OPEN-SOURCE SCRIPT
The Apex Stalker: RVOL & Options Sniper
The Concept: Hunting Volatility & Mean Reversion
Most retail traders are reactive. They see a massive green candle on the scanner, chase the breakout blindly, and end up buying the exact top just as institutions start taking profits.
The Apex Stalker is a tactical dashboard built to prevent that. It allows active options and equity traders to stalk a customized watchlist of up to 10 tickers, hunting for two specific, high-probability setups:
The Sniper Entry (Continuation): Catching the exact moment institutional volume steps in to drive a trend.
The Exhaustion Fade (Mean Reversion): Flagging when a momentum stock has mathematically exhausted its normal daily fuel, making it a prime target for a fade or credit spread.
How the Engine Works
This indicator completely detaches from your active chart's timeframe, allowing you to day-trade on a 1-minute chart while the engine quietly hunts for macro hourly or daily setups in the background. It dynamically auto-sorts your watchlist on every tick based on Relative Volume (RVOL).
The dashboard tracks 4 core metrics for each ticker:
RVOL (Relative Volume): Compares current volume to the historical average. When a ticker hits >= 1.5x normal volume, the cell turns Yellow to flag institutional activity.
% ATR (Average True Range Exhaustion): Calculates how far the current candle has traveled compared to its normal 14-day ATR.
TREND: Pulls the Daily 21 EMA. If the intraday price action aligns with the macro trend, it prints UP (Green). If it is counter-trend, it prints DOWN (Red).
The Playbook (How to Trade It)
Setup 1: The Golden Continuation: A ticker snaps to the top of your list. RVOL is Yellow (Capital is flowing in). Trend is UP. Importantly, the % ATR is White (meaning the move still has plenty of room to run before exhausting its daily range). This is a high-probability continuation setup where options premiums are still reasonably priced.
Setup 2: The Mean Reversion Fade: A ticker hits the top with massive Yellow RVOL, but the % ATR column is Orange. The move is valid, but the daily fuel is gone. Options premiums here are heavily inflated. Do not buy straight calls; look for an intraday structural breakdown to short the pop or sell credit spreads.
(Note: Use the settings to adjust your Exhaustion Threshold. Set indices like SPY to ~100% ATR, but give high-beta tech stocks a wider leash of ~130%-150% before fading).
Customization & Dual Alerts
Your Watchlist: Swap out the default tickers for whatever you are actively trading directly in the settings menu.
The Dual Alert Engine: Create a single alert for this indicator ("Any alert() function call"). The script will dynamically ping your phone with a custom text message specifically telling you if a ticker has triggered a "🟢 SNIPER ENTRY" (High Volume + Room to Run) or a "🔴 EXHAUSTION FADE" (High Volume + Premium Blown Out).
Disclaimer: This script is an educational tool for tracking volume and statistical data. It is not financial advice. Always do your own due diligence before deploying capital.
Most retail traders are reactive. They see a massive green candle on the scanner, chase the breakout blindly, and end up buying the exact top just as institutions start taking profits.
The Apex Stalker is a tactical dashboard built to prevent that. It allows active options and equity traders to stalk a customized watchlist of up to 10 tickers, hunting for two specific, high-probability setups:
The Sniper Entry (Continuation): Catching the exact moment institutional volume steps in to drive a trend.
The Exhaustion Fade (Mean Reversion): Flagging when a momentum stock has mathematically exhausted its normal daily fuel, making it a prime target for a fade or credit spread.
How the Engine Works
This indicator completely detaches from your active chart's timeframe, allowing you to day-trade on a 1-minute chart while the engine quietly hunts for macro hourly or daily setups in the background. It dynamically auto-sorts your watchlist on every tick based on Relative Volume (RVOL).
The dashboard tracks 4 core metrics for each ticker:
RVOL (Relative Volume): Compares current volume to the historical average. When a ticker hits >= 1.5x normal volume, the cell turns Yellow to flag institutional activity.
% ATR (Average True Range Exhaustion): Calculates how far the current candle has traveled compared to its normal 14-day ATR.
TREND: Pulls the Daily 21 EMA. If the intraday price action aligns with the macro trend, it prints UP (Green). If it is counter-trend, it prints DOWN (Red).
The Playbook (How to Trade It)
Setup 1: The Golden Continuation: A ticker snaps to the top of your list. RVOL is Yellow (Capital is flowing in). Trend is UP. Importantly, the % ATR is White (meaning the move still has plenty of room to run before exhausting its daily range). This is a high-probability continuation setup where options premiums are still reasonably priced.
Setup 2: The Mean Reversion Fade: A ticker hits the top with massive Yellow RVOL, but the % ATR column is Orange. The move is valid, but the daily fuel is gone. Options premiums here are heavily inflated. Do not buy straight calls; look for an intraday structural breakdown to short the pop or sell credit spreads.
(Note: Use the settings to adjust your Exhaustion Threshold. Set indices like SPY to ~100% ATR, but give high-beta tech stocks a wider leash of ~130%-150% before fading).
Customization & Dual Alerts
Your Watchlist: Swap out the default tickers for whatever you are actively trading directly in the settings menu.
The Dual Alert Engine: Create a single alert for this indicator ("Any alert() function call"). The script will dynamically ping your phone with a custom text message specifically telling you if a ticker has triggered a "🟢 SNIPER ENTRY" (High Volume + Room to Run) or a "🔴 EXHAUSTION FADE" (High Volume + Premium Blown Out).
Disclaimer: This script is an educational tool for tracking volume and statistical data. It is not financial advice. Always do your own due diligence before deploying capital.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
You can always take more, you can never take less.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
You can always take more, you can never take less.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.