OPEN-SOURCE SCRIPT

Volumetric Pivot Echo

746
🔮 Volumetric Pivot Echo (VPE)
Future Price Projection Zones with Confidence Scoring

📘 Overview
The Volumetric Pivot Echo (VPE) is a next-generation leading indicator that identifies high-volume reversal points and echoes their price + time behavior into the future — giving you a visual forecast box that includes a confidence score, price range, and duration estimate.
It’s designed for swing and options traders who want forward guidance based on real structure, not just reactive signals.

⚙️ How It Works
Pivot Detection – Finds pivot highs/lows based on configurable bar structure.

Volume Confirmation – Only confirms pivots backed by strong volume (e.g., 1.5× average).

Echo Logic – Measures the price move and time it took to reach the pivot.

ATR Scaling – Adjusts projections based on current market volatility.

Confidence Score – Rates each projection (0–100%) based on structure match, volatility, and direction alignment.

📦 What Appears on Chart
Projection Box:
A forward-drawn rectangle from the current bar to the estimated future zone. The box's size and duration mirror the last valid momentum leg.

Box Label Text:

🔹 Range (projected move size)

⏱️ Duration (bars expected)

✅ Confidence %

VPH/VPL Markers:
Pivot highs and lows confirmed by volume, marked with “VPH” or “VPL”.

🎯 How to Trade with It
Use the box as a target zone for directional trades.

If price enters a box with >85% confidence, consider it a high-quality path projection.

Use with support/resistance confluence or entry systems.

Works especially well for swing trading, breakout setups, or options targeting.

🛠️ Recommended Settings
Box Transparency: Set Projection Up/Down Color to 90 (10% visible).

Text Color: Set to white for readability.

Volume Multiplier: Default 1.5x, increase in choppy markets.

Projection Duration: Start with 1.0x echo multiplier and fine-tune.

⏳ Timeframes & Accuracy
Timeframe Confidence Zones Most Reliable
15m – 1h Use 70–85% confidence scores
1h – 4h Sweet spot for balanced signals
1D – 1W Strongest historical echo tracking (>85% ideal)

✅ Key Features
Forward-looking, non-repainting logic

Clear visual projections — no guesswork

Confidence scoring built-in

ATR-adjusted — adapts to volatility

Works on any asset (stocks, crypto, FX)

🧠 Why It’s Unique
This is not a lagging oscillator or classic trend-following tool.
It’s a leading structure projection model — combining pivot behavior, volume intensity, and market volatility to sketch forward “echo zones” based on the past.

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.