OPEN-SOURCE SCRIPT
Market State
Identifies market regime (Expansion, Crawl, Compression, Reversion, Chop) using VWAP-based auction theory and volatility analysis.
Full Description:
This indicator combines Auction Market Theory with Volatility Regime Detection to classify the current market state and highlight key auction events.
🎯 Market States (Background Colors)
EXPANSION (lime) — Strong directional move, price outside value zone
CRAWL (green) — Trending move with price acceptance
REVERSION (orange) — Mean reversion back to value after deviation
COMPRESSION (blue) — Tight range, accumulation/distribution phase
CHOP (red) — Choppy, directionless price action
📍 Event Markers
ACC↑ / ACC↓ — Price acceptance above/below VWAP (A of B bars closed on one side)
REJ — Rejection at extreme (breakout + long wick)
RCLM — Value reclaim (price returns to value zone)
LOSS — Value loss (price breaks out of value zone)
📊 Key Components
VWAP — Dynamic fair value reference
Value Zone — VWAP ± k×ATR band (configurable)
Range/ATR Ratio — Volatility regime detection
EMA Slope — Trend direction proxy
💡 Trading Logic
COMPRESSION → Wait for breakout
EXPANSION → Follow the trend
REVERSION/REJ → Look for mean reversion trades
CHOP → Avoid or scalp range boundaries
⚙️ Settings
All parameters are fully customizable: ATR length, acceptance window, rejection thresholds, compression/expansion levels, and visual toggles.
Full Description:
This indicator combines Auction Market Theory with Volatility Regime Detection to classify the current market state and highlight key auction events.
🎯 Market States (Background Colors)
EXPANSION (lime) — Strong directional move, price outside value zone
CRAWL (green) — Trending move with price acceptance
REVERSION (orange) — Mean reversion back to value after deviation
COMPRESSION (blue) — Tight range, accumulation/distribution phase
CHOP (red) — Choppy, directionless price action
📍 Event Markers
ACC↑ / ACC↓ — Price acceptance above/below VWAP (A of B bars closed on one side)
REJ — Rejection at extreme (breakout + long wick)
RCLM — Value reclaim (price returns to value zone)
LOSS — Value loss (price breaks out of value zone)
📊 Key Components
VWAP — Dynamic fair value reference
Value Zone — VWAP ± k×ATR band (configurable)
Range/ATR Ratio — Volatility regime detection
EMA Slope — Trend direction proxy
💡 Trading Logic
COMPRESSION → Wait for breakout
EXPANSION → Follow the trend
REVERSION/REJ → Look for mean reversion trades
CHOP → Avoid or scalp range boundaries
⚙️ Settings
All parameters are fully customizable: ATR length, acceptance window, rejection thresholds, compression/expansion levels, and visual toggles.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.