by 
The Market Tail Risk Detector evaluates market fragility and compression to identify environments preceding volatile price moves. It calculates a composite tail risk score ranging from 0 to 100 based on realized volatility percentiles, volatility of volatility
Indicator · Pine Script v6 · On the chart
Qullamaggie Breakout / EP Flags
Calculates 20-day Average Daily Range percentage, multi-month performance metrics, opening gap size, and relative volume to identify Kristjan Kullamägi style Breakout and Episodic Pivot setups.
GitHub stars2on the repository
Pine versionv6current
Lines of code48
Settings7inputs
LicenceCustom licence
Last update4 months ago23 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
When conditions are satisfied on the price chart, it flags candles with shape markers and triggers alert conditions. An on-chart dashboard table in the top-right corner shows live ADR, performance figures, gap, volume ratio, and setup status. Inputs allow customizing thresholds for ADR, price change over one to six months, gap size, and relative volume.
- Breakout and Episodic Pivot setup screening
- 20-day Average Daily Range percentage calculation
- Multi-month performance tracking over 1, 3, and 6 months
- Relative volume and opening gap filter
- Real-time on-chart metric dashboard table
Details
Published by
HenryVarro666 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Breakout, Volume, Volatility & bands, Screeners & dashboards
Markets
Stocks
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ADR% min (20d) | float | 3.0 | adrMin |
| Breakout: 6M perf% min | float | 20.0 | p6Min |
| Breakout: 3M perf% min | float | 5.0 | p3Min |
| Breakout: 1M perf% min | float | -20.0 | p1Min |
| EP: gap% min | float | 10.0 | gapMin |
| EP: rel-vol min | float | 1.5 | rvMin |
| EP: 6M perf% cap (not already run) | float | 100.0 | p6CapEP |
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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