OPEN-SOURCE SCRIPT
MIZAN v9.2: Volumetric Chaos Shield
Title: MIZAN v9.2: Volumetric Chaos Shield (VCS)
Description:
MIZAN-VCS is an advanced trend-following system developed by Mizan Lab. It is designed to filter out market noise and identify high-probability entries powered by volume and momentum. It combines a dynamic "Path" algorithm with a Choppiness Index and Volume confirmation to keep traders out of dangerous ranging markets.
Key Features:
The Path (Dynamic Support/Resistance): Instead of standard moving averages, MIZAN uses a density-based path algorithm to find the true center of the price action.
Cyan Line: Bullish Trend
Orange Line: Bearish Trend
Volumetric Chaos Shield (VCS):
The indicator automatically detects "Choppy/Ranging" markets using the Choppiness Index.
When the market is choppy, the main trend line turns Gray and Thin, signaling "DO NOT TRADE".
Signals are suppressed during high chaos to prevent whipsaws.
Volume Confirmation:
A breakout is only valid if there is sufficient volume backing it. Weak moves are ignored.
OCC & L-Score Integration:
Uses a proprietary blend of RSI, CCI, and Volume to validate the "Reality" of a price move.
Built-in Trailing Stop:
Automatically plots a trailing stop line (Green/Red) to help you manage risk and lock in profits.
How to Use:
BUY Signal: When the line is Cyan (thick), Volume is Strong, and a "VOL BUY" label appears.
SELL Signal: When the line is Orange (thick), Volume is Strong, and a "VOL SELL" label appears.
WAIT: When the line is Gray (thin) and the Dashboard says "CHOP (WAIT)".
Dashboard: The bottom-right panel provides real-time status on Market Mode (Trend vs. Chop), Volume Strength, and developer credits.
Disclaimer: This tool is for educational purposes only. Always use proper risk management.
© Developed by Mizan Lab
Description:
MIZAN-VCS is an advanced trend-following system developed by Mizan Lab. It is designed to filter out market noise and identify high-probability entries powered by volume and momentum. It combines a dynamic "Path" algorithm with a Choppiness Index and Volume confirmation to keep traders out of dangerous ranging markets.
Key Features:
The Path (Dynamic Support/Resistance): Instead of standard moving averages, MIZAN uses a density-based path algorithm to find the true center of the price action.
Cyan Line: Bullish Trend
Orange Line: Bearish Trend
Volumetric Chaos Shield (VCS):
The indicator automatically detects "Choppy/Ranging" markets using the Choppiness Index.
When the market is choppy, the main trend line turns Gray and Thin, signaling "DO NOT TRADE".
Signals are suppressed during high chaos to prevent whipsaws.
Volume Confirmation:
A breakout is only valid if there is sufficient volume backing it. Weak moves are ignored.
OCC & L-Score Integration:
Uses a proprietary blend of RSI, CCI, and Volume to validate the "Reality" of a price move.
Built-in Trailing Stop:
Automatically plots a trailing stop line (Green/Red) to help you manage risk and lock in profits.
How to Use:
BUY Signal: When the line is Cyan (thick), Volume is Strong, and a "VOL BUY" label appears.
SELL Signal: When the line is Orange (thick), Volume is Strong, and a "VOL SELL" label appears.
WAIT: When the line is Gray (thin) and the Dashboard says "CHOP (WAIT)".
Dashboard: The bottom-right panel provides real-time status on Market Mode (Trend vs. Chop), Volume Strength, and developer credits.
Disclaimer: This tool is for educational purposes only. Always use proper risk management.
© Developed by Mizan Lab
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.