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.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.