OPEN-SOURCE SCRIPT
Absorption Range Ledger [JOAT]
Absorption Range Ledger [JOAT]
Introduction
Absorption Range Ledger is an open-source range and participation overlay built to detect high-participation ranges, estimate internal bull-vs-bear ownership, track weighted equilibrium, and monitor whether the market is being absorbed, contained, reclaimed, or broken. It is designed for traders who want richer range context than a basic support/resistance box.
The script identifies high-participation candles, merges overlapping activity into persistent range zones, tracks a weighted equilibrium line inside the zone, and then highlights whether that zone is acting as supportive absorption, resistant absorption, or a two-way transfer area. Optional TP/SL rails are created when weighted reclaims or range breaks occur on confirmed bars.
Core Concepts
1. High Participation Detection
The script compares current volume to a baseline moving average. When participation exceeds the threshold, the candle is eligible to build or extend an absorption range.
2. Range Merging
New high-participation candles are merged into existing ranges when overlap conditions are satisfied. This creates broader institutional-style transfer zones rather than isolated candle markers.
3. Ownership Split
Each active range tracks approximate bullish and bearish ownership internally. This is displayed visually using sub-boxes and summarized numerically in the dashboard.
4. Weighted Equilibrium
A weighted equilibrium line is maintained inside the dominant active range. This level serves as a practical internal reference for reclaim and failure behavior.
5. Range Events
The script distinguishes containment, weighted-line reclaims, and outright range breaks. These states are used for dashboard context and optional TP/SL scaffolding.
Features
How to Use This Indicator
Step 1: Identify whether a dominant active range exists.
Step 2: Check the ownership balance. Strong positive balance suggests bid-side absorption. Strong negative balance suggests offer-side absorption.
Step 3: Watch how price behaves around the weighted equilibrium line. Reclaims and failures often provide better context than touching the raw box boundary alone.
Step 4: Use confirmed breaks of the dominant range as state changes, not as guaranteed trend starts.
Indicator Limitations
Originality Statement
Absorption Range Ledger is original in the way it combines participation-based zone merging, internal ownership splitting, weighted equilibrium governance, and event-driven scaffolding into one open-source range tool. It is published as a contextual market-transfer indicator rather than a simple breakout box.
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice. Participation, ownership, and absorption states are inferred from historical price and volume behavior and may not reflect future outcomes. Use independent analysis and risk management.
-Made with passion by jackofalltrades
Introduction
Absorption Range Ledger is an open-source range and participation overlay built to detect high-participation ranges, estimate internal bull-vs-bear ownership, track weighted equilibrium, and monitor whether the market is being absorbed, contained, reclaimed, or broken. It is designed for traders who want richer range context than a basic support/resistance box.
The script identifies high-participation candles, merges overlapping activity into persistent range zones, tracks a weighted equilibrium line inside the zone, and then highlights whether that zone is acting as supportive absorption, resistant absorption, or a two-way transfer area. Optional TP/SL rails are created when weighted reclaims or range breaks occur on confirmed bars.
Core Concepts
1. High Participation Detection
The script compares current volume to a baseline moving average. When participation exceeds the threshold, the candle is eligible to build or extend an absorption range.
2. Range Merging
New high-participation candles are merged into existing ranges when overlap conditions are satisfied. This creates broader institutional-style transfer zones rather than isolated candle markers.
3. Ownership Split
Each active range tracks approximate bullish and bearish ownership internally. This is displayed visually using sub-boxes and summarized numerically in the dashboard.
4. Weighted Equilibrium
A weighted equilibrium line is maintained inside the dominant active range. This level serves as a practical internal reference for reclaim and failure behavior.
5. Range Events
The script distinguishes containment, weighted-line reclaims, and outright range breaks. These states are used for dashboard context and optional TP/SL scaffolding.
Features
- High-participation range detection: Builds active ranges when volume exceeds the baseline threshold
- Range merging: Overlapping participation bars are combined into richer zones
- Bull/bear ownership split: Internal sub-boxes show approximate participation balance
- Weighted equilibrium line: A central reference inside the active range
- Dominant active range logic: Tracks the most relevant current range for context
- Range reclaim and break states: Distinguishes contained trade from directional escape
- Optional TP/SL ladder: Builds informational risk rails on confirmed reclaims and breaks
- Top-right dashboard: Shows state, active count, weighted level, balance, range width, and event condition
How to Use This Indicator
Step 1: Identify whether a dominant active range exists.
Step 2: Check the ownership balance. Strong positive balance suggests bid-side absorption. Strong negative balance suggests offer-side absorption.
Step 3: Watch how price behaves around the weighted equilibrium line. Reclaims and failures often provide better context than touching the raw box boundary alone.
Step 4: Use confirmed breaks of the dominant range as state changes, not as guaranteed trend starts.
Indicator Limitations
- Ownership balance is an internal estimate, not a true order-flow measurement
- Range merging depends on the chosen volume threshold and can be too broad or too narrow if poorly configured
- Old ranges expire by design and will not remain indefinitely on the chart
- The TP/SL ladder is informational and not an execution engine
Originality Statement
Absorption Range Ledger is original in the way it combines participation-based zone merging, internal ownership splitting, weighted equilibrium governance, and event-driven scaffolding into one open-source range tool. It is published as a contextual market-transfer indicator rather than a simple breakout box.
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice. Participation, ownership, and absorption states are inferred from historical price and volume behavior and may not reflect future outcomes. Use independent analysis and risk management.
-Made with passion by jackofalltrades
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
The AI Trading Ecosystem, Built to win trades 📈
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。