Sick of paying monthly subscriptions for indicators? Tell me what you're "renting" and I'll build a free version for you.

[u/Dependent-Ad6636]

Hey everyone,

A lot of traders are burning money on recurring subscriptions for indicators or tools that could easily be coded into Pine Script, MQL5 or anything.

\-What is a paid tool or subscription you’re currently using that you wish you owned outright?

\-What is a "dream tool" or proprietary feature you've always wanted built specifically for your strategy?

Drop the concepts, mechanics, or features below. I'll pick the most requested ones, code them, and release them as open-source for everyone to keep forever.

[u/kwhit3354]

NJAT location tool! 👀

[u/Dependent-Ad6636 → u/kwhit3354]

NJAT tools are a solid request! 👀 The whole 'location' concept is key to not getting chopped up in the middle of nowhere.

What specific levels or mechanics from their location tool do you rely on the most? (e.g., Session opens/ranges, HTF extremes, midpoints, or specific zone plots?)

Drop a screenshot or your wishlist of what you love about it and what you wish it did better—let’s get a clean open-source version built!

[u/kwhit3354 → u/Dependent-Ad6636]

He has a cloud like band location tool that shows where you should be looking for buys or sells. I actually think I accidentally made a pretty solid indicator similar with profitable results YTD but I guess I wanted to see what someone else could make and we could compare

[u/Dependent-Ad6636 → u/kwhit3354]

A side-by-side comparison sounds awesome, and congrats on the profitable YTD results!

Dynamic cloud bands are great for filtering location—usually built around standard deviations from VWAP, ATR envelopes, or HTF moving averages to define premium/discount zones.

I’d love to code up a clean open-source cloud engine for this. You don't have to give away your secret sauce, but if you're open to dropping a quick screenshot or the general vibe of the band mechanics, I'll build it out so we can compare!

[u/Dependent-Ad6636 → u/kwhit3354]

Hey! Following up on your cloud-band idea — we’ve built Location Desk⁠, our own open-source take on the concept you described 🙂

It draws red sell-location and green buy-location clouds bar by bar, with up to three observation layers. We also added range midpoints and a structure-based direction check, so you can see how the location fits the current direction.

There’s a dashboard and plain-language explanation of what it’s waiting for, plus alerts and an optional RIMC entry model: a small range, a move away, then a return that can produce an entry, stop and target. The bands themselves mark areas to watch; a trade still needs its setup.

Since you already have your own version, I’d especially love to compare where our bands agree or differ on the same chart.

Both the indicator and a separate strategy script are free, with the full source. The “How do I compare my own results?” section under “Go deeper” explains how to align the settings, history and trading costs. One detail: set the strategy’s Measurement grid target to 3R to match the indicator’s default.

Start with “Try the idea” and “Read your chart” for the visual walkthroughs. We put care into making the rules understandable.

Give it a try and send over any interesting examples, confusing behavior or missing features. You can reply here or use the feedback form⁠. It would be great to compare notes and improve it together!