PROTECTED SOURCE SCRIPT
Trendilo + Adaptive Volatility Prediction Algorithm
Trendilo + Adaptive Volatility Prediction Algorithm
Credit: Original Trendilo created by dudeowns. This version keeps the original trend logic and adds an algorithmic based volatility predictive method used in other proprietary, high end indicators I had created in the past.
Timeframe and Usage:
Designed for use on the 15m timeframe but can be used on any timeframe. Settings are available for tweaking and fine tuning based on your trading strategy and preferences.
Note: In my testing I've found the 3D to be HIGHLY effective as determining major volatile breakouts after periods of consolidation.
3 Day chart example
What this indicator shows:
• 📈 Trend Line: A simple line plot showing the general direction of price (up, down, or neutral).
• 🎨 Volatility Band: A colored visual layer that shows how tight or loose the market currently is.
Volatility Color Meanings:
• Transparent / Wide = Expanded (normal market movement)
• 🔵 Blue = Normal volatility
• 🟣 Purple = Compressed (price is tightening)
• 🔴 Red = Highly Compressed (strong pressure build-up)
• 💛 Yellow = Extremely Compressed (market is tightly coiled at a rare level)
How to interpret / use this indicator
This indicator does not predict direction. It shows how much volatile energy is building in the market for an upcoming move.
The stronger the compression (Purple > Red > Yellow), the bigger the volatility release tends to be relative to recent price action.
The yellow state is the most significant. It indicates the market is at extremely compressed levels and has enough energy stored for substantial and volatile movement.
Display Panel:
A small panel on the chart shows the current volatility condition in plain text for fast recognition.
Credit: Original Trendilo created by dudeowns. This version keeps the original trend logic and adds an algorithmic based volatility predictive method used in other proprietary, high end indicators I had created in the past.
Timeframe and Usage:
Designed for use on the 15m timeframe but can be used on any timeframe. Settings are available for tweaking and fine tuning based on your trading strategy and preferences.
Note: In my testing I've found the 3D to be HIGHLY effective as determining major volatile breakouts after periods of consolidation.
3 Day chart example
What this indicator shows:
• 📈 Trend Line: A simple line plot showing the general direction of price (up, down, or neutral).
• 🎨 Volatility Band: A colored visual layer that shows how tight or loose the market currently is.
Volatility Color Meanings:
• Transparent / Wide = Expanded (normal market movement)
• 🔵 Blue = Normal volatility
• 🟣 Purple = Compressed (price is tightening)
• 🔴 Red = Highly Compressed (strong pressure build-up)
• 💛 Yellow = Extremely Compressed (market is tightly coiled at a rare level)
How to interpret / use this indicator
This indicator does not predict direction. It shows how much volatile energy is building in the market for an upcoming move.
The stronger the compression (Purple > Red > Yellow), the bigger the volatility release tends to be relative to recent price action.
The yellow state is the most significant. It indicates the market is at extremely compressed levels and has enough energy stored for substantial and volatile movement.
Display Panel:
A small panel on the chart shows the current volatility condition in plain text for fast recognition.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.