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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.