PROTECTED SOURCE SCRIPT
Mizan v5: L-Score Framework (Digital)
Title: Mizan v5: L-Score Framework (Digital)
Overview: Mizan v5: L-Score is a quantitative multi-factor oscillator designed to measure market "actualization" based on the Mizan Ontological Framework. It synthesizes velocity, saturation, and volume-mass into a single normalized index (L-Score) to distinguish between market noise and established trends
Technical Components:
Velocity (H): Based on a normalized CCI, it measures the rate of price displacement relative to statistical means.
Saturation (T): Utilizes RSI to identify the exhaustion levels of the current directional move.
Volume Mass (R): Implements a corrected Chaikin Money Flow (CMF) calculation to determine the "ontological weight" behind price action.
The L-Score Logic: The final score is a weighted composite of these three elements. By assigning the highest weight to Volume Mass (60%), the indicator ensures that a price move is only validated as "Real" when it is backed by significant capital flow.
How to Read:
L-Score > 65: Strong trend emergence. Ontological collapse into a "Classical" regime is confirmed.
L-Score < 35: Trend degradation. The market is returning to a state of high entropy or reversal.
Background Shading: Visualizes the price location within a global lookback range (Concentration) to provide a macro context for the L-Score signals.
Overview: Mizan v5: L-Score is a quantitative multi-factor oscillator designed to measure market "actualization" based on the Mizan Ontological Framework. It synthesizes velocity, saturation, and volume-mass into a single normalized index (L-Score) to distinguish between market noise and established trends
Technical Components:
Velocity (H): Based on a normalized CCI, it measures the rate of price displacement relative to statistical means.
Saturation (T): Utilizes RSI to identify the exhaustion levels of the current directional move.
Volume Mass (R): Implements a corrected Chaikin Money Flow (CMF) calculation to determine the "ontological weight" behind price action.
The L-Score Logic: The final score is a weighted composite of these three elements. By assigning the highest weight to Volume Mass (60%), the indicator ensures that a price move is only validated as "Real" when it is backed by significant capital flow.
How to Read:
L-Score > 65: Strong trend emergence. Ontological collapse into a "Classical" regime is confirmed.
L-Score < 35: Trend degradation. The market is returning to a state of high entropy or reversal.
Background Shading: Visualizes the price location within a global lookback range (Concentration) to provide a macro context for the L-Score signals.
Protected script
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.