OPEN-SOURCE SCRIPT
Psycho Flip - Stiletto Ops - Ladies Edition
TITLE: Psycho Flip - Stiletto Ops
DESCRIPTION:
The Psycho Flip - Stiletto Ops is a technical utility script that combines volatility tracking, volume-weighted analysis, and price action filters into a single indicator. Its primary purpose is to help traders visually differentiate between low-liquidity consolidation and volume-backed momentum, while identifying structural exhaustion points.
To comply with script publishing guidelines, here is the explicit breakdown of the underlying calculations and methodology:
1. Volatility & Compression Filtering (Grey-Out Feature)
Methodology: The script calculates a standard 14-period Average True Range (ATR) and smooths it using a 50-period Simple Moving Average (SMA). Simultaneously, it tracks standard volume against a 50-period Volume SMA.
Execution: When the current bar's volume is below the 50-Volume SMA, AND the current 14-ATR is below the 50-ATR SMA, the script alters the bar color to grey. This visually indicates a statistically low-volatility and low-liquidity market environment.
2. Momentum Identification (Bounding Boxes)
Methodology: The script scans for significant momentum expansion using a dual-condition threshold.
Execution: A bounding box is plotted over the candles only when current volume exceeds the 50-period Volume SMA by a factor of 2.0x or higher, AND the current candle's directional body (open to close) accounts for at least 60% of its total high-low range. This isolates bars with both high participation and directional conviction.
3. Dynamic Anchored VWAP
Methodology: Rather than anchoring to a fixed time or session, the script utilizes a dynamic accumulator for volume and price.
Execution: When the Momentum Identification conditions (Step 2) are met, the script automatically resets its anchor. It plots a live Volume Weighted Average Price (VWAP) originating from that specific high-volume expansion bar, tracking the average cost-basis of the resulting price movement.
4. Exhaustion Detection (Text Labels)
Methodology: The script utilizes a 5-bar lookback period (ta.highest and ta.lowest) to identify local structural extremes.
Execution: If price forms a new local high or low, the script evaluates the candle's profile. If the candle is a Doji (where the body is less than 35% of the total range) AND the volume is below the 50-period Volume SMA, the script prints a text label above/below the bar. This highlights a structural extreme forming on below-average market participation. Note: The UI contains a thematic setting ("Queen Bee") that alters the text of these standard alerts for behavioral finance tracking.
HOW TO USE:
Trend Context: Utilize the Auto-Anchored VWAP line as dynamic support/resistance.
Filter Consolidation: Use the grey-colored bars to identify periods where volatility is statistically compressed.
Exhaustion Flags: Use the text labels at local highs/lows to identify potential reversal points forming on low volume.
DESCRIPTION:
The Psycho Flip - Stiletto Ops is a technical utility script that combines volatility tracking, volume-weighted analysis, and price action filters into a single indicator. Its primary purpose is to help traders visually differentiate between low-liquidity consolidation and volume-backed momentum, while identifying structural exhaustion points.
To comply with script publishing guidelines, here is the explicit breakdown of the underlying calculations and methodology:
1. Volatility & Compression Filtering (Grey-Out Feature)
Methodology: The script calculates a standard 14-period Average True Range (ATR) and smooths it using a 50-period Simple Moving Average (SMA). Simultaneously, it tracks standard volume against a 50-period Volume SMA.
Execution: When the current bar's volume is below the 50-Volume SMA, AND the current 14-ATR is below the 50-ATR SMA, the script alters the bar color to grey. This visually indicates a statistically low-volatility and low-liquidity market environment.
2. Momentum Identification (Bounding Boxes)
Methodology: The script scans for significant momentum expansion using a dual-condition threshold.
Execution: A bounding box is plotted over the candles only when current volume exceeds the 50-period Volume SMA by a factor of 2.0x or higher, AND the current candle's directional body (open to close) accounts for at least 60% of its total high-low range. This isolates bars with both high participation and directional conviction.
3. Dynamic Anchored VWAP
Methodology: Rather than anchoring to a fixed time or session, the script utilizes a dynamic accumulator for volume and price.
Execution: When the Momentum Identification conditions (Step 2) are met, the script automatically resets its anchor. It plots a live Volume Weighted Average Price (VWAP) originating from that specific high-volume expansion bar, tracking the average cost-basis of the resulting price movement.
4. Exhaustion Detection (Text Labels)
Methodology: The script utilizes a 5-bar lookback period (ta.highest and ta.lowest) to identify local structural extremes.
Execution: If price forms a new local high or low, the script evaluates the candle's profile. If the candle is a Doji (where the body is less than 35% of the total range) AND the volume is below the 50-period Volume SMA, the script prints a text label above/below the bar. This highlights a structural extreme forming on below-average market participation. Note: The UI contains a thematic setting ("Queen Bee") that alters the text of these standard alerts for behavioral finance tracking.
HOW TO USE:
Trend Context: Utilize the Auto-Anchored VWAP line as dynamic support/resistance.
Filter Consolidation: Use the grey-colored bars to identify periods where volatility is statistically compressed.
Exhaustion Flags: Use the text labels at local highs/lows to identify potential reversal points forming on low volume.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
STEALTH UMBRELLA PROJECTIONS - 🚁 CODE3RECON : TACTICAL ALGO SYSTEMS
Unlock the INTEL HERE - stealth-umbrella.com
Ulysses Ken Eldridge (CodeFather82) | Lead Quant Architect
© Stealth Umbrella Projections, LLC
Unlock the INTEL HERE - stealth-umbrella.com
Ulysses Ken Eldridge (CodeFather82) | Lead Quant Architect
© Stealth Umbrella Projections, LLC
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
STEALTH UMBRELLA PROJECTIONS - 🚁 CODE3RECON : TACTICAL ALGO SYSTEMS
Unlock the INTEL HERE - stealth-umbrella.com
Ulysses Ken Eldridge (CodeFather82) | Lead Quant Architect
© Stealth Umbrella Projections, LLC
Unlock the INTEL HERE - stealth-umbrella.com
Ulysses Ken Eldridge (CodeFather82) | Lead Quant Architect
© Stealth Umbrella Projections, LLC
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.