PROTECTED SOURCE SCRIPT
Güncellendi HyperChannel
Thought for 1m 33sHyperChannel Exhaustion Indicator
Overview
This open-source indicator creates a dynamic volatility channel to identify trend directions and potential support/resistance levels, while incorporating momentum analysis, trend strength assessment, and a composite exhaustion metric to highlight possible trend fatigue and reversal points. The core idea is to combine volatility adaptation with multi-layered exhaustion signals, providing a unified tool that goes beyond standalone channels or oscillators. By integrating these elements, it offers a comprehensive view: the channel tracks price within volatile bounds, momentum detects strength or weakening, and exhaustion quantifies reversal risks—allowing users to spot continuations in strong trends or prepare for reversals during fatigue. This synergy creates a unique, actionable framework not found in isolated indicators, helping users make informed decisions across various market conditions.
The indicator builds on public domain concepts like ATR-based channels and standard exhaustion ratios (with credits to Franklin Moormann for foundational exhaustion logic, significantly enhanced here through integration and scoring). Improvements include a custom composite score weighting multiple factors, adaptive coloring for visual clarity, and a dashboard for quick stats—resulting in a tool that's more than a simple merge, but a cohesive system for trend management.
Key Features
Volatility Channel: Plots adaptive upper and lower bands based on smoothed true range multiples around a price midpoint, with trend confirmation requiring consecutive closes beyond bands for reliability.
Momentum Layer: Uses averaged relative changes across varying periods to flag strong impulses or pullbacks, enhancing channel breakouts with contextual strength.
Trend Strength: Differentiates strong trends from ranges or transitions, altering band colors for intuitive reading (e.g., vibrant in trends, subdued otherwise).
Exhaustion Metrics:
A ratio-based signal comparing price advances to highs, smoothed to detect fading momentum.
A composite score (0-100%) aggregating normalized exhaustion, divergence flags, and volume surges—low scores suggest trend health, medium warn of fatigue, high indicate reversal potential.
Visuals:
Band plots (active/inactive) with fills for trend highlighting.
Circles on candles for pullback warnings.
Candle coloring: Dark shades for robust trends (e.g., deep green/up, maroon/down), lighter/warning tones (yellow/up, orange/down) for weakening phases.
Divergence labels on price vs. momentum for hidden/regular setups.
Dashboard: Compact table with trend, risk score (integrated exhaustion), composite value, regime, and higher-timeframe levels; background gradients from green (low risk) to red (high) for at-a-glance reversal probability.
Alerts: For channel events, momentum shifts, exhaustion thresholds, and signals.
How It Works
The indicator operates on core technical concepts without relying on external data:
Channel Construction: Starts with true range (high-low, gaps) smoothed over a period (default 120) to form ATR. Bands are midpoint ± ATR multiple (default 3.0), tightened/loosened based on closes and momentum to avoid whipsaws. Trends flip only after confirmed breaches (default 2 bars), reducing false signals.
Momentum Calculation: Aggregates percentage changes from short to long moving averages (defaults 10-200 periods), smoothed into dynamic thresholds. This detects "strong" (beyond multiples) vs. "exhausting" (pullbacks below fractions), feeding into channel logic and warnings.
Strength and Regime: ADX (default period 14) classifies markets: above high threshold (25) as trending, below low (20) as ranging, in-between as transitioning (with bias if rising and momentum aligns).
Exhaustion and Scoring:
Compares cumulative closes above priors vs. new highs, smoothed (default length 10) into a slope: positive/negative for bull/bear, intensifying for strength.
Composite score weights this normalization (40%), binary divergence checks on a standard oscillator (30%), and volume ratios (30%)—scaled to 0-100%. Thresholds (e.g., 80 for high) trigger color shifts.
Reversal risk (0-100%) blends exhaustion depth, divergences, unconfirmed bars, and the score—labeled Low (<30%), Medium (30-70%), High (>70%).
These interact: e.g., channel bands adjust with momentum, exhaustion colors candles/dashboard, creating a feedback loop for holistic analysis.
Usage Suggestions
Setup: Add to a clean chart (no other indicators unless combining for confluence, e.g., with volume—explain in notes). Use defaults for most assets; tweak ATR period/multiplier for volatility (shorter for crypto, longer for stocks). Set higher timeframe (default 60min) for context.
Interpreting Trends: Green-filled uptrends (active support band) signal buys on pullbacks; red downtrends for shorts. Vibrant colors indicate ADX strength—trade with trend.
Spotting Exhaustion/Reversals: Watch for yellow/orange candles (weakening signal) or circles (pullback warnings). Composite >80% (red dashboard cell) or high risk (yellow/orange table background) suggests exits/preparation. Divergences add confirmation: bullish (green label) near supports, bearish (red) at resistances.
Regimes: Trending: Follow channel breaks. Ranging: Fade extremes. Transitioning: Wait for emerging bias.
Alerts: Enable for real-time notifications—e.g., high exhaustion for potential tops/bottoms.
Customization: Adjust weights for risk sensitivity (e.g., boost exhaustion for conservative trading). Test on historical data to align with strategy; aim for balanced risk (e.g., <5% per trade).
This tool visualizes concepts like volatility clustering and momentum divergence, aiding in trend-following or mean-reversion setups. Always combine with personal analysis—it's not a signal generator but a decision aid.
Credits and Notes
Builds on public domain ATR/ADX ideas; exhaustion ratio inspired by Franklin Moormann (cheatcountry), with major enhancements like multi-momentum integration, composite scoring, and visual/dashboard features for originality.
Compliant with Pine v6; open-source for community use. No ads/guarantees—past performance isn't indicative. Manage risk; this is educational. For chart: Publish clean, with this script only, showing clear outputs.
Overview
This open-source indicator creates a dynamic volatility channel to identify trend directions and potential support/resistance levels, while incorporating momentum analysis, trend strength assessment, and a composite exhaustion metric to highlight possible trend fatigue and reversal points. The core idea is to combine volatility adaptation with multi-layered exhaustion signals, providing a unified tool that goes beyond standalone channels or oscillators. By integrating these elements, it offers a comprehensive view: the channel tracks price within volatile bounds, momentum detects strength or weakening, and exhaustion quantifies reversal risks—allowing users to spot continuations in strong trends or prepare for reversals during fatigue. This synergy creates a unique, actionable framework not found in isolated indicators, helping users make informed decisions across various market conditions.
The indicator builds on public domain concepts like ATR-based channels and standard exhaustion ratios (with credits to Franklin Moormann for foundational exhaustion logic, significantly enhanced here through integration and scoring). Improvements include a custom composite score weighting multiple factors, adaptive coloring for visual clarity, and a dashboard for quick stats—resulting in a tool that's more than a simple merge, but a cohesive system for trend management.
Key Features
Volatility Channel: Plots adaptive upper and lower bands based on smoothed true range multiples around a price midpoint, with trend confirmation requiring consecutive closes beyond bands for reliability.
Momentum Layer: Uses averaged relative changes across varying periods to flag strong impulses or pullbacks, enhancing channel breakouts with contextual strength.
Trend Strength: Differentiates strong trends from ranges or transitions, altering band colors for intuitive reading (e.g., vibrant in trends, subdued otherwise).
Exhaustion Metrics:
A ratio-based signal comparing price advances to highs, smoothed to detect fading momentum.
A composite score (0-100%) aggregating normalized exhaustion, divergence flags, and volume surges—low scores suggest trend health, medium warn of fatigue, high indicate reversal potential.
Visuals:
Band plots (active/inactive) with fills for trend highlighting.
Circles on candles for pullback warnings.
Candle coloring: Dark shades for robust trends (e.g., deep green/up, maroon/down), lighter/warning tones (yellow/up, orange/down) for weakening phases.
Divergence labels on price vs. momentum for hidden/regular setups.
Dashboard: Compact table with trend, risk score (integrated exhaustion), composite value, regime, and higher-timeframe levels; background gradients from green (low risk) to red (high) for at-a-glance reversal probability.
Alerts: For channel events, momentum shifts, exhaustion thresholds, and signals.
How It Works
The indicator operates on core technical concepts without relying on external data:
Channel Construction: Starts with true range (high-low, gaps) smoothed over a period (default 120) to form ATR. Bands are midpoint ± ATR multiple (default 3.0), tightened/loosened based on closes and momentum to avoid whipsaws. Trends flip only after confirmed breaches (default 2 bars), reducing false signals.
Momentum Calculation: Aggregates percentage changes from short to long moving averages (defaults 10-200 periods), smoothed into dynamic thresholds. This detects "strong" (beyond multiples) vs. "exhausting" (pullbacks below fractions), feeding into channel logic and warnings.
Strength and Regime: ADX (default period 14) classifies markets: above high threshold (25) as trending, below low (20) as ranging, in-between as transitioning (with bias if rising and momentum aligns).
Exhaustion and Scoring:
Compares cumulative closes above priors vs. new highs, smoothed (default length 10) into a slope: positive/negative for bull/bear, intensifying for strength.
Composite score weights this normalization (40%), binary divergence checks on a standard oscillator (30%), and volume ratios (30%)—scaled to 0-100%. Thresholds (e.g., 80 for high) trigger color shifts.
Reversal risk (0-100%) blends exhaustion depth, divergences, unconfirmed bars, and the score—labeled Low (<30%), Medium (30-70%), High (>70%).
These interact: e.g., channel bands adjust with momentum, exhaustion colors candles/dashboard, creating a feedback loop for holistic analysis.
Usage Suggestions
Setup: Add to a clean chart (no other indicators unless combining for confluence, e.g., with volume—explain in notes). Use defaults for most assets; tweak ATR period/multiplier for volatility (shorter for crypto, longer for stocks). Set higher timeframe (default 60min) for context.
Interpreting Trends: Green-filled uptrends (active support band) signal buys on pullbacks; red downtrends for shorts. Vibrant colors indicate ADX strength—trade with trend.
Spotting Exhaustion/Reversals: Watch for yellow/orange candles (weakening signal) or circles (pullback warnings). Composite >80% (red dashboard cell) or high risk (yellow/orange table background) suggests exits/preparation. Divergences add confirmation: bullish (green label) near supports, bearish (red) at resistances.
Regimes: Trending: Follow channel breaks. Ranging: Fade extremes. Transitioning: Wait for emerging bias.
Alerts: Enable for real-time notifications—e.g., high exhaustion for potential tops/bottoms.
Customization: Adjust weights for risk sensitivity (e.g., boost exhaustion for conservative trading). Test on historical data to align with strategy; aim for balanced risk (e.g., <5% per trade).
This tool visualizes concepts like volatility clustering and momentum divergence, aiding in trend-following or mean-reversion setups. Always combine with personal analysis—it's not a signal generator but a decision aid.
Credits and Notes
Builds on public domain ATR/ADX ideas; exhaustion ratio inspired by Franklin Moormann (cheatcountry), with major enhancements like multi-momentum integration, composite scoring, and visual/dashboard features for originality.
Compliant with Pine v6; open-source for community use. No ads/guarantees—past performance isn't indicative. Manage risk; this is educational. For chart: Publish clean, with this script only, showing clear outputs.
Sürüm Notları
updated table Sürüm Notları
updated trend indentificaton Sürüm Notları
bug fixSürüm Notları
bug trend filterSürüm Notları
integrated trend exaustionSürüm Notları
added top bottom reversal signals and trend followingSürüm Notları
updated alerts Sürüm Notları
better alerts improvmentKorumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Korumalı komut dosyası
Bu komut dosyası kapalı kaynak olarak yayınlanmaktadır. Ancak, özgürce ve herhangi bir sınırlama olmaksızın kullanabilirsiniz – daha fazla bilgi burada.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.