Location Scan Entry / Add / Trim Tool v6
Location Scan — Entry / Add / Trim Tool v6
**A market-location and early-warning indicator designed to identify price extremes, potential turning points, and conditions that deserve a closer look.**
Markets rarely announce when they're approaching an important turning point. But they often leave clues.
Location Scan was developed to identify those clues by combining statistical price extremes, distance from long-term moving averages, momentum, volatility, and price-action behavior into a simple visual system.
Its most recognizable feature is a series of **colored dots that appear directly on the price chart**.
These dots are not automatic buy or sell signals. They are alerts that something noteworthy is developing.
A dot may appear when selling pressure has pushed price unusually far below its normal range, when buyers begin responding to an extended decline, when a rally becomes unusually stretched, or when price action begins showing weakness following an overheated advance.
Rather than trying to predict an exact top or bottom, Location Scan helps traders recognize **when market conditions warrant heightened attention**.
### What makes Location Scan useful?
- **Early-warning dots:** Highlight statistically stretched conditions and developing price reactions.
- **Four distinct conditions:** Purple and green identify downside opportunities to investigate; orange and red identify upside extremes and potential deterioration.
- **Market context:** Combines Z-score, ATR distance, RSI, moving averages, and volatility percentile.
- **Two operating modes:** Scouting Mode evaluates market conditions independently of holdings. Owning Mode incorporates a user-defined cost basis.
- **Visual reference levels:** Green and red events can create dotted price levels for subsequent observation.
- **Compact dashboard:** Displays trend, statistical stretch, volatility, current condition, and contextual action guidance.
- **Configurable alerts:** Allows users to monitor newly detected conditions without constantly watching the chart.
### The philosophy
**The dot doesn't tell you what to do. It tells you when to pay closer attention.**
A green dot doesn't guarantee a bottom. A red dot doesn't guarantee a top. But both identify conditions that may deserve closer examination.
Location Scan is intended to complement structural analysis, market context, and disciplined risk management—not replace them.
Whether you're looking for a potential entry, considering adding to an existing position, or evaluating whether a rally has become extended, Location Scan helps answer one important question:
**Is something developing here that I shouldn't ignore?**
*For educational and analytical purposes only. Signals are conditional observations, not guarantees, trade recommendations, or evidence of predictive accuracy.*
**A market-location and early-warning indicator designed to identify price extremes, potential turning points, and conditions that deserve a closer look.**
Markets rarely announce when they're approaching an important turning point. But they often leave clues.
Location Scan was developed to identify those clues by combining statistical price extremes, distance from long-term moving averages, momentum, volatility, and price-action behavior into a simple visual system.
Its most recognizable feature is a series of **colored dots that appear directly on the price chart**.
These dots are not automatic buy or sell signals. They are alerts that something noteworthy is developing.
A dot may appear when selling pressure has pushed price unusually far below its normal range, when buyers begin responding to an extended decline, when a rally becomes unusually stretched, or when price action begins showing weakness following an overheated advance.
Rather than trying to predict an exact top or bottom, Location Scan helps traders recognize **when market conditions warrant heightened attention**.
### What makes Location Scan useful?
- **Early-warning dots:** Highlight statistically stretched conditions and developing price reactions.
- **Four distinct conditions:** Purple and green identify downside opportunities to investigate; orange and red identify upside extremes and potential deterioration.
- **Market context:** Combines Z-score, ATR distance, RSI, moving averages, and volatility percentile.
- **Two operating modes:** Scouting Mode evaluates market conditions independently of holdings. Owning Mode incorporates a user-defined cost basis.
- **Visual reference levels:** Green and red events can create dotted price levels for subsequent observation.
- **Compact dashboard:** Displays trend, statistical stretch, volatility, current condition, and contextual action guidance.
- **Configurable alerts:** Allows users to monitor newly detected conditions without constantly watching the chart.
### The philosophy
**The dot doesn't tell you what to do. It tells you when to pay closer attention.**
A green dot doesn't guarantee a bottom. A red dot doesn't guarantee a top. But both identify conditions that may deserve closer examination.
Location Scan is intended to complement structural analysis, market context, and disciplined risk management—not replace them.
Whether you're looking for a potential entry, considering adding to an existing position, or evaluating whether a rally has become extended, Location Scan helps answer one important question:
**Is something developing here that I shouldn't ignore?**
*For educational and analytical purposes only. Signals are conditional observations, not guarantees, trade recommendations, or evidence of predictive accuracy.*
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.
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.