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MYND Distribution/Capitulation Exit Engine v1.0
MYND Distribution/Capitulation Exit Engine [v1.0]
A dedicated exit tool built on one core idea: the way an uptrend tops out and the way a downtrend bottoms out are not mirror images of each other, so this indicator scores them with two genuinely different engines instead of one exit score flipped in sign.
WHAT IT DOES
This tool watches for two separate exit conditions. Distribution (long exit) is a slow, multi-bar process - the kind of quiet, high-volume selling that shows up while price still looks fine on the surface. Capitulation (short exit) is a fast, single-bar process - a violent, high-volume flush that can resolve in a bar or two. Each gets its own 0-100 score, its own Warning and Exit thresholds, and its own markers and alerts.
HOW IT WORKS
The Distribution score blends three classic distribution signatures: Distribution Day counting (a down day on rising volume, the technique long used by institutional trend-followers to spot quiet institutional selling), down-day volume dominance over a shorter window, and a gradual RSI roll-over from an elevated reading. A "still near recent highs" check keeps the score meaningful while price looks healthy, and dampens it once price has already broken down - by then you likely don't need this tool to tell you something changed.
The Capitulation score blends three climax signatures: a volume z-score spike relative to its own recent history, a rejection-candle score that continuously blends range expansion and close position off the low (no hard cutoff, so the score moves smoothly rather than jumping), and an RSI extreme-and-uptick check that only rewards being oversold once RSI has actually started turning back up - not just for being oversold and still falling. All three are scored live, every bar, with no multi-bar confirmation delay - because by the time a slow confirmation window closes on a capitulation move, the opportunity to act on it is often already gone.
KEY FEATURES
Four distinct signals - Long Exit Warning, Long Exit Signal, Short Exit Warning, Short Exit Signal - each independently plotted and alertable. A live dashboard table showing both scores, their zones, the raw Distribution Day count, the down-volume ratio, and whether price is still near its recent high. Full color, table position, and text-size customization. Eight alerts total, including four combo bundles (all signals, long-side only, short-side only, actionable-only) so you can set up exactly the notification footprint you want.
HOW TO USE IT
Pair this with any entry method - it is not an entry tool. Once in a position, watch the relevant score: a Warning is an early heads-up to tighten stops or begin scaling out, an Exit signal is the higher-conviction, actionable read. Treat the Distribution and Capitulation scores independently; they are not designed to be compared against each other, only against their own thresholds.
SETTINGS WORTH TUNING FIRST
Long/Short Exit Warning and Signal Thresholds - the fastest way to make signals earlier/more frequent or later/higher-conviction. Distribution Day Lookback and Critical Distribution Day Count - calibrates how much selling pressure counts as meaningful distribution for your symbol and timeframe. Minimum Bar Range (x ATR) and Minimum Close Position - the reference levels the capitulation rejection-candle score scales against; raise either to require a stronger candle to reach a high score.
ALERTS
All eight alerts use TradingView's standard alertcondition() system - no special setup required. Add Alert, choose this indicator, and pick the named condition from the dropdown.
This tool does not know your actual position or entry price - it scores exit conditions on the underlying symbol only, and a signal is only actionable if you hold a matching position. This tool is provided for informational and educational purposes and does not constitute financial advice. Trading involves risk; past performance and historical patterns do not guarantee future results.
A dedicated exit tool built on one core idea: the way an uptrend tops out and the way a downtrend bottoms out are not mirror images of each other, so this indicator scores them with two genuinely different engines instead of one exit score flipped in sign.
WHAT IT DOES
This tool watches for two separate exit conditions. Distribution (long exit) is a slow, multi-bar process - the kind of quiet, high-volume selling that shows up while price still looks fine on the surface. Capitulation (short exit) is a fast, single-bar process - a violent, high-volume flush that can resolve in a bar or two. Each gets its own 0-100 score, its own Warning and Exit thresholds, and its own markers and alerts.
HOW IT WORKS
The Distribution score blends three classic distribution signatures: Distribution Day counting (a down day on rising volume, the technique long used by institutional trend-followers to spot quiet institutional selling), down-day volume dominance over a shorter window, and a gradual RSI roll-over from an elevated reading. A "still near recent highs" check keeps the score meaningful while price looks healthy, and dampens it once price has already broken down - by then you likely don't need this tool to tell you something changed.
The Capitulation score blends three climax signatures: a volume z-score spike relative to its own recent history, a rejection-candle score that continuously blends range expansion and close position off the low (no hard cutoff, so the score moves smoothly rather than jumping), and an RSI extreme-and-uptick check that only rewards being oversold once RSI has actually started turning back up - not just for being oversold and still falling. All three are scored live, every bar, with no multi-bar confirmation delay - because by the time a slow confirmation window closes on a capitulation move, the opportunity to act on it is often already gone.
KEY FEATURES
Four distinct signals - Long Exit Warning, Long Exit Signal, Short Exit Warning, Short Exit Signal - each independently plotted and alertable. A live dashboard table showing both scores, their zones, the raw Distribution Day count, the down-volume ratio, and whether price is still near its recent high. Full color, table position, and text-size customization. Eight alerts total, including four combo bundles (all signals, long-side only, short-side only, actionable-only) so you can set up exactly the notification footprint you want.
HOW TO USE IT
Pair this with any entry method - it is not an entry tool. Once in a position, watch the relevant score: a Warning is an early heads-up to tighten stops or begin scaling out, an Exit signal is the higher-conviction, actionable read. Treat the Distribution and Capitulation scores independently; they are not designed to be compared against each other, only against their own thresholds.
SETTINGS WORTH TUNING FIRST
Long/Short Exit Warning and Signal Thresholds - the fastest way to make signals earlier/more frequent or later/higher-conviction. Distribution Day Lookback and Critical Distribution Day Count - calibrates how much selling pressure counts as meaningful distribution for your symbol and timeframe. Minimum Bar Range (x ATR) and Minimum Close Position - the reference levels the capitulation rejection-candle score scales against; raise either to require a stronger candle to reach a high score.
ALERTS
All eight alerts use TradingView's standard alertcondition() system - no special setup required. Add Alert, choose this indicator, and pick the named condition from the dropdown.
This tool does not know your actual position or entry price - it scores exit conditions on the underlying symbol only, and a signal is only actionable if you hold a matching position. This tool is provided for informational and educational purposes and does not constitute financial advice. Trading involves risk; past performance and historical patterns do not guarantee future results.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。