OPEN-SOURCE SCRIPT

Gridbot Ping Pong

189
🏓 Gridbot Ping Pong is a dynamic grid bot indicator that generates buy and sell signals as price oscillates between automatically calculated support and resistance levels. The grid adapts to trending markets through adjustable tilt and anchor parameters, which control the grid slope and shift resistance respectively. Entry signals trigger when price touches grid levels, while take profit and stop signals manage position exits. Unlike traditional grid bots that require horizontal ranges, this indicator maintains its oscillation zone as price trends by tilting and shifting the grid structure to follow momentum. The grid bot approach aims to accumulate gains through frequent touches across multiple grid levels rather than seeking large directional moves. Like a ping pong ball in motion, price oscillates between grid levels — each touch generates a signal.

THEORY & CONCEPTS

Grid trading is a systematic approach that places buy and sell orders at predetermined price intervals, creating a grid of orders above and below a set price level. In ranging markets, this method capitalizes on natural price oscillations by buying at lower grid levels and selling at higher ones. Each completed round trip between levels represents a captured opportunity, and the frequency of these oscillations determines the grid's effectiveness. Traditional grid bots excel when price remains within the defined range, methodically accumulating gains as price bounces between levels.

สแนปชอต


However, traditional grid structures face significant challenges when markets begin to trend. Fixed horizontal levels that performed well during consolidation become liabilities during directional moves. An uptrend leaves buy orders unfilled while sell orders trigger prematurely, and a downtrend creates the opposite problem. Extended trends can result in accumulated positions at increasingly unfavorable prices, with no mechanism to adapt to the new market reality. The static nature of traditional grids assumes markets will return to the mean, yet sustained breakouts regularly invalidate this assumption.

Gridbot Ping Pong addresses these limitations through dynamic grid adaptation. The tilt parameter angles the grid in the direction of the prevailing trend, aligning support and resistance levels with market momentum rather than fighting against it. The anchor parameter creates buffer zones beyond the outer grid boundaries, requiring price to demonstrate conviction before triggering a grid shift. When price breaks through these buffers, the entire grid recenters to the new price level. This combination of tilting grids and controlled shifting allows the indicator to maintain grid trading mechanics while acknowledging that markets trend.

สแนปชอตThe grid adapts through a downtrend and early reversal. Entry signals (▲▼), take profit signals (△▽), and grid shifts demonstrate the ping pong sequence as price oscillates between levels.


The grid structure consists of five levels: two potential support levels below, a center base price, and two potential resistance levels above. These levels are calculated as percentage intervals from a dynamic base price, with the spacing parameter determining the distance between each level. Trend direction is derived from consecutive grid shifts, where multiple shifts in the same direction confirm momentum. The grid restricts entries to the trend direction — buy signals in uptrends, sell signals in downtrends — while counter-trend signals convert to exits when appropriate.

สแนปชอตFull market cycle demonstrating grid adaptation through rally, reversal, decline, and recovery. Buy signals dominate during uptrends, sell signals during downtrends, with take profits at boundaries throughout. Two stop signals mark the trend reversals.


Tilt

The tilt mechanic introduces slope to the grid structure based on trend direction and momentum. When consecutive shifts occur in the same direction, the tilt increases, creating a steeper grid that tracks with the trend. As the trend progresses, support levels rise with it — buy signals trigger on pullbacks to these rising levels rather than static levels abandoned by price. Similarly, resistance levels fall during downtrends, keeping sell signals relevant to current price action. If the trend reverses and shifts occur in the opposite direction, the tilt resets and begins building in the new direction. The tilt strength parameter controls how aggressively the grid slopes, with higher values producing steeper angles. Negative tilt values invert this relationship, angling the grid against the prevailing momentum rather than with it. This counter-trend configuration positions support levels lower during uptrends and resistance levels higher during downtrends, favoring mean reversion entries that anticipate pullbacks rather than continuation.

สแนปชอตNegative tilt applied during an uptrend. Despite the bullish price action from late November through December, the grids slope downward, positioning buy signals at deeper support levels. Take profit signals appear at resistance as price reaches the upper grid boundaries before pulling back. The counter-trend configuration captures oscillations within the rising market rather than chasing momentum.


Anchor

The anchor mechanic provides resistance to grid shifting. Buffer zones extend beyond the outer grid boundaries, requiring price to demonstrate conviction before triggering a shift. Higher anchor values create larger buffers, requiring more significant price movement. As consecutive shifts confirm a trend, the pro-trend buffer shrinks, allowing the grid to follow momentum with increasing ease. This lets the indicator commit to established trends while resisting premature shifts during consolidations. Tilt and anchor work in complementary tension: tilt rewards momentum by angling the grid, while anchor resists excessive shifting by requiring price conviction to recenter. When price breaks through these buffers, the entire grid recenters to the new price level and play continues on a fresh table.

สแนปชอตSteady uptrend with minimal tilt. The flat grid segments demonstrate that shifting alone keeps the grid aligned with price action. Buy signals (▲) and take profit signals (▽) alternate as price bounces between levels, accumulating gains through repetition across the entire move.


สแนปชอตSustained uptrend from June through September. The grid follows the trend with increasing ease as consecutive shifts reduce the pro-trend buffer. The October consolidation eventually triggers a downward shift and stop signal, but the system adapts to the renewed uptrend in November with fresh entry signals.


Signal Generation

The indicator generates three signal types. Entry signals (▲▼) trigger when price reaches a grid level in the direction of the trend, initiating a new position. Take profit signals (△▽) trigger when price reaches a grid level against the trend direction while a position is held, capturing gains as the rally continues. Stop signals (⦿) trigger when a grid shift occurs while holding a position adverse to the new shift direction. The ball goes off the table.

สแนปชอตTrend reversal from bearish to bullish. The grid follows the downtrend through November with consecutive sell signals. A stop signal (⦿) triggers at the bottom as the grid shifts adversely against the held position. The system resets and adapts to the emerging uptrend in December, generating fresh buy signals as the new direction establishes.


Trigger Options

The signal trigger determines what price data the indicator uses to detect grid touches, balancing responsiveness against confirmation.

  • Auto: The default setting, using wick-based detection for pro-trend signals and close-based detection for counter-trend signals. This balances responsiveness when entering with the trend against confirmation when signaling against it.
  • Wick Touch: Generates signals in real-time when the high or low touches a grid level, providing the fastest response to price interaction.
  • Wick Reverse: Requires the wick to cross through the grid level from the previous bar, confirming the touch before signaling.
  • SWMA: Uses a Symmetrically Weighted Moving Average as the trigger source, generating signals only when the smoothed price crosses grid levels.
  • Close: Uses the bar's closing price as the trigger source, providing confirmed signals after each bar completes.


สแนปชอตSymmetrically Weighted Moving Average (SWMA) trigger during a trend reversal. The smoothed price line filters intrabar noise, generating signals only when the SWMA crosses grid levels rather than reacting to wick touches. The grid follows the downtrend through November, resets at the bottom, and adapts to the emerging uptrend in December.


Signal Safeguards

The indicator includes built-in protections to reduce overtrading and mitigate risk, keeping the ball in play longer:
  • Boundary Protection: New entries are blocked at the outermost grid levels where breakout risk is highest. Exits remain permitted at these boundaries.
  • Signal Spacing: Signals maintain one-level separation from the most recent signal, preventing clusters of entries at similar prices.
  • Trend Alignment: When conflicting conditions arise, signals align with the prevailing trend direction rather than fighting momentum.
  • Automatic Profit Taking: Counter-trend interactions convert to take profit signals when a position is held, capturing gains rather than reversing exposure.
  • Adverse Shift Stops: When the grid shifts against a held position, a stop signal triggers to exit before further adverse movement.
  • Cautious Breakout Entries: On the first shift in a new direction, entries are restricted to favorable grid levels until the trend confirms through consecutive shifts.
  • Shift Resistance: Counter-trend shifts always require full buffer conviction, while pro-trend shifts become easier only after the trend is confirmed.



🛠️ CONFIGURATION & SETTINGS 🛠️

สแนปชอต
Core Parameters
  • SPACING (%): Sets the percentage distance between grid levels. Higher values create wider grids with more room between signals, lower values create tighter grids with more frequent signal opportunities.

  • TRIGGER: Selects the price source for signal detection. See Trigger Options above.

  • TILT: Controls the grid slope factor in the trend direction.

  • ANCHOR: Controls resistance to grid shifting.


Visual Settings
  • GRIDS: Sets the colors for support (lower) and resistance (upper) grid levels.

  • FILL: Sets the gradient fill colors between the price line and outer grid boundaries.

  • SWMA: Sets the color of the Symmetrically Weighted Moving Average line.


🏓 PLAYING GRIDBOT PING PONG 🏓

⚪The objective is not to predict where price will go, but to be present at each level when it arrives.

⚪Each touch at a boundary counts. Gains accumulate through repetition, not single swings.

⚪The rally continues until it doesn't. When the ball goes off the table, the game resets.

⚪The grid creates boundaries where price bounces back and forth. The table is set — the ball does the work.

⚪Price oscillates between defined levels. The grid is the table. Everything else is just ping pong.

Tennis is a form of ping pong. In fact, tennis is ping pong played while standing on the table. In fact, all racquet games are nothing but derivatives of ping pong. — George Carlin



⚠️ DISCLAIMER ⚠️

The Gridbot Ping Pong indicator is a visual analysis tool designed to illustrate grid trading concepts and serve as a framework for understanding grid bot mechanics. While the indicator generates entry, exit, and stop signals, no guarantee is made regarding the profitability of these signals. Like all technical indicators, the grid levels and signals generated by this tool may appear to align with favorable trading opportunities in hindsight. However, these signals are not intended as standalone recommendations for trading decisions. This indicator is intended for educational and analytical purposes, complementing other tools and methods of market analysis.

🧠BEYOND THE CODE 🧠

Gridbot Ping Pong is part of the Grid Bot Series, building on the concepts introduced in the Grid Bot Simulator, Grid Bot Auto, and Grid Bot Parabolic indicators. While those tools established the foundation for grid-based analysis, this indicator introduces dynamic tilt and anchor mechanics that adapt to trending market conditions.

This indicator shares the same educational philosophy as the Fibonacci Time-Price Zones and the Fibonacci Geometry Series - providing frameworks for understanding market concepts through visualization and experimentation rather than black-box signals.

The Gridbot Ping Pong indicator, like other xxattaxx indicators, is designed to encourage both education and community engagement. Feedback and insights are invaluable to refining and enhancing this tool. We look forward to the creative applications, observations, and discussions this indicator inspires within the trading community.

คำจำกัดสิทธิ์ความรับผิดชอบ

ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน