OPEN-SOURCE SCRIPT
Pro Trading Machine Visual+
Pro Trading Machine Visual+ is a composite market analysis indicator designed to help you read price action without generating direct buy or sell signals. It combines several built-in tools to assess trend strength, momentum, and overall market conditions in a clearer, more complete way.
What’s included in the composite
-VZO (Volume Zone Oscillator) — measures volume pressure and helps identify buyer/seller dominance.
-Z-Score — shows how far price moves away from its average, helping spot unusual strength or weakness.
-DMI (Directional Movement Index) — helps evaluate trend direction and trend strength.
-ATR normalization — adjusts readings based on current volatility so the indicator stays relevant in different market conditions.
Main features
-Market condition analysis — helps you see whether the market is trending, weak, or neutral.
-Composite approach — combines multiple indicators into one broader market view.
-Multi-timeframe settings — allows each component to be adjusted across different timeframes.
-Noise reduction — includes a smoother, more conservative mode for cleaner analysis on lower timeframes.
-Visual clarity — customizable colors, line thickness, and overbought/oversold zones.
How to use it
- To judge trend strength before looking for entries.
- To confirm signals from price action or other indicators.
- To filter out weak or noisy moves and avoid low-quality setups.
- To spot momentum shifts when the market starts to lose strength.
What’s included in the composite
-VZO (Volume Zone Oscillator) — measures volume pressure and helps identify buyer/seller dominance.
-Z-Score — shows how far price moves away from its average, helping spot unusual strength or weakness.
-DMI (Directional Movement Index) — helps evaluate trend direction and trend strength.
-ATR normalization — adjusts readings based on current volatility so the indicator stays relevant in different market conditions.
Main features
-Market condition analysis — helps you see whether the market is trending, weak, or neutral.
-Composite approach — combines multiple indicators into one broader market view.
-Multi-timeframe settings — allows each component to be adjusted across different timeframes.
-Noise reduction — includes a smoother, more conservative mode for cleaner analysis on lower timeframes.
-Visual clarity — customizable colors, line thickness, and overbought/oversold zones.
How to use it
- To judge trend strength before looking for entries.
- To confirm signals from price action or other indicators.
- To filter out weak or noisy moves and avoid low-quality setups.
- To spot momentum shifts when the market starts to lose strength.
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.
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.
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.