OPEN-SOURCE SCRIPT
Updated Status + Bollingers
This combined indicator provides a concise view of the market's current state, volatility, and momentum using key technical metrics displayed on a central dashboard and overlaid on the price chart.
The Bollinger Bands consist of a 20-period Simple Moving Average (SMA) as the middle line, bounded by an upper and lower band (typically $2.0$ Standard Deviations).
Function: Measures volatility.
CRSI (RSI) Red ($>70$), Lime ($<30$) - Indicates Overbought (Red) or Oversold (Lime) pressure, signaling possible reversals.
ADX Orange ($>30$), Gray ($<20$) - Measures Trend Strength, regardless of direction. Orange means strong trend (ideal for trend following); Gray means weak/ranging market.
Volume Status "Bang" (Red) Safe (Green) - Compares current volume to the average. "Patladı" indicates a significant volume spike (momentum confirmation), suggesting institutional activity or a decisive move.
The Bollinger Bands consist of a 20-period Simple Moving Average (SMA) as the middle line, bounded by an upper and lower band (typically $2.0$ Standard Deviations).
Function: Measures volatility.
CRSI (RSI) Red ($>70$), Lime ($<30$) - Indicates Overbought (Red) or Oversold (Lime) pressure, signaling possible reversals.
ADX Orange ($>30$), Gray ($<20$) - Measures Trend Strength, regardless of direction. Orange means strong trend (ideal for trend following); Gray means weak/ranging market.
Volume Status "Bang" (Red) Safe (Green) - Compares current volume to the average. "Patladı" indicates a significant volume spike (momentum confirmation), suggesting institutional activity or a decisive move.
Release Notes
This combined indicator provides a concise view of the market's current state, volatility, and momentum using key technical metrics displayed on a central dashboard and overlaid on the price chart.The dashboard provides immediate insight into momentum, trend strength, and trading volume.
CRSI (RSI) Orange Red (>70), Lime (<30) - Indicates Overbought (Red) or Oversold (Lime) pressure, signaling possible reversals.
ADX Orange (>30), Gray (<20) - Measures Trend Strength, regardless of direction. Orange means strong trend (ideal for trend following); Gray means weak/ranging market.
Volume Status "Bang" (Red), "Safe" (Green) - Compares current volume to the average. "Patladı" indicates a significant volume spike (momentum confirmation), suggesting institutional activity or a decisive move.
Release Notes
This indicator is a comprehensive analysis tool designed for professionals engaged in scalping and day trading within the crypto and forex markets. While overlaying Bollinger Bands on your chart, it consolidates all critical indicator readings into one customizable, at-a-glance Dashboard.ADX: Visualizes trend strength with color coding (Weak, Moderate, Strong).
Volume Bang/Safe: Instantly alerts to sudden volume spikes (Vol Bang) above a defined average, helping you catch breakout opportunities or manage volatility risks.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.