OPEN-SOURCE SCRIPT
QuantLine Compass Lite V3
QuantLine Compass Lite combines four public-domain flow components into a single
-100..+100 "needle" for directional market context:
1) Volume-weighted RSI (RSIVol) — RSI of EMA(price×volume)/EMA(volume). Measures whether
volume supports the price move (0–100 scale).
2) WaveTrend (LazyBear method) — classic momentum oscillator from EMA-smoothed price
deviation. Captures short-term impulse and mean-reversion pressure.
3) Twiggs Money Flow — accumulation/distribution using Wilder smoothing. Shows whether
money is flowing into or out of the asset.
4) USDT.D 1h change (optional) — hourly change in USDT dominance (CRYPTOCAP:USDT.D).
Inverted in the composite: rising USDT.D = risk-off tilt for crypto; falling = risk-on.
Why combine four instead of publishing four separate scripts:
No single public indicator fully describes "flow." RSIVol adds volume confirmation to
price momentum. WaveTrend catches impulse shifts. Twiggs Money Flow tracks directional
money flow. USDT.D adds a macro stablecoin risk layer. Averaging normalized components
into one needle reduces noise from any single source and gives one readable context gauge.
How to read:
• Needle ≥ +20: bullish flow regime (optional green background)
• Needle ≤ -20: bearish flow regime (optional red background)
• Between ±20: neutral / PASS context
• Corner table: arrow, flow state, strength 0–100, RSIVol with overheat/oversold warnings
(defaults: ≥83 overheat, ≤17 oversold)
• Small triangles: needle crosses ±20 (regime flip — context change, not an entry)
Optional alerts fire on those crosses for observation only.
What this script does NOT include:
No liquidation data, no open-interest composite, no proprietary scoring weights, no
entries, stops, or targets. Educational context overlay — not a trading system.
Credits: WaveTrend — LazyBear; Twiggs Money Flow — Colin Twiggs.
Not financial advice.
-100..+100 "needle" for directional market context:
1) Volume-weighted RSI (RSIVol) — RSI of EMA(price×volume)/EMA(volume). Measures whether
volume supports the price move (0–100 scale).
2) WaveTrend (LazyBear method) — classic momentum oscillator from EMA-smoothed price
deviation. Captures short-term impulse and mean-reversion pressure.
3) Twiggs Money Flow — accumulation/distribution using Wilder smoothing. Shows whether
money is flowing into or out of the asset.
4) USDT.D 1h change (optional) — hourly change in USDT dominance (CRYPTOCAP:USDT.D).
Inverted in the composite: rising USDT.D = risk-off tilt for crypto; falling = risk-on.
Why combine four instead of publishing four separate scripts:
No single public indicator fully describes "flow." RSIVol adds volume confirmation to
price momentum. WaveTrend catches impulse shifts. Twiggs Money Flow tracks directional
money flow. USDT.D adds a macro stablecoin risk layer. Averaging normalized components
into one needle reduces noise from any single source and gives one readable context gauge.
How to read:
• Needle ≥ +20: bullish flow regime (optional green background)
• Needle ≤ -20: bearish flow regime (optional red background)
• Between ±20: neutral / PASS context
• Corner table: arrow, flow state, strength 0–100, RSIVol with overheat/oversold warnings
(defaults: ≥83 overheat, ≤17 oversold)
• Small triangles: needle crosses ±20 (regime flip — context change, not an entry)
Optional alerts fire on those crosses for observation only.
What this script does NOT include:
No liquidation data, no open-interest composite, no proprietary scoring weights, no
entries, stops, or targets. Educational context overlay — not a trading system.
Credits: WaveTrend — LazyBear; Twiggs Money Flow — Colin Twiggs.
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.