OPEN-SOURCE SCRIPT
Dynamic Opening Drive Scoreboard v4.4.2
Dynamic Opening Drive Scoreboard v4.4.2
Short Description
Intraday long opening-drive dashboard using 9 EMA, VWAP, RVOL, trigger/entry logic, hybrid stop references, freshness tracking, and trade-state guidance.
Full Description
Dynamic Opening Drive Scoreboard is an intraday momentum dashboard built for traders focused on long opening-drive setups.
It is designed to help you quickly determine whether a stock is:
setting up for a long
approaching a trigger
confirming a breakout
still fresh after entry
becoming extended
showing weakness
Unlike a static trade tracker, this indicator uses a scan-first, freshness-aware framework so the board stays focused on what is relevant right now.
How the setup works
This version is built around a long opening-drive continuation setup.
Basic long criteria
price above the 9 EMA
price above VWAP
minimum setup RVOL met
When those conditions are met, the setup candle close is recorded.
Trigger
trigger is set above the setup candle close
trigger = setup close + trigger buffer
Entry confirmation
price breaks the trigger
minimum entry RVOL is met
optional increasing-volume confirmation is satisfied, if enabled
Stops The board shows two stop references:
Structure Stop = below the Low of Day
ATR Stop = a practical volatility-based reference
The structure stop represents where the setup would be invalidated. The ATR stop provides a tighter practical risk reference for planning and trade management.
How to read the board
Price / LOD
Shows current price and the Low of Day, which acts as the key structural reference for invalidation.
9 EMA
Shows whether price is above or below the 9 EMA, plus the % distance from it.
VWAP
Shows whether price is above or below VWAP, plus the % distance from it.
Setup / T-E
Shows the current setup close together with either:
Trig = breakout trigger level
Ent = confirmed entry price
Stops / Risks
Shows:
structure stop and its dollar risk
ATR stop and its dollar risk
This helps compare the true structural invalidation level with a tighter active-risk reference.
Risk Q
Rates current risk as:
Tight
Good
Acceptable
Wide
Vol Conf
Shows whether current bar volume is increasing when the volume confirmation filter is enabled.
Bar / Avg Vol
Shows current bar volume compared with average volume.
RVOL / Req
Shows:
current relative volume
minimum RVOL required for setup and entry
Range / %
Shows:
current bar range
current bar range as a percentage
whether expansion is normal, wide, or very wide
Freshness
Shows:
bars since setup
bars since entry
This helps prevent chasing stale setups or old breakouts.
State
Summarizes the current chart context in one line, including:
mode
state
suggested action
current
𝑅
R multiple when in a trade
How to use the % distance from the 9 EMA and VWAP
The % distance from the 9 EMA and VWAP is especially useful after entry because it helps measure how stretched the move is becoming relative to its intraday support structure.
A practical way to use it:
smaller positive distances often suggest the move is still relatively orderly
expanding positive distances can show momentum building
large positive distances from both the 9 EMA and VWAP can indicate increasing extension and a need for tighter management
In practice:
if price remains above both the 9 EMA and VWAP while the move expands in a controlled way, the trend may still be healthy
if price gets far above both reference levels, the trade may be entering a more extended or emotional phase
if price starts losing one or both of those levels after being highly extended, that can be an early sign of weakening momentum
These readings are also used internally to help classify conditions such as Extended and Possible Capitulation.
Trade-state framework
Once a trade is confirmed, the board can classify it into states such as:
Fresh Entry — breakout has just triggered
Base Hit — the trade has reached the defined base-hit
𝑅
R threshold
Runner Active — the move is still holding together after base hit
Possible Capitulation — price is very extended and may be entering a climax phase
Stalling / Weakness — structure or continuation quality is deteriorating
This allows the board to shift from finding the setup to helping manage the trade.
Optional overlay levels
The script can also plot key reference levels directly on the chart:
Trigger
Entry
Structure Stop
ATR Stop
Base-Hit Level
These overlays are intended to improve visual decision-making without changing the setup logic.
Best suited for
intraday momentum traders
opening-drive breakout traders
EMA + VWAP traders
volume-confirmation workflows
scanner follow-up
replay study and execution review
Notes
long-side version only
designed for intraday use
uses bar-based proxies such as volume, RVOL, and range
does not use Level 2, bid/ask, or spread data
intended as a decision-support tool, not financial advice
Enjoy!
Wayne
Short Description
Intraday long opening-drive dashboard using 9 EMA, VWAP, RVOL, trigger/entry logic, hybrid stop references, freshness tracking, and trade-state guidance.
Full Description
Dynamic Opening Drive Scoreboard is an intraday momentum dashboard built for traders focused on long opening-drive setups.
It is designed to help you quickly determine whether a stock is:
setting up for a long
approaching a trigger
confirming a breakout
still fresh after entry
becoming extended
showing weakness
Unlike a static trade tracker, this indicator uses a scan-first, freshness-aware framework so the board stays focused on what is relevant right now.
How the setup works
This version is built around a long opening-drive continuation setup.
Basic long criteria
price above the 9 EMA
price above VWAP
minimum setup RVOL met
When those conditions are met, the setup candle close is recorded.
Trigger
trigger is set above the setup candle close
trigger = setup close + trigger buffer
Entry confirmation
price breaks the trigger
minimum entry RVOL is met
optional increasing-volume confirmation is satisfied, if enabled
Stops The board shows two stop references:
Structure Stop = below the Low of Day
ATR Stop = a practical volatility-based reference
The structure stop represents where the setup would be invalidated. The ATR stop provides a tighter practical risk reference for planning and trade management.
How to read the board
Price / LOD
Shows current price and the Low of Day, which acts as the key structural reference for invalidation.
9 EMA
Shows whether price is above or below the 9 EMA, plus the % distance from it.
VWAP
Shows whether price is above or below VWAP, plus the % distance from it.
Setup / T-E
Shows the current setup close together with either:
Trig = breakout trigger level
Ent = confirmed entry price
Stops / Risks
Shows:
structure stop and its dollar risk
ATR stop and its dollar risk
This helps compare the true structural invalidation level with a tighter active-risk reference.
Risk Q
Rates current risk as:
Tight
Good
Acceptable
Wide
Vol Conf
Shows whether current bar volume is increasing when the volume confirmation filter is enabled.
Bar / Avg Vol
Shows current bar volume compared with average volume.
RVOL / Req
Shows:
current relative volume
minimum RVOL required for setup and entry
Range / %
Shows:
current bar range
current bar range as a percentage
whether expansion is normal, wide, or very wide
Freshness
Shows:
bars since setup
bars since entry
This helps prevent chasing stale setups or old breakouts.
State
Summarizes the current chart context in one line, including:
mode
state
suggested action
current
𝑅
R multiple when in a trade
How to use the % distance from the 9 EMA and VWAP
The % distance from the 9 EMA and VWAP is especially useful after entry because it helps measure how stretched the move is becoming relative to its intraday support structure.
A practical way to use it:
smaller positive distances often suggest the move is still relatively orderly
expanding positive distances can show momentum building
large positive distances from both the 9 EMA and VWAP can indicate increasing extension and a need for tighter management
In practice:
if price remains above both the 9 EMA and VWAP while the move expands in a controlled way, the trend may still be healthy
if price gets far above both reference levels, the trade may be entering a more extended or emotional phase
if price starts losing one or both of those levels after being highly extended, that can be an early sign of weakening momentum
These readings are also used internally to help classify conditions such as Extended and Possible Capitulation.
Trade-state framework
Once a trade is confirmed, the board can classify it into states such as:
Fresh Entry — breakout has just triggered
Base Hit — the trade has reached the defined base-hit
𝑅
R threshold
Runner Active — the move is still holding together after base hit
Possible Capitulation — price is very extended and may be entering a climax phase
Stalling / Weakness — structure or continuation quality is deteriorating
This allows the board to shift from finding the setup to helping manage the trade.
Optional overlay levels
The script can also plot key reference levels directly on the chart:
Trigger
Entry
Structure Stop
ATR Stop
Base-Hit Level
These overlays are intended to improve visual decision-making without changing the setup logic.
Best suited for
intraday momentum traders
opening-drive breakout traders
EMA + VWAP traders
volume-confirmation workflows
scanner follow-up
replay study and execution review
Notes
long-side version only
designed for intraday use
uses bar-based proxies such as volume, RVOL, and range
does not use Level 2, bid/ask, or spread data
intended as a decision-support tool, not financial advice
Enjoy!
Wayne
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秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
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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。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
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。