BlueSkyTerritory

1️⃣ TradingView — Public Script Description

(Legally safe / transparent / non-provocative)

BlueSkyTerritory

BlueSkyTerritory is a multi-timeframe volatility structure indicator designed to highlight periods of compression (price balance) and expansion (price movement) using widely known, non-proprietary mathematical concepts.

This script is built entirely from:

Bollinger Bands

Keltner Channels

ATR-based volatility calculations

Standard multi-timeframe analysis

All calculations rely exclusively on price and volatility data provided by TradingView.

What this indicator does

Identifies volatility compression (price coiling)

Highlights potential expansion regimes as compression unwinds

Allows two independent timeframes per instance (2TF)

Supports stacking multiple instances for top-down analysis

Uses confirmed (non-repainting) values for stability

This tool is intended for context, structure, and regime awareness, not as a standalone trading signal.

Important clarifications

This script does not use options chain data

This script does not calculate Gamma, GEX, dealer positioning, or order-flow

This script does not pull any external or proprietary data

This script does not attempt to replicate or replace true options-based gamma models

TradingView’s platform does not provide real-time, full-chain options gamma exposure to Pine Script. Any claims of selling “live GEX / gamma” scripts directly inside TradingView should be treated with caution.

Development note

This indicator was developed solely using ChatGPT as a coding assistant, based on public, well-documented volatility math and TradingView’s Pine Script documentation.
No proprietary source code, private indicators, or restricted datasets were used or referenced in its creation.

Disclaimer

This indicator is for educational and analytical purposes only.
It does not constitute financial advice, trading recommendations, or guaranteed outcomes.