OPEN-SOURCE SCRIPT
Quantum Dip Hunter | AlphaNatt

Quantum Dip Hunter | AlphaNatt
🎯 Overview
The Quantum Dip Hunter is an advanced technical indicator designed to identify high-probability buying opportunities when price temporarily dips below dynamic support levels. Unlike simple oversold indicators, this system uses a sophisticated quality scoring algorithm to filter out low-quality dips and highlight only the best entry points.
⚡ Key Features
📊 How It Works
🚀 Detection Methods Explained
Dynamic Support
Fibonacci Support
Volatility Support
Volume Profile Support
Hybrid Mode
⚙️ Key Settings
Dip Detection Engine
Quality Filters
📈 Trading Strategies
Conservative Approach
Aggressive Approach
Scalping Setup
🎨 Visual Customization
Color Themes:
Line Styles:
💡 Pro Tips
⚠️ Important Notes
📊 Statistics Panel
The live statistics panel shows:
🤝 Support
Created by AlphaNatt
For questions or suggestions, please comment below!
Happy dip hunting! 🎯
Not financial advice, always do your own research
🎯 Overview
The Quantum Dip Hunter is an advanced technical indicator designed to identify high-probability buying opportunities when price temporarily dips below dynamic support levels. Unlike simple oversold indicators, this system uses a sophisticated quality scoring algorithm to filter out low-quality dips and highlight only the best entry points.
"Buy the dip" - but only the right dips. Not all dips are created equal.
⚡ Key Features
- 5 Detection Methods: Choose from Dynamic, Fibonacci, Volatility, Volume Profile, or Hybrid modes
- Quality Scoring System: Each dip is scored from 0-100% based on multiple factors
- Smart Filtering: Only signals above your quality threshold are displayed
- Visual Effects: Glow, Pulse, and Wave animations for the support line
- Risk Management: Automatic stop-loss and take-profit calculations
- Real-time Statistics: Live dashboard showing current market conditions
📊 How It Works
- The indicator calculates a dynamic support line using your selected method
- When price dips below this line, it evaluates the dip quality
- Quality score is calculated based on: trend alignment (30%), volume (20%), RSI (20%), momentum (15%), and dip depth (15%)
- If the score exceeds your minimum threshold, a buy signal arrow appears
- Stop-loss and take-profit levels are automatically calculated and displayed
🚀 Detection Methods Explained
Dynamic Support
- Adapts to recent price action
- Best for: Trending markets
- Uses ATR-adjusted lowest points
Fibonacci Support
- Based on 61.8% and 78.6% retracement levels
- Best for: Pullbacks in strong trends
- Automatically switches between fib levels
Volatility Support
- Uses Bollinger Band methodology
- Best for: Range-bound markets
- Adapts to changing volatility
Volume Profile Support
- Finds high-volume price levels
- Best for: Identifying institutional support
- Updates dynamically as volume accumulates
Hybrid Mode
- Combines all methods for maximum accuracy
- Best for: All market conditions
- Takes the most conservative support level
⚙️ Key Settings
Dip Detection Engine
- Detection Method: Choose your preferred support calculation
- Sensitivity: Higher = more sensitive to price movements (0.5-3.0)
- Lookback Period: How far back to analyze (20-200 bars)
- Dip Depth %: Minimum dip size to consider (0.5-10%)
Quality Filters
- Trend Filter: Only buy dips in uptrends when enabled
- Minimum Dip Score: Quality threshold for signals (0-100%)
- Trend Strength: Required trend score when filter is on
📈 Trading Strategies
Conservative Approach
- Use Dynamic method with Trend Filter ON
- Set minimum score to 80%
- Risk:Reward ratio of 2:1 or higher
- Best for: Swing trading
Aggressive Approach
- Use Hybrid method with Trend Filter OFF
- Set minimum score to 60%
- Risk:Reward ratio of 1:1
- Best for: Day trading
Scalping Setup
- Use Volatility method
- Set sensitivity to 2.0+
- Focus on Target 1 only
- Best for: Quick trades
🎨 Visual Customization
Color Themes:
- Neon: Bright cyan/magenta for dark backgrounds
- Ocean: Cool blues and teals
- Solar: Warm yellows and oranges
- Matrix: Classic green terminal look
- Gradient: Smooth color transitions
Line Styles:
- Solid: Clean, simple line
- Glow: Adds depth with glow effect
- Pulse: Animated breathing effect
- Wave: Oscillating wave pattern
💡 Pro Tips
- Start with the Trend Filter ON to avoid catching falling knives
- Higher quality scores (80%+) have better win rates but fewer signals
- Use Volume Profile method near major support/resistance levels
- Combine with your favorite momentum indicator for confirmation
- The pulse animation can help draw attention to key levels
⚠️ Important Notes
- This indicator identifies potential entries, not guaranteed profits
- Always use proper risk management
- Works best on liquid instruments with good volume
- Backtest your settings before live trading
- Not financial advice - use at your own risk
📊 Statistics Panel
The live statistics panel shows:
- Current detection method
- Support level value
- Trend direction
- Distance from support
- Current signal status
🤝 Support
Created by AlphaNatt
For questions or suggestions, please comment below!
Happy dip hunting! 🎯
Not financial advice, always do your own research
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.