Premium Illustr. Pat. Detector
Premium Illustrative Pattern Detector
This Pine Script v6 indicator visualizes a linear-regression channel and highlights potential consolidation zones using range, ATR, and volume criteria. It also computes an estimated up/down volume imbalance (derived from OHLC/volume, not tick-level order flow) to annotate zones with possible footprint markers. It’s intended for chart study and illustration.
Legal Disclaimer for TradingScript Solutions
The TradingView Pine Script 6 scripts provided by TradingScript Solutions, LLC are for informational and educational purposes only and do not constitute financial advice. All scripts, indicators, and tools are provided "as is" without warranties of any kind, express or implied, including accuracy, reliability, or fitness for a particular purpose. Users assume full responsibility for their use of the scripts and any trading decisions made. TradingScript Solutions, LLC is not liable for any losses, damages, or risks arising from the use of our products. Trading involves significant risk, and users should consult a qualified financial advisor before making investment decisions.
Features
- Regression Channel: Midline with deviation bands; optional trend-based coloring.
- Consolidation Detection: Tight-range + elevated-volume zones using ATR and moving averages
- Heuristic Footprint Markers: Optional labels when the estimated imbalance exceeds a user threshold.
- Customizable Visuals: Toggle channels, boxes, labels; choose colors and lookbacks.
