Complex TradingView Alert Indicator
Budget: $750 – $1,500 USD
I am looking for an experienced **Pine Script / TradingView developer** to build an advanced indicator for **small cap stocks**, focused on **probability-based resistance zones**, **failure probability at resistance**, **volume analysis**, and ideally also **probability of a stock becoming a “runner of the day.”**
## Project Goal
The objective is to create a TradingView script that goes beyond standard support/resistance levels and instead evaluates, based on **historical price and volume behavior**, the following:
1. **Probability-based resistance zones**
2. **Probability of failure at resistance**
3. **Suggested / logical stop loss levels**
4. **Probability of long scenarios**
5. Ideally, **probability of a stock becoming the runner of the day**
## Market Focus
The indicator will be designed primarily for:
* **US small cap stocks**
* Highly volatile intraday movers
* Usage mainly for **intraday trading**, including premarket and market open
## Core Concept
I am NOT looking for a simple “draw high/low levels” indicator.
I want a model that evaluates how price typically behaves around key levels and derives **probability-based scenarios** from historical patterns.
Example:
* Price approaches a key resistance level
* The script evaluates the strength of the move into resistance
* Compares it with historical patterns
* Incorporates volume analysis
* Outputs:
* Probability of rejection / failure
* Probability of breakout holding
* Probability of continuation
## Indicator Features
### 1) Probability-Based Resistance Zones
I do not want a single line, but rather a **zone** where reactions historically occur.
Zone construction should consider:
* Previous intraday highs
* Premarket highs
* Multiple historical reactions
* Gap-up structures
* High-volume areas
* Pivots / swing highs
Each zone should include:
* Visual representation on the chart
* Score or probability of significance
* Classification such as:
* Weak resistance
* Medium resistance
* Strong resistance
### 2) Probability of Failure at Resistance
As price approaches resistance, I want an estimate of:
* Probability of rejection / failure
* Probability that a breakout will fail to hold
Key inputs:
* Relative volume
* Volume during approach
* Speed/momentum into resistance
* Size of prior pullback
* Number of previous tests
* Reactions at prior tests
* Candle spread/structure
* Signs of buyer exhaustion
Example output:
* **Fail probability: 68%**
* **Breakout hold probability: 32%**
### 3) Stop Loss
The indicator should suggest logical stop loss levels based on:
* Volatility
* ATR
* Candle structure
* Recent swing highs/lows
* Width of resistance zone
* Historical noise/variance before confirmed breakout or failure
Output:
* Visual stop loss on chart
* Possibly multiple options:
* Tight stop
* Standard stop
* Wide / structure-based stop
### 4) Long Signal
The script should also evaluate **long scenarios**, not just binary signals.
Preferred outputs:
* Long setup quality score
* Probability of continuation
* Probability of breakout success
Inputs:
* Trend strength
* Premarket strength
* Opening range behavior
* Relative volume
* Consolidation below high of day
* Higher lows structure
* Absorption (or price-based proxy if order flow data is not available)
### 5) “Runner of the Day” Probability (Advanced Feature)
This is a more advanced/optional feature.
The indicator should estimate the probability that a stock becomes a **runner of the day**, meaning:
* Strong intraday momentum move
* Sustained trend continuation
* Not just a spike-and-fade pattern
Potential inputs:
* Gap %
* Float (if available or manually input)
* Premarket volume
* Relative volume
* News catalyst proxy
* Early range expansion
* VWAP hold/reclaim
* Ability to form higher highs and higher lows
* Similarity to historical runner patterns
Output example:
* **Runner probability: 74%**
* Or a score (0–100)
## AI / Historical Analysis
A key requirement is that the logic is based on **historical data analysis**, ideally using AI or statistical modeling.
I understand that Pine Script has limitations and cannot run full AI models. Therefore, I expect a practical technical solution, for example:
### Option A
* AI/statistical modeling is done outside TradingView
* Model outputs (rules, weights, scoring logic) are implemented in Pine Script
### Option B
* Pine Script uses advanced statistical heuristics that approximate AI-like behavior
The developer should propose the most realistic and effective approach within TradingView constraints.
## Technical Requirements
* Must work directly in **TradingView**
* Preferably **Pine Script v5 or newer**
* Clean, well-structured, and commented code
* Adjustable parameters via settings
* Efficient performance (no excessive lag)
* Clear, practical chart visualization (not cluttered)
## User Settings
I want the ability to adjust:
* Resistance detection sensitivity
* Volume weighting
* Price action weighting
* Minimum probability threshold for signals
* Stop loss style
* Timeframe for calculations
* Toggle runner probability
* Toggle long signal module
## Visualization
Expected chart elements:
* Resistance zones as colored areas
* Labels with probabilities/scores
* Separate display for:
* Fail probability
* Breakout probability
* Runner probability
* Visual stop loss
* Optional arrows/labels for long signals
Example:
* More red = higher rejection probability
* More green = stronger long probability
* Text labels with percentages
## What I Expect From You
Please provide:
1. Feasibility assessment within TradingView/Pine Script
2. Proposed technical architecture
3. What should be handled inside Pine vs externally
4. MVP proposal
5. Time and cost estimate
## Preferred Development Approach
### Phase 1 – MVP
* Resistance zone detection
* Failure probability
* Volume integration
* Basic stop loss
### Phase 2
* Long signal scoring
* Improved breakout vs rejection modeling
* Enhanced visualization
### Phase 3
* Runner of the day probability
* Optional external model integration
## Important Note
I am NOT looking for a “marketing indicator” with random signals.
I want a **data-driven, statistically grounded tool** with transparent logic that can be used in real intraday trading.
Experience in the following is a strong advantage:
* Pine Script
* Quantitative/statistical modeling
* Intraday small cap trading
* Volume analysis
* Momentum, breakout, and failure patterns
## Project Goal
The objective is to create a TradingView script that goes beyond standard support/resistance levels and instead evaluates, based on **historical price and volume behavior**, the following:
1. **Probability-based resistance zones**
2. **Probability of failure at resistance**
3. **Suggested / logical stop loss levels**
4. **Probability of long scenarios**
5. Ideally, **probability of a stock becoming the runner of the day**
## Market Focus
The indicator will be designed primarily for:
* **US small cap stocks**
* Highly volatile intraday movers
* Usage mainly for **intraday trading**, including premarket and market open
## Core Concept
I am NOT looking for a simple “draw high/low levels” indicator.
I want a model that evaluates how price typically behaves around key levels and derives **probability-based scenarios** from historical patterns.
Example:
* Price approaches a key resistance level
* The script evaluates the strength of the move into resistance
* Compares it with historical patterns
* Incorporates volume analysis
* Outputs:
* Probability of rejection / failure
* Probability of breakout holding
* Probability of continuation
## Indicator Features
### 1) Probability-Based Resistance Zones
I do not want a single line, but rather a **zone** where reactions historically occur.
Zone construction should consider:
* Previous intraday highs
* Premarket highs
* Multiple historical reactions
* Gap-up structures
* High-volume areas
* Pivots / swing highs
Each zone should include:
* Visual representation on the chart
* Score or probability of significance
* Classification such as:
* Weak resistance
* Medium resistance
* Strong resistance
### 2) Probability of Failure at Resistance
As price approaches resistance, I want an estimate of:
* Probability of rejection / failure
* Probability that a breakout will fail to hold
Key inputs:
* Relative volume
* Volume during approach
* Speed/momentum into resistance
* Size of prior pullback
* Number of previous tests
* Reactions at prior tests
* Candle spread/structure
* Signs of buyer exhaustion
Example output:
* **Fail probability: 68%**
* **Breakout hold probability: 32%**
### 3) Stop Loss
The indicator should suggest logical stop loss levels based on:
* Volatility
* ATR
* Candle structure
* Recent swing highs/lows
* Width of resistance zone
* Historical noise/variance before confirmed breakout or failure
Output:
* Visual stop loss on chart
* Possibly multiple options:
* Tight stop
* Standard stop
* Wide / structure-based stop
### 4) Long Signal
The script should also evaluate **long scenarios**, not just binary signals.
Preferred outputs:
* Long setup quality score
* Probability of continuation
* Probability of breakout success
Inputs:
* Trend strength
* Premarket strength
* Opening range behavior
* Relative volume
* Consolidation below high of day
* Higher lows structure
* Absorption (or price-based proxy if order flow data is not available)
### 5) “Runner of the Day” Probability (Advanced Feature)
This is a more advanced/optional feature.
The indicator should estimate the probability that a stock becomes a **runner of the day**, meaning:
* Strong intraday momentum move
* Sustained trend continuation
* Not just a spike-and-fade pattern
Potential inputs:
* Gap %
* Float (if available or manually input)
* Premarket volume
* Relative volume
* News catalyst proxy
* Early range expansion
* VWAP hold/reclaim
* Ability to form higher highs and higher lows
* Similarity to historical runner patterns
Output example:
* **Runner probability: 74%**
* Or a score (0–100)
## AI / Historical Analysis
A key requirement is that the logic is based on **historical data analysis**, ideally using AI or statistical modeling.
I understand that Pine Script has limitations and cannot run full AI models. Therefore, I expect a practical technical solution, for example:
### Option A
* AI/statistical modeling is done outside TradingView
* Model outputs (rules, weights, scoring logic) are implemented in Pine Script
### Option B
* Pine Script uses advanced statistical heuristics that approximate AI-like behavior
The developer should propose the most realistic and effective approach within TradingView constraints.
## Technical Requirements
* Must work directly in **TradingView**
* Preferably **Pine Script v5 or newer**
* Clean, well-structured, and commented code
* Adjustable parameters via settings
* Efficient performance (no excessive lag)
* Clear, practical chart visualization (not cluttered)
## User Settings
I want the ability to adjust:
* Resistance detection sensitivity
* Volume weighting
* Price action weighting
* Minimum probability threshold for signals
* Stop loss style
* Timeframe for calculations
* Toggle runner probability
* Toggle long signal module
## Visualization
Expected chart elements:
* Resistance zones as colored areas
* Labels with probabilities/scores
* Separate display for:
* Fail probability
* Breakout probability
* Runner probability
* Visual stop loss
* Optional arrows/labels for long signals
Example:
* More red = higher rejection probability
* More green = stronger long probability
* Text labels with percentages
## What I Expect From You
Please provide:
1. Feasibility assessment within TradingView/Pine Script
2. Proposed technical architecture
3. What should be handled inside Pine vs externally
4. MVP proposal
5. Time and cost estimate
## Preferred Development Approach
### Phase 1 – MVP
* Resistance zone detection
* Failure probability
* Volume integration
* Basic stop loss
### Phase 2
* Long signal scoring
* Improved breakout vs rejection modeling
* Enhanced visualization
### Phase 3
* Runner of the day probability
* Optional external model integration
## Important Note
I am NOT looking for a “marketing indicator” with random signals.
I want a **data-driven, statistically grounded tool** with transparent logic that can be used in real intraday trading.
Experience in the following is a strong advantage:
* Pine Script
* Quantitative/statistical modeling
* Intraday small cap trading
* Volume analysis
* Momentum, breakout, and failure patterns