OPEN-SOURCE SCRIPT
QuantLine Geometric Conflict Lite V2
QuantLine Geometric Conflict Lite asks one question: where is BTC inside its own range —
and where are the alts inside theirs?
If BTC sits near the TOP of its range while most alts sit near the BOTTOM of theirs,
"long the alt off support" setups can look valid but often rest on borrowed strength —
BTC simply has not rolled over yet.
How it is calculated:
For each asset, position inside its own range on a chosen timeframe (default 4H):
pos = (last - range_low) / (range_high - range_low)
• 0 = at support (floor) · 1 = at resistance (ceiling) · 0.5 = mid-range
Headline metric — gap in percentage points:
conflict = (btc_pos - median(alt_pos)) * 100
Verdict (default ±30 pp — user-adjustable hypothesis, not a validated signal):
• ≥ +threshold → CONFLICT: BTC near ceiling, alts near floor. Handle alt support longs
with care.
• ≤ -threshold → INVERSE: mirror — BTC low, alts high.
• between → AGREEMENT: same part of their ranges — no contradiction.
Details:
• Degenerate ranges dropped if width < min % of price (default 0.5%).
• "Alts at floor N/M" counts basket members with pos ≤ 0.33.
• Basket is a fixed set of major crypto pairs, editable in settings. Keep it crypto —
session-gapped stock tickers distort a 24/7 breadth read.
Why this is not just a mashup of unrelated plots:
It measures one breadth relationship (BTC range position vs median alt range position)
and turns it into a single readable gap + verdict. Teaching lens for "whose strength is
this move standing on?" — not an entry system.
No entries, stops, or targets. No liquidation/OI/on-chain data. Not financial advice.
and where are the alts inside theirs?
If BTC sits near the TOP of its range while most alts sit near the BOTTOM of theirs,
"long the alt off support" setups can look valid but often rest on borrowed strength —
BTC simply has not rolled over yet.
How it is calculated:
For each asset, position inside its own range on a chosen timeframe (default 4H):
pos = (last - range_low) / (range_high - range_low)
• 0 = at support (floor) · 1 = at resistance (ceiling) · 0.5 = mid-range
Headline metric — gap in percentage points:
conflict = (btc_pos - median(alt_pos)) * 100
Verdict (default ±30 pp — user-adjustable hypothesis, not a validated signal):
• ≥ +threshold → CONFLICT: BTC near ceiling, alts near floor. Handle alt support longs
with care.
• ≤ -threshold → INVERSE: mirror — BTC low, alts high.
• between → AGREEMENT: same part of their ranges — no contradiction.
Details:
• Degenerate ranges dropped if width < min % of price (default 0.5%).
• "Alts at floor N/M" counts basket members with pos ≤ 0.33.
• Basket is a fixed set of major crypto pairs, editable in settings. Keep it crypto —
session-gapped stock tickers distort a 24/7 breadth read.
Why this is not just a mashup of unrelated plots:
It measures one breadth relationship (BTC range position vs median alt range position)
and turns it into a single readable gap + verdict. Teaching lens for "whose strength is
this move standing on?" — not an entry system.
No entries, stops, or targets. No liquidation/OI/on-chain data. Not financial advice.
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.
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.
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.