OPEN-SOURCE SCRIPT
Trend Discovery by Alex Trend States (Up / Reversal / Down)
Author: © Alex Neighbors
Version: v6
The Call/Put Arrow Indicator is a complete market direction tool that identifies high-probability CALL (bullish) and PUT (bearish) opportunities using a combination of:
Simple Moving Averages (SMA)
RSI Momentum
MACD confirmation
VWAP trend filtering
Real-time trend classification (Trending Up, Trending Down, or Reversal)
It provides visual buy/sell arrows, trend labels, and alerts, helping traders quickly recognize optimal option entry points and directional momentum changes.
*** How It Works
✅ CALL Arrow (Green, Up Arrow Below Candle):
Triggered when:
Fast SMA > Slow SMA (uptrend)
RSI > Threshold (default 55)
MACD Line > Signal Line
(Optional) Price > VWAP
🔻 PUT Arrow (Red, Down Arrow Above Candle):
Triggered when:
Fast SMA < Slow SMA (downtrend)
RSI < Threshold (default 45)
MACD Line < Signal Line
(Optional) Price < VWAP
**Trend Detection System:
Trending Up: Both SMAs rising with bullish alignment
Trending Down: Both SMAs falling with bearish alignment
Trend Reversal: Detected instantly when Fast SMA crosses the Slow SMA (marked by a diamond)
Visuals
🟩 Green arrows below candles for CALL entries
🟥 Red arrows above candles for PUT entries
🟢/🔴 Diamonds mark trend reversals
Trend status panel in the top-right corner
Optional background or bar coloring for quick visual confirmation
Alerts
You can create alerts for:
CALL Buy Signal
PUT Buy Signal
Trend Reversal Up
Trend Reversal Down
All alerts trigger exactly when arrows or reversals appear on the chart.
--Best Use
Works on any symbol or timeframe (scalping, swing, or trend trading)
Optimized for SPX, QQQ, TSLA, and high-volume tickers
Ideal for traders combining options flow or price action confirmation
Customization
You can adjust:
SMA lengths
RSI thresholds
MACD parameters
VWAP filter toggle
Background/bar coloring and panel display
Why Traders Love It
Simple, clean chart visuals
Non-repainting, confirmed-bar signals
Multi-filter logic for high accuracy
Trend panel for instant context
Use this indicator to stay on the right side of the market.
Identify reversals early, trade the momentum confidently, and never miss your next CALL or PUT setup again.
Version: v6
The Call/Put Arrow Indicator is a complete market direction tool that identifies high-probability CALL (bullish) and PUT (bearish) opportunities using a combination of:
Simple Moving Averages (SMA)
RSI Momentum
MACD confirmation
VWAP trend filtering
Real-time trend classification (Trending Up, Trending Down, or Reversal)
It provides visual buy/sell arrows, trend labels, and alerts, helping traders quickly recognize optimal option entry points and directional momentum changes.
*** How It Works
✅ CALL Arrow (Green, Up Arrow Below Candle):
Triggered when:
Fast SMA > Slow SMA (uptrend)
RSI > Threshold (default 55)
MACD Line > Signal Line
(Optional) Price > VWAP
🔻 PUT Arrow (Red, Down Arrow Above Candle):
Triggered when:
Fast SMA < Slow SMA (downtrend)
RSI < Threshold (default 45)
MACD Line < Signal Line
(Optional) Price < VWAP
**Trend Detection System:
Trending Up: Both SMAs rising with bullish alignment
Trending Down: Both SMAs falling with bearish alignment
Trend Reversal: Detected instantly when Fast SMA crosses the Slow SMA (marked by a diamond)
Visuals
🟩 Green arrows below candles for CALL entries
🟥 Red arrows above candles for PUT entries
🟢/🔴 Diamonds mark trend reversals
Trend status panel in the top-right corner
Optional background or bar coloring for quick visual confirmation
Alerts
You can create alerts for:
CALL Buy Signal
PUT Buy Signal
Trend Reversal Up
Trend Reversal Down
All alerts trigger exactly when arrows or reversals appear on the chart.
--Best Use
Works on any symbol or timeframe (scalping, swing, or trend trading)
Optimized for SPX, QQQ, TSLA, and high-volume tickers
Ideal for traders combining options flow or price action confirmation
Customization
You can adjust:
SMA lengths
RSI thresholds
MACD parameters
VWAP filter toggle
Background/bar coloring and panel display
Why Traders Love It
Simple, clean chart visuals
Non-repainting, confirmed-bar signals
Multi-filter logic for high accuracy
Trend panel for instant context
Use this indicator to stay on the right side of the market.
Identify reversals early, trade the momentum confidently, and never miss your next CALL or PUT setup again.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.