Greeffer's Long Study calculates Donchian Channels alongside a volume moving average filter to generate trade signals. When price touches the lower or upper channel boundaries combined with volume exceeding a custom moving average multiplier, the indicator tri
Indicator · Pine Script v5 · On the chart
KLSE VCP Stage v2
This indicator classifies market structure into volatility contraction pattern (VCP) stages on the main price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code68
Settings8inputs
LicenceNone stated
Last update4 months ago12 Jun 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
KLSE VCP Stage v2 evaluates a Mark Minervini Trend Template score alongside Bollinger Band width percentiles and volume metrics to determine stages such as Coiling, Breakout, Extended, and Basing. Plots include the pivot line, buy zone threshold, key exponential moving averages, and background stage shading. Traders can customize lookback lengths, volume dry-up percentiles, and distance parameters. Alerts trigger when a stock enters an imminent coiling state or breaks out above pivot levels on volume.
- Minervini Trend Template scoring
- Volatility contraction (VCP) coil detection
- Volume dry-up and volume surge checks
- Pivot level and buy-zone plotting
- Stage classification with alerts
Details
Published by
kevinesk on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands, Volume, Breakout
Markets
Stocks
Timeframes
M15-H1, H4 and above
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 |
|---|---|---|---|
| Pivot lookback (bars) | int | 15 | pivotLB |
| Buy zone % above pivot | float | 3.0 | buyZone |
| Extended: % above pivot | float | 3.0 | extPct |
| Volume dry-up percentile | int | 35 | dryPct |
| Coil BB-width percentile | int | 20 | coilPct |
| Tight-coil BB-width percentile | int | 10 | tightPct |
| Imminent: max % below pivot | float | 3.0 | immPct |
| Show stage label | bool | true | showLbl |
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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