PROTECTED SOURCE SCRIPT
MILLION MEN - Discount Zone Breakouts
What it is
MILLION MEN — Discount Zone Breakouts (Lite & Stable) highlights a structure-based trading range from the latest confirmed swing high/low, renders Premium/Equilibrium/Discount zones, and raises one-shot breakout signals when price closes outside the range. It focuses on stable visuals and simple breakout logic suitable for intraday and swing trading.
How it works (high-level)
Confirmed swings: Uses ta.pivothigh/ta.pivotlow with auto or manual pivot length.
Range & zones: From the swing range, the tool derives Premium (top 25%), Equilibrium (50%), and Discount (bottom 25%).
Anchoring: Left edge is locked at the bar where the pivot confirms; the right edge can extend N bars.
One-shot breakouts:
Up breakout: first close > swingHigh (resets on new range).
Down breakout: first close < swingLow (resets on new range).
Optional on-close only mode to avoid intrabar noise.
Clean UI: Optional zone boxes, dashed equilibrium line, mid-labels (“Premium / Equilibrium / Discount”), and minimal candle coloring by regime.
How to use
Treat Discount as value area in bullish contexts and Premium as distribution area in bearish contexts.
Breakout dots (up/down) mark regime shifts beyond the current range; confirm with your higher-TF bias, volume, or momentum.
Tune pivot length and forward extension to your timeframe (e.g., smaller for scalping, larger for swings).
Originality & value
Unlike generic S/R overlays, this lite tool prioritizes confirmed swing structure with a fixed anchor, clear 25/50/75 zone mapping, and one-shot breakout logic to prevent repetitive signals until a new range forms. The emphasis is on stability + readability, making it a dependable building block in multi-indicator workflows.
Limitations & transparency
Breakouts on strong trends can retest or fail; always add confirmation (structure/volume).
Pivots confirm with delay equal to pivot length—this reduces repaint and is intentional.
Non-standard bar types are not supported for signal logic.
This indicator provides analysis, not financial advice.
Arabic
يعرض السكربت آخر مدى مؤكد من قمّة/قاع ويرسم مناطق Premium / Equilibrium / Discount، ويعطي إشارة اختراق لمرة واحدة عند إغلاق السعر فوق القمّة أو تحت القاع. الفكرة بسيطة وثابتة بصريًا، وتصلح للإنترادي والسوينغ. يُفضّل تأكيد الاختراق بهيكل أعلى إطار أو فوليوم/مومنتُم. تذكير: تأكيد القمم/القيعان متأخر بحسب طول البيفوت لتفادي إعادة الرسم.
MILLION MEN — Discount Zone Breakouts (Lite & Stable) highlights a structure-based trading range from the latest confirmed swing high/low, renders Premium/Equilibrium/Discount zones, and raises one-shot breakout signals when price closes outside the range. It focuses on stable visuals and simple breakout logic suitable for intraday and swing trading.
How it works (high-level)
Confirmed swings: Uses ta.pivothigh/ta.pivotlow with auto or manual pivot length.
Range & zones: From the swing range, the tool derives Premium (top 25%), Equilibrium (50%), and Discount (bottom 25%).
Anchoring: Left edge is locked at the bar where the pivot confirms; the right edge can extend N bars.
One-shot breakouts:
Up breakout: first close > swingHigh (resets on new range).
Down breakout: first close < swingLow (resets on new range).
Optional on-close only mode to avoid intrabar noise.
Clean UI: Optional zone boxes, dashed equilibrium line, mid-labels (“Premium / Equilibrium / Discount”), and minimal candle coloring by regime.
How to use
Treat Discount as value area in bullish contexts and Premium as distribution area in bearish contexts.
Breakout dots (up/down) mark regime shifts beyond the current range; confirm with your higher-TF bias, volume, or momentum.
Tune pivot length and forward extension to your timeframe (e.g., smaller for scalping, larger for swings).
Originality & value
Unlike generic S/R overlays, this lite tool prioritizes confirmed swing structure with a fixed anchor, clear 25/50/75 zone mapping, and one-shot breakout logic to prevent repetitive signals until a new range forms. The emphasis is on stability + readability, making it a dependable building block in multi-indicator workflows.
Limitations & transparency
Breakouts on strong trends can retest or fail; always add confirmation (structure/volume).
Pivots confirm with delay equal to pivot length—this reduces repaint and is intentional.
Non-standard bar types are not supported for signal logic.
This indicator provides analysis, not financial advice.
Arabic
يعرض السكربت آخر مدى مؤكد من قمّة/قاع ويرسم مناطق Premium / Equilibrium / Discount، ويعطي إشارة اختراق لمرة واحدة عند إغلاق السعر فوق القمّة أو تحت القاع. الفكرة بسيطة وثابتة بصريًا، وتصلح للإنترادي والسوينغ. يُفضّل تأكيد الاختراق بهيكل أعلى إطار أو فوليوم/مومنتُم. تذكير: تأكيد القمم/القيعان متأخر بحسب طول البيفوت لتفادي إعادة الرسم.
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.