OPEN-SOURCE SCRIPT
BlueSkyTerritory
1️⃣ TradingView — Public Script Description
(Legally safe / transparent / non-provocative)
BlueSkyTerritory
BlueSkyTerritory is a multi-timeframe volatility structure indicator designed to highlight periods of compression (price balance) and expansion (price movement) using widely known, non-proprietary mathematical concepts.
This script is built entirely from:
Bollinger Bands
Keltner Channels
ATR-based volatility calculations
Standard multi-timeframe analysis
All calculations rely exclusively on price and volatility data provided by TradingView.
What this indicator does
Identifies volatility compression (price coiling)
Highlights potential expansion regimes as compression unwinds
Allows two independent timeframes per instance (2TF)
Supports stacking multiple instances for top-down analysis
Uses confirmed (non-repainting) values for stability
This tool is intended for context, structure, and regime awareness, not as a standalone trading signal.
Important clarifications
This script does not use options chain data
This script does not calculate Gamma, GEX, dealer positioning, or order-flow
This script does not pull any external or proprietary data
This script does not attempt to replicate or replace true options-based gamma models
TradingView’s platform does not provide real-time, full-chain options gamma exposure to Pine Script. Any claims of selling “live GEX / gamma” scripts directly inside TradingView should be treated with caution.
Development note
This indicator was developed solely using ChatGPT as a coding assistant, based on public, well-documented volatility math and TradingView’s Pine Script documentation.
No proprietary source code, private indicators, or restricted datasets were used or referenced in its creation.
Disclaimer
This indicator is for educational and analytical purposes only.
It does not constitute financial advice, trading recommendations, or guaranteed outcomes.
(Legally safe / transparent / non-provocative)
BlueSkyTerritory
BlueSkyTerritory is a multi-timeframe volatility structure indicator designed to highlight periods of compression (price balance) and expansion (price movement) using widely known, non-proprietary mathematical concepts.
This script is built entirely from:
Bollinger Bands
Keltner Channels
ATR-based volatility calculations
Standard multi-timeframe analysis
All calculations rely exclusively on price and volatility data provided by TradingView.
What this indicator does
Identifies volatility compression (price coiling)
Highlights potential expansion regimes as compression unwinds
Allows two independent timeframes per instance (2TF)
Supports stacking multiple instances for top-down analysis
Uses confirmed (non-repainting) values for stability
This tool is intended for context, structure, and regime awareness, not as a standalone trading signal.
Important clarifications
This script does not use options chain data
This script does not calculate Gamma, GEX, dealer positioning, or order-flow
This script does not pull any external or proprietary data
This script does not attempt to replicate or replace true options-based gamma models
TradingView’s platform does not provide real-time, full-chain options gamma exposure to Pine Script. Any claims of selling “live GEX / gamma” scripts directly inside TradingView should be treated with caution.
Development note
This indicator was developed solely using ChatGPT as a coding assistant, based on public, well-documented volatility math and TradingView’s Pine Script documentation.
No proprietary source code, private indicators, or restricted datasets were used or referenced in its creation.
Disclaimer
This indicator is for educational and analytical purposes only.
It does not constitute financial advice, trading recommendations, or guaranteed outcomes.
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.