OPEN-SOURCE SCRIPT
Caelum Bias Ribbon [JOAT]
Caelum Bias Ribbon [JOAT]
Introduction
Caelum Bias Ribbon is a multi-timeframe ALMA consensus ribbon. It evaluates whether 15m, 1H, 4H, 1D, and 1W horizons are aligned, mixed, or overheated.
This open-source indicator is designed as a context tool, not a standalone trading system. It focuses on explaining the current market state with restrained visuals and confirmed-bar logic where signals are used.
Core Concepts
1. ALMA Deviation States
Each timeframe creates an ALMA center and deviation threshold to classify bullish, bearish, or neutral state.
2. Consensus Voting
The script counts aligned timeframes to identify broad directional agreement.
3. Overheat Tracking
Directional runs are counted so stretched multi-timeframe conditions can be marked without predicting reversal.
4. Ribbon Visualization
Colored ALMA ribbons and fills show agreement without heavy labels.
Pine Script®
Features
Input Parameters
How to Use This Script
Use Caelum as a directional filter. Strong agreement supports trend-following context; mixed readings warn that timeframes are not aligned.
Limitations
Originality Statement
Caelum is original in combining ALMA deviation states, multi-horizon voting, run-length overheat logic, and a clean ribbon display.
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any financial instrument. All calculations are derived from historical market data and may produce inaccurate readings in some market conditions. No indicator can predict future market behavior. Use proper risk management and independent judgment.
-Made with passion by jackofalltrades
Introduction
Caelum Bias Ribbon is a multi-timeframe ALMA consensus ribbon. It evaluates whether 15m, 1H, 4H, 1D, and 1W horizons are aligned, mixed, or overheated.
This open-source indicator is designed as a context tool, not a standalone trading system. It focuses on explaining the current market state with restrained visuals and confirmed-bar logic where signals are used.
Core Concepts
1. ALMA Deviation States
Each timeframe creates an ALMA center and deviation threshold to classify bullish, bearish, or neutral state.
2. Consensus Voting
The script counts aligned timeframes to identify broad directional agreement.
3. Overheat Tracking
Directional runs are counted so stretched multi-timeframe conditions can be marked without predicting reversal.
4. Ribbon Visualization
Colored ALMA ribbons and fills show agreement without heavy labels.
consensus = bullCount >= gate ? 1 : bearCount >= gate ? -1 : 0
Features
- Five-timeframe ALMA ribbon
- Consensus and mixed-state detection
- Overheat markers
- Consensus candle coloring
- Compact dashboard
Input Parameters
- Deviation factor
- ALMA length, offset, and sigma
- Deviation length
- Overheat run threshold
- Display toggles
How to Use This Script
Use Caelum as a directional filter. Strong agreement supports trend-following context; mixed readings warn that timeframes are not aligned.
Limitations
- The script uses historical OHLCV data and cannot know future prices.
- Signals and states can be late during fast reversals because confirmed-bar logic is used to reduce repainting.
- Model outputs should be interpreted with market context, risk controls, and independent analysis.
- No visual state should be treated as a certain trade outcome.
Originality Statement
Caelum is original in combining ALMA deviation states, multi-horizon voting, run-length overheat logic, and a clean ribbon display.
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any financial instrument. All calculations are derived from historical market data and may produce inaccurate readings in some market conditions. No indicator can predict future market behavior. Use proper risk management and independent judgment.
-Made with passion by jackofalltrades
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.
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jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
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.
The AI Trading Ecosystem, Built to win trades 📈
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
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.