# 3D Opportunity Cone 3D Opportunity Cone is an indicator on [Vela](https://vela.luxalgo.com/chart), our next-generation charting platform, written in Pine Script®. The 3D Opportunity Cone projects a three-dimensional cone beside price and plots the market inside it along three axes: Stochastic-based value, ATR-based risk, and volume-based conviction. A fading trail shows how conditions traveled through the space, from the Buy Zone at the apex to the Risk Zone at the base, so traders can grade setup quality before entry. - Indicator in the LuxAlgo Library, by LuxAlgo, published Mar 30, 2026. - Access: free. - Concepts: [Probability Cones](https://www.luxalgo.com/library/concept/probability-cones/) (primary) - Open on Vela: https://vela.luxalgo.com/chart?pineScriptCodeId=cmpwmzx2v0000vhsg66rndirm - Page: https://www.luxalgo.com/library/indicator/3d-opportunity-cone/ **3D Opportunity Cone** compresses value, risk, and participation into one geometric read. In the spirit of [probability cones](https://www.luxalgo.com/library/concept/probability-cones/) (bounding where conditions sit rather than calling a price), it projects a three-dimensional cone to the right of the chart, anchored to a simple moving average, and plots the market as a live point inside it. Three coordinates place that point: height comes from the Stochastic oscillator (higher means more oversold value), radius from ATR (nearer the center means contained volatility), and angle from normalized volume (the conviction behind the move). ## How to Trade the 3D Opportunity Cone? - **Buy Zone (apex)**: the point sits high in the cone, close to the center (volume only rotates the point around the axis). Value and low risk aligned for longs, pullback entries, or early reversals. - **Risk Zone (base)**: the point drifts low and away from the center. Overbought, volatility-heavy conditions better suited to caution, profit-taking, or tighter stops. - **The trail**: a fading string of historical points shows how the market traveled through the space, red toward risk and green toward value, so you catch transitions instead of reacting to one bar. The cone never says buy or sell; it grades the quality of current conditions so entries found with structure or price action can be filtered before committing. ## 3D Opportunity Cone Settings - **Evaluation Lookback**: period behind the Stochastic, ATR, and volume normalization; shorter reads react faster, longer ones smooth the point's path. - **Cone Scale / X Offset (Bars) / 3D Tilt**: sizing, placement, and perspective of the projection so it sits cleanly beside your candles. - **Trail Length**: how many past market states stay visible, more context versus a cleaner cone. ## Frequently Asked Questions ### Can it replace my entry signals? It is built to filter decisions, not to manufacture signals. The cone grades whether conditions are attractive (value high, risk contained, conviction present) and works best confirming setups you already find with price action or structure. ### Is the height reading just a Stochastic? The value dimension is Stochastic-derived, but the cone reads it jointly with ATR risk and volume conviction, which is the point of the 3D model. If you want the raw oscillator alone, the classic [Stochastic](https://www.luxalgo.com/library/indicator/stochastic/) build covers that. ### How do I access the 3D Opportunity Cone? The tool is free on the LuxAlgo Library. This page can also send it into Quant, our coding agent, if you want to experiment with the lookback before charting it. You can also copy the source code from this page and run it anywhere Pine Script® runs. ## Related indicators - [Probability Grid](https://www.luxalgo.com/library/indicator/probability-grid/) (Probability Cones): markdown at https://www.luxalgo.com/library/indicator/probability-grid.md - [Predictive Monte Carlo Engine](https://www.luxalgo.com/library/indicator/predictive-monte-carlo-engine/) (Probability Cones): markdown at https://www.luxalgo.com/library/indicator/predictive-monte-carlo-engine.md - [Monte Carlo Mean Reversion Heatmap](https://www.luxalgo.com/library/indicator/monte-carlo-mean-reversion-heatmap/) (Probability Cones): markdown at https://www.luxalgo.com/library/indicator/monte-carlo-mean-reversion-heatmap.md - [Monte Carlo Expected Move Distribution](https://www.luxalgo.com/library/indicator/monte-carlo-expected-move-distribution/) (Probability Cones): markdown at https://www.luxalgo.com/library/indicator/monte-carlo-expected-move-distribution.md - [Anchored Monte Carlo Shuffled Projection](https://www.luxalgo.com/library/indicator/anchored-monte-carlo-shuffled-projection/) (Monte Carlo Price Paths): markdown at https://www.luxalgo.com/library/indicator/anchored-monte-carlo-shuffled-projection.md - [Monte Carlo Shuffled Projection](https://www.luxalgo.com/library/indicator/monte-carlo-shuffled-projection/) (Monte Carlo Price Paths): markdown at https://www.luxalgo.com/library/indicator/monte-carlo-shuffled-projection.md - [Spline Quantile Regression Channel](https://www.luxalgo.com/library/indicator/spline-quantile-regression-channel/) (Statistics): markdown at https://www.luxalgo.com/library/indicator/spline-quantile-regression-channel.md - [Precision Market Entropy Heatmap](https://www.luxalgo.com/library/indicator/precision-market-entropy-heatmap/) (Statistics): markdown at https://www.luxalgo.com/library/indicator/precision-market-entropy-heatmap.md --- Source: https://www.luxalgo.com/library/indicator/3d-opportunity-cone/ (LuxAlgo Library). Free to use with attribution: https://www.luxalgo.com/library/license/