OPEN-SOURCE SCRIPT
업데이트됨 Positional Trading Indicator
What it shows:
1. Vol Val (Volume Value)
A liquidity filter. Computes the volume-weighted average price (VWAP) of the last 7 bars multiplied by total volume over the same period, expressed in Indian Rupee Crores. Colour-coded for quick reads:
🔴 Red — below ₹5 Cr (illiquid, avoid)
🟡 Yellow — ₹5–20 Cr (moderate liquidity)
🟢 Green — above ₹20 Cr (sufficient liquidity for positional sizing)
2. Trend (Pivot Structure)
Classifies the current trend using confirmed Pivot Highs and Lows (default 5/5 left-right, adjustable). Compares the last two confirmed pivot highs and lows to determine market structure:
🟢 Positive — Higher High + Higher Low (uptrend structure)
🟡 Neutral — Mixed structure (consolidation or transition)
🔴 Negative — Lower High + Lower Low (downtrend structure)
3. Mansfield Relative Strength
Plots the stock's performance relative to a benchmark index (default: NSE:CNX500) as a ratio, smoothed by a 52-week SMA — adapted from the classic Mansfield RS methodology used in Stage Analysis. Indicates whether the stock is outperforming or underperforming the broader market:
🟢 RS Positive — Stock ratio is above its 52W MA (outperforming)
🔴 RS Negative — Stock ratio is at or below its 52W MA (underperforming)
4. Demand Zones
Automatically identifies and draws the most recent active demand zone on the chart. A zone is defined by a minimum of 3 touch points (wick entries or closes inside the zone), with at least 2 bars between consecutive touches. Zone width is ATR-based (default 0.5× ATR), anchored at the low of the zone. Overlapping zones are merged into a single clean box. Zones are invalidated and removed once price closes below them.
5. Pivot Level Lines
Draws dashed horizontal lines from the most recent confirmed Pivot High (light blue) and Pivot Low (red), extending to the right — giving you instant visual reference for key structural levels.
Inputs & Customisation:
All parameters are adjustable — Vol Val lookback, liquidity thresholds, pivot left/right lengths, ATR multiplier, demand zone lookback, minimum touches, gap between touches, RS benchmark symbol, and RS MA length.
1. Vol Val (Volume Value)
A liquidity filter. Computes the volume-weighted average price (VWAP) of the last 7 bars multiplied by total volume over the same period, expressed in Indian Rupee Crores. Colour-coded for quick reads:
🔴 Red — below ₹5 Cr (illiquid, avoid)
🟡 Yellow — ₹5–20 Cr (moderate liquidity)
🟢 Green — above ₹20 Cr (sufficient liquidity for positional sizing)
2. Trend (Pivot Structure)
Classifies the current trend using confirmed Pivot Highs and Lows (default 5/5 left-right, adjustable). Compares the last two confirmed pivot highs and lows to determine market structure:
🟢 Positive — Higher High + Higher Low (uptrend structure)
🟡 Neutral — Mixed structure (consolidation or transition)
🔴 Negative — Lower High + Lower Low (downtrend structure)
3. Mansfield Relative Strength
Plots the stock's performance relative to a benchmark index (default: NSE:CNX500) as a ratio, smoothed by a 52-week SMA — adapted from the classic Mansfield RS methodology used in Stage Analysis. Indicates whether the stock is outperforming or underperforming the broader market:
🟢 RS Positive — Stock ratio is above its 52W MA (outperforming)
🔴 RS Negative — Stock ratio is at or below its 52W MA (underperforming)
4. Demand Zones
Automatically identifies and draws the most recent active demand zone on the chart. A zone is defined by a minimum of 3 touch points (wick entries or closes inside the zone), with at least 2 bars between consecutive touches. Zone width is ATR-based (default 0.5× ATR), anchored at the low of the zone. Overlapping zones are merged into a single clean box. Zones are invalidated and removed once price closes below them.
5. Pivot Level Lines
Draws dashed horizontal lines from the most recent confirmed Pivot High (light blue) and Pivot Low (red), extending to the right — giving you instant visual reference for key structural levels.
Inputs & Customisation:
All parameters are adjustable — Vol Val lookback, liquidity thresholds, pivot left/right lengths, ATR multiplier, demand zone lookback, minimum touches, gap between touches, RS benchmark symbol, and RS MA length.
릴리즈 노트
Fixed Some Timeframes on Mansfield RS and Pivot trends오픈 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.