OPEN-SOURCE SCRIPT
Torsion Range [JOAT]
Torsion Range [JOAT]
Introduction
Torsion Range is an open-source compression, expansion, and wave-energy panel designed to track whether the market is coiling, releasing, trending, or exhausting. The script combines wave direction, weighted energy accumulation, compression scoring, and exhaustion logic into one regime-aware panel.
The problem Torsion Range solves is fragmentation between wave tools and volatility tools. Traditional wave studies often ignore whether the market is compressing or expanding, while compression indicators often ignore directional wave state. Torsion Range merges both worlds so the user can monitor directional energy and structural volatility state together.
Core Concepts
1. Wave Direction Engine
The script supports multiple methods for determining directional wave state, including impulse, pressure, and hybrid behavior. This allows the model to adapt to different styles of price movement.
2. Weighted Energy Accumulation
Wave state is not just directional. It is weighted by body, range, ATR context, and optional relative volume to produce a more informative torsion core.
3. Compression Index
A 0-100 compression framework is built from fast and slow comparisons of range, body, and energy behavior. This allows the indicator to identify tight conditions before release.
4. Release and Exhaustion Logic
Confirmed-bar release events occur when compression gives way to directional expansion. Exhaustion logic looks for overstretched waves with weakening internal behavior.
5. Dashboard and Regime Visualization
The panel includes adaptive colors, background overlays, event flashes, and a top-right dashboard that summarizes wave state, bias, compression, and most recent event.
Features
How to Use This Indicator
Step 1: Read the Wave State
Determine whether directional energy currently favors bullish, bearish, or neutral behavior.
Step 2: Check Compression
High compression means stored energy but not yet confirmed release. Low compression with directional energy implies active movement rather than coiling.
Step 3: Watch Release Events
Release events matter most when they occur after genuine compression and align with the active wave bias.
Step 4: Respect Exhaustion
Exhaustion conditions can warn that a strong wave is becoming less efficient, even if trend has not yet fully reversed.
Indicator Limitations
Originality Statement
Torsion Range is original in its fusion of wave-state persistence, weighted energy accumulation, compression analysis, and exhaustion logic within one panel. It is not a basic Weis-style clone and not a plain volatility gauge. Its value comes from combining directional energy and volatility state into a single workflow.
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice. Compression, release, and exhaustion states are analytical conditions derived from historical chart behavior and do not guarantee future outcomes.
- Made with passion by jackofalltrades
Introduction
Torsion Range is an open-source compression, expansion, and wave-energy panel designed to track whether the market is coiling, releasing, trending, or exhausting. The script combines wave direction, weighted energy accumulation, compression scoring, and exhaustion logic into one regime-aware panel.
The problem Torsion Range solves is fragmentation between wave tools and volatility tools. Traditional wave studies often ignore whether the market is compressing or expanding, while compression indicators often ignore directional wave state. Torsion Range merges both worlds so the user can monitor directional energy and structural volatility state together.
Core Concepts
1. Wave Direction Engine
The script supports multiple methods for determining directional wave state, including impulse, pressure, and hybrid behavior. This allows the model to adapt to different styles of price movement.
2. Weighted Energy Accumulation
Wave state is not just directional. It is weighted by body, range, ATR context, and optional relative volume to produce a more informative torsion core.
3. Compression Index
A 0-100 compression framework is built from fast and slow comparisons of range, body, and energy behavior. This allows the indicator to identify tight conditions before release.
4. Release and Exhaustion Logic
Confirmed-bar release events occur when compression gives way to directional expansion. Exhaustion logic looks for overstretched waves with weakening internal behavior.
5. Dashboard and Regime Visualization
The panel includes adaptive colors, background overlays, event flashes, and a top-right dashboard that summarizes wave state, bias, compression, and most recent event.
Features
- Multi-method wave direction: Impulse, pressure, or hybrid state engine
- Weighted energy accumulation: Uses price and optional relative volume
- Compression scoring: Tracks coiling conditions on a normalized scale
- Confirmed release logic: Detects transition from compression to directional expansion
- Exhaustion detection: Flags overextended wave conditions
- Adaptive gradient styling: Institutional panel presentation for dark charts
- Regime overlays and event flashes: Highlights important state transitions cleanly
- Top-right dashboard: Summarizes live wave and compression state
- Confirmed event mode: Optional bar-close only event gating
- Alertconditions: Wave flips, release events, and exhaustion states
How to Use This Indicator
Step 1: Read the Wave State
Determine whether directional energy currently favors bullish, bearish, or neutral behavior.
Step 2: Check Compression
High compression means stored energy but not yet confirmed release. Low compression with directional energy implies active movement rather than coiling.
Step 3: Watch Release Events
Release events matter most when they occur after genuine compression and align with the active wave bias.
Step 4: Respect Exhaustion
Exhaustion conditions can warn that a strong wave is becoming less efficient, even if trend has not yet fully reversed.
Indicator Limitations
- Compression and exhaustion are relative, not absolute, conditions
- Wave direction depends on the selected method and will respond differently across market types
- This panel does not identify exact reversal bars and should not be treated as one
- Release events are strongest when combined with separate structural context
Originality Statement
Torsion Range is original in its fusion of wave-state persistence, weighted energy accumulation, compression analysis, and exhaustion logic within one panel. It is not a basic Weis-style clone and not a plain volatility gauge. Its value comes from combining directional energy and volatility state into a single workflow.
Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice. Compression, release, and exhaustion states are analytical conditions derived from historical chart behavior and do not guarantee future outcomes.
- Made with passion by jackofalltrades
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.
The AI Trading Ecosystem, Built to win trades 📈
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t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
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.
The AI Trading Ecosystem, Built to win trades 📈
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
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.