Pinnacle ICT Basic

Overview
Pinnacle ICT Basic (PICT Basic) is a contextual market regime overlay inspired by Inner Circle Trader (ICT) principles. It analyzes price behavior relative to recent structure and momentum to classify current conditions as orderly (directional progression), transitional (consolidation/stall), or unstable (chop/stand-down).
Important: This script provides no trade entries, exits, targets, alerts for execution, or performance predictions. It serves purely as a visual aid for discretionary decision-making, highlighting market context to help traders avoid low-quality conditions.
Originality and Value of This Integration
This script stands out by combining classic elements (EMA baseline for trend bias, pivot-based liquidity sweeps, displacement via candle body analysis, volume spikes, ATR-based separation, ADX/range for chop detection, and HTF EMA alignment) in a unique hierarchical filtering system. The proprietary tuning creates cleaner, more reliable contextual reads than simple individual indicators or basic mashups.
Key differentiators include:

Adaptive stall detection using a rolling baseline cross-count scaled as a percentage of lookback period (combined with ADX and range/ATR ratios) to identify hidden consolidation early, reducing false directional reads in ranging markets.
Deterministic market-mode adjustments (offsets for stocks vs. futures) for consistent behavior across asset classes without over-optimization.
Binary quality gating on setups (configurable OR/AND logic for volume + displacement) before confirmation, with limits like one-setup-per-leg, one-confirm-per-swing, cooldown bars, and micro-trend alignment.
Strict CONT (continuation first-touch) arming that requires pre-separation from baseline (ATR-scaled) and optional close-side requirements, preventing premature or noisy signals.

These interactions form a multi-layer filter: structure → quality → confirmation → regime shading. This reduces noise significantly compared to freely available scripts that plot sweeps or displacements independently, offering refined contextual awareness that justifies protected source code and selective access.
How It Works (Conceptual)
The script evaluates price movement progression, not just position.
At a high level:

A baseline EMA defines primary bias (bullish/bearish), with optional micro EMA for short-term alignment.
Market state detection combines traditional chop filters with proprietary stall logic to flag "stand down" periods of indecision.
Liquidity sweeps identify breaches of recent swing highs/lows (configurable key-swing strength or lookback).
Displacement requires strong candle bodies exceeding averages (with optional ATR filter).
Volume confirmation demands spikes above SMA.
HTF filter checks true bias alignment (not just LTF close vs. HTF EMA).
Setups trigger on recent sweeps or armed first-touch continuations at baseline.
Confirms require confluence of displacement, volume, micro alignment, and HTF OK—gated to avoid over-signaling.

The HUD displays regime (bullish/bearish/stand-down), bias, HTF status, alignment (OK or mismatch), and active filters (vol/disp). Background shading and optional labels/shapes provide visual cues for orderly vs. compressed/unstable action.
Visual Output
The script overlays:

Baseline (and optional micro) EMA.
Background regime shading.
Setup/confirm labels or shapes (configurable sizes/modes: Minimal, Standard, Debug).
On-chart HUD with real-time state summary.

No predictive elements, offsets into future, or non-standard chart assumptions are used.
What This Script Is Not

Does not generate buy/sell signals or alerts for direct execution.
Does not rely on fixed oscillator thresholds or simple MA crossovers alone.
Does not forecast direction or replace risk management.
Does not constitute a standalone system—all decisions remain discretionary.

Intended Use
Use as a contextual filter alongside your existing approach:

Avoid participation in "stand down" or mismatched conditions.
Monitor transitions from compression to expansion.
Assess structural continuity or disruption.
Apply across timeframes and assets (with auto-mode detection for stocks/futures).

Disclaimer
This script is for educational and informational purposes only. It does not constitute financial, investment, or trading advice. Trading involves risk; apply proper risk management. Past observations do not guarantee future behavior.
To request access, send a private message on TradingView with your username and brief intended use.