OPEN-SOURCE SCRIPT
Axis Pressure Cartography [JOAT]
Axis Pressure Cartography [JOAT]
Introduction
Axis Pressure Cartography is an open-source normalized pressure oscillator that measures how far price has deviated from a configurable moving average and classifies the resulting state into constructive, compressed, or overheated conditions.
Core Concepts
1. Normalized MA distance
Price is measured against a configurable moving average and normalized against recent maximum deviation so different volatility regimes remain interpretable on the same scale.
2. State persistence
Pressure states are held using a confirmation window rather than flipping instantly on small changes, which reduces noise and creates a more stable regime read.
3. Envelope logic
Pressure envelopes define structural bounds around the oscillator so extreme expansion can be recognized as a separate state from ordinary constructive trend pressure.
Features
Disclaimer
This indicator is educational only. Extreme pressure can persist longer than expected, and compression can resolve in either direction.
Introduction
Axis Pressure Cartography is an open-source normalized pressure oscillator that measures how far price has deviated from a configurable moving average and classifies the resulting state into constructive, compressed, or overheated conditions.
Core Concepts
1. Normalized MA distance
Price is measured against a configurable moving average and normalized against recent maximum deviation so different volatility regimes remain interpretable on the same scale.
2. State persistence
Pressure states are held using a confirmation window rather than flipping instantly on small changes, which reduces noise and creates a more stable regime read.
3. Envelope logic
Pressure envelopes define structural bounds around the oscillator so extreme expansion can be recognized as a separate state from ordinary constructive trend pressure.
Features
- Normalized pressure oscillator and signal
- Compression, expansion, and overheated-state classification
- Envelope rails and pressure background tint
- Compact institutional dashboard
- Confirmed alerts for flips, releases, and exhaustion transitions
Disclaimer
This indicator is educational only. Extreme pressure can persist longer than expected, and compression can resolve in either direction.
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.
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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.
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.
The AI Trading Ecosystem, Built to win trades 📈
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
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.