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Reversal Confirmations [QuantVue]

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The Reversal Confirmation Indicator is based on price action and looks to provide opportunities when price gets stretched.

The indicator works by finding the highest and lowest points over the user selected lookback period.

If price closes below the low of the highest bar or closes above the high of the lowest bar a possible reversion to the mean may occur and the indicator will plot a triangle and fire an alert.

This indicator works a reversion to the mean or to potentially time entries in trending markets.

Fully customizable settings:
🔹Lookback Period
🔹Colors
🔹Show / hide upper & lower channels
🔹Show / hide the mean

Give this indicator a BOOST and COMMENT your thoughts!

We hope you enjoy.

Cheers!

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.