OPEN-SOURCE SCRIPT
bezgincan_BPA
Integrated Market Analyzer (V6) - [H+T+V+M]
Why?
This is an advanced oscillator powered by the v6 engine that combines the four main pillars of technical analysis —Volume, Trend, Volatility , and Momentum —into a single mathematical model. It eliminates chart clutter, allowing you to monitor market strength, speed, and saturation from a single panel.
Fourfold Analysis Logic:
Trend: Calculates the main direction and slope of the price using linear regression slope.
Momentum: Measures the strength of price movement using RSI-based normalized momentum data.
Volatility: Compares current volatility to historical averages via the ATR ratio.
Volume: By relating volume increases to momentum, it confirms the reality of the motion.
How to Use?
The display operates on a fixed, normalized scale between -100 and +100 :
Zero Line Intersections: When the BPA line crosses above 0 (Green Area) , it indicates increased buying pressure, and when it crosses below 0 (Red Area), it indicates increased selling pressure.
Extremes (Yellow Background): When the indicator rises above +70 or falls below -70 , it means the market is "overheated". These zones signal that the trend is exhausted and a correction (or profit-taking) may be imminent.
Signal Labels: The triangles on the chart represent zero-line intersections (trend reversal confirmation).
Why this indicator?
Normalized Scale: Unlike classic indicators, it always stays within the -100/+100 range, providing visual consistency.
Filtered Data: It doesn't just look at price; it incorporates volume and volatility to help filter out "fake" patterns.
Pine Script v6: Performs fast and optimized calculations with the latest Pine Script engine.
Why?
This is an advanced oscillator powered by the v6 engine that combines the four main pillars of technical analysis —Volume, Trend, Volatility , and Momentum —into a single mathematical model. It eliminates chart clutter, allowing you to monitor market strength, speed, and saturation from a single panel.
Fourfold Analysis Logic:
Trend: Calculates the main direction and slope of the price using linear regression slope.
Momentum: Measures the strength of price movement using RSI-based normalized momentum data.
Volatility: Compares current volatility to historical averages via the ATR ratio.
Volume: By relating volume increases to momentum, it confirms the reality of the motion.
How to Use?
The display operates on a fixed, normalized scale between -100 and +100 :
Zero Line Intersections: When the BPA line crosses above 0 (Green Area) , it indicates increased buying pressure, and when it crosses below 0 (Red Area), it indicates increased selling pressure.
Extremes (Yellow Background): When the indicator rises above +70 or falls below -70 , it means the market is "overheated". These zones signal that the trend is exhausted and a correction (or profit-taking) may be imminent.
Signal Labels: The triangles on the chart represent zero-line intersections (trend reversal confirmation).
Why this indicator?
Normalized Scale: Unlike classic indicators, it always stays within the -100/+100 range, providing visual consistency.
Filtered Data: It doesn't just look at price; it incorporates volume and volatility to help filter out "fake" patterns.
Pine Script v6: Performs fast and optimized calculations with the latest Pine Script engine.
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.