Value Scanner | QuantEdgeB

๐ What is the Value Scanner?
The Value Scanner by QuantEdgeB is a volatility-adaptive valuation framework that dynamically evaluates where price sits relative to a custom โFair Valueโ zone. It combines your choice of moving average engine (SMA, WMA, VIDYA, etc.) with multi-layered standard deviation or ATR-based bands to highlight extreme conditions, reversal zones, and statistical overextensions in real time.
๐ก Think of Value Scanner as a radar grid, continuously scanning market terrain and painting a full spectrum from balance to extreme disequilibrium.
โ๏ธ Core Components
โ Customizable Moving Average Core
At the heart of the scanner lies a flexible moving average engine:
โข Choose from 12+ advanced types: ๐ฆ๐๐, ๐ฅ๐ฆ๐๐, ๐ฅ๐๐๐จ๐, ๐ข๐๐๐, ๐๐๐๐, ๐๐ข๐๐, and more.
โข Fair Value is derived from this base and acts as the center of the statistical zones.
โ Volatility-Driven Band Construction
Two volatility methods power the adaptive zones:
โข Average True Range (ATR): Ideal for reactive, price-based spreads.
โข Standard Deviation (SD): Better for modeling reversion and deviation symmetry.
The scanner builds up to ยฑ5ฯ zones, dynamically updating in real time.
๐ฏ Signal and Zone Identification
๐งญ Deviation Labels
The system assigns a statistical label at every candle:
โข From +0.5ฯ to +5ฯ for increasing levels of overextension upward.
โข From -0.5ฯ to -5ฯ for oversold and undervalued conditions.
๐ Market Stage Detection
Each deviation zone is translated into an intuitive market phrase such as:
โข โ๐๐๐ฝ๐ป๐ฎ๐ถ๐ฎ๐ต๐ ๐๐ฟ๐ฎ๐ป๐ซ๐ธ๐พ๐ฐ๐ฑ๐ฝโ
โข โ๐๐ฒ๐ญ ๐ฅ๐ช๐ต๐พ๐ฎ / ๐๐ช๐ต๐ช๐ท๐ฌ๐ฎ๐ญโ
โข โ๐๐ช๐๐ฒ๐ถ๐พ๐ถ ๐๐๐ฝ๐ฎ๐ท๐ผ๐ฒ๐ธ๐ท ๐๐ธ๐๐ทโ
These phrases help you intuitively gauge risk, reward, and imbalance without needing to study a chart for long.
๐บ Signal Mechanics
๐ Reversal Signals (Optional)
โข Automatic buy signals when price crosses above key lower deviation levels.
โข Sell signals when price crosses below upper deviation bands.
โข Ideal for mean-reversion setups or high-probability reversal plays.
๐ผ๏ธ Visual Overlay Engine
โข Beautifully shaded volatility bands with decreasing opacity as they move away from fair value.
โข Background coloring highlights extreme price zones for fast visual alerts.
โข Built-in "table display" summarizing the current base, volatility method, direction, fair value, and deviation stage.
๐ Table Overlay Features
The live diagnostic table (position adjustable) displays:
โข ๐ Current Base MA Type
โข ๐ก๏ธ Volatility Method in use (ATR or SD)
โข ๐งญ Trend direction (rising/falling/neutral)
โข ๐งฎ Current Deviation Label (+2ฯ, -3ฯ, etc.)
โข ๐ฆ Interpretive Stage Phrase ("Strongly Overbought", etc.)
โข ๐ Real-Time Fair Value
โข ๐จ Upper & Lower Extremes
๐ง Why Use the Value Scanner?
This tool is designed for traders who want to:
โข Identify price extremes relative to statistical norms.
โข Time entries and exits based on price's relationship to value zones.
โข Visualize volatility structure without clutter.
โข Combine trend-following or mean-reversion logic with elegant overlays and table analytics.
๐ผ Ideal Use Cases
โข Swing trading: Spot overextensions or returns to mean.
โข Options traders: Gauge volatility compression or expansion.
โข Reversion systems: Generate contrarian signals at edge zones.
โข Trend continuation: Use +1ฯ or -1ฯ as breakout validation levels.
๐งฌ Default Settings
โข Base Type: ๐ฆ๐๐
โข Length: 21
โข Volatility Type: ๐๐ฟ๐ฐ. ๐ฃ๐ป๐พ๐ฎ ๐ก๐ช๐ท๐ฐ๐ฎ
โข. Volatility Lengths: ATR 14 / Stdev 30
๐งฌ In Summary
Value Scanner | QuantEdgeB is not just a volatility band indicator โ itโs a contextual market scanner that combines price equilibrium theory with precision deviation mapping. It adds statistical insight, color-coded extremes, and narrative stage identification โ all in real time.
Whether youโre trend-following or fading extremes, this system helps you locate value, measure dislocation, and trade with mathematical confidence.
๐ Trade with Statistical Precision | Powered by QuantEdgeB
๐น Disclaimer: Past performance is not indicative of future results.
๐น Strategic Advice: Always backtest, optimize, and align parameters with your trading objectives and risk tolerance before live trading.
The Value Scanner Table offers a real-time micro-dashboard on your chart that synthesizes the most essential market conditions into a compact, informative display. Below is a detailed breakdown of each metric included in the table and what it conveys:
1. ๐๐ช๐ผ๐ฎ: The core Moving Average type used in this indicator (e.g., WMA, EMA, ALMA). It's selected via the Base Type input.
2. ๐๐ธ๐ญ๐ฎ: Volatility Calculation Mode โ either "Average True Range" (ATR) or "Standard Deviation." It affects how the dynamic upper/lower value bands are derived.
3. ๐๐ฒ๐ป๐ฎ๐ฌ๐ฝ๐ฒ๐ธ๐ท: Trend slope over recent candles โ Identifies if the base line is Increasing, Decreasing, or Neutral by comparing the current base value against the last two.
4. ๐ข๐ต๐ธ๐น๐ฎ: Steepness of the Base MA's trajectory โ A normalized slope strength metric (0โ100). Labeled as "Slight," "Moderate," "Steep," or "Very Steep." This detects acceleration of movement.
5. ๐ฅ๐ธ๐ต๐ช๐ฝ๐ฒ๐ต๐ฒ๐ฝ๐: Current band width normalized โ Interprets price volatility using the spread between upper and lower bounds. Classified as "Very Quiet," "Quiet," "Normal," "High," or "Extremely High."
6. ๐ข๐ฝ๐ช๐ฐ๐ฎ: Deviation & Valuation Stage โ Shows how far the current price is from the base line in terms of standard deviations. Ranges from "Slightly Overvalued" to "Maximum Extension Down."
7. ๐๐ช๐ฒ๐ป ๐ฅ๐ช๐ต๐พ๐ฎ: Current base line value, rounded to 2 decimals. This is the dynamically computed equilibrium price based on your chosen MA and volatility settings.
8. ๐ค๐น.๐๐ฒ๐ถ๐ฒ๐ฝ: Upper Extreme Limit
9. ๐๐ธ๐.๐๐ฒ๐ถ๐ฒ๐ฝ: Lower Extreme Limit
๐ง What Does This Table Reveal?
โข Real-Time Valuation: At a glance, users can tell if price is fairly valued or in an extreme state.
โข Trend Clarity: The slope and direction metrics visually decode hidden strength in price moves.
โข Market Rhythm: Volatility and band-width provide insight into market energy and phase (e.g., accumulation vs. expansion).
โข Reversal Context: The deviation stage helps traders assess if a pullback, breakout, or exhaustion might be forming.
โ Why It Matters
The Value Scanner Table isnโt just decorative โ it tells you:
โข Where price is heading (direction)
โข How strong the push is (slope)
โข How loud the market is (volatility)
โข Where value lives (base + deviation)
All wrapped into one tight panel.
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Script su invito
Solo gli utenti autorizzati dall'autore hanno accesso a questo script e ciรฒ richiede solitamente un pagamento. Puoi aggiungere lo script ai tuoi preferiti, ma potrai utilizzarlo solo dopo aver richiesto l'autorizzazione e averla ottenuta dal suo autore - per saperne di piรน leggi qui. Per maggiori dettagli, segui le istruzioni dell'autore qui sotto o contatta direttamente QuantEdgeB.
TradingView NON consiglia di pagare o utilizzare uno script a meno che non ci si fidi pienamente del suo autore e non si comprenda il suo funzionamento. Puoi anche trovare alternative gratuite e open-source nei nostri script della comunitร .
Istruzioni dell'autore
Attenzione: prima di richiedere l'accesso, leggi la nostra guida per gli script su invito.
whop.com/quantedgeb/ ๐
๐น Unlock our free toolbox:
tradinglibrary.carrd.co/ ๐ ๏ธ
Disclaimer: All resources and indicators provided are for educational purposes only