OPEN-SOURCE SCRIPT
OBSIDIAN
Welcome to the OBSIDIAN indicator, This system was built to help traders identify market structures, momentum shifts etc.. with greater clarity. However, before you add this tool to your charts, we need to have a serious, unfiltered conversation about the risk management and market reality.
Let's be completely honest: There is no indicator on Tradingview or anywhere else in the world that boasts 100% accuracy. The markets are chaotic environment driven by human psychology, algorithmic shifts, and unexpected macroeconomic events.
Obsidian is just a data processing tool, not a crystal ball, it highlights statistical probabilities, not guaranteed outcomes.
If you blindly take every signal in this indicator prints , you will lose your hard-earned money,
An indicator which perform flawlessly in a trending market might get chopped to pieces in a sideways, consolidating market.
To protect your capital and grow as a trader, treat OBSIDIAN as a supporting framework, not a standalone decision maker.
you are the risk manager. Protect your capital first, trade safely, and let the edge play out over time.
Let's be completely honest: There is no indicator on Tradingview or anywhere else in the world that boasts 100% accuracy. The markets are chaotic environment driven by human psychology, algorithmic shifts, and unexpected macroeconomic events.
Obsidian is just a data processing tool, not a crystal ball, it highlights statistical probabilities, not guaranteed outcomes.
If you blindly take every signal in this indicator prints , you will lose your hard-earned money,
An indicator which perform flawlessly in a trending market might get chopped to pieces in a sideways, consolidating market.
To protect your capital and grow as a trader, treat OBSIDIAN as a supporting framework, not a standalone decision maker.
you are the risk manager. Protect your capital first, trade safely, and let the edge play out over time.
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.