INVITE-ONLY SCRIPT
Updated

BTC Lead(v3.32)

47
Summary
A 15-minute, BTC-focused lead/divergence indicator designed for simple execution: when a ▲/▼ appears, start scaling in with small clips; when a ■ (black square) prints, it means the indicator’s edge has weakened (not that the market trend is over). Real-time expected move label and alert templates included. Do not fade the signal—if you must try the opposite side, wait until a ■ appears.

How to read the signals
  • ▲ Green → Long bias increased
  • ▼ Pink → Short bias increased
  • ■ Black → Edge weakened; consider taking profits/standing aside
  • Multiple level markers on the same bar (L2/L3/L4) = stronger setup

Live label (top of chart)
A single line shows the Expected Move (%) with arrow and color-coded background (↑ green / ↓ pink) for instant direction clarity.
Tip: Use Replay to watch label → ▲/▼ → ■ sequences on past data.

Confidence filter (important)
  • |Expected Move| < 1% → treat as noise / ignore
  • If considering the opposite direction, wait for a ■ first (edge reduced).

Scope
  • Internal calculations are fixed to 15-minute resolution.
  • Built for BTC 15m. It may display on other crypto symbols/timeframes, but performance is not guaranteed.

Alerts
Ready-made conditions: ENTRY LONG / ENTRY SHORT / EXIT LONG / EXIT SHORT. Add an alert on this indicator and choose the condition you want.

Risk note
For research/education only. Past behavior doesn’t guarantee future results. Predefine position sizing, stops, and profit-taking, and execute consistently.
Release Notes
Summary
A 15-minute, BTC-focused lead/divergence indicator designed for simple execution: when a ▲/▼ appears, start scaling in with small clips; when a ■ (black square) prints, it means the indicator’s edge has weakened (not that the market trend is over). Real-time expected move label and alert templates included. Do not fade the signal—if you must try the opposite side, wait until a ■ appears.

How to read the signals
  • ▲ Green → Long bias increased
  • ▼ Pink → Short bias increased
  • ■ Black → Edge weakened; consider taking profits/standing aside
  • Multiple level markers on the same bar (L2/L3/L4) = stronger setup

Live label (top of chart)
A single line shows the Expected Move (%) with arrow and color-coded background (↑ green / ↓ pink) for instant direction clarity.
Tip: Use Replay to watch label → ▲/▼ → ■ sequences on past data.
Confidence filter (important)
  • |Expected Move| < 1% → treat as noise / ignore
  • If considering the opposite direction, wait for a ■ first (edge reduced).


Scope
  • Internal calculations are fixed to 15-minute resolution.
  • Built for BTC 15m. It may display on other crypto symbols/timeframes, but performance is not guaranteed.

Alerts
Ready-made conditions: ENTRY LONG / ENTRY SHORT / EXIT LONG / EXIT SHORT. Add an alert on this indicator and choose the condition you want.

Risk note
For research/education only. Past behavior doesn’t guarantee future results. Predefine position sizing, stops, and profit-taking, and execute consistently.
Release Notes
Lead Levels — close-only signals, clean execution

What it shows

Four reliability tiers: L1, L2, L3, L4.

A black “DON’T BET” marker for extreme conditions you should skip.

All triangles print only on bar close to avoid repaint.

How to read

▲ BUY L1–L4: higher level → stronger confidence.

▼ SELL L1–L4: higher level → stronger confidence.

DON’T BET (black): stand aside. No trade.

How to trade it

When a triangle prints, run a 1:1 target/stop:

Long: TP +1%, SL −1%.

Short: TP −1%, SL +1%.

Focus on normal conditions. Skip when the black marker appears.

One entry per signal. Keep sizing consistent.

Alerts included
Configure “Once per bar close.”

ENTRY LONG — L{grade} at {price} (TP +1%, SL -1%)

ENTRY SHORT — L{grade} at {price} (TP -1%, SL +1%)

DON'T BET — extreme at {price}

Why traders like it

Close-only printing keeps charts honest.

Simple 1:1 playbook. No guesswork.

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.