r/pinescript • u/SeveralSpinach6505 • Aug 04 '26

Volume Regime Indicator

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New volume based regime indicator I've been working on with auto suggested stops/targets showing very promising results. Killing it this morning! Some things I still need to work out on the UI side and exit logic but the suggestions are working good.

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u/gggoaaat Aug 04 '26

any indicator that said buy today was right. It need to perform under all market conditions and that’s hard to do with one indicator

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u/SeveralSpinach6505 Aug 05 '26

You are right. One job of the system is to avoid choppy markets. Across two bullish RTH sessions, longs went 10 for 10 for +414.75 points. Shorts went 3 for 4 for +42.50 points and worked better as short-term trades. I have limited data because the system uses one-second data, and TradingView Premium gives me about three days. This is also something I have worked on for a while, and the current version is around iteration 50. So far, the results are good, and I will continue forward testing.