OPEN-SOURCE SCRIPT
Dynamic Grid Trend Reversals with alerts
Dynamic Grid Trend Reversals with alerts
OVERVIEW
This indicator finds pullbacks that are likely to snap back in the direction of the trend. It draws a volatility grid around a trend baseline and marks the moment price turns back toward the baseline. Signals only appear in the trend direction, and each one is graded by how far price stretched before turning.
CREDITS
This script is a modified version of Dynamic Grid Indicator [BigBeluga] by BigBeluga, Full credit goes to BigBeluga for the baseline, the volatility grid and the dashboard concept.
HOW IT WORKS
Baseline: a 150-period Hull Moving Average. It turns green while rising (uptrend) and red while falling (downtrend).
Grid: lines above (+1, +2, +3) and below (-1, -2, -3) the baseline, spaced by ATR. They widen in volatile markets and tighten in quiet ones.
Dashboard: shows where price sits on the grid right now.
SIGNALS
Buy (green ▲): the baseline is green, price has dipped below it, and a candle closes back above a lower grid line.
Sell (red ▼): the baseline is red, price has rallied above it, and a candle closes back below an upper grid line.
Each signal is graded by how far price stretched (wicks included) over the recent candles before it turned:
Reached ±1 → Buy / Sell
Reached ±2 → Buy Buy / Sell Sell
Reached ±3 or further → Must Buy / Must Sell
The further price stretches from its average, the stronger the pull back toward it tends to be.
HOW TO USE IT
Read the baseline colour first. Only look for buys when it's green and sells when it's red.
Wait for the signal. Signals print only after the candle closes, so they never repaint.
Use the grade to size your conviction. Must Buy / Must Sell signals come from the most stretched moves.
A natural profit target is the baseline itself, the "fair value" price is returning to. Place the stop beyond the extreme of the stretch.
Works best in trending or gently ranging markets. In very choppy conditions, raise the Minimum Bar Gap to filter noise.
ALERTS & OUTPUTS
Six alerts are included: Buy, Buy Buy, Must Buy, Sell, Sell Sell and Must Sell. Create them with "Once Per Bar Close". Each grade is also exposed as a 1/0 output in the Data Window, so you can use the signals in other tools and automations.
CHANGES FROM THE ORIGINAL
Signals filtered to the trend direction only: buys below a rising baseline, sells above a falling one.
Signals graded into three strengths by how far price stretched, using wicks over recent candles.
Signal labels show their grade (Buy / Buy Buy / Must Buy, Sell / Sell Sell / Must Sell).
Oscillator pane removed; everything is shown on the price chart.
Calculates on the full chart history instead of the last 3,000 candles.
Six graded alerts and six 1/0 outputs added for automation.
Non-repainting: signals are confirmed on candle close.
SETTINGS
Same defaults as the original: HMA 150, ATR 100, ATR step 1.6, 3 grid levels, proximity 0.5, minimum gap of 10 candles between signals. Colours, label sizes and dashboard position can be adjusted.
DISCLAIMER
This indicator is for educational purposes only and is not financial advice. No indicator is right every time. Always confirm signals with your own analysis and use proper risk management.
OVERVIEW
This indicator finds pullbacks that are likely to snap back in the direction of the trend. It draws a volatility grid around a trend baseline and marks the moment price turns back toward the baseline. Signals only appear in the trend direction, and each one is graded by how far price stretched before turning.
CREDITS
This script is a modified version of Dynamic Grid Indicator [BigBeluga] by BigBeluga, Full credit goes to BigBeluga for the baseline, the volatility grid and the dashboard concept.
HOW IT WORKS
Baseline: a 150-period Hull Moving Average. It turns green while rising (uptrend) and red while falling (downtrend).
Grid: lines above (+1, +2, +3) and below (-1, -2, -3) the baseline, spaced by ATR. They widen in volatile markets and tighten in quiet ones.
Dashboard: shows where price sits on the grid right now.
SIGNALS
Buy (green ▲): the baseline is green, price has dipped below it, and a candle closes back above a lower grid line.
Sell (red ▼): the baseline is red, price has rallied above it, and a candle closes back below an upper grid line.
Each signal is graded by how far price stretched (wicks included) over the recent candles before it turned:
Reached ±1 → Buy / Sell
Reached ±2 → Buy Buy / Sell Sell
Reached ±3 or further → Must Buy / Must Sell
The further price stretches from its average, the stronger the pull back toward it tends to be.
HOW TO USE IT
Read the baseline colour first. Only look for buys when it's green and sells when it's red.
Wait for the signal. Signals print only after the candle closes, so they never repaint.
Use the grade to size your conviction. Must Buy / Must Sell signals come from the most stretched moves.
A natural profit target is the baseline itself, the "fair value" price is returning to. Place the stop beyond the extreme of the stretch.
Works best in trending or gently ranging markets. In very choppy conditions, raise the Minimum Bar Gap to filter noise.
ALERTS & OUTPUTS
Six alerts are included: Buy, Buy Buy, Must Buy, Sell, Sell Sell and Must Sell. Create them with "Once Per Bar Close". Each grade is also exposed as a 1/0 output in the Data Window, so you can use the signals in other tools and automations.
CHANGES FROM THE ORIGINAL
Signals filtered to the trend direction only: buys below a rising baseline, sells above a falling one.
Signals graded into three strengths by how far price stretched, using wicks over recent candles.
Signal labels show their grade (Buy / Buy Buy / Must Buy, Sell / Sell Sell / Must Sell).
Oscillator pane removed; everything is shown on the price chart.
Calculates on the full chart history instead of the last 3,000 candles.
Six graded alerts and six 1/0 outputs added for automation.
Non-repainting: signals are confirmed on candle close.
SETTINGS
Same defaults as the original: HMA 150, ATR 100, ATR step 1.6, 3 grid levels, proximity 0.5, minimum gap of 10 candles between signals. Colours, label sizes and dashboard position can be adjusted.
DISCLAIMER
This indicator is for educational purposes only and is not financial advice. No indicator is right every time. Always confirm signals with your own analysis and use proper risk management.
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.