INVITE-ONLY SCRIPT
VPR Grid
Updated
█ OVERVIEW
Official release of VPR Grid, a mean reverting, trend discovering tool meant to protect capital and find high probability entries.
What this indicator is meant to be used for:
Options to configure:
The most important thing to use VPR effectively is to use its settings. The flexibility of VPR Grid is given through its settings. The development that went towards mean reversion and trend discovering means it is a hybrid of fading and trend following tools.
This is a paid premium indicator; please DM me for access. See the images below for examples/explanations on the indicator. Take note of the indicator arguments and which settings were used for a certain timeframe or asset class.
Official release of VPR Grid, a mean reverting, trend discovering tool meant to protect capital and find high probability entries.
What this indicator is meant to be used for:
- Mean reverting trades
- Entries or exits for either swing trades or scalps
- Traditional and cryptocurrency markets
- Low and high timeframe setups
- Sentiment checks
Options to configure:
- Optionally use volume in analysis
- Use intraday, daily, weekly, or month calculation + choose how many periods of each
- Moving average length. This is best kept on the lower end for cryptocurrencies, with respect for volatility
- Grid spacing: a purely comestic option that should help with viewing the indicator.
The most important thing to use VPR effectively is to use its settings. The flexibility of VPR Grid is given through its settings. The development that went towards mean reversion and trend discovering means it is a hybrid of fading and trend following tools.
This is a paid premium indicator; please DM me for access. See the images below for examples/explanations on the indicator. Take note of the indicator arguments and which settings were used for a certain timeframe or asset class.
Release Notes
NEW FUNCTIONSContinuation trend bar:
- Helps identify continuations that you shouldn't fade
- Helps you determine if you should hold onto a trade
Reworked reversal formula and visuals:
- Highlighting for the extreme reversal signals/black bars
Improved utility on stocks!
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact NeoButane for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
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Want to use this script on a chart?
Warning: please read before requesting access.
My published indicators: tradingview.com/u/NeoButane/
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