OPEN-SOURCE SCRIPT
A1 Value Turn Triple Mode v2.3 (Swing + Crypto)
# A1 Value Turn Triple Mode v2.3 — Swing + Crypto
## Overview
The A1 Value Turn is a multi-layer confluence indicator designed to identify high-probability mean reversion entries on quality stocks and crypto assets that have pulled back significantly from their 52-week highs. It combines value band detection, moving average proximity, RSI momentum, volume confirmation, sector rotation, and IV rank filtering into a single signal system with a built-in 3-leg exit ladder.
Built for swing traders and options traders targeting 60–90 DTE calls or verticals on A-grade companies trading at a discount.
---
## How It Works
### 4-Layer Signal Gate
A full signal only fires when ALL four conditions align:
1. **Value Band** — Price is 40–60% (or 60–80% in Deep mode) below its 52-week high
2. **MA Proximity** — Price is within a configurable % of the 200-period SMA
3. **RSI Turn** — RSI is within the mode-specific range AND curling upward from the prior bar
4. **Volume Surge** — Current volume is at least 1.3x the 20-day average
Plus two optional confirmation layers:
- **Sector ETF confirmation** — The selected sector ETF RSI is also curling up and price is above its 50 MA
- **IV Rank filter** — Historical volatility rank is below your threshold, ensuring you are not overpaying for options premium
---
## Three Modes
| Mode | Value Band | RSI Range | Vol Mult | Target 1 |
|---|---|---|---|---|
| 40–60% off High (Swing) | 40–60% below 52W high | 40–70 | 1.3x | +20% |
| 60–80% off High (Deep) | 60–80% below 52W high | 35–70 | 1.3x | +35% |
| Crypto-Linked | Any | 25–75 | 1.1x | +50% |
---
## 3-Leg Exit Ladder
Every signal automatically calculates three exit targets with live R:R ratios:
- **Target 1** — Mode-specific % gain from entry (scale out 1/3)
- **Target 2** — 2x Target 1 (scale out 1/3)
- **Target 3** — The actual 52-week high (full recovery, scale out final 1/3)
Each target plots as a dashed horizontal line anchored to the signal bar. The ATR-based stop loss plots simultaneously so you know your risk before you enter.
---
## Signal States on the Chart
| Shape | Color | Meaning |
|---|---|---|
| Large triangle below bar | Mode color (aqua/orange/purple) | All layers confirmed — entry signal |
| Small triangle below bar | Faded orange | Stock + sector ready, IV rank too high — wait |
| Small triangle below bar | Faded gray | Stock + IV ready, sector not confirmed — wait |
| Gold circle above bar | Yellow | Bullish RSI divergence confluence bonus |
| Bar background tint | Mode color | Full signal bar highlight |
---
## Signal Label
Each confirmed signal prints a label showing:
- Entry price
- Target 1, 2, and 3 with % gain and R:R ratio per leg
- ATR stop loss price
- HV Rank % and current VIX reading
- Sector ETF RSI
- % off 52-week high, RSI, and volume ratio
---
## IV Rank Filter (New in v2.3)
Since TradingView does not provide live options IV data in Pine Script, this indicator uses Historical Volatility Rank — the annualized standard deviation of daily log returns measured against its own 52-week high and low range. HV Rank and IV move together closely enough that HV Rank is the standard professional proxy used in Pine-based systems.
A separate VIX macro threshold adds a second layer — if the market fear index is above your set level, signals are suppressed regardless of individual stock HV.
When IV is too high, a pending orange triangle fires with a label showing exactly what threshold to wait for.
---
## Inputs
### Core Settings
- Lookback for 52W High (bars)
- Long MA Length
- RSI Length
- Max % Distance from MA
- Mode selection
### Display
- Show/hide table, labels, stop line, Target 2, Target 3
- ATR Length and Multiplier for stop calculation
### IV Rank Filter
- Enable/disable IV filter
- Max HV Rank % (default 50)
- Enable/disable VIX threshold
- Max VIX level (default 25)
### Sector Rotation
- Enable/disable sector confirmation
- Sector ETF ticker (XLK, XLV, XLF, XLY, etc.)
- Sector ETF MA length
---
## Alerts
Four alert conditions built in:
1. **Full Signal** — All layers confirmed, ready to enter
2. **Pending IV** — Stock and sector ready, waiting for IV to cool
3. **Pending Sector** — Stock and IV ready, waiting for sector confirmation
4. **Max Confluence** — Full signal AND bullish RSI divergence
---
## Recommended Use
1. Run a Finviz scan each morning filtering for large caps 40–80% off their 52-week high with above-average volume
2. Open each candidate in TradingView with this indicator applied
3. Set your sector ETF to match the stock's sector
4. Wait for a full signal (large colored triangle)
5. Use the label to size your 60–90 DTE options position using the printed R:R ratios
6. Scale out 1/3 at each target
Best results on daily timeframe. Works on weekly for longer-horizon setups.
---
## Notes
- This indicator is for educational and informational purposes
- Past signals do not guarantee future results
- Always use proper position sizing and risk management
- HV Rank is a proxy for IV, not actual options implied volatility
---
*Built by MOR Trading Systems*
## Overview
The A1 Value Turn is a multi-layer confluence indicator designed to identify high-probability mean reversion entries on quality stocks and crypto assets that have pulled back significantly from their 52-week highs. It combines value band detection, moving average proximity, RSI momentum, volume confirmation, sector rotation, and IV rank filtering into a single signal system with a built-in 3-leg exit ladder.
Built for swing traders and options traders targeting 60–90 DTE calls or verticals on A-grade companies trading at a discount.
---
## How It Works
### 4-Layer Signal Gate
A full signal only fires when ALL four conditions align:
1. **Value Band** — Price is 40–60% (or 60–80% in Deep mode) below its 52-week high
2. **MA Proximity** — Price is within a configurable % of the 200-period SMA
3. **RSI Turn** — RSI is within the mode-specific range AND curling upward from the prior bar
4. **Volume Surge** — Current volume is at least 1.3x the 20-day average
Plus two optional confirmation layers:
- **Sector ETF confirmation** — The selected sector ETF RSI is also curling up and price is above its 50 MA
- **IV Rank filter** — Historical volatility rank is below your threshold, ensuring you are not overpaying for options premium
---
## Three Modes
| Mode | Value Band | RSI Range | Vol Mult | Target 1 |
|---|---|---|---|---|
| 40–60% off High (Swing) | 40–60% below 52W high | 40–70 | 1.3x | +20% |
| 60–80% off High (Deep) | 60–80% below 52W high | 35–70 | 1.3x | +35% |
| Crypto-Linked | Any | 25–75 | 1.1x | +50% |
---
## 3-Leg Exit Ladder
Every signal automatically calculates three exit targets with live R:R ratios:
- **Target 1** — Mode-specific % gain from entry (scale out 1/3)
- **Target 2** — 2x Target 1 (scale out 1/3)
- **Target 3** — The actual 52-week high (full recovery, scale out final 1/3)
Each target plots as a dashed horizontal line anchored to the signal bar. The ATR-based stop loss plots simultaneously so you know your risk before you enter.
---
## Signal States on the Chart
| Shape | Color | Meaning |
|---|---|---|
| Large triangle below bar | Mode color (aqua/orange/purple) | All layers confirmed — entry signal |
| Small triangle below bar | Faded orange | Stock + sector ready, IV rank too high — wait |
| Small triangle below bar | Faded gray | Stock + IV ready, sector not confirmed — wait |
| Gold circle above bar | Yellow | Bullish RSI divergence confluence bonus |
| Bar background tint | Mode color | Full signal bar highlight |
---
## Signal Label
Each confirmed signal prints a label showing:
- Entry price
- Target 1, 2, and 3 with % gain and R:R ratio per leg
- ATR stop loss price
- HV Rank % and current VIX reading
- Sector ETF RSI
- % off 52-week high, RSI, and volume ratio
---
## IV Rank Filter (New in v2.3)
Since TradingView does not provide live options IV data in Pine Script, this indicator uses Historical Volatility Rank — the annualized standard deviation of daily log returns measured against its own 52-week high and low range. HV Rank and IV move together closely enough that HV Rank is the standard professional proxy used in Pine-based systems.
A separate VIX macro threshold adds a second layer — if the market fear index is above your set level, signals are suppressed regardless of individual stock HV.
When IV is too high, a pending orange triangle fires with a label showing exactly what threshold to wait for.
---
## Inputs
### Core Settings
- Lookback for 52W High (bars)
- Long MA Length
- RSI Length
- Max % Distance from MA
- Mode selection
### Display
- Show/hide table, labels, stop line, Target 2, Target 3
- ATR Length and Multiplier for stop calculation
### IV Rank Filter
- Enable/disable IV filter
- Max HV Rank % (default 50)
- Enable/disable VIX threshold
- Max VIX level (default 25)
### Sector Rotation
- Enable/disable sector confirmation
- Sector ETF ticker (XLK, XLV, XLF, XLY, etc.)
- Sector ETF MA length
---
## Alerts
Four alert conditions built in:
1. **Full Signal** — All layers confirmed, ready to enter
2. **Pending IV** — Stock and sector ready, waiting for IV to cool
3. **Pending Sector** — Stock and IV ready, waiting for sector confirmation
4. **Max Confluence** — Full signal AND bullish RSI divergence
---
## Recommended Use
1. Run a Finviz scan each morning filtering for large caps 40–80% off their 52-week high with above-average volume
2. Open each candidate in TradingView with this indicator applied
3. Set your sector ETF to match the stock's sector
4. Wait for a full signal (large colored triangle)
5. Use the label to size your 60–90 DTE options position using the printed R:R ratios
6. Scale out 1/3 at each target
Best results on daily timeframe. Works on weekly for longer-horizon setups.
---
## Notes
- This indicator is for educational and informational purposes
- Past signals do not guarantee future results
- Always use proper position sizing and risk management
- HV Rank is a proxy for IV, not actual options implied volatility
---
*Built by MOR Trading Systems*
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.
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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.