OPEN-SOURCE SCRIPT
Volatility Shield Pro
Concept: Volatility Shield Pro is a multi-dimensional execution engine designed to filter high-probability entries by triangulating Trend, Institutional Volume, and Statistical Exhaustion.
Why this is original: Unlike standard indicators that look at price in a vacuum, this uses a Volume-Weighted ATR (VWATR) to distinguish between retail noise and institutional "Strikes." It integrates an ADR (Average Daily Range) Fuel gauge to prevent entries into exhausted moves, solving the common problem of buying the "top" of a trend.
Components & Logic:
Institutional Strike Engine: Uses VWATR normalized against a 50-period SMA to find momentum backed by volume.
ADR Fuel Gauge: Calculated by comparing current price travel to the 10-day ADR. A "State" of EXHAUSTED is triggered at 120% to warn of mean reversion.
HTF Anchor: A built-in Higher Time Frame EMA filter (default 4H) to ensure local trades align with the macro tide.
Live EDGE Tracker: A real-time backtesting module that calculates the win rate of the "Strike" signals on the current chart history using a 1.5:1 Reward-to-Risk ratio.
This combined tool addresses the three main reasons most trading systems fail by integrating higher-timeframe bias, daily range exhaustion, and volume confirmation into one framework:
Fighting the Tide (HTF Ribbon): Keeps traders aligned with the dominant higher-timeframe trend to avoid counter-trend entries.
Running Out of Gas (ADR Fuel): Measures a symbol’s average daily range to prevent chasing moves that have already reached their statistical limit.
Ghost Volume (RVOL/VWATR): Filters out low-quality, retail-driven activity by requiring institutional-level volume spikes before taking trades.
In essence, it combines trend alignment, range exhaustion detection, and real-volume filtering to eliminate the most common account-killing mistakes.
The "Triple-Threat" Trade Setup
This is the highest-probability setup the tool can produce. When these three things align, the "Edge" is at its peak:
The Anchor: HTF Ribbon is Bright Green.
The Local: Atlas Trend Bias is BULLISH and State is STRIKE.
The Value: ADR Fuel is Low (40-60%), meaning the stock has massive room to move before hitting daily resistance.
Why this is original: Unlike standard indicators that look at price in a vacuum, this uses a Volume-Weighted ATR (VWATR) to distinguish between retail noise and institutional "Strikes." It integrates an ADR (Average Daily Range) Fuel gauge to prevent entries into exhausted moves, solving the common problem of buying the "top" of a trend.
Components & Logic:
Institutional Strike Engine: Uses VWATR normalized against a 50-period SMA to find momentum backed by volume.
ADR Fuel Gauge: Calculated by comparing current price travel to the 10-day ADR. A "State" of EXHAUSTED is triggered at 120% to warn of mean reversion.
HTF Anchor: A built-in Higher Time Frame EMA filter (default 4H) to ensure local trades align with the macro tide.
Live EDGE Tracker: A real-time backtesting module that calculates the win rate of the "Strike" signals on the current chart history using a 1.5:1 Reward-to-Risk ratio.
This combined tool addresses the three main reasons most trading systems fail by integrating higher-timeframe bias, daily range exhaustion, and volume confirmation into one framework:
Fighting the Tide (HTF Ribbon): Keeps traders aligned with the dominant higher-timeframe trend to avoid counter-trend entries.
Running Out of Gas (ADR Fuel): Measures a symbol’s average daily range to prevent chasing moves that have already reached their statistical limit.
Ghost Volume (RVOL/VWATR): Filters out low-quality, retail-driven activity by requiring institutional-level volume spikes before taking trades.
In essence, it combines trend alignment, range exhaustion detection, and real-volume filtering to eliminate the most common account-killing mistakes.
The "Triple-Threat" Trade Setup
This is the highest-probability setup the tool can produce. When these three things align, the "Edge" is at its peak:
The Anchor: HTF Ribbon is Bright Green.
The Local: Atlas Trend Bias is BULLISH and State is STRIKE.
The Value: ADR Fuel is Low (40-60%), meaning the stock has massive room to move before hitting daily resistance.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.