OPEN-SOURCE SCRIPT
RSI Bands + FVG Dynamic Box + ADX [Clean & Fixed]
1. Understanding the 3 Core Signals of the Indicator
RSI Bands (Upper, Lower, and Gray Midline)
Red Line (UB): Acts as a strong price resistance line, equivalent to RSI 70 (Overbought).
Green Line (LB): Acts as a strong price support line, equivalent to RSI 30 (Oversold).
Gray Line (Mid): Represents the trend filter, equivalent to RSI 50 (Bullish bias when price is above, Bearish bias when below).
FVG Dynamic Boxes (Aqua / Orange Boxes)
Aqua Box (Bullish FVG): A liquidity gap created when smart money aggressively pumps the price. It serves as a strong support zone when price retraces. The box automatically disappears when completely broken downwards.
Orange Box (Bearish FVG): A liquidity gap created when smart money aggressively dumps the price. It serves as a strong resistance zone during relief rallies. The box automatically disappears when completely broken upwards.
Purple Candle (ADX Reversal from Squeeze)
Indicates a trend pivot point where trend strength (ADX) hooks up from the squeeze zone (below 20), signaling the start of a strong directional move.
2. Practical Trading Strategies (Entry, Stop Loss, Take Profit)
🟢 Long (Buy) Strategy: Dip Buying with Trend Continuation
This setup enters at the exact pullback zone where market makers shake out retail traders before expanding the price upwards.
Setup Checklist: Wait for an Aqua Box (Bullish FVG) to form, and let the price pull back into this box area.
Entry Trigger: Enter a Long position when the price finds support inside the Aqua Box AND a Purple Candle (ADX Reversal) prints, or when the price convincingly breaks above the Gray Midline.
Stop Loss: Place your stop loss right below the Bottom of the Aqua Box (Invalidation point where institutional support fails).
Take Profit: Scale out or exit the position when the price reaches or pierces the Red Upper Band (Resistance).
🔴 Short (Sell) Strategy: Rejection at Supply Zone
This setup capitalizes on trapped buyers during a relief rally into institutional supply zones before the next leg down.
Setup Checklist: Wait for an Orange Box (Bearish FVG) to form, and let the price rally up into this orange box area.
Entry Trigger: Enter a Short position when the price gets rejected inside the Orange Box AND a Purple Candle (ADX Reversal) prints, or when the price breaks down below the Gray Midline.
Stop Loss: Place your stop loss right above the Top of the Orange Box.
Take Profit: Exit the position when the price slides down to the Green Lower Band (Support).
💡 Golden Trading Tips for This System
Box Lifespan: Thanks to the dynamic code logic, boxes stop expanding when the price mitigates (fills) the gap. Therefore, longer boxes indicate much stronger, unmitigated institutional orders than short-lived ones.
The Rule of the Purple Candle: A purple candle does not blindly mean "buy." It simply means "volatility is exploding in one direction." Always use the Gray Midline as a directional filter: if a purple candle appears while the price is above the midline, look for longs. If it appears below the midline, look for shorts.
RSI Bands (Upper, Lower, and Gray Midline)
Red Line (UB): Acts as a strong price resistance line, equivalent to RSI 70 (Overbought).
Green Line (LB): Acts as a strong price support line, equivalent to RSI 30 (Oversold).
Gray Line (Mid): Represents the trend filter, equivalent to RSI 50 (Bullish bias when price is above, Bearish bias when below).
FVG Dynamic Boxes (Aqua / Orange Boxes)
Aqua Box (Bullish FVG): A liquidity gap created when smart money aggressively pumps the price. It serves as a strong support zone when price retraces. The box automatically disappears when completely broken downwards.
Orange Box (Bearish FVG): A liquidity gap created when smart money aggressively dumps the price. It serves as a strong resistance zone during relief rallies. The box automatically disappears when completely broken upwards.
Purple Candle (ADX Reversal from Squeeze)
Indicates a trend pivot point where trend strength (ADX) hooks up from the squeeze zone (below 20), signaling the start of a strong directional move.
2. Practical Trading Strategies (Entry, Stop Loss, Take Profit)
🟢 Long (Buy) Strategy: Dip Buying with Trend Continuation
This setup enters at the exact pullback zone where market makers shake out retail traders before expanding the price upwards.
Setup Checklist: Wait for an Aqua Box (Bullish FVG) to form, and let the price pull back into this box area.
Entry Trigger: Enter a Long position when the price finds support inside the Aqua Box AND a Purple Candle (ADX Reversal) prints, or when the price convincingly breaks above the Gray Midline.
Stop Loss: Place your stop loss right below the Bottom of the Aqua Box (Invalidation point where institutional support fails).
Take Profit: Scale out or exit the position when the price reaches or pierces the Red Upper Band (Resistance).
🔴 Short (Sell) Strategy: Rejection at Supply Zone
This setup capitalizes on trapped buyers during a relief rally into institutional supply zones before the next leg down.
Setup Checklist: Wait for an Orange Box (Bearish FVG) to form, and let the price rally up into this orange box area.
Entry Trigger: Enter a Short position when the price gets rejected inside the Orange Box AND a Purple Candle (ADX Reversal) prints, or when the price breaks down below the Gray Midline.
Stop Loss: Place your stop loss right above the Top of the Orange Box.
Take Profit: Exit the position when the price slides down to the Green Lower Band (Support).
💡 Golden Trading Tips for This System
Box Lifespan: Thanks to the dynamic code logic, boxes stop expanding when the price mitigates (fills) the gap. Therefore, longer boxes indicate much stronger, unmitigated institutional orders than short-lived ones.
The Rule of the Purple Candle: A purple candle does not blindly mean "buy." It simply means "volatility is exploding in one direction." Always use the Gray Midline as a directional filter: if a purple candle appears while the price is above the midline, look for longs. If it appears below the midline, look for shorts.
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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。