OPEN-SOURCE SCRIPT
byquan GP + Cluster
GP + Cluster
This indicator is a multi-timeframe Stochastic RSI (SRSI) channel designed to help traders identify dynamic support/resistance zones, filtered reversal points, and high-probability cluster formations.
Key Features:
Multi-Timeframe SRSI Channel: Combines Stochastic RSI from 4 different hourly timeframes (default: 3H, 6H, 12H, 24H) to create a smoothed channel showing collective momentum behavior.
Filtered Local Extremes: Detects significant local highs and lows with a minimum price difference filter to reduce noise and highlight only meaningful turning points.
Cluster Detection: Automatically identifies MIN-MAX-MIN and MAX-MIN-MAX patterns within a user-defined window (default 200 bars). These clusters often indicate areas of strong momentum exhaustion or potential reversals.
Extreme Confirmation System: Tracks price action after crossing key levels (20/80) and confirms reversals after a user-defined number of bars.
Visual Zones: Clear color-coded background zones (Oversold, Neutral, Overbought) and channel fill for better readability.
How to Use:
Channel Analysis:
The channel (Min/Max) represents broader momentum. Price near the upper band (green) suggests strength, while near the lower band (red) suggests weakness.
Filtered Extremes:
Red "MAX" and Lime "MIN" labels mark high-probability swing points.
Cluster Signals:
Background color + labels highlight MIN-MAX-MIN (lime) and MAX-MIN-MAX (red) clusters. These are often strong inflection zones.
Confirmed Reversals:
Yellow circles show initial crosses through the mid-level (50).
Lime/Red circles mark confirmed extremes after sustained momentum in one direction.
Settings:
Adjustable K/D smoothing, RSI & Stoch lengths
Customizable multi-timeframe inputs (in hours)
Watch levels (20/50/80), confirmation bars, lookback periods, and cluster window
This tool works on all timeframes but performs best when used on lower timeframes while referencing higher hourly momentum.
Disclaimer: This indicator is provided for educational and informational purposes only. It does not constitute financial advice. Always do your own research and backtest thoroughly before using any trading strategy.
This indicator is a multi-timeframe Stochastic RSI (SRSI) channel designed to help traders identify dynamic support/resistance zones, filtered reversal points, and high-probability cluster formations.
Key Features:
Multi-Timeframe SRSI Channel: Combines Stochastic RSI from 4 different hourly timeframes (default: 3H, 6H, 12H, 24H) to create a smoothed channel showing collective momentum behavior.
Filtered Local Extremes: Detects significant local highs and lows with a minimum price difference filter to reduce noise and highlight only meaningful turning points.
Cluster Detection: Automatically identifies MIN-MAX-MIN and MAX-MIN-MAX patterns within a user-defined window (default 200 bars). These clusters often indicate areas of strong momentum exhaustion or potential reversals.
Extreme Confirmation System: Tracks price action after crossing key levels (20/80) and confirms reversals after a user-defined number of bars.
Visual Zones: Clear color-coded background zones (Oversold, Neutral, Overbought) and channel fill for better readability.
How to Use:
Channel Analysis:
The channel (Min/Max) represents broader momentum. Price near the upper band (green) suggests strength, while near the lower band (red) suggests weakness.
Filtered Extremes:
Red "MAX" and Lime "MIN" labels mark high-probability swing points.
Cluster Signals:
Background color + labels highlight MIN-MAX-MIN (lime) and MAX-MIN-MAX (red) clusters. These are often strong inflection zones.
Confirmed Reversals:
Yellow circles show initial crosses through the mid-level (50).
Lime/Red circles mark confirmed extremes after sustained momentum in one direction.
Settings:
Adjustable K/D smoothing, RSI & Stoch lengths
Customizable multi-timeframe inputs (in hours)
Watch levels (20/50/80), confirmation bars, lookback periods, and cluster window
This tool works on all timeframes but performs best when used on lower timeframes while referencing higher hourly momentum.
Disclaimer: This indicator is provided for educational and informational purposes only. It does not constitute financial advice. Always do your own research and backtest thoroughly before using any trading strategy.
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.