OPEN-SOURCE SCRIPT

Axis Pressure Cartography [JOAT]

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Axis Pressure Cartography [JOAT]

Introduction

Axis Pressure Cartography is an open-source normalized pressure oscillator that measures how far price has deviated from a configurable moving average and classifies the resulting state into constructive, compressed, or overheated conditions.

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Core Concepts

1. Normalized MA distance

Price is measured against a configurable moving average and normalized against recent maximum deviation so different volatility regimes remain interpretable on the same scale.

2. State persistence

Pressure states are held using a confirmation window rather than flipping instantly on small changes, which reduces noise and creates a more stable regime read.

3. Envelope logic

Pressure envelopes define structural bounds around the oscillator so extreme expansion can be recognized as a separate state from ordinary constructive trend pressure.

Features

  • Normalized pressure oscillator and signal
  • Compression, expansion, and overheated-state classification
  • Envelope rails and pressure background tint
  • Compact institutional dashboard
  • Confirmed alerts for flips, releases, and exhaustion transitions


Disclaimer

This indicator is educational only. Extreme pressure can persist longer than expected, and compression can resolve in either direction.

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.