OPEN-SOURCE SCRIPT
byquan GP + Cluster
GP + Cluster
This indicator is a multi-timeframe Stochastic RSI (SRSI) channel designed to help traders identify dynamic support/resistance zones, filtered reversal points, and high-probability cluster formations.
Key Features:
Multi-Timeframe SRSI Channel: Combines Stochastic RSI from 4 different hourly timeframes (default: 3H, 6H, 12H, 24H) to create a smoothed channel showing collective momentum behavior.
Filtered Local Extremes: Detects significant local highs and lows with a minimum price difference filter to reduce noise and highlight only meaningful turning points.
Cluster Detection: Automatically identifies MIN-MAX-MIN and MAX-MIN-MAX patterns within a user-defined window (default 200 bars). These clusters often indicate areas of strong momentum exhaustion or potential reversals.
Extreme Confirmation System: Tracks price action after crossing key levels (20/80) and confirms reversals after a user-defined number of bars.
Visual Zones: Clear color-coded background zones (Oversold, Neutral, Overbought) and channel fill for better readability.
How to Use:
Channel Analysis:
The channel (Min/Max) represents broader momentum. Price near the upper band (green) suggests strength, while near the lower band (red) suggests weakness.
Filtered Extremes:
Red "MAX" and Lime "MIN" labels mark high-probability swing points.
Cluster Signals:
Background color + labels highlight MIN-MAX-MIN (lime) and MAX-MIN-MAX (red) clusters. These are often strong inflection zones.
Confirmed Reversals:
Yellow circles show initial crosses through the mid-level (50).
Lime/Red circles mark confirmed extremes after sustained momentum in one direction.
Settings:
Adjustable K/D smoothing, RSI & Stoch lengths
Customizable multi-timeframe inputs (in hours)
Watch levels (20/50/80), confirmation bars, lookback periods, and cluster window
This tool works on all timeframes but performs best when used on lower timeframes while referencing higher hourly momentum.
Disclaimer: This indicator is provided for educational and informational purposes only. It does not constitute financial advice. Always do your own research and backtest thoroughly before using any trading strategy.
This indicator is a multi-timeframe Stochastic RSI (SRSI) channel designed to help traders identify dynamic support/resistance zones, filtered reversal points, and high-probability cluster formations.
Key Features:
Multi-Timeframe SRSI Channel: Combines Stochastic RSI from 4 different hourly timeframes (default: 3H, 6H, 12H, 24H) to create a smoothed channel showing collective momentum behavior.
Filtered Local Extremes: Detects significant local highs and lows with a minimum price difference filter to reduce noise and highlight only meaningful turning points.
Cluster Detection: Automatically identifies MIN-MAX-MIN and MAX-MIN-MAX patterns within a user-defined window (default 200 bars). These clusters often indicate areas of strong momentum exhaustion or potential reversals.
Extreme Confirmation System: Tracks price action after crossing key levels (20/80) and confirms reversals after a user-defined number of bars.
Visual Zones: Clear color-coded background zones (Oversold, Neutral, Overbought) and channel fill for better readability.
How to Use:
Channel Analysis:
The channel (Min/Max) represents broader momentum. Price near the upper band (green) suggests strength, while near the lower band (red) suggests weakness.
Filtered Extremes:
Red "MAX" and Lime "MIN" labels mark high-probability swing points.
Cluster Signals:
Background color + labels highlight MIN-MAX-MIN (lime) and MAX-MIN-MAX (red) clusters. These are often strong inflection zones.
Confirmed Reversals:
Yellow circles show initial crosses through the mid-level (50).
Lime/Red circles mark confirmed extremes after sustained momentum in one direction.
Settings:
Adjustable K/D smoothing, RSI & Stoch lengths
Customizable multi-timeframe inputs (in hours)
Watch levels (20/50/80), confirmation bars, lookback periods, and cluster window
This tool works on all timeframes but performs best when used on lower timeframes while referencing higher hourly momentum.
Disclaimer: This indicator is provided for educational and informational purposes only. It does not constitute financial advice. Always do your own research and backtest thoroughly before using any trading strategy.
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.