OPEN-SOURCE SCRIPT
The Apex Stalker: RVOL & Options Sniper
The Concept: Hunting Volatility & Mean Reversion
Most retail traders are reactive. They see a massive green candle on the scanner, chase the breakout blindly, and end up buying the exact top just as institutions start taking profits.
The Apex Stalker is a tactical dashboard built to prevent that. It allows active options and equity traders to stalk a customized watchlist of up to 10 tickers, hunting for two specific, high-probability setups:
The Sniper Entry (Continuation): Catching the exact moment institutional volume steps in to drive a trend.
The Exhaustion Fade (Mean Reversion): Flagging when a momentum stock has mathematically exhausted its normal daily fuel, making it a prime target for a fade or credit spread.
How the Engine Works
This indicator completely detaches from your active chart's timeframe, allowing you to day-trade on a 1-minute chart while the engine quietly hunts for macro hourly or daily setups in the background. It dynamically auto-sorts your watchlist on every tick based on Relative Volume (RVOL).
The dashboard tracks 4 core metrics for each ticker:
RVOL (Relative Volume): Compares current volume to the historical average. When a ticker hits >= 1.5x normal volume, the cell turns Yellow to flag institutional activity.
% ATR (Average True Range Exhaustion): Calculates how far the current candle has traveled compared to its normal 14-day ATR.
TREND: Pulls the Daily 21 EMA. If the intraday price action aligns with the macro trend, it prints UP (Green). If it is counter-trend, it prints DOWN (Red).
The Playbook (How to Trade It)
Setup 1: The Golden Continuation: A ticker snaps to the top of your list. RVOL is Yellow (Capital is flowing in). Trend is UP. Importantly, the % ATR is White (meaning the move still has plenty of room to run before exhausting its daily range). This is a high-probability continuation setup where options premiums are still reasonably priced.
Setup 2: The Mean Reversion Fade: A ticker hits the top with massive Yellow RVOL, but the % ATR column is Orange. The move is valid, but the daily fuel is gone. Options premiums here are heavily inflated. Do not buy straight calls; look for an intraday structural breakdown to short the pop or sell credit spreads.
(Note: Use the settings to adjust your Exhaustion Threshold. Set indices like SPY to ~100% ATR, but give high-beta tech stocks a wider leash of ~130%-150% before fading).
Customization & Dual Alerts
Your Watchlist: Swap out the default tickers for whatever you are actively trading directly in the settings menu.
The Dual Alert Engine: Create a single alert for this indicator ("Any alert() function call"). The script will dynamically ping your phone with a custom text message specifically telling you if a ticker has triggered a "🟢 SNIPER ENTRY" (High Volume + Room to Run) or a "🔴 EXHAUSTION FADE" (High Volume + Premium Blown Out).
Disclaimer: This script is an educational tool for tracking volume and statistical data. It is not financial advice. Always do your own due diligence before deploying capital.
Most retail traders are reactive. They see a massive green candle on the scanner, chase the breakout blindly, and end up buying the exact top just as institutions start taking profits.
The Apex Stalker is a tactical dashboard built to prevent that. It allows active options and equity traders to stalk a customized watchlist of up to 10 tickers, hunting for two specific, high-probability setups:
The Sniper Entry (Continuation): Catching the exact moment institutional volume steps in to drive a trend.
The Exhaustion Fade (Mean Reversion): Flagging when a momentum stock has mathematically exhausted its normal daily fuel, making it a prime target for a fade or credit spread.
How the Engine Works
This indicator completely detaches from your active chart's timeframe, allowing you to day-trade on a 1-minute chart while the engine quietly hunts for macro hourly or daily setups in the background. It dynamically auto-sorts your watchlist on every tick based on Relative Volume (RVOL).
The dashboard tracks 4 core metrics for each ticker:
RVOL (Relative Volume): Compares current volume to the historical average. When a ticker hits >= 1.5x normal volume, the cell turns Yellow to flag institutional activity.
% ATR (Average True Range Exhaustion): Calculates how far the current candle has traveled compared to its normal 14-day ATR.
TREND: Pulls the Daily 21 EMA. If the intraday price action aligns with the macro trend, it prints UP (Green). If it is counter-trend, it prints DOWN (Red).
The Playbook (How to Trade It)
Setup 1: The Golden Continuation: A ticker snaps to the top of your list. RVOL is Yellow (Capital is flowing in). Trend is UP. Importantly, the % ATR is White (meaning the move still has plenty of room to run before exhausting its daily range). This is a high-probability continuation setup where options premiums are still reasonably priced.
Setup 2: The Mean Reversion Fade: A ticker hits the top with massive Yellow RVOL, but the % ATR column is Orange. The move is valid, but the daily fuel is gone. Options premiums here are heavily inflated. Do not buy straight calls; look for an intraday structural breakdown to short the pop or sell credit spreads.
(Note: Use the settings to adjust your Exhaustion Threshold. Set indices like SPY to ~100% ATR, but give high-beta tech stocks a wider leash of ~130%-150% before fading).
Customization & Dual Alerts
Your Watchlist: Swap out the default tickers for whatever you are actively trading directly in the settings menu.
The Dual Alert Engine: Create a single alert for this indicator ("Any alert() function call"). The script will dynamically ping your phone with a custom text message specifically telling you if a ticker has triggered a "🟢 SNIPER ENTRY" (High Volume + Room to Run) or a "🔴 EXHAUSTION FADE" (High Volume + Premium Blown Out).
Disclaimer: This script is an educational tool for tracking volume and statistical data. It is not financial advice. Always do your own due diligence before deploying capital.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
You can always take more, you can never take less.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
You can always take more, you can never take less.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.