This indicator plots the Commodity Channel Index in a separate pane and surrounds it with a Donchian channel whose lookback length changes with volatility. It measures volatility as a ratio of short and long ATR values, then ranks that ratio and shortens or le
Indicator · Pine Script v5 · Own pane
Per Bak Self-Organized Criticality
The Per Bak Self-Organized Criticality indicator calculates a composite fragility score by blending weights for tail risk from the SKEW index, volatility regimes from VIX terms, credit stress from HYG and LQD, and positioning from short volume data.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code246
Settings11inputs
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
Per Bak Self-Organized Criticality plots the overall SOC value, individual component contributions, a historical average line, and threshold labels in a separate pane. Users adjust component weights that sum to 100 percent and set alert levels for building, elevated, and critical fragility states. The indicator draws on any timeframe but forces daily data from external symbols using request.security.
- tail risk weight
- volatility regime weight
- credit stress weight
- positioning weight
- fragility thresholds
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volatility & bands, Support & resistance
Markets
Any symbol
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Statistical Lookback Period | int | 252 | lookback |
| 1️⃣ Tail Risk Weight % | float | 34.0 | skew_weight |
| 2️⃣ Volatility Regime Weight % | float | 26.0 | vix_weight |
| 3️⃣ Credit Stress Weight % | float | 18.0 | credit_weight |
| 4️⃣ Positioning Weight % | float | 22.0 | pc_weight |
| Building Fragility Threshold | int | 40 | alert_building |
| Elevated Fragility Threshold | int | 55 | alert_elevated |
| Critical Fragility Threshold | int | 70 | alert_critical |
| Show Individual Components | bool | true | show_components |
| Show Historical Average | bool | true | show_historical_avg |
| Show Component Labels | bool | true | show_labels |
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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