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[NM] Reversal Candles v01Reversal candles are a very easy way to identify a turn in trend, this indicator has some specific additional conditions for the reversal candle. BUY Signal reversal candle Low of current candle exceeds low of previous candle Low of current candle is lowest for last 7 candles High of current candle exceeds high of previous candle Close of current candle is in the upper 50% of the range of this candle SELL Signal reversal candle High of current candle exceeds high of previous candle High of current candle is Highest for last 7 candles Low of current candle exceeds low of previous candle Close of current candle is in the lower 50% of the range of this candle How do I trade it ? (example buy signal) Wait for close of the candle and the BUY signal Put a buy stop entry 5 pips above the high of the candle Put a stop loss 5 pips below the low of the candle Calculate difference between entry and stop loss and set your target that number of pips above the entry for a 1:1 RR trade* Wait for your your target or stop loss to be triggered * Alternatively, you can take 50% of the profit at the 1st (1:1 RR) profit target, move your stop to break even and let the rest of the position run for a higher potential profit. Further advice on use Personally I always look for some additional confirmation like a support or resistance level, a bounce of the EMA or a fibonacci level, but please feel free to add additional filters to make the strategy even more effective. I would strongly advise to backtest your strategy first so you can fine tune it and have confidence in trading it. Forward testing on a demo account before going live, although it takes longer, can be a worthy alternative. Works better on higher time frames. How do you use it ? Please leave a note in the comment section below to let me know if you use the indicator and how. There's definitely not just one way to use the indicator so I'm curious about your feedback. To apply the script to your chart, just add it to your favourites so you can easily find it in the Indicators list. Kindly leave me a thumbs up if you like this indicator or support my work, and do not hesitate to visit my other indicators. Thanks for your visit
Penunjuk Pine Script®
oleh Profit_Through_Patience
19
ReversalThe primary objective of this indicator is to discern candles that exhibit characteristics suggestive of potential market reversals through the application of candlestick analysis. Extensive observation across various assets and timeframes has revealed the existence of a recurrent reversal pattern. This pattern typically manifests as a sequence of one to three candles that abruptly diverge from the prevailing price action or trend, offering a distinctive signal indicating a potential reversal. By leveraging the insights gained from this observation, the indicator aims to assist traders in identifying these noteworthy candle patterns that hold the potential to indicate significant market shifts. The indicator operates as follows: initially, it identifies the lowest close (in the case of a bullish reversal) or the highest close (in the case of a bearish reversal) within a specified number of previous candles, as determined by user input (referred to as "Candle Lookback"). Next, the indicator examines whether the closing price surpasses the high of the previously identified lowest (bullish reversal) or highest (bearish reversal) closed candle within a designated number of candles, as specified by the user (referred to as "Confirm Within").
Penunjuk Pine Script®
oleh HasanRifat
42
Reversal Squeeze (Expo)█ Overview The Reverse Squeeze indicator aims to identify situations where market participants (either short-sellers or long buyers) are under significant pressure due to unexpected price movements, which may lead to forced actions to mitigate their losses. These pressured situations, often termed as 'squeezes,' can lead to overreactions in the market that could subsequently result in price corrections or reversals. █ What is a squeeze? A squeeze occurs when a significant change in price forces market participants to take drastic action to mitigate their losses. There are two types of squeezes: short squeezes and long squeezes. Short-Sellers Squeeze: This occurs when a stock's price unexpectedly rises, pressurizing short-sellers who had bet on the stock price going down. The increased price forces these short-sellers to buy back the stocks they had borrowed and sold (to close their positions), which can create even more demand for the stock, further driving the price up. This situation is often referred to as a "short squeeze." Long Buyers Squeeze: This is the opposite situation, occurring when a stock's price unexpectedly falls, putting long buyers under pressure. These buyers had hoped for a price increase. The decline forces these long buyers to sell off their holdings to minimize further losses, adding more supply to the market, which can push the price down even further. This situation is like a "long squeeze." The Reverse Squeeze indicator identifies these situations, assuming that the short-sellers or long buyers' forced actions will lead to overreactions in the market, resulting in a correction or a reversal. As a trader, you might use the Reverse Squeeze indicator to identify these potential overreactions and trade on the anticipated correction or reversal. █ How are squeezes calculated? Calculating a squeeze involves multiple factors, primarily revolving around price movements, trading volumes, and market sentiment. While the actual positions, like the number of shorted shares or long positions, provide direct insights, there are several other indicators that traders can use to estimate potential squeezes, especially when direct data isn't readily available. Price Action: This is an essential aspect of calculating potential squeezes. Rapid and significant increases or decreases in a stock's price can hint at potential short and long squeezes, respectively. Traders monitor these drastic price movements to anticipate possible squeezes. Volume: Volume, or the number of shares traded within a specific period, is another crucial factor. High trading volumes usually accompany squeezes. A sudden spike in volume along with a rapid price increase can indicate a short squeeze, while a rapid volume increase along with a quick price decrease could signal a long squeeze. Volatility: Increased volatility is often associated with squeezes. A rapid increase in volatility might suggest that a squeeze is happening or about to happen. █ How to use the Reversal Squeeze Indicator The Reverse Squeeze indicator can be a valuable tool in a trader's arsenal. It has the potential to give traders an 'alpha,' or an edge over other market participants, for the following reasons: Detection of Overreactions: The indicator helps to identify market overreactions, where stocks become overbought or oversold due to forced buying or selling. These overreactions often lead to price corrections or reversals, providing potential trading opportunities. Anticipating Price Reversals: By identifying instances where short sellers or long buyers are "squeezed" and might need to take drastic action, the indicator can help traders anticipate potential overreactions in the market that might lead to price corrections or reversals. Risk Management: By identifying potential squeezes, traders can manage their risk more effectively. They can avoid going short on a stock if a short squeeze seems likely or avoid going long if a long squeeze is anticipated. █ Why is the Reversal squeeze indicator Needed? The Reverse Squeeze Indicator can provide crucial insights into market dynamics that may not be apparent with other indicators. It allows traders to spot potential trading opportunities arising from market overreactions. Moreover, by identifying potential squeezes, traders can manage their risk more effectively, avoiding positions that might put them on the wrong side of a squeeze. █ Here's how institutions might influence market conditions that can lead to a squeeze: Institutions can actually contribute to creating squeezes because of their size. For instance, an institution that starts covering a large short position can trigger a short squeeze. Conversely, an institution that begins to sell a large long position can trigger a long squeeze. Or if an institution or a group of institutions decide to buy a large number of shares in a company that has a significant number of short positions, this increased demand can cause the stock price to rise. This upward movement can put pressure on short-sellers to cover their positions, further increasing demand and driving the price even higher, creating a short squeeze. These activities are part of the market dynamics where larger players naturally have more influence. However, it's crucial to note that deliberately creating conditions to cause harm to other market participants can cross into market manipulation, which is illegal. So while it's theoretically possible for institutions to "squeeze" the market, it's generally not their primary strategy due to the legal, ethical, and reputation risks associated. They are, however, very adept at recognizing and capitalizing on these situations when they arise naturally in the course of market dynamics. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Penunjuk Pine Script®
oleh Zeiierman
16
Reversal Points [CC]This original script was created based on a suggestion from @kerpiciwuasile. My original Reversal Points script was removed because I modeled it after an indicator by Demark, but this script will have no such issues. Reversal points are an exciting concept for me because it is such a useful tool when placing trades. This is my first attempt at a new overall layout for my script and I included a bunch of customization so let me know what you think. My script works by finding lows that are surrounded by bars that have higher lows and highs that are surrounded by lower highs. I use this logic to find short term lows or highs and I use the same concept to find mid-term lows or highs but a mid-term high is a short term high surrounded by lower short term highs and a mid-term low is a short term low surrounded by higher short term lows. And of course this means that long term highs or lows use the same logic to find highs or lows that are surrounded by mid-term highs or lows. I would recommend to buy at the long term low points or sell at the long term high points. Keep in mind of course that short term highs and lows are very common and reversal points will get rarer as you look for longer term reversal points. I would recommend to experiment and see which reversal points work best for you and of course, know that there is no magical formula to use for all stocks. Also there are a few scenarios where you want to enable or disable the inside bar setting. You would want to ignore inside bars if the market is currently very volatile or if you are using this indicator on a crypto chart. This is not an exact science but more of a recommendation, so feel free to experiment with it. Reversal points are crucial for traders as they signal a potential change in the market trend, providing opportunities for entry or exit. In summary, this code snippet is a powerful tool for traders to detect and visualize reversal points on a trading chart, providing valuable insights into potential trend changes and facilitating more informed trading decisions. Let me know if you would like me to publish other scripts or if you want me to do something custom for you!
Penunjuk Pine Script®
oleh cheatcountry
25
Reversal Bands & Zones (Expo) "It has never been easier to find high probability trades" Reversal Bands & Zones (Expo) is an algorithm that analyzes the market in real-time and identifies reversal points, key market zones, and trends. The advanced and unique reversal bands act as support & resistance zones, and together with the trend tracking feature, it serves as a trend confirmation. The real-time market zones are displayed where there is a high probability of finding support/resistance. The algorithm does also map out key pivot levels based on the current market structure. > Reversal points and key market zones have alerts. Real-time No repainting Works on any market and in any timeframe The indicator can be used standalone or as a part of your current trading strategy. ☖ Reversals The algorithm identifies areas of potential turning points, these are displayed as Upper and Lower Reversal Cloud. When the price hits the cloud and bounces off there is a high probability that the price will reverse. If the price stays in the reversal cloud, there is a high probability that a trend is forming. ☖ Trends Positive Trend: If the price is in or close to the upper green reversal band and above the trend- tracking line, we can be sure that the market is in a positive trend until the price crosses down from the reversal cloud and the trend tracking line. NegativeTrend: If the price is in or close to the lower red reversal band and below the trend- tracking line, we can be sure that the market is in a negative trend until the price crosses up from the reversal cloud and the trend tracking line. ☖ Zones "It hasn't been easier to display, in real-time, one of the most important and useful technical analysis, namely key support and resistance zones" The algorithm analyzes the market structure in real-time and maps out key supply/resistance and demand/support zones. The user gets an instant understanding of the market structure. Support and resistance can be used to determine the range of a market, to trade reversals, bounces, or breakouts. ☖ Pivots The indicator does also displays key pivot levels. Pivots can be used to determine the range of a market, to trade reversals, bounces, or breakouts. HOW TO USE - Use the indicator to identify reversals. - Use the indicator to identify the range of the market. - Use the indicator to identify key support/resistance zones. - Use the indicator to identify trends. INDICATOR IN ACTION 1-hour chart I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators/ideas are only for educational purposes! ACCESS THE INDICATOR • Contact me on TradingView or use the links below
Penunjuk Pine Script®
oleh Zeiierman
47
Reversal Confirmations [QuantVue]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!
Penunjuk Pine Script®
oleh QuantVue
8
Reversal Candlestick Structure [LuxAlgo]The Reversal Candlestick Structure indicator detects multiple candlestick patterns occurring when trends are most likely to experience a reversal in real-time. The reversal detection method includes various settings allowing users to adjust the reversal detection algorithm more precisely. A dashboard showing the percentage of patterns detected as reversals is also included. 🔶 USAGE Candlestick patterns are ubiquitous to technical analysts, allowing them to detect trend continuations, reversals, and indecision. The proposed tool effectively detects reversals by using the confluence between candlestick patterns and a reversal detection method based on the stochastic oscillator, acting as a filter for the patterns. If a candlestick pattern occurs while conditions suggest a potential reversal then the pattern is highlighted. The displayed candle coloring allows users to observe the reversal detection method, with colored candles indicating potential reversals. Users wanting to detect longer-term reversals can use a higher "Trend Length" setting, this can however lead to an increased amount of displayed candlestick patterns. To prevent false positives users also have control over a "Threshold" setting in a range between (0, 100), with values closer to 100 preventing candlesticks from being detected at the start of trends. The "Warmup Length" serves a similar purpose, and aims to prevent sudden moves to be classified as reversals. Higher values of this setting will require trends to be established for a longer period of time for reversal conditions to be detected. 🔹 Dashboard To evaluate the role of individual candlestick patterns as potential reversal signals relative to the proposed reversal detection method, a dashboard displaying the percentage of candlestick patterns displayed (that occur when a potential reversal is detected) over the total amount detected. Hovering on the dashboard cells of the "Reversal %" column allows displaying the total amount of patterns detected. 🔶 CANDLESTICKS PATTERNS This tool detects 16 popular candlestick patterns, each listed in the sub-sections below. 🔹 Bullish Patterns Hammer - A bullish reversal pattern that forms after a decline, characterized by a small body at the upper end of the trading range and a long lower shadow. Inverted Hammer - A bullish reversal pattern that forms after a downtrend, featuring a small body at the lower end of the trading range and a long upper shadow. Bullish Engulfing - A bullish reversal pattern where a small bearish candlestick is followed by a larger bullish candlestick that completely engulfs the previous candle. Rising 3 - A bullish continuation pattern that consists of a long bullish candlestick followed by three smaller bearish candlesticks and then another long bullish candlestick. 3 White Soldiers - A bullish reversal pattern consisting of three consecutive long bullish candlesticks, each opening within the previous candle's body and closing higher. Morning Star - A bullish reversal pattern made up of three candlesticks: a long bearish candlestick, followed by a short candlestick, and then a long bullish candlestick. Bullish Harami - A bullish reversal pattern where a small bullish candlestick is completely within a previous larger bearish candlestick. Tweezer Bottom - A bullish reversal pattern identified by an initial bullish candle, followed by a bearish candle, both having equal lows. 🔹 Bearish Patterns Hanging Man - A bearish reversal pattern that forms after an uptrend, characterized by a small body at the upper end of the trading range and a long lower shadow. Shooting Star - A bearish reversal pattern that forms after an uptrend, featuring a small body at the lower end of the trading range and a long upper shadow. Bearish Engulfing - A bearish reversal pattern where a small bullish candlestick is followed by a larger bearish candlestick that completely engulfs the previous candle. Falling 3 - A bearish continuation pattern that consists of a long bearish candlestick followed by three smaller bullish candlesticks and then another long bearish candlestick. 3 Black Crows - A bearish reversal pattern consisting of three consecutive long bearish candlesticks, each opening within the previous candle's body and closing lower. Evening Star - A bearish reversal pattern made up of three candlesticks: a long bullish candlestick, followed by a short candlestick, and then a long bearish candlestick. Bearish Harami - A bearish reversal pattern where a small bearish candlestick is completely within a previous larger bullish candlestick. Tweezer Top - A bearish reversal pattern is identified by an initial bullish candle, followed by a bearish candle, both having equal highs." 🔶 SETTINGS 🔹 Patterns Group including toggles for each of the supported candlestick patterns. Enabled toggles will allow detection of the associated candlestick pattern. 🔹 Reversal Detection Trend Length: Determines the sensitivity of the reversal detection method to shorter-term variation, with higher values returning a detection method more sensitive to longer-term trends. Threshold: Determines how easy it is for the reversal detection method to consider a trend at an extreme point. Warmup Length: Warmup period in the reversal detection method, longer values will require a longer-term trend to detect potential reversals. 🔹 Style Color Candles: Enable candle coloring on the user chart based on the reversal detection method. Use Gradient: Use a gradient as candle coloring. Label Size: Size of the labels displaying the detected candlesticks patterns. 🔹 Dashboard Show Dashboard: Display the dashboard on the user chart when enabled. Location: Dashboard location on the user chart. Size: Size of the displayed dashboard.
Penunjuk Pine Script®
oleh LuxAlgo
25
Reversal and Breakout Signals [AlgoAlpha]🚀🌟 Introducing the Reversal and Breakout Signals by AlgoAlpha 🌟🚀 This innovative tool is crafted to enhance your chart analysis by identifying potential reversal and breakout opportunities directly on your charts. It's designed with both novice and experienced traders in mind, providing intuitive visual cues for better decision-making. Let's dive into the key features and how it operates: ### Key Features: 🔶 Dynamic Period Settings: Customize the sensitivity of the indicator with user-defined periods for both the indicator and volume strength. 📊 Volume Threshold: Set a threshold to define what constitutes strong volume, enabling the identification of significant market movements. 💡 Trend Coloring: Option to color candles during trends, making it easier to visualize bullish and bearish market conditions. 🌈 Customizable Visuals: Choose your preferred colors for bullish, bearish, and breakout signals, personalizing the chart to your liking. 🚨 Advanced Alert System: Configure alerts for reversal and breakout signals, ensuring you never miss a potential trading opportunity. ### How to Use: To maximize the effectiveness of the Reversal and Breakout Signals tool, follow these steps: 1. 🔧 Set Up Your Preferences: - Adjust the Indicator Period and Volume Strength Period to match the timeframe of your trading strategy. This fine-tuning allows the indicator to better align with your specific market analysis needs. - Define the Strong Volume Threshold to distinguish between ordinary and significant volume movements. This helps in identifying breakout or reversal signals with higher confidence. 2. 🎨 Customize Visuals: - Choose colors for Bullish , Bearish , and Breakout Signals to visually differentiate between different types of market activities. This customization facilitates quicker decision-making while scanning charts. 3. 🔍 Reversal Signals: - Bullish Reversal : Look for a triangle below the bar indicating a potential upward movement. It's identified when the price dips below the lower level but closes above it, suggesting a rejection of lower prices. - Bearish Reversal : A triangle above the bar signals a potential downward movement. This occurs when the price spikes above the upper level but closes below, indicating a rejection of higher prices. 4. 📈 Trend and Breakout Signals: - Diamonds represent breakout signals. A bullish breakout is marked below the bar when the price closes above the upper level, suggesting strong buying pressure. Conversely, a bearish breakout above the bar indicates strong selling pressure as the price closes below the lower level. - The tool also features a Trend Tracker that highlights the current market trend using the Hull Moving Average (HMA). This can help you stay aligned with the overall market direction for your trades. By integrating these steps into your trading strategy, the Reversal and Breakout Signals tool can provide actionable insights to help identify potential entry and exit points, enhancing your trading decisions with visual cues and alerts for market reversals and breakouts. ### How It Works: The core logic revolves around calculating weighted moving averages of high and low prices over a user-defined period, identifying the highest and lowest points within this period to establish potential breakout or breakdown levels while reducing the amount of noise, hence the use of moving averages. 1. Weighted Moving Averages Calculation: sh = ta.wma(high, len) sl = ta.wma(low, len) h = ta.highest(sh, len) l = ta.lowest(sl, len) 2. Breakout and Reversal Detection: The script then employs logic to detect bullish and bearish breakouts and reversals based on the closing price's position relative to these levels, combined with volume analysis to confirm the strength of the move. if not (h < h or h > h ) hstore := h if not (l < l or l > l ) lstore := l bullishbreakout := (breakout or ((breakout or breakout or breakout or breakout ) and candledir == 1)) and strongvol and not (bullishbreakout or bullishbreakout or bullishbreakout ) bearishbreakout := (breakdown or ((breakdown or breakdown or breakdown or breakdown ) and candledir == -1)) and strongvol and not (bearishbreakout or bearishbreakout or bearishbreakout ) 3. Visual Indicators and Alerts: Visual cues such as triangle shapes for reversals and diamonds for breakouts, along with colored bars, make it easy to spot these opportunities. Additionally, alerts can be set up for these events, ensuring traders can react promptly to potential trading setups. plotshape(bullishrej and not (state ==- 1) ? low * 0.9995 : na, " Bullish Reversal ", shape.triangleup, location.belowbar, color.new(green, 0), size = size.tiny, text = "𝓡", textcolor = color.gray) plotshape(bearishrej and not (state == 1) ? high * 1.0005 : na, " Bearish Reversal ", shape.triangledown, location.abovebar, color.new(red, 0), size = size.tiny, text = "𝓡", textcolor = color.gray) plotshape(bullishbreakout ? low * 0.999 : na, " Bullish Breakout ", shape.diamond, location.belowbar, color.new(yellow, 0), size = size.tiny, text = "𝓑", textcolor = color.gray) plotshape(bearishbreakout ? high * 1.001 : na, " Bearish Breakout ", shape.diamond, location.abovebar, color.new(yellow, 0), size = size.tiny, text = "𝓑", textcolor = color.gray) This script is a versatile tool designed to aid in the identification of key reversal and breakout points, helping traders to make informed decisions based on technical analysis. Its customization options allow for a tailored analysis experience, fitting the unique needs and strategies of each trader.
Penunjuk Pine Script®
oleh AlgoAlpha
29
Reversal Algo (Expo)"It has never been easier to find high probability trades" Reversal Algo (Expo) is an automated Reversal System that analyzes the market in real-time and identifies high probability short term and long term trend reversal- and scalping signals as well as key market zones, and trends. The adaptive and unique reversal bands act as support & resistance zones, and together with the trend tracking feature, it serves as a trend confirmation. The system does also comes with a Top & Bottom finder that detects potential tops and bottoms that can be used as scalping entries or take profit points. This Reversal System is developed to catch both short term and long term trend reversal and provide clarity in the current trend direction. The system aims to make it easier to come in early in a new trend as well as to stay longer in that trend. One of the main features is that the system has already filtered out false and choppy signals and aims to leave the most accurate ones. One of the main goals was to make a system that works well without having Heiken Ashi candles. However, if you apply the system to Heiken Ashi candles you will have an additional layer of noise filtering. Key differences between Trend Algo and Reversal Algo are that Reversal Algo is more responsive to price action and has a dynamic and adaptive Reversal cloud. The Reversal Algo does also has the tops/bottoms finder. These two systems can be used together. The user can enable the following: ATR Trailing Stop - Helps to identify the trend as well as where to have your stop loss. Trend Tracking Line - Helps to identify Strong trends and areas of trend reversals. Trend Steps- Helps to highlight where the current trend direction has found a new base. Reversal Band - Helps to identify the trading range, strong trends, and areas of reversals. Trend Scalping Dots - Helps to keep track of the short term price action. Noise- and Signal filters: Depending on your trading style you can choose between different trend filters and signals sensitivities. Real-Time Alerts No Repainting Works on any market and in any timeframe The indicator can be used standalone or as a part of your current trading strategy. HOW TO USE Use the indicator to identify reversal signals. Use the indicator to identify trends. Use the indicator to identify tops & bottoms signals. Use the indicator to identify scalping signals. INDICATOR IN ACTION 1-hour chart Top/Bottom Finder 1-hour chart I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators/strategies/ideas are only for educational purposes! ACCESS THE INDICATOR • Contact me on TradingView or use the links below
Penunjuk Pine Script®
oleh Zeiierman
91
MM-Microtrend-Reversal-IndicatorThis indicator detects microtrend reversals based on crossing of the DMI+ and DMI- + signals It indicates the trigger event on the chart as well as the reversal candle In addition to that it shows a countdown above the bars This is helping when multiple reversals occur Important: when the Bollinger Bands are crossed in the previous bars it's possible that the prognosted reversal will NOT show up Recommended timeframes are M1 and M2 Avoid trading sideway trends, the reverals are low and reversal triggers and assumed reversal candles could get chaotic
Penunjuk Pine Script®
oleh Meunier
28
Reversals & PullbacksReversals & Pullbacks: This indicator tries to predict Price reversals and pullbacks. It works best on the higher timeframes (H4 and D) and was written for currencies but also shows some decent results on Crypto. Inputs: - Confirmation: When activated, the indicator waits to print the bullish/bearish signal untill price shows a clear sign of reversal. When not activated, it only looks if it thinks a pullback or reversal is likely to happen without waiting for confirmation. There will be more (false) signals when disabled - Sensitivity: When set to 0, there will be more (false) signals printed, and when highering this value there will be less signals. The default value is 5 but you can experiment which value works best on what instrument. - Arrow Distance: can be used to place the arrows further away from price if needed.
Penunjuk Pine Script®
oleh my6thsense
Reversal Probability Zone & Levels [LuxAlgo]The Reversal Probability Zone & Levels tool allows traders to identify a zone starting from the last detected reversal to highlight the probability of where the next reversal would be from a price and time perspective. Price and time levels within the zone are displayed for up to 4 percentiles defined by the user. 🔶 USAGE By default, the tool displays a zone with the 25th, 50th, 75th and 90th percentiles on both the price and time axis, indicating where, when and how many of the past reversals have occurred. Traders can select the length for swing detection and the maximum number of reversals for probability calculations. The tool considers both bullish and bearish reversals separately, which means that if the last reversal was a swing high, the zone would show the probabilities for the last defined Maximum reversals The Maximum reversals value has a direct impact on the probabilities, the more data traders use the more significant the result, probabilities over 10 occurrences are far weak compared to probabilities over 1000 occurrences. 🔹 Percentiles Traders can fine-tune the percentile parameters in the settings panel. A given percentile means that the number of occurrences in the data set is less than or equal to the percentile. In English, this means Percentile 20th: 20% of the occurrences are less than or equal to this value, so 80% of the occurrences are greater than this value. Percentile 50th: 50% of the occurrences are below and 50% are above this value. Percentile 80th: 80% of occurrences are lower than or equal to this value, so 20% of occurrences are greater than this value. 🔹 Normalize data The Normalize Data feature allows traders to make an apples to apples comparison when we have a lot of historical data on high timeframe charts, using returns between swings instead of raw price. 🔹 Display Style By default, the tool has the No overlapping feature enabled to display a clean chart, traders can turn it off, but this can fill the chart with too much information and barely see the price. Traders can enable/disable settings to show only the last zone and the swing markers on the chart. 🔶 SETTINGS Swing Length: The maximum length in bars used to identify a swing Maximum Reversals: Maximum number of reversals included in calculations Normalize Data: Use returns between swings instead of raw price Percentiles: Enable/disable each of the four percentiles and select the percentile number, line style, colors, and size 🔹 Style No Overlapping Zones: Enable or disable the No overlap between zones feature Show Only Last Zone: Enable/disable display of last zone only Show Marks: Enable/disable reversal markers
Penunjuk Pine Script®
oleh LuxAlgo
19
Reversal Signals [AlgoAlpha]📈🔄 Reversal Signals – Master Market Reversals with Precision! 🚀✨ Elevate your trading strategy with the Reversal Signals indicator by AlgoAlpha. This advanced tool is designed to pinpoint potential bullish and bearish reversals by analyzing price action and, optionally, volume confirmations. It seamlessly combines reversal detection with trend analysis, giving you a comprehensive view of market dynamics to make informed trading decisions. Key Features 🔎 Price Action Reversal Detection : Identifies potential reversal points by comparing current price movements against historical candle patterns within a customizable lookback period. 📊 Volume Confirmation : Optionally integrates volume analysis to confirm the strength of reversal signals, enhancing their reliability. 📈 Stepped Moving Average Trend Indicator : Employs a stepped moving average that adjusts at set intervals to reflect underlying market trends. ⚙️ Customizable Settings : Tailor the indicator to your trading style with adjustable parameters for lookback periods, confirmation windows, moving average types, and more. 🎨 Visual Signals and Trend Coloring : Clear on-chart labels for reversal signals and color-coded trend areas to quickly identify bullish and bearish conditions. 🔔 Alerts for Key Market Events : Set up custom alerts for reversal signals and trend shifts to stay ahead of market movements. Quick Guide to Using the Reversal Signals Indicator : 🛠 Add the Indicator : Add the indicator to your favorites by pressing the star icon. Customize settings like Candle Lookback, Confirm Within, and Use Volume Confirmation to fit your trading style. 📊 Market Analysis : Observe the "𝓡" labels on the chart indicating bullish and bearish reversal signals. Look for labels below the bars for bullish signals and above the bars for bearish signals. Use the color-filled areas between the stepped moving average and the center line to assess market trends. 🔔 Alerts : Enable notifications for reversal signals and trend shifts to stay informed about market movements without constantly monitoring the chart. How It Works The Reversal Signals indicator operates by conducting a thorough analysis of price action over a user-defined lookback period. For a bullish reversal, the indicator checks if the current closing price is lower than the lows of the preceding candles within the lookback window, suggesting a potential oversold condition. If this criterion is met, it marks the candle as a potential reversal point and waits for confirmation within a specified number of subsequent candles. Confirmation occurs when the price rises above the high of the identified candle, signaling a bullish reversal. An optional volume confirmation can be enabled to ensure that the reversal is supported by higher-than-average trading volume, adding an extra layer of validation to the signal. The process is mirrored for bearish reversals, where the indicator looks for the closing price exceeding previous highs and awaits confirmation of a downward move. Complementing the reversal signals, the indicator features a stepped moving average that serves as a dynamic trend indicator. This moving average updates at intervals defined by the MA Step Period and shifts direction based on price crossings. If the price remains above the stepped MA, it indicates a bullish trend, coloring the area between the MA and the center line in green. Conversely, if the price falls below the stepped MA, a bearish trend is signaled, and the area is shaded red. This visual representation helps traders quickly assess the prevailing market trend and align their trading decisions accordingly. Experience a new level of market insight with the Reversal Signals indicator. Add it to your TradingView chart today and enhance your ability to detect and act on key ma
Penunjuk Pine Script®
oleh AlgoAlpha
6
Reversal Pivot Overview Introducing the Reversal Pivot indicator - a tool for identifying potential reversal points in price. This algorithm takes into account multiple factors, including price action, volume, and pivot points, to give you a clear and accurate picture of where the market is heading to. How it works The indicator gets expansions and the highs and lows and uses the conditions along with pivots to determine whether a reversal is possible or not. Then it gets the volume to determine how strong this chance of reversal is. How to use The Reversal Pivot indicator alone shouldn't be used to find reversal points but it helps you get a clear insight on where possible reversals could happen for example, you could use it with mean reversion strategies to find the best entries. Red bars signal a bearish reversal Green bars signal a bullish reversal This here is an example of a long entry if you are trading lets say the mean. You can wait for a bullish reversal on the Histogram plot and then enter, a reversal could happen. This is an example of a short entry if you are also trading the mean. Other features This indicator allows you to customize the colors, and the histogram. If you don't like the histogram then you can change its plot style to whatever you would like. Try the Reversal Pivot indicator today and find more possible reversal points!
Penunjuk Pine Script®
oleh Traders_Endeavors
Reversal Signals [LuxAlgo]The Reversal Signals indicator is a technical analysis tool that aims to identify when a trend is fading and potentially starting to reverse. As a counter-trend tool, the Reversal Signals indicator aims to solve the problem of several technical analysis indicators that perform well during trending markets but struggle in ranging markets. By understanding the key concepts and applications of the tool, traders can enhance their market timing and improve their trading strategies. Note: It's important to explore the settings of the indicator to customize to your own usage & display as there are various options available as covered below. 🔶 USAGE The Reversal Signals indicator is comprised of two main phases: Momentum Phase and Trend Exhaustion Phase . These phases help identify potential trend reversals in bullish, bearish, and ranging markets. 🔹The Momentum Phase The momentum phase consists of a 9-candle count and in rare cases 8-candle count. In a bullish trend, a starting number ‘1’ is plotted if a candle closes higher than the close of a candle four periods ago. In a bearish trend, a starting number ‘1’ is plotted if a candle closes lower than the close of a candle four periods ago. The following numbers are plotted when each successive candle satisfies the four-period rule. The potential reversal point comes when the Reversal Signals plot a label on top of a candle in a bullish trend or at the bottom of a candle in a bearish trend. The momentum phase is immediately canceled if, at any point, a candle fails to satisfy the four-period rule. Based on the extremes of the momentum phase, the Reversal Signals generate support & resistance levels as well as risk/stop levels. 🔹 The Trend Exhaustion Phase The trend exhaustion phase starts after completing the momentum phase and consists of a 13-candle count. In a bullish trend exhaustion phase, each candle’s close is compared to the close of two candles earlier, and the close must be greater than the close two periods earlier. In a bearish trend exhaustion phase, each candle’s close is compared to the close of two candles earlier, and the close must be lower than the close two periods earlier. The trend exhaustion phase does not require a consecutive sequence of candles; if the order of candles is interrupted, the trend exhaustion phase is not canceled. The trend exhaustion phase generates stronger trading signals than the momentum phase, with the potential for longer-lasting price reversals. 🔹 Trading Signals The Reversal Signals script presents an overall setup and some phase-specific trade setup options, where probable trades might be considered. All phase-specific trade setups, presented as options, are triggered once the selected phase is completed and followed by a price flip in the direction of the trade setup. Please note that those setups are presented for educational purposes only and do not constitutes professional and/or financial advice - Momentum: Enter a trade at momentum phase completion, and search for buy (sell) when the bullish (bearish) momentum phase pattern is complete. Ideally, the momentum phase completion should close near its support/resistance line but shall not be above them, which indicates continuation of the trend - Exhaustion: Enter a trade on trend exhaustion phase completion, and search for buy (sell) when the bullish (bearish) trend exhaustion phase is complete - Qualified: Buy (sell) when a bullish (bearish) trend exhaustion phase combined with another bullish (bearish) momentum phase sequence is complete Long trade setups are presented with "L" label and short trade setups with "S" label, where the content of the label displays details related to the probable trade opportunity Once a phase-specific trade setup is triggered then the Reversal Signals script keeps checking the status of the price action relative to the phase-specific trade setups and in case something goes wrong presents a caution label. Pay attention to the content of the caution labels as well as where they appear. A trade signal, followed immediately by a warning indication can be assumed as a continuation of the underlying trend and can be traded in the opposite direction of the suggested signal It is strongly advised to confirm trading setups in conjunction with other forms of technical and fundamental analysis, including technical indicators, chart/candlestick pattern analysis, etc. 🔶 DETAILS The Reversal Signals script performs the detection of the phases by counting the candlestick meeting the specific conditions, which includes: - Detection of the 8th and 9th candle perfection during the momentum phase - In some cases, the 8th count will be assumed as momentum phase completion - Trend exhaustion phase counting stops in case any type of momentum phase completion is detected during the counting process - Postponing the last count of the trend exhaustion phase, the 13th candle must be below/above the 8th candle and if not the candles will be indicated with '+' sign under them and the script continues to search for a 13th candle at the next ones until the conditions are met 🔶 ALERTS When an alert is configured, the user will have the ability to be notified in case; Momentum / Trend Exhaustion phase completion Support & Resistance level cross detection Stop / Risk level cross detection Long / Short Trade Setups are triggered Please note, alerts are available with 'any alert() function call' and the alerts will be received only for the features that are enabled during alert configuration 🔶 SETTINGS 🔹 Momentum Phase Display Phases: displays the momentum phases, where the Completed option allows the display of only completed momentum phases. The detailed option allows the display of the entire process of the momentum phase processes Support & Resistance Levels: Toggles the visibility of the Support & Resistance Levels and Line Styling options Momentum Phase Risk Levels: Toggles the visibility of the momentum phase Stop/Risk Levels and Line Styling options For color options please refer to the options available under the style tab 🔹 Trend Exhaustion Phase Display Phases: displays the trend exhaustion phases, where the Completed option allows the display of only completed trend exhaustion phases. The detailed option allows the display of the entire process of the trend exhaustion phase processes Trend Exhaustion Phase Risk Levels: Toggles the visibility of the trend exhaustion phase Stop/Risk Levels Trend Exhaustion Phase Target Levels: Toggles the visibility of the trend exhaustion phase Target Levels For color options please refer to the options available under the style tab 🔹 Trade Setups Overall Trend Direction & Trade Setup: displays the overall trend and probable trade setup levels, the users should search for a price flip and confirm with other means of technical and fundamental analysis for the trade setups once the label is plotted Phase-Specific Trade Setup Options Momentum: Searches for a trade setup after momentum phase completion Exhaustion: Searches for a trade setup after trend exhaustion phase completion, stronger trend reversal possibility compared to momentum phase setup Qualified: Searches for a trade setup after the trend exhaustion phase followed by a momentum phase completion None: No trade setups are presented Price Flips against the Phase Specific Trade Setups: enables checking the price action relative to the phase-specific trade setups 🔶 RELATED SCRIPTS Here are the scripts that may add additional insight during potential trading decisions. Buyside-Sellside-Liquidity Support-Resistance-Classification
Penunjuk Pine Script®
oleh LuxAlgo
53
Reversal Signal [5ema]This indicator can find a reversal point when the price is oversold, the breakout is far from the EMA. ----- How to calculate? Find the minimum (maximum) value on five EMAs: 20, 50, 200, 460, 610. Calculate the number left bars with condition that is completely above (below) the min (max) EMA line. The signal bar is Engulfing bar. ----- How to appear signal? Have signal bar cross the min (max) EMA line. The number left bars that is completely above (below) the min (max) EMA line greater than inputting. ----- How to use? Can change the value of EMAs to suitable with symbols and strategy. Can change the number left bars to suitable with symbols and strategy. Can see the trend cloud to recognize the trending. Review a strategy when appear the signal on chart. Make the alert when appear the signal. Can choose only Buy or Sell signal. ----- This indicator is for reference only, you need your own method and strategy. If you have any questions, please let me know in the comments.
Penunjuk Pine Script®
oleh vn5ema
1
Reversal Magic BTC [Loxx]What is Reversal Magic BTC ? Reversal Magic BTC is an indicator that probes momentum and volatility for extreme values up/down to determine where possible reversals may occur for BTCUSD or BTCUSDT pairs. This is a highly specialized indicator tuned only to BTCUSD or BTCUSDT pairs and it only works on the daily timeframe. If you try to use this on any other ticker or any other timeframe other than the daily, then you'll see the indicator pop up with an error next to its name. Settings This indicator has two very simple settings: 1) High/Low period to probe highs and lows over the last XX candles 2) Volatility period to calculate the average volatility over the last XX candles █ How do you use this? Reversal trading Ideally you would pair this indicator with a volatility indicator that shows volatility levels from closing price and then set a take profit level at 1x sigma up or down, and stoploss at 1.5x sigma up or down depending on the direction of the trade. Please note: reversal trading is extremely risky as a trend has not yet been established to confirm market direction. The following indicators are ideal for this scenario Profit Bands Multi-Panel: Trade-Volatility-Probability Swing Trading This indicator can also be used as an exit indicator to be paired with a trend trading system where you would exit at the extremes up or down.
Penunjuk Pine Script®
oleh loxx
1