PROTECTED SOURCE SCRIPT

CE Reversal + TSI OB/OS Filter

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Chandelier Exit Reversal + TSI OB/OS Breakout Filter
This script combines the classic Chandelier Exit (CE) strategy with a momentum-based filter using the True Strength Index (TSI). It is designed to improve signal quality by confirming reversal entries with momentum breakouts from overbought/oversold zones.

🔍 Signal Logic
Buy Signal:

Price crosses above the Chandelier Exit line (bullish breakout)

TSI crosses upward from below the oversold level

Sell Signal:

Price crosses below the Chandelier Exit line (bearish breakout)

TSI crosses downward from above the overbought level

✅ Purpose
This filter improves the reliability of reversal entries by requiring confirmation of a momentum shift. It helps eliminate false breakouts by validating CE signals with TSI breakouts.

📊 Use Case
Best used on trending pairs or instruments showing clear structure reversals. The combination of trend-level CE breakouts and momentum confirmation makes it suitable for swing entries or lower-timeframe scalping with directional bias.

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.