Trend/Range Composite (Single-Line) v1.4

🔹 Step 1: Add it to your chart

Copy the whole script.

In TradingView → Pine Editor → paste it.

Click Add to chart.

It will show a white line in a subwindow, plus thresholds at 40 and 60, and a colored background.

Optional: You’ll see a status box (top-right of chart) with details like ADX, ATR, slope, etc.

🔹 Step 2: Understand the Score

The indicator compresses all signals into a 0–100 “Trend Strength Score”:

≥ 60 = TREND (teal background)
→ Market is trending, consider trend strategies like vertical spreads, runners, breakouts.

≤ 40 = RANGE (orange background)
→ Market is choppy/sideways, consider range strategies like butterflies, condors, mean-reversion fades.

40–60 = MIXED (gray background)
→ Indecision / chop. Best to reduce size or wait for clarity.

🔹 Step 3: Use with Your Trading Plan

Intraday (5m, 15m, 30m)

Score < 40 → play support/resistance bounces, fade extremes.

Score > 60 → play momentum breakouts or pullback continuations.

Daily chart

Good for swing context (is this month trending or just chopping?).

🔹 Step 4: Alerts

You can set TradingView alerts:

Cross above 60 → market entering trend mode.

Cross below 40 → market entering range mode.

Useful if you don’t want to watch constantly.

🔹 Step 5: Confirm with Price Levels

The score tells you “trend vs range”, but you still need levels:

If score < 40 → mark PDH / PDL (previous day high/low), VAH/VAL, VWAP. Expect rejections/fades.

If score > 60 → watch for breakouts beyond PDH/PDL or supply/demand zones.