OPEN-SOURCE SCRIPT
QuantLine Bottom Indicator Lite
QuantLine Bottom Indicator Lite scores market bottoming as a PROCESS, not a single candle.
It counts how many independent public-domain exhaustion conditions align at once and
shows score X/5:
1) Mayer Multiple — price / long moving average (default 200). Lamp ON when deeply
undervalued vs the MA (user threshold, default 0.8).
2) Higher-timeframe RSI — RSI on Daily, Weekly, or Monthly. Lamp ON when HTF RSI is
oversold (default ≤ 35).
3) Volume capitulation — volume spike on a red candle. Lamp ON when volume ≥ N× its
average (default 2×) and the bar closes lower.
4) Drawdown from peak — % decline from an N-period high (default 200 bars, 40%).
5) Bollinger stretch — close below the lower Bollinger Band (default 20, 2σ).
Why combine five conditions:
A single indicator (e.g. RSI alone) often fires early or late. Bottoms in practice tend
to form when valuation (Mayer), timeframe (HTF RSI), volume (capitulation), drawdown,
and stretch (BB) converge. The X/5 score is a convergence meter — exhaustion building
across independent dimensions, not a precise buy point.
How to use:
• Best on Daily or Weekly charts (swing/macro context, not scalping).
• 0–1/5: few exhaustion signs — continuation more likely.
• 3/5+ (default highlight): exhaustion building — start watching for your own structure.
• 4–5/5: deep exhaustion zone — historically where reversals often originate; exact low
timing remains uncertain.
Optional alert when score reaches your threshold — observation only.
All thresholds are user-adjustable generic defaults. No on-chain data, no proprietary
calibration, no entries/stops/targets.
Educational context tool only. Not financial advice.
It counts how many independent public-domain exhaustion conditions align at once and
shows score X/5:
1) Mayer Multiple — price / long moving average (default 200). Lamp ON when deeply
undervalued vs the MA (user threshold, default 0.8).
2) Higher-timeframe RSI — RSI on Daily, Weekly, or Monthly. Lamp ON when HTF RSI is
oversold (default ≤ 35).
3) Volume capitulation — volume spike on a red candle. Lamp ON when volume ≥ N× its
average (default 2×) and the bar closes lower.
4) Drawdown from peak — % decline from an N-period high (default 200 bars, 40%).
5) Bollinger stretch — close below the lower Bollinger Band (default 20, 2σ).
Why combine five conditions:
A single indicator (e.g. RSI alone) often fires early or late. Bottoms in practice tend
to form when valuation (Mayer), timeframe (HTF RSI), volume (capitulation), drawdown,
and stretch (BB) converge. The X/5 score is a convergence meter — exhaustion building
across independent dimensions, not a precise buy point.
How to use:
• Best on Daily or Weekly charts (swing/macro context, not scalping).
• 0–1/5: few exhaustion signs — continuation more likely.
• 3/5+ (default highlight): exhaustion building — start watching for your own structure.
• 4–5/5: deep exhaustion zone — historically where reversals often originate; exact low
timing remains uncertain.
Optional alert when score reaches your threshold — observation only.
All thresholds are user-adjustable generic defaults. No on-chain data, no proprietary
calibration, no entries/stops/targets.
Educational context tool only. Not financial advice.
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免責事項
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。