OPEN-SOURCE SCRIPT

Atlantean Sideways / Range Regime Detector

253
Purpose
When using trend based indicators, you can skip the false signals when there is a sideways action, protecting you from the false signals.
Flags likely sideways/range phases using three checks:
  • Weak trend (ADX from DMI)
  • Price compression (Bollinger Band Width, normalized)
  • Low volatility (NATR = ATR/Price%)

Logic
  • Pine Script®
    isSideways = (ADX < adxThresh) AND (bbNorm < 0.25) AND (NATR < natrMax)
  • When true: bars + background turn teal and a provisional Range High/Low (rolling rangeWin) is drawn.

Key Inputs
  • DMI: diLen(22)
    Optimized for 15 mins Bitcoin, could change it to 14 for more general approach
  • ADX: adxSmooth(14), adxThresh(18)
  • Volatility: lenATR(14), natrMax(1.8)
  • Visuals: rangeWin(20), bar/range toggles

Quick Tuning
  • More signals: raise adxThresh to 20–25, raise natrMax to 2.5–4.0, increase BB cutoff by editing bbNorm < 0.25 --> 0.35–0.50.
  • Smoother range lines: increase rangeWin to 30–40.

Use Cases
  • Mean reversion inside teal ranges.
  • Breakout prep when price closes outside the drawn range after teal ends. Could be used as a signal although not suggested.
  • Filter trend systems: skip trades when sidewaysCond is true. This is the main purpose, for it to be combined with trend based indicators, like Supertrend.

Alert
  • “Sideways Detected” triggers when isSideways is true.

Script could be expanded upon your requests.

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.