OPEN-SOURCE SCRIPT
Parrots' Alpha Map
🦜 Parrots' Alpha Map (PAM) – BTC
Parrots' Alpha Map (PAM) is a Bitcoin-focused market-mapping overlay designed to visualize the key levels, risk zones, liquidity targets, and trade-management areas commonly used in discretionary BTC analysis.
The indicator provides a structured framework for tracking bullish and bearish scenarios by plotting manually configurable levels directly on the chart. Each level includes optional labels and detailed tooltip explanations to help traders understand the reasoning behind the level.
Features
• Bitcoin-focused market map
• Individually configurable support and resistance levels
• CPR, liquidity, reclaim, and invalidation zones
• Golden Pocket and downside liquidity targets
• CME gap tracking levels
• QFL-style signal markers
• Double Bottom and breakout detection
• Smart label stacking to reduce chart clutter
• Compact market-bias dashboard
• Daily and weekly invalidation monitoring
• Hover tooltips explaining the significance of each level
Intended Use
Parrots' Alpha Map is designed for traders who want a clear visual framework for:
Identifying key BTC decision points
Tracking bullish and bearish invalidation levels
Monitoring liquidity targets
Managing QFL-style trade setups
Following multi-timeframe market structure
Planning risk and trade management
Important Notes
This indicator is designed specifically for Bitcoin (BTC) and is intended as a discretionary analysis tool rather than a fully automated trading system.
The default levels reflect a market-analysis framework and should be updated as market conditions evolve.
This script does not predict future price movements and should be used alongside proper risk management and independent analysis.
Short Description
🦜 Parrots' Alpha Map (PAM) is a Bitcoin market-mapping tool that plots key support, resistance, liquidity, invalidation, and trade-management levels on the chart, helping traders visualize the daily BTC playbook through a structured discretionary framework.
Parrots' Alpha Map (PAM) is a Bitcoin-focused market-mapping overlay designed to visualize the key levels, risk zones, liquidity targets, and trade-management areas commonly used in discretionary BTC analysis.
The indicator provides a structured framework for tracking bullish and bearish scenarios by plotting manually configurable levels directly on the chart. Each level includes optional labels and detailed tooltip explanations to help traders understand the reasoning behind the level.
Features
• Bitcoin-focused market map
• Individually configurable support and resistance levels
• CPR, liquidity, reclaim, and invalidation zones
• Golden Pocket and downside liquidity targets
• CME gap tracking levels
• QFL-style signal markers
• Double Bottom and breakout detection
• Smart label stacking to reduce chart clutter
• Compact market-bias dashboard
• Daily and weekly invalidation monitoring
• Hover tooltips explaining the significance of each level
Intended Use
Parrots' Alpha Map is designed for traders who want a clear visual framework for:
Identifying key BTC decision points
Tracking bullish and bearish invalidation levels
Monitoring liquidity targets
Managing QFL-style trade setups
Following multi-timeframe market structure
Planning risk and trade management
Important Notes
This indicator is designed specifically for Bitcoin (BTC) and is intended as a discretionary analysis tool rather than a fully automated trading system.
The default levels reflect a market-analysis framework and should be updated as market conditions evolve.
This script does not predict future price movements and should be used alongside proper risk management and independent analysis.
Short Description
🦜 Parrots' Alpha Map (PAM) is a Bitcoin market-mapping tool that plots key support, resistance, liquidity, invalidation, and trade-management levels on the chart, helping traders visualize the daily BTC playbook through a structured discretionary framework.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.