This indicator classifies the market into gamma regime types (negative gamma trend, positive gamma mean-reversion, or transition) by calculating a composite score based on daily ATR ratios, session VWAP crossover frequencies, and opening range displacement. It
Indicator · Pine Script v6 · On the chart
Futures: NQ Overnight Range (% of Daily ATR)
This indicator calculates the overnight session price range (18:00 to 09:30 exchange time) and measures it as a percentage of the 14-day daily Average True Range (ATR).
GitHub stars7on the repository
Pine versionv6current
Lines of code60
Settings5inputs
LicenceNone stated
Last update3 months ago24 Jul 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
Depending on configurable percentage thresholds, it categorizes the market regime into chop-leaning, expansion-leaning, or neutral states. The results are displayed via a real-time information label overlay on the price chart.
- Overnight session high and low tracking
- Daily ATR percentage comparison
- Configurable chop and expansion threshold regime classification
- Real-time information status label overlay
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Sessions & time, Screeners & dashboards
Markets
Indices
Timeframes
M15-H1
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Daily ATR Length | int | 14 | atrLen |
| Overnight Session (Exchange Time) | session | 1800-0930 | onSession |
| Show Status Label | bool | true | showLabel |
| Chop if ON Range %ATR < | float | 25.0 | chopThresh |
| Expansion if ON Range %ATR > | float | 50.0 | trendThresh |
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.
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