and lower price reference lines
Qualified BUY observations
Qualified SALE observations
Confirmed pivot-response observations
Alert conditions for all supported analytical event families
The visual output is intentionally designed to remain uncluttered while presenting only qualified analytical observations.
Inputs
Users can adjust several analytical parameters, including:
Reference confirmation depth
Reference clustering tolerance
Minimum reference confirmations
Maximum reference age
Penetration requirements
Recovery requirements
Acceptance confirmation
Recovery window
Minimum response quality
Optional relative-volume participation
Display of reference lines and observations
These settings allow users to adapt the analytical sensitivity without altering the underlying methodology.
Notes
SBP Price Response Engine is an analytical indicator, not a trading strategy. It does not place trades, calculate position sizing, manage portfolio risk, estimate profitability, or predict future price movement. All observations are generated from completed market data according to predefined analytical rules.
Like any technical analysis tool, the indicator should be used alongside independent market analysis, risk management, and appropriate trading discipline.
The methodology is based on the concept that significant price movements are often preceded by measurable interactions with previously confirmed price references. Instead of treating every touch of a level as equally meaningful, the indicator evaluates the quality of the interaction before displaying a BUY or SALE observation.
Methodology
The analytical workflow begins by building dynamic price references from confirmed pivot recurrence. Nearby confirmed pivots are merged into evolving reference zones, allowing the indicator to develop market memory that adapts as additional confirmations occur. References mature over time as they receive additional confirmation while automatically discarding stale levels that no longer remain relevant.
Each completed bar is then evaluated against these active references using several independent response models. Rather than relying on a single condition, the indicator measures different categories of observable market behaviour, including:
Controlled rejection after limited penetration
Closing acceptance beyond a reference
Timely recovery following an accepted break
Decisive directional displacement
Repeated pressure release near active references
Delayed break confirmation using short-term reference memory
Confirmed pivot-response events
Every response family is evaluated independently before contributing to the final analytical decision. The qualification process considers multiple objective measurements, including:
Candle body structure
Upper and lower wick characteristics
Closing location within the candle
ATR-normalized penetration and displacement
Reference maturity
Local price expansion
Optional relative-volume participation
Each response receives an internally calculated quality score. Only observations satisfying their respective qualification requirements become eligible for the final signal-routing process.
Signal Routing
All qualified response families are processed through a unified decision engine rather than operating as independent indicators. The routing process combines the qualified analytical observations into a single BUY or SALE output while enforcing signal alternation and a minimum spacing between consecutive observations. This helps reduce repeated indications during persistent directional movement while maintaining continuous internal analysis of every completed bar.
Visual Output
The indicator can display:
Dynamic upper and lower price reference lines
Qualified BUY observations
Qualified SALE observations
Confirmed pivot-response observations
Alert conditions for all supported analytical event families
The visual output is intentionally designed to remain uncluttered while presenting only qualified analytical observations.
Inputs
Users can adjust several analytical parameters, including:
Reference confirmation depth
Reference clustering tolerance
Minimum reference confirmations
Maximum reference age
Penetration requirements
Recovery requirements
Acceptance confirmation
Recovery window
Minimum response quality
Optional relative-volume participation
Display of reference lines and observations
These settings allow users to adapt the analytical sensitivity without altering the underlying methodology.
Notes
SBP Price Response Engine is an analytical indicator, not a trading strategy. It does not place trades, calculate position sizing, manage portfolio risk, estimate profitability, or predict future price movement. All observations are generated from completed market data according to predefined analytical rules.
Like any technical analysis tool, the indicator should be used alongside independent market analysis, risk management, and appropriate trading discipline.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
S B Prasad Trading Ecosystem Email sbptradingecosystem@gmail.com, Mobile no 9903367725
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
S B Prasad Trading Ecosystem Email sbptradingecosystem@gmail.com, Mobile no 9903367725
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.