PROTECTED SOURCE SCRIPT
Price Below PDL - Complete Multi-Confirmation Alert

🎯 KEY DIFFERENCES - BEARISH VERSION:$jmoskyhigh
1. Core Logic Inversions:
PDL (Previous Day Low) instead of PDH
Below instead of Above
Breakdown instead of Breakout
bars_below instead of bars_above
ma_bearish (Fast < Slow) instead of ma_bullish
2. Visual Changes:
Red color scheme throughout
Red background when below PDL with confirmations
Triangle DOWN for alert (location.abovebar)
Diamond ABOVE bar for breakdown start
Red header in info panel ("PDL:")
Red MA fill when bearish
3. Confirmation Requirements:
✅ Volume Spike - Same logic
✅ MA Bearish - Fast MA < Slow MA
✅ Below VWAP - Price < VWAP
✅ Hold Period - Must stay below PDL with all confirmations
✅ Reset on Failure - Any lost confirmation = complete reset
1. Core Logic Inversions:
PDL (Previous Day Low) instead of PDH
Below instead of Above
Breakdown instead of Breakout
bars_below instead of bars_above
ma_bearish (Fast < Slow) instead of ma_bullish
2. Visual Changes:
Red color scheme throughout
Red background when below PDL with confirmations
Triangle DOWN for alert (location.abovebar)
Diamond ABOVE bar for breakdown start
Red header in info panel ("PDL:")
Red MA fill when bearish
3. Confirmation Requirements:
✅ Volume Spike - Same logic
✅ MA Bearish - Fast MA < Slow MA
✅ Below VWAP - Price < VWAP
✅ Hold Period - Must stay below PDL with all confirmations
✅ Reset on Failure - Any lost confirmation = complete reset
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.
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.