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Updated Parabolic Short Criteria
Parabolic Short Criteria
This indicator identifies overextended stocks that may be prime candidates for parabolic short setups, based on criteria by Bracco (Braczyy on twitter/X) in his writeup "The Parabolic Short" (unchartedterritoryy.substack.com/p/the-parabolic-short). One of the best in the game at Parabolic Short setups.
What It Measures:
The indicator calculates and displays metrics that quantify how overextended a stock is relative to key moving averages and its recent price action:
Distance Metrics:
ATR Extension above 50 SMA: Measures how many ATRs (Average True Range) the current price is above the 50-day Simple Moving Average. Higher values indicate extreme extension.
% Above 9/20/50/200 Moving Averages: Shows the percentage distance between current price and each key moving average level.
Momentum Metrics:
Consecutive Green Days: Counts how many days in a row the stock has closed higher
Consecutive Gap Ups: Tracks sequential gap-up openings (today's low > yesterday's high)
Range Expansion: Analyzes how many of the last 4 days showed larger percentage moves than the prior day
Volume Expansion: Counts consecutive days of increasing volume
Color Coding System:
Each metric uses a 4-tier color system for quick visual assessment:
Dark Green: Extremely overextended (highest alert level)
Light Green: Significantly overextended
Yellow: Moderately overextended
Red: Not overextended
Use Case:
This indicator is designed for traders looking to identify parabolic moves that have reached unsustainable levels. When multiple metrics show dark green or green, the stock may be due for a pullback or reversal. Not all criteria are often met at once, but the more the better.
This indicator identifies overextended stocks that may be prime candidates for parabolic short setups, based on criteria by Bracco (Braczyy on twitter/X) in his writeup "The Parabolic Short" (unchartedterritoryy.substack.com/p/the-parabolic-short). One of the best in the game at Parabolic Short setups.
What It Measures:
The indicator calculates and displays metrics that quantify how overextended a stock is relative to key moving averages and its recent price action:
Distance Metrics:
ATR Extension above 50 SMA: Measures how many ATRs (Average True Range) the current price is above the 50-day Simple Moving Average. Higher values indicate extreme extension.
% Above 9/20/50/200 Moving Averages: Shows the percentage distance between current price and each key moving average level.
Momentum Metrics:
Consecutive Green Days: Counts how many days in a row the stock has closed higher
Consecutive Gap Ups: Tracks sequential gap-up openings (today's low > yesterday's high)
Range Expansion: Analyzes how many of the last 4 days showed larger percentage moves than the prior day
Volume Expansion: Counts consecutive days of increasing volume
Color Coding System:
Each metric uses a 4-tier color system for quick visual assessment:
Dark Green: Extremely overextended (highest alert level)
Light Green: Significantly overextended
Yellow: Moderately overextended
Red: Not overextended
Use Case:
This indicator is designed for traders looking to identify parabolic moves that have reached unsustainable levels. When multiple metrics show dark green or green, the stock may be due for a pullback or reversal. Not all criteria are often met at once, but the more the better.
Release Notes
Parabolic Short CriteriaThis indicator identifies overextended stocks that may be prime candidates for parabolic short setups, based on criteria by Bracco (Braczyy on twitter/X) in his writeup "The Parabolic Short" (unchartedterritoryy.substack.com/p/the-parabolic-short). One of the best in the game at Parabolic Short setups.
What It Measures:
The indicator calculates and displays metrics that quantify how overextended a stock is relative to key moving averages and its recent price action:
Distance Metrics:
ATR Extension above 50 SMA: Measures how many ATRs (Average True Range) the current price is above the 50-day Simple Moving Average. Higher values indicate extreme extension.
% Above 9/20/50/200 Moving Averages: Shows the percentage distance between current price and each key moving average level.
Momentum Metrics:
Consecutive Green Days: Counts how many days in a row the stock has closed higher
Consecutive Gap Ups: Tracks sequential gap-up openings (today's low > yesterday's high)
Range Expansion: Analyzes how many of the last 4 days showed larger percentage moves than the prior day
Volume Expansion: Counts consecutive days of increasing volume
Color Coding System:
Each metric uses a 4-tier color system for quick visual assessment:
Dark Green: Extremely overextended (highest alert level)
Light Green: Significantly overextended
Yellow: Moderately overextended
Red: Not overextended
Use Case:
This indicator is designed for traders looking to identify parabolic moves that have reached unsustainable levels. When multiple metrics show dark green or green, the stock may be due for a pullback or reversal. Not all criteria are often met at once, but the more the better.
Release Notes
Parabolic Short CriteriaThis indicator identifies overextended stocks that may be prime candidates for parabolic short setups, based on criteria by Bracco (Braczyy on twitter/X) in his writeup "The Parabolic Short" (unchartedterritoryy.substack.com/p/the-parabolic-short). One of the best in the game at Parabolic Short setups.
What It Measures:
The indicator calculates and displays metrics that quantify how overextended a stock is relative to key moving averages and its recent price action:
Distance Metrics:
ATR Extension above 50 SMA: Measures how many ATRs (Average True Range) the current price is above the 50-day Simple Moving Average. Higher values indicate extreme extension.
% Above 9/20/50/200 Moving Averages: Shows the percentage distance between current price and each key moving average level.
Momentum Metrics:
Consecutive Green Days: Counts how many days in a row the stock has closed higher
Consecutive Gap Ups: Tracks sequential gap-up openings (today's low > yesterday's high)
Range Expansion: Analyzes how many of the last 4 days showed larger percentage moves than the prior day
Volume Expansion: Counts consecutive days of increasing volume
Color Coding System:
Each metric uses a 4-tier color system for quick visual assessment:
Dark Green: Extremely overextended (highest alert level)
Light Green: Significantly overextended
Yellow: Moderately overextended
Red: Not overextended
Use Case:
This indicator is designed for traders looking to identify parabolic moves that have reached unsustainable levels. When multiple metrics show dark green or green, the stock may be due for a pullback or reversal. Not all criteria are often met at once, but the more the better.
Release Notes
Parabolic Short CriteriaThis indicator identifies overextended stocks that may be prime candidates for parabolic short setups, based on criteria by Bracco (Braczyy on twitter/X) in his writeup "The Parabolic Short" (unchartedterritoryy.substack.com/p/the-parabolic-short). One of the best in the game at Parabolic Short setups.
What It Measures:
The indicator calculates and displays metrics that quantify how overextended a stock is relative to key moving averages and its recent price action:
Distance Metrics:
ATR Extension above 50 SMA: Measures how many ATRs (Average True Range) the current price is above the 50-day Simple Moving Average. Higher values indicate extreme extension.
% Above 9/20/50/200 Moving Averages: Shows the percentage distance between current price and each key moving average level.
Momentum Metrics:
Consecutive Green Days: Counts how many days in a row the stock has closed higher
Consecutive Gap Ups: Tracks sequential gap-up openings (today's low > yesterday's high)
Range Expansion: Analyzes how many of the last 4 days showed larger percentage moves than the prior day
Volume Expansion: Counts consecutive days of increasing volume
Color Coding System:
Each metric uses a 4-tier color system for quick visual assessment:
Dark Green: Extremely overextended (highest alert level)
Light Green: Significantly overextended
Yellow: Moderately overextended
Red: Not overextended
Use Case:
This indicator is designed for traders looking to identify parabolic moves that have reached unsustainable levels. When multiple metrics show dark green or green, the stock may be due for a pullback or reversal. Not all criteria are often met at once, but the more the better.
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.
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.
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.