OPEN-SOURCE SCRIPT
Skippy the Indicator v1.8.4
Multi-timeframe MA-structure framework for short-timeframe momentum trading. Codifies a full squeeze-to-exit sequence — squeeze arming, 50ma curl, MA-stack trigger, MA5 ride, staged exit — into plain-language labels, a state machine, and a dashboard.
THE SEQUENCE
The core logic walks one setup from start to finish:
WATCH → READY → BUY → HOLD → TRIM or SELL
WATCH — Squeeze armed. Bollinger Bands are inside the Keltner Channels; energy is compressing.
READY ▲/▼ — The 50ma has begun to curl in the trade direction. Early heads-up.
BUY ▲/▼ — Gamma trigger. MA5, MA10, and MA20 have all closed beyond the 50ma, with the required number of confirmation closes (user-set, default 1). A ★ on the BUY marks a full-sequence setup: squeeze → curl → cross.
HOLD ▲/▼ — Price retested the MA5 and held (the glue). Trend intact.
TRIM ▲/▼ — MA5 glue failed. The leg is done but the thesis is alive. Lighten and watch for re-entry. This is NOT an exit signal.
SELL ▲/▼ — Price rejected at the 50ma with confirmed closes. Thesis dead.
TRIM vs SELL is the one distinction not to blur: orange means the leg ended, red means the trade ended.
A Display toggle switches all labels to technical names (ARMED / CURL / GLUE ✓✗ / ✕50) if you prefer.
REVERSAL SIGNALS
PR — Potential Reversal at a Bollinger Band extreme, RSI-confirmed. As of v0.8.4, PR fires intrabar the moment the high/low touches the band — non-repainting, since a bar's high/low can only extend, never retract. A toggle restores close-confirmed firing. PR is a mean-reversion signal and misfires in strong trends by design — that is what HOLD and the Direction row are for.
RIDE logic converts a failed fade into a continuation read: PR fires, then MA5 holds on the retest — the fade failed and the prior trend is resuming.
DASHBOARD
Seq State in plain language (WAITING / WATCHING / GETTING READY / IN TRADE / LEG DONE — WATCH RE-ENTRY), Direction from full MA-stack alignment, RSI veto row, Fast TFs (5/15/30m) and Slow TFs (1h/4h/D/W) bullish counts, cascading three-level target sequence, structure proximity (previous highs/lows, necklines — wick-measured as of v0.8.4), session window, and volume (informational only — it never gates signals).
Display options: Full (19 rows) or Compact (9 rows), Tiny/Small/Normal text size, and position. On phones use Compact + Tiny + bottom right.
ALERTS
Every label has a matching alert, and push notifications lead with the action word ("BUY ▲ — MA5/10/20 closed above 50ma"). PR and structure alerts use touch semantics — set alert frequency to "Once per bar."
READING IT
Trigger and exit logic is close-confirmed on the chart timeframe: "through" a level means a confirmed close, not a wick. The state machine reads one chart — always check higher timeframes before acting. Fast/slow TF agreement is the conviction read; disagreement is information (fast bear + slow bull = pullback in an uptrend, fast bull + slow bear = bounce in a downtrend).
This is a study and visual-verification tool, not trade advice and not an executor. The label words are signal names, not instructions — nothing here is a recommendation to buy or sell anything. Judge the signals against what actually happens and size your own risk.
THE SEQUENCE
The core logic walks one setup from start to finish:
WATCH → READY → BUY → HOLD → TRIM or SELL
WATCH — Squeeze armed. Bollinger Bands are inside the Keltner Channels; energy is compressing.
READY ▲/▼ — The 50ma has begun to curl in the trade direction. Early heads-up.
BUY ▲/▼ — Gamma trigger. MA5, MA10, and MA20 have all closed beyond the 50ma, with the required number of confirmation closes (user-set, default 1). A ★ on the BUY marks a full-sequence setup: squeeze → curl → cross.
HOLD ▲/▼ — Price retested the MA5 and held (the glue). Trend intact.
TRIM ▲/▼ — MA5 glue failed. The leg is done but the thesis is alive. Lighten and watch for re-entry. This is NOT an exit signal.
SELL ▲/▼ — Price rejected at the 50ma with confirmed closes. Thesis dead.
TRIM vs SELL is the one distinction not to blur: orange means the leg ended, red means the trade ended.
A Display toggle switches all labels to technical names (ARMED / CURL / GLUE ✓✗ / ✕50) if you prefer.
REVERSAL SIGNALS
PR — Potential Reversal at a Bollinger Band extreme, RSI-confirmed. As of v0.8.4, PR fires intrabar the moment the high/low touches the band — non-repainting, since a bar's high/low can only extend, never retract. A toggle restores close-confirmed firing. PR is a mean-reversion signal and misfires in strong trends by design — that is what HOLD and the Direction row are for.
RIDE logic converts a failed fade into a continuation read: PR fires, then MA5 holds on the retest — the fade failed and the prior trend is resuming.
DASHBOARD
Seq State in plain language (WAITING / WATCHING / GETTING READY / IN TRADE / LEG DONE — WATCH RE-ENTRY), Direction from full MA-stack alignment, RSI veto row, Fast TFs (5/15/30m) and Slow TFs (1h/4h/D/W) bullish counts, cascading three-level target sequence, structure proximity (previous highs/lows, necklines — wick-measured as of v0.8.4), session window, and volume (informational only — it never gates signals).
Display options: Full (19 rows) or Compact (9 rows), Tiny/Small/Normal text size, and position. On phones use Compact + Tiny + bottom right.
ALERTS
Every label has a matching alert, and push notifications lead with the action word ("BUY ▲ — MA5/10/20 closed above 50ma"). PR and structure alerts use touch semantics — set alert frequency to "Once per bar."
READING IT
Trigger and exit logic is close-confirmed on the chart timeframe: "through" a level means a confirmed close, not a wick. The state machine reads one chart — always check higher timeframes before acting. Fast/slow TF agreement is the conviction read; disagreement is information (fast bear + slow bull = pullback in an uptrend, fast bull + slow bear = bounce in a downtrend).
This is a study and visual-verification tool, not trade advice and not an executor. The label words are signal names, not instructions — nothing here is a recommendation to buy or sell anything. Judge the signals against what actually happens and size your own risk.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.