This statistical analysis tool mines historical relationships between RSI values and candle volatility. It calculates a 14-period RSI from the previous bar and normalizes absolute price change using a 14-period Average True Range (ATR). Based on the normalized
Indicator · Pine Script v5 · Own pane
Dip Bulucu-2
Dip Bulucu-2 combines a WaveTrend oscillator and Williams Vix Fix to identify potential market bottoms and trend reversals.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code273
Settings40inputs
LicenceNone stated
Last updatetoday28 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Dip Bulucu-2 calculates Williams Vix Fix based on standard deviation Bollinger Bands and percentile ranges, highlighting exhaustion bars in red histograms when volatility spikes. In addition, it tracks WaveTrend momentum crossovers with colored dots and applies custom chart bar colors. Main settings control channel lengths, overbought and oversold thresholds, percentile ranges, and multi-symbol scanner groups targeting BIST symbols. The indicator renders in a separate pane.
- Williams Vix Fix bottom detection
- WaveTrend momentum oscillator with crossover alerts
- Bollinger Bands and percentile range filters
- Multi-symbol BIST screener configuration
- Dynamic chart bar coloring on momentum crosses
Details
Published by
gocaman on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volatility & bands, Screeners & dashboards
Markets
Stocks, Indices
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Grup seç | string | 1 | grupSec |
| PERİYOT | timeframe | | per |
| Konum Ayarı | int | 20 | loc |
| Channel Length | int | 10 | n1 |
| Average Length | int | 21 | n2 |
| Over Bought Level 1 | int | 60 | obLevel1 |
| Over Bought Level 2 | int | 53 | obLevel2 |
| Over Sold Level 1 | int | -60 | osLevel1 |
| Over Sold Level 2 | int | -53 | osLevel2 |
| LookBack Period Standard Deviation High | int | 22 | pd |
| Bolinger Band Length | int | 20 | bbl |
| Bollinger Band Standard Devaition Up | float | 2.0 | mult |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Look Back Period Percentile High | int | 50 | lb |
| Highest Percentile - 0.90=90%, 0.95=95%, 0.99=99% | float | .85 | ph |
| Lowest Percentile - 1.10=90%, 1.05=95%, 1.01=99% | float | 1.01 | pl |
| Show High Range - Based on Percentile and LookBack Period? | bool | false | hp |
| Show Standard Deviation Line? | bool | false | sd |
| 1 | symbol | | sb1 |
| 2 | symbol | BIST:XAKUR | sb2 |
| 3 | symbol | BIST:XBANA | sb3 |
| 4 | symbol | BIST:XBANK | sb4 |
| 5 | symbol | BIST:XBLSM | sb5 |
| 6 | symbol | BIST:XELKT | sb6 |
| 7 | symbol | BIST:XFINK | sb7 |
| 8 | symbol | BIST:XGIDA | sb8 |
| 9 | symbol | BIST:XGMYO | sb9 |
| 10 | symbol | BIST:XHOLD | sb10 |
| 11 | symbol | BIST:XILTM | sb11 |
| 12 | symbol | BIST:XINSA | sb12 |
| 13 | symbol | BIST:XKAGT | sb13 |
| 14 | symbol | BIST:XKMYA | sb14 |
| 15 | symbol | BIST:XMADN | sb15 |
| 16 | symbol | BIST:XMANA | sb16 |
| 17 | symbol | BIST:XMESY | sb17 |
| 18 | symbol | BIST:XSGRT | sb18 |
| 19 | symbol | BIST:XSPOR | sb19 |
| 20 | symbol | BIST:XTAST | sb20 |
| 21 | symbol | BIST:XTCRT | sb21 |
| 22 | symbol | BIST:XTEKS | sb22 |
| 23 | symbol | BIST:XTRZM | sb23 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
Similar Pine Scripts
Market Speedometer plots a 0-100 market speed reading in a separate pane. It measures movement by bar-to-bar change, true range, or a short average of recent bars, then ranks that movement against ATR and a percentile lookback. An EMA smooths the reading, and
The 8-Factor Composite Screener evaluates equities across fundamental and technical criteria, including valuation ratios, earnings and revenue growth, 12-month return momentum, proximity to 52-week highs, Stage 2 moving average alignment, benchmark relative st
This indicator transforms standard RSI calculations into logit space, estimating rolling distributions to derive empirical z-scores mapped back to the 0–100 RSI scale. Plotted in a separate pane, it features multi-horizon central lines—fast and structural cent
This indicator calculates the Relative Strength Index (RSI) alongside a simple moving average to generate directional momentum signals in a separate pane. It supports Break Flip and Break Continuous scanning modes for long and short setups. A wide array of opt
The Adaptive Cycle Detector estimates the dominant market cycle from WaveTrend oscillator zero-crossing frequency and applies smoothing to recommend adaptive indicator lengths. Fast markets with frequent crossings receive shorter lengths while slow swing marke
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers