OPEN-SOURCE SCRIPT
The Distilled LRLR
Low-resistance runs — where price has nothing to trade against.
WHAT IT MARKS
Liquidity is not spread evenly across a chart. In some places swings pile up at
one price and leave a shelf of orders behind them; in others they ladder away
from each other and leave almost nothing at any single level. This script marks
the second kind — a low-resistance run.
A run is two adjacent swings stepping the SAME way: highs stepping down, or lows
stepping up. Nothing is stacked at one price across that stretch, which is why
price tends to travel through it quickly rather than grinding.
HOW IT IS BUILT
1. SWINGS. A fine fractal, not a structural one. A staggered run is a
candle-level object — read off a slow swing chain it does not exist at all.
Pivot strength is yours to set; the default of 2 bars either side is the
scale the pattern actually lives on.
2. THE PAIR MUST BE ADJACENT. The run is the swing and the one immediately
before it. Pairing across a whole store of pivots will happily draw a
diagonal spanning days, which describes nothing local.
3. THE LEAN IS THE OBJECT — AND IT IS SIGNED. This is the part that decides
whether the tool is useful or actively misleading. A rise leans on its RISING
LOWS; a fall leans on its FALLING HIGHS. Those are the sides with nothing
stacked, and they are the sides price travels through. The test here is
therefore signed: for highs it asks whether the newer high is LOWER than the
one before it, for lows whether the newer low is HIGHER. An unsigned test —
comparing the absolute distance between the two swings — accepts both leans,
and roughly half of what it draws then ladders AGAINST the move it claims to
describe. That distinction is easy to miss and it is the difference between a
map and noise.
4. A SIZE BAND. The step between the two swings is measured in ATR, with a
floor and a ceiling. Below the floor the two swings are effectively one; above
the ceiling they are not a staggered run at all, they are two separate legs.
5. SPENT WHEN DELIVERED INTO. Price reaching the outer end of the ladder has
taken the thin ground the run described. At that point the run is history, not
information, and it is removed — or greyed and kept as a record, your choice.
6. A PER-SIDE CAP. Rising-low runs and falling-high runs are capped separately.
A single shared cap lets a busy stretch of ladders on one side push every one
of the other side's off the chart, which is a display fault that reads exactly
like the engine having stopped working.
HOW TO USE IT
Read it as a MAP, not a trigger. It answers one question — is the ground in
front of this move thin or is it stacked? — and nothing else.
Common uses:
· Targets. A run in front of a trade is ground price can cover quickly. A stack
of equal levels is not.
· Stop placement. Putting a stop inside a run puts it where price has the least
to slow it down.
· Context for a break. A break heading into a run and a break heading into a
shelf are different trades, whatever the break itself looks like.
WHAT IT DOES NOT DO
It does not score, rank, grade or signal. There is no entry, no target, no
direction call and no statistic attached to any drawing on the chart. It marks
a structural condition; what price does on arrival is a separate question and
this script does not claim to answer it.
It is also descriptive by construction: a run is drawn once both of its swings
have confirmed, which means the pattern is complete before it appears. That is
deliberate — a "forming" run is just a guess about the next pivot.
SETTINGS
Pivot strength · how many bars either side define a swing. Larger finds fewer
and bigger runs; it does not make them better.
Pivots remembered · how far back the store reaches.
Step at least / at most (× ATR) · the size band described above.
Remove a run once it is delivered into · on removes it, off greys it and keeps it.
Runs kept per side · the per-side cap.
Colours, width, label · presentation only.
An alert fires when a run is delivered into.
WHAT IT MARKS
Liquidity is not spread evenly across a chart. In some places swings pile up at
one price and leave a shelf of orders behind them; in others they ladder away
from each other and leave almost nothing at any single level. This script marks
the second kind — a low-resistance run.
A run is two adjacent swings stepping the SAME way: highs stepping down, or lows
stepping up. Nothing is stacked at one price across that stretch, which is why
price tends to travel through it quickly rather than grinding.
HOW IT IS BUILT
1. SWINGS. A fine fractal, not a structural one. A staggered run is a
candle-level object — read off a slow swing chain it does not exist at all.
Pivot strength is yours to set; the default of 2 bars either side is the
scale the pattern actually lives on.
2. THE PAIR MUST BE ADJACENT. The run is the swing and the one immediately
before it. Pairing across a whole store of pivots will happily draw a
diagonal spanning days, which describes nothing local.
3. THE LEAN IS THE OBJECT — AND IT IS SIGNED. This is the part that decides
whether the tool is useful or actively misleading. A rise leans on its RISING
LOWS; a fall leans on its FALLING HIGHS. Those are the sides with nothing
stacked, and they are the sides price travels through. The test here is
therefore signed: for highs it asks whether the newer high is LOWER than the
one before it, for lows whether the newer low is HIGHER. An unsigned test —
comparing the absolute distance between the two swings — accepts both leans,
and roughly half of what it draws then ladders AGAINST the move it claims to
describe. That distinction is easy to miss and it is the difference between a
map and noise.
4. A SIZE BAND. The step between the two swings is measured in ATR, with a
floor and a ceiling. Below the floor the two swings are effectively one; above
the ceiling they are not a staggered run at all, they are two separate legs.
5. SPENT WHEN DELIVERED INTO. Price reaching the outer end of the ladder has
taken the thin ground the run described. At that point the run is history, not
information, and it is removed — or greyed and kept as a record, your choice.
6. A PER-SIDE CAP. Rising-low runs and falling-high runs are capped separately.
A single shared cap lets a busy stretch of ladders on one side push every one
of the other side's off the chart, which is a display fault that reads exactly
like the engine having stopped working.
HOW TO USE IT
Read it as a MAP, not a trigger. It answers one question — is the ground in
front of this move thin or is it stacked? — and nothing else.
Common uses:
· Targets. A run in front of a trade is ground price can cover quickly. A stack
of equal levels is not.
· Stop placement. Putting a stop inside a run puts it where price has the least
to slow it down.
· Context for a break. A break heading into a run and a break heading into a
shelf are different trades, whatever the break itself looks like.
WHAT IT DOES NOT DO
It does not score, rank, grade or signal. There is no entry, no target, no
direction call and no statistic attached to any drawing on the chart. It marks
a structural condition; what price does on arrival is a separate question and
this script does not claim to answer it.
It is also descriptive by construction: a run is drawn once both of its swings
have confirmed, which means the pattern is complete before it appears. That is
deliberate — a "forming" run is just a guess about the next pivot.
SETTINGS
Pivot strength · how many bars either side define a swing. Larger finds fewer
and bigger runs; it does not make them better.
Pivots remembered · how far back the store reaches.
Step at least / at most (× ATR) · the size band described above.
Remove a run once it is delivered into · on removes it, off greys it and keeps it.
Runs kept per side · the per-side cap.
Colours, width, label · presentation only.
An alert fires when a run is delivered into.
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。
I build indicators for you.
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。
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。
I build indicators for you.
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。