OPEN-SOURCE SCRIPT
Market DNA Decoder -Aynet
Detailed Explanation
1. Market DNA Visualization
Price action is converted into "strands" using fractals.
Lines connect fractal highs and lows, forming a DNA-like pattern on the chart.
Provides a visual summary of price behavior.
2. Fractal Momentum Zones
Fractals highlight minor reversals within larger trends.
Calculates momentum using fractals to signal trend continuation or reversal probabilities.
3. Volume Heatmap
Highlights high-volume areas on the chart with orange zones.
Identifies accumulation (buying) and distribution (selling) zones.
4. Phase-Cycle Detection
Classifies the market into three phases:
Expansion: Strong trend with increased volatility.
Consolidation: Low volatility and sideways movement.
Reversal: Market at a potential turning point.
Uses rolling range and thresholds for precise phase detection.
5. Alerts and Visualization
Alerts trigger on significant fractals during expansion or reversal phases.
Phase background colors indicate the current market state:
Green = Expansion.
Blue = Consolidation.
Red = Reversal.
Why Is It Innovative?
Unique Visualization:
DNA strands and heatmaps add a new perspective to price analysis.
Advanced Market Insights:
Combines fractals, volume, and phase detection for a holistic approach.
Actionable Signals:
Alerts traders to opportunities with clear buy/sell signals based on multiple factors.
This concept can be expanded further — let me know if you’d like additional features, such as machine learning for predictive capabilities or custom time-frame integration! 🚀
1. Market DNA Visualization
Price action is converted into "strands" using fractals.
Lines connect fractal highs and lows, forming a DNA-like pattern on the chart.
Provides a visual summary of price behavior.
2. Fractal Momentum Zones
Fractals highlight minor reversals within larger trends.
Calculates momentum using fractals to signal trend continuation or reversal probabilities.
3. Volume Heatmap
Highlights high-volume areas on the chart with orange zones.
Identifies accumulation (buying) and distribution (selling) zones.
4. Phase-Cycle Detection
Classifies the market into three phases:
Expansion: Strong trend with increased volatility.
Consolidation: Low volatility and sideways movement.
Reversal: Market at a potential turning point.
Uses rolling range and thresholds for precise phase detection.
5. Alerts and Visualization
Alerts trigger on significant fractals during expansion or reversal phases.
Phase background colors indicate the current market state:
Green = Expansion.
Blue = Consolidation.
Red = Reversal.
Why Is It Innovative?
Unique Visualization:
DNA strands and heatmaps add a new perspective to price analysis.
Advanced Market Insights:
Combines fractals, volume, and phase detection for a holistic approach.
Actionable Signals:
Alerts traders to opportunities with clear buy/sell signals based on multiple factors.
This concept can be expanded further — let me know if you’d like additional features, such as machine learning for predictive capabilities or custom time-frame integration! 🚀
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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.