Coiled Spring
The tension, the snap, the stars and the target
20 questions about Coiled Spring
Where is Coiled Spring in my members area?Open Coiled Spring in the menu on the left of your members area: Coiled Spring's Live tab is our own scanner with every call, and the TradingView tab has the indicator, its Settings Guide, the Options Guide and the Masterclass.
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How does Coiled Spring work?It scores how tightly a stock is coiling, a tension of 0 to 100 from twenty checks. Armed at 60 or more, the spring snaps on a candle with volume over 1.4× average that closes in the top 30% of its range, above the high of the 15 candles before it: a SPRING UP.
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What do the Coiled Spring stars mean, and which springs are called?The stars (★★ to ★★★★★) come from the tension at the snap and set the target: 3, 4.5, 6 or 9 ATRs from the snap's close. Only ★★★★ and ★★★★★ daily Spring Ups are called (a tension of 75 or more).
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Where is the Coiled Spring stop and target?The target is the script's own star target: 6 ATRs from the snap's close at ★★★★, 9 at ★★★★★. The TradingView script has no stop, so ours sits under the coil, at least 1 ATR away. Neither hit in 30 trading days, it closes then.
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Why does Coiled Spring only call the daily chart? I used it on the 1-hourWe tested the script on 248 stocks and ETFs: as written, the snap was close to a coin flip on every chart. What held up on years the test never saw was the daily chart, the strongest springs. Your intraday Spring Ups are still drawn the way TradingView draws them.
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Did alerts come with Coiled Spring? What is Coiled Spring PRO Alerts?Alerts are Coiled Spring PRO Alerts, its own product: a Telegram group that posts the alerts, with its Options Guide. The indicator alone gives you Coiled Spring's Live tab, where every call shows, and TradingView alerts you can set yourself.
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How do I set Coiled Spring alerts on TradingView? There are no conditions to chooseThe script sends its alerts itself. On TradingView: Alert → Condition: Coiled Spring Pro → "Any alert() function call" → Create. It then alerts on each Spring Up, Spring Down and target hit, once per candle close.
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Can I trade Coiled Spring with options?The call is a stock trade. The Coiled Spring Options Guide lesson (and PRO Alerts' Options Guide) shows buying single calls on the signals, the days out by timeframe and the size by star rating: the coil is when options are cheapest.
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What does "Armed: ready to fire" mean on Coiled Spring?It lists springs armed right now (tension 60+) with price within 1 ATR of the top of their 15-candle box. A close above it on a volume surge would snap them. Not a call yet.
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How do I read the Coiled Spring panel and dashboard?The panel under the chart is the tension: columns building from blue to cyan, white once armed. The script's dashboard along its top shows the status, the tension, the volume it needs, the stars and the expected move.
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Why does Coiled Spring show volume?Because it reads volume: quiet volume builds the tension, and the snap needs a volume surge. So its charts carry the volume pane.
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Does Coiled Spring call Spring Downs?No. Spring Downs (a close under the 15-candle low, in the bottom 30%) are drawn in red for your own look; none held up in testing.
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Where are Coiled Spring's results? What should I expect?On Coiled Spring's Live tab: every call and how it ended, with its result in % of the entry. Expect a modest edge: a little over half the calls make money; most of the rest time out or stop. It wins by the size of the springs that run.
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What is the difference between Coiled Spring and Slingshot?Coiled Spring buys a stock that has coiled tight and snaps out on a volume surge, on the daily chart. Slingshot buys an oversold dip snapping back, on the 30-minute chart.
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Does Coiled Spring work on futures, forex or crypto?On TradingView it draws on any symbol. Coiled Spring's Live tab calls US stocks and ETFs on the daily chart. It reads volume, so it reads best where volume is reported.
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How do I add Coiled Spring to TradingView?Coiled Spring → the TradingView tab → Coiled Spring Indicator for TradingView: press its install link, add it to your favorites, then pick it from Indicators → Favorites. It opens in its own pane under the chart.
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I missed a Coiled Spring entry. Can I still get in?The card keeps the entry, the star target and the stop under the coil. Measure from today's price: how much of the target is left against the room to the stop. Your call.
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Is Coiled Spring on Find Better Charts?Yes, while Find Better Charts is in beta for you: Systems → Coiled Spring draws the tension panel, the snaps and each call, with the volume pane.
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Will Coiled Spring keep working on TradingView after November 1?Yes. The November 1 rule is about invite-only scripts sold outside TradingView's Marketplace; ours are published scripts. Coiled Spring's Live tab runs on our own platform too.
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The Coiled Spring PRO Alerts are hard to read. What does each line mean?Each one is the script's own alert: "SPRING UP ALERT" (or DOWN) with the ticker, the entry price and the strength in stars, then "PROFIT TARGET HIT" with the direction, the stars and the entry. The PRO Alerts page's "GET ALERTS HERE" lesson has a how-to video.
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Still need a hand? Talk to a real person.Members: sign in and open Support, and Micheal and the team answer by email. Or email support@findbettertrades.com.
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