Opening Range Failure Zones [AGPro Series]📌 Bollinger Walk Quality
Bollinger Walk Quality is built for one specific question: when price starts walking the outer Bollinger Band, is that walk strong enough to support continuation, or is the structure beginning to fail?
Many Bollinger Band tools focus on band touches, volatility contraction, width percentiles, or squeeze-style expansion setups. This script takes a different approach. It studies the behavior that comes after expansion: persistent upper-band or lower-band walking, directional pressure around the outer lane, pullback quality inside the band structure, and the point where the walk begins to lose control.
The goal is to make Bollinger Band continuation easier to read directly on the chart. Instead of treating every band touch as meaningful, the script scores whether price is staying in the correct outer lane, whether the Bollinger basis supports the active direction, whether pressure is persisting across multiple bars, and whether a pullback is holding in a healthy continuation pocket.
🧭 What The Script Measures
1. Walk Side
The panel identifies whether the active environment is an Upper Walk, Lower Walk, Cooling Walk, or Neutral state.
Upper Walk means price is persistently operating near the upper Bollinger lane while the basis supports upward continuation pressure.
Lower Walk means price is persistently operating near the lower Bollinger lane while the basis supports downward continuation pressure.
Cooling states appear when a recent walk is no longer fully active, but the script is still monitoring pullback quality and failure risk for a limited memory window.
2. Band Pressure
Band Pressure is a quality score for the active or developing walk. It combines outer-lane position, persistence, band contact behavior, basis slope support, and candle direction. A higher score means the walk has stronger structural pressure. A lower score means price is no longer showing durable outer-band control.
This keeps the script focused on continuation quality instead of simple band interaction. The chart can show a band touch, but the panel helps separate a weak touch from a real band-walk environment.
3. Pullback Quality
Healthy band walks often reset toward the middle of the Bollinger structure before continuing. Bollinger Walk Quality tracks that reset through a concept-native pullback pocket.
The pullback pocket is not a generic support or resistance rectangle. It is projected from the current Bollinger structure and represents the area where a band walk can cool off while still keeping its continuation profile intact.
The panel can show states such as Awaiting Pullback, Testing Pocket, Clean Hold, or Weak Reset. This helps distinguish a controlled continuation reset from a walk that is losing quality.
4. Failure Risk
Failure Risk is designed to catch the moment when an active or recently active band walk starts to break down. It rises when price loses the outer lane, pressure falls, the basis slope weakens, or price begins to threaten the Bollinger basis.
The failure label is intentionally restrained. It appears only on fresh failure events, so the chart remains clean and readable instead of filling with repeated warnings.
🎯 Core Features
- Outer-band walk detection for upper and lower Bollinger continuation phases
- Band pressure scoring based on lane position, persistence, slope support, and band contact behavior
- Pullback-to-band quality state for continuation resets
- Projected pullback pockets that show where a healthy walk can reset without losing structure
- Failure warning labels when the active walk loses pressure or threatens the basis
- Clean AG Pro panel with walk side, band pressure, pullback quality, and failure risk
- Adjustable panel location, theme, font sizes, label spacing, label clearance, zone projection, and visual density
📊 Visual Design
The default view is designed for a clean public PulseWire chart.
The script displays Bollinger Bands, highlights the active walk track, projects a limited number of pullback zones, and uses event labels with spacing controls. Labels are anchored outside the local candle envelope so they do not disappear inside candles or cover important price action.
The chart remains active enough to be visually informative, but the object count and label density are controlled by default. This keeps the indicator suitable for repeated use across different symbols and timeframes.
🧩 Panel
The AG Pro panel summarizes the current state in four compact rows:
- Walk Side
- Band Pressure
- Pullback Quality
- Failure Risk
Panel location, panel theme, panel font size, label font size, label spacing, label clearance, zone projection, zone opacity, and object limits are all adjustable from the settings menu.
🔎 How This Is Different
Bollinger Walk Quality is not a squeeze map and does not rely on compression logic. It does not use Keltner confirmation, volatility percentile ranking, or width contraction states.
Its lane is continuation after expansion:
- Is price walking the band?
- Which side controls the walk?
- Is the walk supported by pressure and basis slope?
- Is the pullback still healthy?
- Is the walk beginning to fail?
That makes it a separate Bollinger Band workflow from squeeze-focused tools. It is designed for traders who want to evaluate trend continuation rhythm, pullback behavior, and outer-band pressure in a more structured way.
✅ Best Use Cases
- Studying Bollinger Band walk continuation
- Reviewing trend pressure after expansion
- Identifying controlled pullbacks inside active band-walk environments
- Monitoring when a walk is cooling or losing quality
- Comparing upper-band and lower-band pressure across market phases
- Keeping Bollinger Band continuation analysis clean and visual
⚙️ Settings Overview
Engine settings control the Bollinger length, multiplier, source, basis slope lookback, and ATR normalization.
Band Walk Logic settings control the outer-lane depth, minimum walk persistence, minimum walk score, pullback memory, and failure warning threshold.
Visual settings control Bollinger Bands, walk highlight, pullback zones, event labels, label spacing, label count, label offset, label clearance, and label font size.
Pullback Zone settings control zone projection length, maximum visible zones, and opacity.
Panel settings control the information panel, location, theme, and font size.
🏁 Design Intent
Bollinger Walk Quality is designed to make Bollinger Band continuation more readable without turning the chart into a crowded signal dashboard.
The script focuses on structure, persistence, pullback quality, and failure behavior. It gives the chart a clear visual rhythm while keeping the panel concise and the labels controlled.
This makes the script useful as a premium public Bollinger continuation tool and keeps it clearly differentiated from Bollinger squeeze, compression, and volatility expansion maps. Indicator
Bollinger Walk Quality [AGPro Series]📌 Bollinger Walk Quality
Bollinger Walk Quality is built for one specific question: when price starts walking the outer Bollinger Band, is that walk strong enough to support continuation, or is the structure beginning to fail?
Many Bollinger Band tools focus on band touches, volatility contraction, width percentiles, or squeeze-style expansion setups. This script takes a different approach. It studies the behavior that comes after expansion: persistent upper-band or lower-band walking, directional pressure around the outer lane, pullback quality inside the band structure, and the point where the walk begins to lose control.
The goal is to make Bollinger Band continuation easier to read directly on the chart. Instead of treating every band touch as meaningful, the script scores whether price is staying in the correct outer lane, whether the Bollinger basis supports the active direction, whether pressure is persisting across multiple bars, and whether a pullback is holding in a healthy continuation pocket.
🧭 What The Script Measures
1. Walk Side
The panel identifies whether the active environment is an Upper Walk, Lower Walk, Cooling Walk, or Neutral state.
Upper Walk means price is persistently operating near the upper Bollinger lane while the basis supports upward continuation pressure.
Lower Walk means price is persistently operating near the lower Bollinger lane while the basis supports downward continuation pressure.
Cooling states appear when a recent walk is no longer fully active, but the script is still monitoring pullback quality and failure risk for a limited memory window.
2. Band Pressure
Band Pressure is a quality score for the active or developing walk. It combines outer-lane position, persistence, band contact behavior, basis slope support, and candle direction. A higher score means the walk has stronger structural pressure. A lower score means price is no longer showing durable outer-band control.
This keeps the script focused on continuation quality instead of simple band interaction. The chart can show a band touch, but the panel helps separate a weak touch from a real band-walk environment.
3. Pullback Quality
Healthy band walks often reset toward the middle of the Bollinger structure before continuing. Bollinger Walk Quality tracks that reset through a concept-native pullback pocket.
The pullback pocket is not a generic support or resistance rectangle. It is projected from the current Bollinger structure and represents the area where a band walk can cool off while still keeping its continuation profile intact.
The panel can show states such as Awaiting Pullback, Testing Pocket, Clean Hold, or Weak Reset. This helps distinguish a controlled continuation reset from a walk that is losing quality.
4. Failure Risk
Failure Risk is designed to catch the moment when an active or recently active band walk starts to break down. It rises when price loses the outer lane, pressure falls, the basis slope weakens, or price begins to threaten the Bollinger basis.
The failure label is intentionally restrained. It appears only on fresh failure events, so the chart remains clean and readable instead of filling with repeated warnings.
🎯 Core Features
- Outer-band walk detection for upper and lower Bollinger continuation phases
- Band pressure scoring based on lane position, persistence, slope support, and band contact behavior
- Pullback-to-band quality state for continuation resets
- Projected pullback pockets that show where a healthy walk can reset without losing structure
- Failure warning labels when the active walk loses pressure or threatens the basis
- Clean AG Pro panel with walk side, band pressure, pullback quality, and failure risk
- Adjustable panel location, theme, font sizes, label spacing, label clearance, zone projection, and visual density
📊 Visual Design
The default view is designed for a clean public PulseWire chart.
The script displays Bollinger Bands, highlights the active walk track, projects a limited number of pullback zones, and uses event labels with spacing controls. Labels are anchored outside the local candle envelope so they do not disappear inside candles or cover important price action.
The chart remains active enough to be visually informative, but the object count and label density are controlled by default. This keeps the indicator suitable for repeated use across different symbols and timeframes.
🧩 Panel
The AG Pro panel summarizes the current state in four compact rows:
- Walk Side
- Band Pressure
- Pullback Quality
- Failure Risk
Panel location, panel theme, panel font size, label font size, label spacing, label clearance, zone projection, zone opacity, and object limits are all adjustable from the settings menu.
🔎 How This Is Different
Bollinger Walk Quality is not a squeeze map and does not rely on compression logic. It does not use Keltner confirmation, volatility percentile ranking, or width contraction states.
Its lane is continuation after expansion:
- Is price walking the band?
- Which side controls the walk?
- Is the walk supported by pressure and basis slope?
- Is the pullback still healthy?
- Is the walk beginning to fail?
That makes it a separate Bollinger Band workflow from squeeze-focused tools. It is designed for traders who want to evaluate trend continuation rhythm, pullback behavior, and outer-band pressure in a more structured way.
✅ Best Use Cases
- Studying Bollinger Band walk continuation
- Reviewing trend pressure after expansion
- Identifying controlled pullbacks inside active band-walk environments
- Monitoring when a walk is cooling or losing quality
- Comparing upper-band and lower-band pressure across market phases
- Keeping Bollinger Band continuation analysis clean and visual
⚙️ Settings Overview
Engine settings control the Bollinger length, multiplier, source, basis slope lookback, and ATR normalization.
Band Walk Logic settings control the outer-lane depth, minimum walk persistence, minimum walk score, pullback memory, and failure warning threshold.
Visual settings control Bollinger Bands, walk highlight, pullback zones, event labels, label spacing, label count, label offset, label clearance, and label font size.
Pullback Zone settings control zone projection length, maximum visible zones, and opacity.
Panel settings control the information panel, location, theme, and font size.
🏁 Design Intent
Bollinger Walk Quality is designed to make Bollinger Band continuation more readable without turning the chart into a crowded signal dashboard.
The script focuses on structure, persistence, pullback quality, and failure behavior. It gives the chart a clear visual rhythm while keeping the panel concise and the labels controlled.
This makes the script useful as a premium public Bollinger continuation tool and keeps it clearly differentiated from Bollinger squeeze, compression, and volatility expansion maps.
Indicator
SignalWatcherThis script provides real-time monitoring of multiple technical indicators and generates visual alerts and configurable alarms:
Inputs & Mini-GUI
MACD Settings: Activation, fast, slow and signal line lengths.
RSI Settings: Activation, period length, overbought and oversold thresholds.
ADX Settings: Activation, period length, smoothing and trend strength thresholds.
Volume Settings: Activation, length of the volume MA, factor for detecting volume peaks.
Global Alert: A single composite alert for all signals.
Plot Settings: Activation and deactivation of the plot displays for RSI, MACD (lines) and ADX. Color and width selection for each line.
Display Table: Activation of the status table.
Calculations
MACD: Generates macdLine and signalLine, detects crossovers (bullish) and crossunders (bearish).
RSI: Calculates rsi_val, compares with rsi_ob and rsi_os to determine overbought/oversold.
ADX: Uses ta.dmi() to determine adx_val and checks against adx_thresh for trend strength.
Volume Spike: Exceptional trading activity detected by moving average (vol_ma) and factor (vol_factor).
Alert conditions
Six individual alertcondition() calls: MACD ↑/↓, RSI Overbought/Oversold, ADX Strong Trend, Volume Spike.
Optional composite alert (enable_global): A single notification when one of the indicator signals strikes.
Visual overlays
Alarm overlay (bottom right): Red table with text lines for currently triggered signals.
Status Table (bottom left): Overview of all indicators with current status (On/Off, Values, Thresholds).
Plots in the chart
RSI, MACD Line & Signal Line, ADX: Are displayed as lines if activated in the GUI; configurable colors & line thicknesses. Indicator
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