OPEN-SOURCE SCRIPT
Intraday Market Context (Trend & Risk)

📌 Intraday Market Context (Trend & Risk)
Overview
Intraday Market Context (Trend & Risk) is a non-signal, informational indicator designed to provide a high-level view of current market conditions. Instead of generating buy or sell signals, this tool helps traders understand what kind of market they are operating in and how cautious or aggressive they should be.The output is shown as a clean, fixed on-chart box with plain-language guidance.
What This Indicator Shows
The indicator displays three simple elements:
1️⃣ Market Type
Identifies the current market environment:
Trending Market
Sideways Market
Expanding / Breakout Market
Unclear Market
2️⃣ Risk Mode
Provides a relative assessment of market risk:
Normal Risk
Medium Risk
High Risk
This is contextual information only and does not imply trade direction.
3️⃣ What to Do
Plain-language behavioral guidance, not trade instructions:
Trend is Friend
Range is Friend
Wait for Pullback
Stay Out
These phrases are meant to guide trader behavior, not trigger trades.
How to Use
Use this indicator as a market context filter, not as a trading signal
Decide when to trade, trade cautiously, or stay out
Use your own execution tools (price action, EMAs, VWAP, structure, etc.) for entries and exits
Respect “Stay Out” conditions to avoid over-trading in unfavorable environments
This indicator works best as a decision-support overlay, especially for intraday traders.
What This Indicator Is NOT
❌ Not a buy/sell signal
❌ Not a trading strategy
❌ Not predictive
❌ Not a replacement for risk management
Important Disclaimer
This indicator is provided for educational and informational purposes only.It does not constitute financial advice, investment advice, or a recommendation to trade any instrument.Trading involves risk, and losses can exceed expectations. Always use proper risk management and make your own trading decisions.
Overview
Intraday Market Context (Trend & Risk) is a non-signal, informational indicator designed to provide a high-level view of current market conditions. Instead of generating buy or sell signals, this tool helps traders understand what kind of market they are operating in and how cautious or aggressive they should be.The output is shown as a clean, fixed on-chart box with plain-language guidance.
What This Indicator Shows
The indicator displays three simple elements:
1️⃣ Market Type
Identifies the current market environment:
Trending Market
Sideways Market
Expanding / Breakout Market
Unclear Market
2️⃣ Risk Mode
Provides a relative assessment of market risk:
Normal Risk
Medium Risk
High Risk
This is contextual information only and does not imply trade direction.
3️⃣ What to Do
Plain-language behavioral guidance, not trade instructions:
Trend is Friend
Range is Friend
Wait for Pullback
Stay Out
These phrases are meant to guide trader behavior, not trigger trades.
How to Use
Use this indicator as a market context filter, not as a trading signal
Decide when to trade, trade cautiously, or stay out
Use your own execution tools (price action, EMAs, VWAP, structure, etc.) for entries and exits
Respect “Stay Out” conditions to avoid over-trading in unfavorable environments
This indicator works best as a decision-support overlay, especially for intraday traders.
What This Indicator Is NOT
❌ Not a buy/sell signal
❌ Not a trading strategy
❌ Not predictive
❌ Not a replacement for risk management
Important Disclaimer
This indicator is provided for educational and informational purposes only.It does not constitute financial advice, investment advice, or a recommendation to trade any instrument.Trading involves risk, and losses can exceed expectations. Always use proper risk management and make your own trading decisions.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.