professor ai reversal day trading-[Cryptovarthagam]

Professor AI Reversal Day Trading-[Cryptovarthagam]

Overview:
Professor Reversal Scalping AI is a sophisticated chart-based trade planning indicator designed to assist intraday and short-term traders in identifying potential reversal breakout setups. This tool combines traditional price action logic with modern filters such as volume confirmation, RSI thresholds, wick rejection detection, and ATR-based risk planning.

It is designed to visually assist traders in planning entries, stop-loss levels, and take-profit zones without making trading decisions or offering financial advice. The indicator also supports webhook-ready alerts for use with external systems.

Purpose:
This indicator helps identify and visualize possible reversal entry opportunities following key price breakouts from support or resistance levels. It does not execute trades and should only be used as an analysis aid. Users are encouraged to combine it with their own strategies, tools, and discretion.

Key Features:

- Support & Resistance Breakout Detection
- Automatically identifies key pivot levels on the chart
- Uses recent volume spikes to confirm meaningful breakout attempts
- Optionally uses pivot-based logic for refined zone detection
- Reversal Entry Planning Logic
- After breakout detection, the indicator validates setups using body/wick structure and volume
- Entry is confirmed only if additional filters are satisfied
- Option to wait for candle close before triggering a setup
- Dynamic ATR-Based SL and TP Planning
- Calculates Stop Loss, Take Profit 1, and optionally Take Profit 2 levels using user-defined ATR multipliers
- Levels are drawn as visual guide lines with accompanying price labels
- Custom Risk Filters
- RSI-based entry filter to block long trades during overbought or short trades during oversold conditions
- Rejection wick filter to avoid entries with excessive wick candles (common in liquidity traps)
- Minimum TP1 reward % and maximum SL risk % filters ensure trade setups meet risk criteria
- PnL Estimation Tool
- Simulates profit/loss estimates for both TP1 and TP2 based on user capital and leverage
- Calculated PnL is shown on the chart per trade setup for reference
- Webhook Alert Support
- Sends JSON-formatted alerts on entry, TP1, TP2, and SL hit events
- Alerts are structured for easy integration with bots, dashboards, or messaging platforms
- Alerts include trade ID, price, SL/TP levels, RSI/wick conditions, and symbol/timeframe

Chart-Based Visualization

- All levels and trade zones are shown directly on the chart
- Entry and exit points are labeled for clarity

Optionally displays TP2 level

User Inputs:

ATR multipliers for SL, TP1, and TP2

Capital and leverage values for PnL estimation

RSI thresholds for long/short trade filtering

Wick rejection toggle and thresholds

Option to enable or disable confirmation on candle close

Support/resistance zone visualization toggle

Best Practices:

For reliable signals, it is recommended to enable “Wait for Bar Close Confirmation” in settings

Use the indicator on shorter timeframes (5m, 15m) for scalping setups

Combine with trend filters or your own confluence tools

Always validate alerts manually before acting on them

Compatibility:

Works with all TradingView assets (crypto, stocks, forex, indices, etc.)

Compatible across all timeframes

Best suited for high-volatility intraday trading

Disclaimer:
This script is intended solely for educational and analytical purposes. It does not provide financial advice or guarantee results. Users are responsible for their own trading decisions and any use of alerts or signals generated by this tool. The developer is not liable for any financial outcomes resulting from its use.

License:
Published under the Mozilla Public License 2.0
All logic is custom-developed by @cryptovarthagam.
You are welcome to use, review, and adapt the code for personal or educational purposes.