OPEN-SOURCE SCRIPT
BlueSkyTerritory
1️⃣ TradingView — Public Script Description
(Legally safe / transparent / non-provocative)
BlueSkyTerritory
BlueSkyTerritory is a multi-timeframe volatility structure indicator designed to highlight periods of compression (price balance) and expansion (price movement) using widely known, non-proprietary mathematical concepts.
This script is built entirely from:
Bollinger Bands
Keltner Channels
ATR-based volatility calculations
Standard multi-timeframe analysis
All calculations rely exclusively on price and volatility data provided by TradingView.
What this indicator does
Identifies volatility compression (price coiling)
Highlights potential expansion regimes as compression unwinds
Allows two independent timeframes per instance (2TF)
Supports stacking multiple instances for top-down analysis
Uses confirmed (non-repainting) values for stability
This tool is intended for context, structure, and regime awareness, not as a standalone trading signal.
Important clarifications
This script does not use options chain data
This script does not calculate Gamma, GEX, dealer positioning, or order-flow
This script does not pull any external or proprietary data
This script does not attempt to replicate or replace true options-based gamma models
TradingView’s platform does not provide real-time, full-chain options gamma exposure to Pine Script. Any claims of selling “live GEX / gamma” scripts directly inside TradingView should be treated with caution.
Development note
This indicator was developed solely using ChatGPT as a coding assistant, based on public, well-documented volatility math and TradingView’s Pine Script documentation.
No proprietary source code, private indicators, or restricted datasets were used or referenced in its creation.
Disclaimer
This indicator is for educational and analytical purposes only.
It does not constitute financial advice, trading recommendations, or guaranteed outcomes.
(Legally safe / transparent / non-provocative)
BlueSkyTerritory
BlueSkyTerritory is a multi-timeframe volatility structure indicator designed to highlight periods of compression (price balance) and expansion (price movement) using widely known, non-proprietary mathematical concepts.
This script is built entirely from:
Bollinger Bands
Keltner Channels
ATR-based volatility calculations
Standard multi-timeframe analysis
All calculations rely exclusively on price and volatility data provided by TradingView.
What this indicator does
Identifies volatility compression (price coiling)
Highlights potential expansion regimes as compression unwinds
Allows two independent timeframes per instance (2TF)
Supports stacking multiple instances for top-down analysis
Uses confirmed (non-repainting) values for stability
This tool is intended for context, structure, and regime awareness, not as a standalone trading signal.
Important clarifications
This script does not use options chain data
This script does not calculate Gamma, GEX, dealer positioning, or order-flow
This script does not pull any external or proprietary data
This script does not attempt to replicate or replace true options-based gamma models
TradingView’s platform does not provide real-time, full-chain options gamma exposure to Pine Script. Any claims of selling “live GEX / gamma” scripts directly inside TradingView should be treated with caution.
Development note
This indicator was developed solely using ChatGPT as a coding assistant, based on public, well-documented volatility math and TradingView’s Pine Script documentation.
No proprietary source code, private indicators, or restricted datasets were used or referenced in its creation.
Disclaimer
This indicator is for educational and analytical purposes only.
It does not constitute financial advice, trading recommendations, or guaranteed outcomes.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.