OPEN-SOURCE SCRIPT
VOLATISPHERE + Alert
VOLATISPHERE — Volatility-Based Trend & Reversion Indicator
The VOLATISPHERE is a powerful multi-functional indicator designed to detect volatility-driven price extremes, mean-reversion opportunities, and multi-timeframe trend direction using adaptive dynamic bands.
🔍 Core Features
Volatility Bands: Calculates dynamic upper, middle, and lower bands based on average high-low range and ATR, scaled by a customizable standard deviation.
Mean Reversion Signal: A normalized oscillator identifies potential overbought/oversold zones and triggers mean reversion signals (🞛 for bullish, 🞜 for bearish) when price deviates strongly from the bands.
Band Color Logic: The color of the middle band adapts based on trend momentum — green for bullish shifts and red for bearish turns.
Auto-Labeling: Real-time dynamic labels display current band levels for better readability on the chart (upper and lower bands in white, middle band in trend color).
📊 Multi-Timeframe Trend Dashboard
A built-in TrendMeter table displays the current trend status (Bullish / Bearish / Neutral) across multiple timeframes: 5m, 15m, 1H, 4H, Daily, and Weekly. This provides a quick overview of broader market alignment.
🔔 Alerts
Custom alert conditions are available for:
Price crossing each band (upper, middle, lower)
Entry signals from overbought/oversold zones
The VOLATISPHERE is a powerful multi-functional indicator designed to detect volatility-driven price extremes, mean-reversion opportunities, and multi-timeframe trend direction using adaptive dynamic bands.
🔍 Core Features
Volatility Bands: Calculates dynamic upper, middle, and lower bands based on average high-low range and ATR, scaled by a customizable standard deviation.
Mean Reversion Signal: A normalized oscillator identifies potential overbought/oversold zones and triggers mean reversion signals (🞛 for bullish, 🞜 for bearish) when price deviates strongly from the bands.
Band Color Logic: The color of the middle band adapts based on trend momentum — green for bullish shifts and red for bearish turns.
Auto-Labeling: Real-time dynamic labels display current band levels for better readability on the chart (upper and lower bands in white, middle band in trend color).
📊 Multi-Timeframe Trend Dashboard
A built-in TrendMeter table displays the current trend status (Bullish / Bearish / Neutral) across multiple timeframes: 5m, 15m, 1H, 4H, Daily, and Weekly. This provides a quick overview of broader market alignment.
🔔 Alerts
Custom alert conditions are available for:
Price crossing each band (upper, middle, lower)
Entry signals from overbought/oversold zones
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.