This indicator scans a pasted list of symbols and shows matching long and short setups in a table in a separate pane. It uses a Supertrend crossover, then applies an ATR or fixed-point volatility range so quiet, sideways conditions can be skipped. Optional fil
Indicator · Pine Script v6 · Own pane
Omori Law: Market Shockwaves
This indicator applies Omori's law from seismology to post-crash volatility.
GitHub stars2on the repository
Pine versionv6current
Lines of code194
Settings11inputs
LicenceNone stated
Last update7 months ago18 Mar 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
Omori Law: Market Shockwaves flags a mainshock when price falls a set percentage from a recent high, then plots a power-law decay envelope from elapsed bars, productivity, time offset, and decay exponent. Aftershocks are volatility spikes where ATR exceeds a multiple of its average. Optional plots include the decay curve, spike markers, seismic-zone backgrounds, and an information table in a separate pane. Defaults are described for daily Nifty data; it does not place trades.
- Mainshock drawdown detection
- Omori decay envelope
- ATR aftershock spike markers
- Seismic zone backgrounds
- Information table
Details
Published by
vad23nn on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volatility & bands, Screeners & dashboards
Markets
Indices
Timeframes
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.
Topics
algorithmic-tradingmarket-crashespine-scriptquantitative-financerisk-managementsystematic-tradingtime-series-analysistrading-strategytradingview-indicatorvolatility
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Mainshock Threshold (%) | float | 12.0 | crash_pct |
| Lookback for Recent High (bars) | int | 60 | lookback_high |
| K – Productivity | float | 1.2 | omori_K |
| c – Time Offset (bars) | float | 2.0 | omori_c |
| p – Decay Exponent | float | 0.70 | omori_p |
| ATR Period (volatility) | int | 20 | vol_lookback |
| Aftershock Spike Multiplier | float | 1.8 | aftershock_mult |
| Show Omori Decay Envelope | bool | true | show_decay_curve |
| Show Aftershock Events | bool | true | show_aftershocks |
| Show Seismic Zone Background | bool | true | show_zones |
| Show Info Table | bool | true | show_info |
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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