PROTECTED SOURCE SCRIPT
MILLION MEN - Peaks & Dips Meter
What it is
The MILLION MEN — Peaks & Dips Meter is a dynamic momentum visualization tool designed to identify extreme strength and exhaustion zones. It uses two selectable engines:
RSI Meter (ZS Core) for classic strength analysis.
OB/OS Multi-Length (ZS Quick Core) for adaptive readings that reflect multi-period sentiment shifts.
How it works
The script computes normalized momentum values (0–100) from price dynamics, builds a smooth gradient representation, and displays it as a fixed right-bottom table. The meter color scales between fuchsia and green, with optional candle coloring and percentage labels.
It can also highlight overbought (peaks) and oversold (dips) moments directly on candles with adjustable ATR offsets and label styles.
How to use
Values near 90–100% → potential short-term exhaustion (watch for reversals).
Values near 0–10% → potential accumulation zones (possible bounces).
Use together with structure, volume, or trend filters for confirmation.
Originality
Unlike standard RSI tools, this script merges multi-length OB/OS detection with a real-time visual meter, optimized for scalpers and visual traders. It does not repaint and maintains a lightweight structure for fast responsiveness.
Limitations
This indicator is for analysis purposes only and should not be considered financial advice. Past readings do not guarantee future performance.
The MILLION MEN — Peaks & Dips Meter is a dynamic momentum visualization tool designed to identify extreme strength and exhaustion zones. It uses two selectable engines:
RSI Meter (ZS Core) for classic strength analysis.
OB/OS Multi-Length (ZS Quick Core) for adaptive readings that reflect multi-period sentiment shifts.
How it works
The script computes normalized momentum values (0–100) from price dynamics, builds a smooth gradient representation, and displays it as a fixed right-bottom table. The meter color scales between fuchsia and green, with optional candle coloring and percentage labels.
It can also highlight overbought (peaks) and oversold (dips) moments directly on candles with adjustable ATR offsets and label styles.
How to use
Values near 90–100% → potential short-term exhaustion (watch for reversals).
Values near 0–10% → potential accumulation zones (possible bounces).
Use together with structure, volume, or trend filters for confirmation.
Originality
Unlike standard RSI tools, this script merges multi-length OB/OS detection with a real-time visual meter, optimized for scalpers and visual traders. It does not repaint and maintains a lightweight structure for fast responsiveness.
Limitations
This indicator is for analysis purposes only and should not be considered financial advice. Past readings do not guarantee future performance.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.