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Multi-TimeFrame Extremum Points Support/ResistanceIntroduction This is my newest Support/Resistance indicator based on the idea of my previous script which had been featured in Editors' Picks . Everyone seems to have their own idea of how you should measure support and resistance levels. This code finds the exact highest and lowest price points (Extrema) on the chart and then draws the support and resistance levels on them. In my opinion, the advantage of this method is that the most powerful resistance/support levels which usually cover the supply/demand areas would be formed on these extremum points, as the following facts state. Facts 1. Support and resistance levels are one of the key concepts used by technical analysts and form the basis of a wide variety of technical analysis tools. Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend. 2. Supply and demand zones are natural support and resistance levels and a popular analysis technique used in day trading. The zones are the periods of sideways price action that come before explosive price moves. A supply zone forms before a downtrend and a demand zone forms before an uptrend. When the price leaves the supply/demand zone and starts trending, the strong imbalance between buyers and sellers leads to strong and explosive price movements. 3. Based on Dow Theory, trends persist until a clear reversal occurs. A reversal is a change in the price direction of an asset. Reversals typically refer to large price changes, where the trend changes direction. Challenges The most challenging part in implementing a S/R indicator which draws all the levels on the chart is the problem of congestion! But we should notice two other facts: 1. The more times the price tests a support or resistance area, the more significant the level becomes. 2. A previous support level will sometimes become a resistance level when the price attempts to move back up, and conversely, a resistance level will become a support level as the price temporarily falls back. So, I solved the problem using these two approaches: Merging nearby levels and showing the role of the levels in colors and numbers Avoiding many weaker levels by checking higher time frames Settings and Usage There are some options in the indicator settings as described below: Calculations Time Frame: By changing the time frame, user could keep only the stronger S/R levels on the chart. Level Colors: By default, lowest points (Supports) are green, highest points (Resistances) are red and merged levels are blue. Note that the transparency of the colors would be calculated automatically; The more opaque the color is, the stronger the level is! Lines Style and Width: The style of the levels could be solid, dashed or dotted and user could also change the lines width in pixels. Length of the lines: This option is based on the count of bars, but user could simply choose to extend the levels Merge Nearby Levels: The proximity of the levels would be calculated automatically based on ATR (Average True Range) and the default length of the formula could be changed. Labels: Each level could have a label consisting the count of merged levels into one, the percentage of merged supports/resistances and the price of the level. Note that if user choose to see the percentage of S/R roles, the color of each label changes automatically based on the main role of corresponding merged level (e.g., a blue level with a red label means that the level more acted as resistance). I think the users of my previous S/R indicators could check this one That's it for now! Feel free to send me your thoughts!
Penunjuk Pine Script®
oleh informanerd
41
[UPRIGHT] Bulls-V-Bears Tug-of-War SquidGame [Premium] (cc)Hello Traders, Today I'm updating the Bull V. Bears with a Premium version. (Note: the other version is shown below the Premium on the chart above) ……"The game is Tug of War, the side that pulls the rope from the middle to their side wins. Let the game begin."…… How it works: This indicator is not a typical one. 1) It shows visually when Bull volume or Bear volume is ‘pulling the rope to their side’. 2) It uses several different formulas to get an accurate read on the level of volume , but still keeps peaks and troughs within 100 for easy reading. 3) Update: It was originally meant to be used strictly with other indicators, but it can now be used as a standalone indicator. __________________________________ Legend: 1) The top line signals give the major signals – a. Red cross = Bearish volume strength and continuation. b. Green cross = Bullish volume strength and continuation. i. + Green Dot inside enhances signal. ii. + Red Dot inside weakens signal. c. Blue circle = Can indicate the beginning of a reversal to the upside or downside. d. Pink circle = Can indicate the beginning of a reversal to the downside. 2) The Bottom signals are triggered when one circle-rope crosses over the other, these signals give confirmation to the top line signals – Red bearish / Green bullish . 3) As shown on the chart, the Reversal setup usually consists of a blue circle, followed by a red or green cross, then confirmation from the bottom signal. 4) Without the signals: green obviously is Bullish especially above the threshold set --Red bearish . The regular rope gives trend indication. I've added tooltips to make it easy to understand, feel free to leave a comment if you still have a question! __________________________________ Features: -Tooltips (hover over - Info) for understanding. -Works well on all timeframes; even 5min, I made a tooltip for recommended lengths. -Customizable Signals; with the ability to turn on and off. -Reversal signals: Pink and Blue circles can indicate reversals coming. -Works well as a leading standalone indicator. -Adjustable top signal row. -Background Highlights. -Alerts -Rules added (hover over). __________________________________ Premium : -Better signal algo (will likely be updated again soon) -Reversal Signal added (Large Circle) -Improved Scaling and Organization - Now easier to see large moves/signals on Multiple timeframes. Chart should look like: Cheers, Mike (UPRIGHT Trading)
Penunjuk Pine Script®
oleh UPRIGHTTrading
M.Right Bulls-V-Bears -Tug-of-War- SquidGame Themed(cc)Hello Traders, I've decided to finally release an indicator I've spent several hours working to get just right and as far as I know, there isn’t one as accurate. And.... decided to add a little Squid Game theme to it just for fun. ……"The game is Tug of War, the side that pulls the rope from the middle to their side wins. Let the game begin."…… This indicator is not a typical one. 1) It shows visually when Bull volume or Bear volume is ‘pulling the rope to their side’. 2) It uses several different formulas to get an accurate read on the level of volume, but still keeps peaks and troughs within 100 for easy reading. 3) Update: It was originally meant to be used strictly with other indicators, but it can now be used as a standalone indicator. Legend: 1) The top line signals give the major signals – a. Red cross = Bearish volume strength and continuation. b. Green cross = Bullish volume strength and continuation. i. + Green Dot inside enhances signal. ii. + Red Dot inside weakens signal. c. Blue circle = Can indicate the beginning of a reversal to the upside or downside. d. Pink circle = Can indicate the beginning of a reversal to the downside. 2) The Bottom signals are triggered when one circle-rope crosses over the other, these signals give confirmation to the top line signals – Red bearish / Green bullish. 3) As shown on the chart, the Reversal setup usually consists of a blue circle, followed by a red or green cross, then confirmation from the bottom signal. 4) Without the signals: green obviously is Bullish especially above the threshold set --Red bearish. The regular rope gives trend indication. I've added tooltips to make it easy to understand, feel free to leave a comment if you still have a question! Features: -Tooltips (hover over - Info) for understanding. -Works well on all timeframes; even 5min, I made a tooltip for recommended lengths. -Customizable Signals; with the ability to turn on and off. -Reversal signals: Pink and Blue circles can indicate reversals coming. -Works well as a leading standalone indicator. -Adjustable top signal row. -Highlight background. -Alerts -Rules added (hover over). Cheers, Mike
Penunjuk Pine Script®
oleh UPRIGHTTrading
7
Peak ReversalThis indicator is supposed to help traders identify potential market reversal points. Please note this is not a buy/sell indicator! Peak Reversal is an indicator, which can be used as an early identification for a reversal, or a reversion to the mean. In mean reversion we try to find the bar where we can be certain a reversal is in play, as opposed to the proverbial knife catch. Peak Reversal helps by identifying the bar that actually reversed trend. As you can see it is often accurate, but as you can tell, one has to be careful applying this indicator to their trading, as the trend can just continue onwards. Additionally Peak Reversal uses the same Keltner channels it uses to identify reversals also as breakouts. By default the breakout indication is off, because the chart gets messy otherwise. You can turn it on manually in the settings. When these triangles appear, you can interpret the bars as potentially starting a strong trend. What you don't want to see is a rejection X followed by a breakout triangle obviously. Note that by default the coloring is very subdued. That's just a personal preference. You can adjust to yours in the settings.
Penunjuk Pine Script®
oleh Zettt
1
The Ultimate Frank Ochoa Trading Setup by YesuThis trading set up will show the Frank Ochoa's 4 reversal candles with the 'RSI and volume filters' along with the necessary pivots. You will be able to select the RSI and volume filters individually for all the 4 setups. It will also show the colored RSI candle when the RSI conditions met. You can also set the Initial Balance based on your preference. Lot more features that you can explore. A must have for pivot traders. This is the trading set up which I am using from the past 15 months
Penunjuk Pine Script®
oleh yesuthulasi
164
Momentum Reversal Indicator (MRI)This is the Beta release of the Momentum Reversal Indicator (MRI), expect an update by the end of year. The Momentum Reversal Indicator (MRI) is an advanced script for professional traders who have taken the time to learn all its functions. It is a time based indicator that anticipates the ending of trends based on the momentum in price movement. As an important secondary element, MRI also suggests when a trend might be starting or continuing, which a trader can certainly take advantage of. It is useful across all assets and all time frames but is ideal in more liquid assets on Daily & Weekly time frames. Since this is an Invite Only Script, I will not be making the code public nor explain the math logic of the code here in TradingView. TradingView also limits any external links, but those interested in details or access should be resourceful enough to find all the information they need on my website. However, I will try and explain the usefulness of the MRI indicator with the following images. MRI will display a downwards red arrow above the candle when the bullish trend is ending and an upwards green arrow above the candle when the bearish trend is ending. The candle before the MRI top/bottom is marked by an orange arrow warning you that the trend might be ending on the next candle. (It's common that the trend ends on the candle before or after this MRI signal, I personally like to use single candlestick reversals for confirmation like Shooting Stars, Hammers and Doji). The orange arrow will disappear if a green or red arrow shows up, but will remain on the chart if on the following candle, the conditions needed to make the MRI signal are not met. See NYSE:UBER chart below: When the number above the arrow is something other than a 1, it indicates a strong trend and the number represents consecutive instances of hitting that MRI extreme condition. These consecutive instances have been known to cause major changes in trend and the larger the number, the bigger the move might be. Here is a recent example of the daily chart hitting a 3 on the MRI, with the market falling 6.5% in the following 3 days and 10% over the next 3 weeks (you can see this in the image used to publish this script) The biggest number I have seen is a 5, this occurred on the weekly chart of AMEX:CBOE as it was followed by a 30% correction over the next two weeks. Following an MRI Top/Bottom there are three different Extensions of trend if the price continues to move in the same direction and does not reverse with the MRI. It’s up to the trader to decide which of the three they find most relevant, for me it’s B & C, and there are settings you can use to remove what you don't care for from display. They have a different but similar rule set which is explained to those serious about the indicator and purchase access, which comes with full explanations in a video. Here is a recent chart of NASDAQ:AMZN for an example: And here is a weekly chart of NYSE:GM topping on Extension C with the MRI warning (Orange Arrow). Extensions A & B also provided good profit takes after a big run up These Extensions are particularly useful when they occur on (or right around) an MRI Top/Bottom. Here is an example where it timed the 2018 stock market SPCFD:SPX top perfectly leading directly into an MRI Bottom two weeks later (Also notice how we can show multiple timeframes hitting MRI levels) In addition to Extensions, an MRI Top/Bottom generates a Resistance/Support line (dotted) and a Breakout Line (solid). The Support/Resistance not only has a tendency to reverse the price but also increases the probability of the MRI leading to a full reversal if the line is not broken. By breaking this dotted line, you increase the probability of entering the Extension of Trend. The Breakout line tends to notify the trader that the trend is very strong and continuing. As an example of Support line, here is a recent 1 hour BITSTAMP:BTCUSD chart Here is FX_IDC:EURUSD as of today on a daily chart which shows the Extension of trends once these critical support/resistance and breakout lines are taken out. The indicator also shows you if the MRI is hitting critical levels on higher level time frames. We have set the defaults to Hourly (H), Daily (D), Weekly (W), Monthly (M) and Yearly (Y). You can turn these off in settings and you can also add up to 3 additional custom timeframes of your choice to the display list. When MRI lines up across several time frames it has a history of causing significant moves, here is an example of NSE:TITAN which fell 25% after aligning with the Daily, Weekly and Monthly timeframes for a top. The recent top in TVC:GOLD came on a Friday which had a Daily Extension B & C top. The following Monday kicked off a weekly MRI Top and a week later was the start of September, which happens to be a Monthly MRI Top. Gold is still trending lower as of today and is down 11% since this top less than 2 months ago. One final note on the multi-timeframe is that if you have the Hourly (H) set to display on a chart that only has end of day data, the Indicator will not work so make sure to uncheck all timeframes that can't be identified in the settings. Here are additional charts that show the power of MRI including cryptocurrencies: Recent 25% crash in BINANCE:BNBBTC Of course we have to mention BITSTAMP:BTCUSD here is how MRI called the time period around the big crash in March 2020. There was a very timely MRI Top several weeks prior and once the Support line broke, it went right down into a nice MRI Bottom. Volatility Index Weekly & Daily as of today CBOE:VIX Here is the current look at the weekly USD chart TVC:DXY you can see how it tops on Extension C in March and seems to have bottomed with the MRI in late August. One more look at a stock chart, here we have the Weekly NASDAQ:SBUX as of today, it perfectly oscillates between the MRI calls the last two years. Disclaimer : Trading is risky and using MRI (like any other indicator) does not guarantee positive returns. It does not blindly provide Buy/Sell/Short calls and the trader will need to evaluate every alert. “The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.” - Jesse Livermore Personal Note: I would like to credit the following people that all lead to the knowledge needed to build the MRI: Larry Williams, Tom DeMark, Tyler Jenks, Martin Armstrong & Kevin O’Dowd (most of whom I have met or interacted with) Thank you everyone, if this indicator interests you, you know what to do... Good Luck Trader, Tone Vays
Penunjuk Pine Script®
oleh ToneVays
81
Upside ReversalsUpside reversal is noticed when a stock first dips below the prior week's low, then rallies in heavy trade to close either with a gain or with a much-reduced loss. Upside reversal can be identified with following condition: A stock falls in heavy volume but bounces back, ending up for the day or week OR A stock falls in heavy volume but at least it finishes in the upper 60% of its trading range for the day or week Upside reversal can be applied on day or week but if it is on weekly, it is a strong indication that institutions may be pumping money as they think stock is a bargain. This script is the approximate conversion of Richard Moglen's TC2000 scripts in TradingView. Search YouTube for his video on 'Upside Reversal' This indicator, evaluates following conditions and print the arrow down label with percentage of reversal Stoc(1,1) should be higher than 60%; AND today's close is above 60% range; AND today's low is lesser than yesterday; AND Stoc(5,2,1) is lesser than 65 You can change inputs from Stoc(5,2,1) to Stoc(10,4,1) based on your need. NOTE: 1) I still see some false positives so be aware of it. 2) It is absolutely possible to have an Upside reversal on down trend also. Please look for confirmation following day on the trend before act on it. 3) Volume level is not validated in the indicator, so you need to include it in the chart and check it. 4) This is still an experimental script & published for educational purpose only
Penunjuk Pine Script®
oleh GreatStockMark
10
ALPHA: ReversalWhat is a divergence? In the case of strength and momentum indicators, it is when the price deviates from the movement of the oscillator, it can have significant implications for trade management. Divergences in an uptrend occurs when the price makes a higher high but the indicator does not. In a downtrend, divergence occurs when the price makes a lower low, but the indicator does not. When a divergence is spotted, there is a higher probability of a price reversal. Divergences helps the trader recognize and react appropriately to a change in price action. It tells us something is changing and the trader must make a decision, such as tighten the stop-loss or take profit. Seeing divergences increases profitability by alerting the trader to protect profits or open a position. Divergences indicate that something is changing, but it does not automatically mean the trend will reverse. It signals the trader must consider holding, tightening the stop loss, opening a position or take profit. Introduction The Alpha: Reversal is an indicator based off of the Stochastic, Relative Strength Index and Momentum indicator. Its sole purpose is to be able to identify divergences when they matter and identify high probability reversal areas. The formula used between the three indicators will be kept proprietary, in addition to the slight changes made on the Stochastic formula. The indicator plots the histogram with a divergence formula within a 14 period look-back on default. Additionally, there is a moving average of the histograms movement to identify the divergences when they matter. Divergences exist on just about every candle, most of the time they are at a minuscule level. Rarely do the price and oscillator movement collude, the question becomes when do these divergences matter? With that in mind I approached the task of finding a reliable reversal model. On default, the indicator has a moving average that measures the past histogram (the formula of the three indicators) movement to identify when a high potential trend shift may happen. Keeping volatility in mind there is a feature called "Fixed Threshold" in settings. Various assets move at different speeds, so the indicator needs the ability to adjust to fit the assets speed. This "Threshold" option does not have a set of rules to use for each asset, the option is there though, so it may be adjusted by the analyst manually if the histogram moving average seems inaccurate due to volatility or lack thereof. In future publications (or possibly indicator updates) I plan on expanding on a fixed set of rules for various assets. This will take considerable time to research and backtest the various values needed for an asset's speed, so for now the default MA can be used until you are comfortable with adjusting the threshold level manually. The look-back period on the histogram and threshold MA can be adjusted to whichever time period you would like. However, the default 14 is typically what is best considering the inputs of the three underlying indicators. Analysis The indicator is actually quite simple to read. When the price spikes blue, there is a high probability of reversal, same goes for red but in the opposite fashion. Now as always, you should use this indicator as an analysis tool and not rely on it by itself. Many times Cryptocurrencies couldn't care less about strength or oversold/overbought and volume explodes out of nowhere, I highly recommend you use price action in addition to Alpha: Exhaustion and Alpha: Volume with this tool. Oh wait, Alpha: Volume is not out yet.... SOON. :) Point is, use proper analysis techniques with this indicator, nothing is perfect. NOTHING. But the Alpha: Reversal is a great tool to use for not only the beginner trader, but the advanced also. There is a ton of ways to use this indicator beyond the high probability reversal areas, I am discovering some really neat patterns within my new formula that I plan on expanding on in future publications, i.e. dead cat bounces and relief candles plus a few more. Conclusion The Alpha: Reversal is a great analysis tool that I now use on all my charts, as time goes on I plan on holding classes for its users on a regular basis to expand on the various techniques that can be implemented in addition to publishing research relevant to its purpose. Access to the indicator can be purchased on my site www.thetradingwizard.com with either a monthly option for this & the Alpha: Exhaustion (), or a lifetime subscription independently. All updates and changes will be done automatically and included for every user. The Alpha series is designed to help you make your analysis easier to comprehend and more accurate, I really think this one will be enjoyed by many for years to come, I have enjoyed designing and using this immensely. As always, please make your own decisions when trading and use proper analysis techniques. Note: The options within the Alpha: Reversal allow the indicator to be used on any timeframe & any asset. As with any indicator, the higher the timeframe, the higher the accuracy. Disclaimer Nothing in this post is to be used or construed as financial advice. This post is meant as an educational post to explain the functions of the indicator.
Penunjuk Pine Script®
oleh Nick_Core
23
PivotBoss Wick Reversal SetupPATTERN SUMMARY 1. The body is used to determine the size oftlle reversal wick. A wick tllat is between 2.5 to 3.5 times larger than the size of the body is ideal. 2. For a bullish reversal wick to exist, tlle close ofthe bar should fall witllin tlle top 35 percent of the overall range of the candle. 3. For a bearish reversal wick to exist, the close of the bar should fall within the bottom 35 percent of the overall range of the candle. PATTERN PSYCHOLOGY Figure 2-4 shows several types of bullish and bearish reversal wick candlesticks that can all signal profitable reversal opportunities in the market, especially if these patterns are paired with key pivot levels. In traditional candlestick jargon, these particular candlesticks would have names ranging from hammer , hanging man, inverted hammer , shooting star , gravestone doji , or dragonfly doji , depending on where the candle is placed in a trend. Now you can see why I simply call these candlesticks wicks, or even tails. Instead of fumbling over the proper naming of these candlesticks , I believe it is more important to know what these patterns represent. What are they telling you? Types of Candlestick Reversal Wicks When the market has been trending lower then suddenly forms a reversal wick candlestick , the likelihood of a reversal increases since buyers have finally begun to overwhelm the sellers. Selling pressure rules the decline, but responsive buyers entered the market due to perceived undervaluation. For the reversal wick to open near the high of the candle, sell off sharply intra-bar, and then rally back toward the open of the candle is bullish , as it signifies that the bears no longer have control since they were not able to extend the decline of the candle, or the trend. Instead, the bulls were able to rally price from the lows of the candle and close the bar near the top of its range, which is bullish - at least for one bar, which hadn't been the case during the bearish trend (see Figure 2.5). The Stages of a Reversal Wick Stage 1 Stage 2 Stage 3 Essentially, when a reversal wick forms at the extreme of a trend, the market is telling you that the trend either has stalled or is on the verge of a reversal. Remember, the market auctions higher in search of sellers, and lower in search of buyers. When the market over-extends itself in search of market participants, it will find itself out of value, which means responsive market participants will look to enter the market to push price back toward an area of perceived value. This will help price find a value area for two-sided trade to take place. When the market finds itself too far out of value, responsive market participants will sometimes enter the market with force, which aggressively pushes price in the opposite direction, essentially forming reversal wick candlesticks . This pattern is perhaps the most telling and common reversal setup, but requires steadfast confirmation in order to capitalize on its power. Understanding the psychology behind these formations and learning to identify them quickly will allow you to enter positions well ahead of the crowd, especially if you've spotted these patterns at potentially overvalued or undervalued areas.
Penunjuk Pine Script®
oleh ParCorn
3
Three-Bar Reversal/ContinuationThis indicator identifies a three-bar expansion pattern based on range and volume, designed to highlight moments when the market pushes strongly, pauses, and then resumes with confirmation. Detection Logic * Bar (two bars ago) must show sufficient strength, determined by the number of conditions met. * Bar (one bar ago) must be neutral (strength = 0), marking a brief pause. *Bar (current bar) must continue the expansion, with range and volume greater than the prior bar. (Bar is used as a safeguard to prevent repeated detection during ongoing strong moves) Strength Scoring Each bar is scored 0–3 based on which of the following conditions it satisfies: * Range exceeds a multiple of the recent average * Volume exceeds a multiple of the recent average * Range × volume exceeds a multiple of the recent average The detection level input controls how many of these conditions must hold to classify a bar as “strong.” This allows tuning from permissive (1 condition) to strict (all 3 conditions). Parameters & Utility * length: Lookback period for moving averages of span, volume, and span×volume. Larger values smooth the averages, reducing false positives; smaller values increase sensitivity. * coeff: Multiplicative threshold to define an unusually strong bar. Higher values reduce frequency but increase reliability. * detectLevel: Minimum number of conditions that must be met for a bar to count as “strong.” * showCont: Whether to allow continuation signals away from local extrema (if false, only reversals near highs/lows are considered). * symbolUp / symbolDown: Customizable plotting symbols for bullish/bearish signals. * showStrength: Plots tiny dots indicating the strength of each bar (1–3). Rationale This structure captures a recurring market motif: strong push → brief pause → renewed push, where the renewed activity is confirmed by both price expansion and volume. Using a combination of statistical thresholds (range, volume, range×volume) and price structure ensures that signals are both measurable and visually interpretable. Usage Notes * This setup allows traders to visually or systematically identify potential reversal or continuation points while controlling sensitivity to noise. * Designed as a mechanical filter rather than a fully automated trading system. Signals highlight notable activity but do not dictate entry, exit, or risk management. * Works best when combined with trend/context filters or higher-timeframe analysis. * Adjust the parameters based on the volatility of the instrument and timeframe.
Penunjuk Pine Script®
oleh abuzka
Pivot Zone Reversal SignalsThe Pivot Zone Reversal Signals indicator is a technical analysis tool designed to highlight high-potential market turning points by combining pivot detection, RSI momentum filtering, and volume surge confirmation. It automatically identifies and marks significant swing highs and lows (pivots) on the chart, then issues "REV BUY" or "REV SELL" labels whenever price reverses from these levels—only when supported by overbought/oversold RSI and an above-average volume spike. This multi-layered approach sharply increases the reliability of reversal signals, helping traders spot key entries and exits right as momentum shifts and liquidity surges. The PZRS indicator is ideal for catching bounces, market tops/bottoms, and filtering out weak reversals for confident, actionable trade decisions.
Penunjuk Pine Script®
oleh Quantel_io
Reverse RSI Signals [AlgoAlpha]🟠 OVERVIEW This script introduces the Reverse RSI Signals system, an original approach that inverts traditional RSI values back into price levels and then overlays them directly on the chart as dynamic bands. Instead of showing RSI in a subwindow, the script calculates the exact price thresholds that correspond to common RSI levels (30/70/50) and displays them as upper, lower, and midline bands. These are further enhanced with an adaptive Supertrend filter and divergence detection, allowing traders to see overbought/oversold zones translated into actionable price ranges and trend signals. The script combines concepts of RSI inversion, volatility envelopes, and divergence tracking to provide a context-driven tool for spotting reversals and regime shifts. 🟠 CONCEPTS The script relies on inverting RSI math: by solving for the price that would yield a given RSI level, it generates real chart levels tied to oscillator conditions. These RSI-derived price bands act like support/resistance, adapting each bar as RSI changes. On top of this, a Supertrend built around the RSI midline introduces directional bias, switching regimes when the midline is breached. Regular bullish and bearish divergences are detected by comparing RSI pivots against price pivots, highlighting early reversal conditions. This layered approach means the indicator is not just RSI on price but a hybrid of oscillator translation, volatility-tracking midline envelopes, and divergence analysis. 🟠 FEATURES Inverted RSI bands: upper (70), lower (30), and midline (50), smoothed with EMA for noise reduction. Supertrend overlay on the RSI midline to confirm regime direction (bullish or bearish). Gradient-filled zones between outer and inner RSI bands to visualize proximity and exhaustion. Non-repainting bullish and bearish divergence markers plotted directly on chart highs/lows. 🟠 USAGE Apply the indicator to any chart and use the plotted RSI price bands as adaptive support/resistance. The midline defines equilibrium, while upper and lower bands represent classic RSI thresholds translated into real price action. In bullish regimes (green candles), long trades are stronger when price approaches or bounces from the lower band; in bearish regimes (red candles), shorts are favored near the upper band. Divergence markers (▲ for bullish, ▼ for bearish) flag potential reversal points early. Traders can combine the band proximity, divergence alerts, and Supertrend context to time entries, exits, or to refine ongoing trend trades. Adjust smoothing and Supertrend ATR settings to match the volatility of the instrument being analyzed.
Penunjuk Pine Script®
oleh AlgoAlpha
15
SAR Oscillator [Bellsz]Converts Parabolic SAR into a normalized oscillator with crossover signals, gradient fills, and trend strength levels. A cleaner way to read SAR momentum. Making it easier to read momentum shifts, trend strength, and reversals directly in the sub-chart. Instead of dots on price only, this tool converts SAR dynamics into a smooth oscillator that highlights bias and turning points. What it shows Normalized Price Line — scaled view of price relative to SAR. Normalized SAR Line — SAR value normalized across the high/low range. SAR Dots — visual cue when crossovers occur (potential reversal or trend acceleration). Gradient Fill — color-coded background for quick read of momentum direction/intensity. Guide Levels — ±50 baseline to track trend strength and overextension. Why use it Converts SAR into an oscillator format, easier to compare across instruments & timeframes. Highlights momentum shifts early (crossovers, gradient flips). Adds structure with gradient fill and baselines, making SAR more actionable than standard dot plots. Works as a trend bias filter or confirmation tool alongside other indicators. Inputs Acceleration / Increment / Maximum — adjust SAR sensitivity. Custom Colors — choose your scheme for price, SAR, and gradients. Best practices Use on intraday or swing TFs as a trend bias filter. Look for Normalized Price crossing Normalized SAR as potential entry signals. Watch how SAR dots cluster near ±100 for exhaustion or reversal signals. Notes This is a visual enhancement of SAR; it does not repaint. Combine with volume, FVGs, or session models for added context.
Penunjuk Pine Script®
oleh Bellsz999
VRD-5: Volume Reversal Detector (5 Bars)Overview This Pine Script indicator detects potential trend reversals based on volume patterns over a 5-bar period. It identifies accumulation (bullish) and distribution (bearish) patterns using volume analysis combined with price action. Key Features Volume Analysis: Compares current volume to a 34-period SMA Identifies strong/weak volume using configurable thresholds Calculates volume "energy" as a 5-bar average ratio Pattern Detection: Bearish Signal: Looks for decreasing volume after a strong volume bar Bullish Signal: Looks for increasing volume after weak volume bars Visualization: Colored volume histogram (bullish/bearish/neutral) SMA volume line Labels for detected signals Customization Options: Adjustable lookback period (3-10 bars) Configurable thresholds for volume strength Strict mode requiring confirming price action Suggested Improvements Performance Optimization: Reduce the max_labels_count (currently 500) to improve performance Consider using barstate.isconfirmed for more efficient calculations Enhanced Visualization: Add arrows on price chart for better visibility Include a background color highlight for signal periods Add option to display the energy level as a separate line Additional Features: Incorporate RSI or MACD for confirmation Add multi-timeframe analysis capability Include a strategy version for backtesting Code Structure: Separate the logic into distinct functions for better readability Add more detailed comments for complex calculations Consider using varip for real-time updates if needed User Experience: Add input options for label text size/position Include sound options for alerts Add a toggle for the information table This indicator provides a solid foundation for volume-based reversal detection that could be further enhanced with these improvements while maintaining its core functionality.
Penunjuk Pine Script®
oleh mjarry8123
SM Trap Detector – Liquidity Sweeps & Institutional ReversalsOverview: This script is designed to help traders detect Smart Money traps, liquidity grabs, and false breakouts with high precision. Inspired by institutional trading logic (SMC, ICT, Wyckoff), this tool combines: 🟦 Liquidity Zone Mapping – Detects stop hunt targets near highs/lows 🚨 Trap Candle Detection – Identifies fakeouts using wick + volume logic ✅ Reversal Confirmation – Entry signals based on real market structure 🧭 Dashboard Panel – Always see the last trap type, price, and confirmation 🔔 Real-Time Alerts – Stay notified of traps and entry points 🧠 Logic Breakdown: Trap Candle = Large wick, small body, volume spike, and sweep of a liquidity zone Confirmed Entry = Reversal price action following the trap (engulfing-style) 📈 Best Used On: Markets: Crypto, Forex, Stocks Timeframes: No limitation but works best on 1H, 4H, Daily 🛠 Suggested Use: Trade only confirmed entries for best results Place stops beyond wick highs/lows Target previous structure or use RR-based exits 📊 Backtest Tip: Use alerts + replay mode to manually validate past traps. Note: Please backtest before using it for entry.
Penunjuk Pine Script®
oleh friendlyRox
1
Combined Breakout Bands & KNN Trend Signal with Reversalsombined Breakout Bands & KNN Trend Signal – Brief Description This custom TradingView indicator overlays two complementary systems—a Kalman-filtered breakout band and a K-Nearest-Neighbors (KNN) trend filter—and only flags directional moves when both agree. Green or red trend lines and band fills show the combined direction, while up/down triangles mark confirmed bullish or bearish breaks. Additionally, large circles highlight reversal points, triggering when the combined signal flips from bearish to bullish (long reversal) or bullish to bearish (short reversal). All smoothing, band width, and KNN parameters are fully adjustable via the input panel, giving you precise control over responsiveness and noise-rejection.
Penunjuk Pine Script®
oleh femiokelolamis
HA Reversal StrategyCertainly! Here's a detailed **description (elaboration)** for the **"HA Candle Test"** (i.e., the Heikin Ashi strategy script I just gave you): --- ### 📌 **Script Name**: HA Candle Test ### 📖 **Description**: This script visualizes **Heikin Ashi candles** and identifies **trend reversal signals** using classic momentum candle behavior — particularly the appearance of **no-wick candles**, which are known to reflect strong directional pressure in Heikin Ashi charts. It aims to **capture high-probability trend reversals** with minimal noise, relying on the natural smoothing behavior of Heikin Ashi candles. --- ### ✅ **Buy Signal Conditions**: * At least **two consecutive red Heikin Ashi candles** (indicating a short-term downtrend). * Followed by a **green Heikin Ashi candle** that has **no lower wick** (i.e., open == low). * This suggests that **buyers have taken full control**, with no push from sellers — a potential start of an uptrend. 📍 **Interpreted as**: “Market was selling off, but now buyers stepped in strongly — time to consider buying.” --- ### ✅ **Sell Signal Conditions**: * At least **two consecutive green Heikin Ashi candles** (short-term uptrend). * Followed by a **red Heikin Ashi candle** that has **no upper wick** (i.e., open == high). * This implies **sellers are dominating**, with no attempt from buyers to push higher — possible start of a downtrend. 📍 **Interpreted as**: “Market was rallying, but sellers just took over decisively — time to consider selling.” --- ### 📊 **Visual Aids Included**: * Plots **Heikin Ashi candles** on your main chart for clarity. * Uses **Buy** and **Sell** label markers (green & red) at signal points. * Compatible with any timeframe — higher timeframes typically yield stronger signals. --- ### 💡 **Suggested Use**: * Combine with **support/resistance**, **volume**, or **trend filters** for more robust setups. * Works well on **1H, 4H, and Daily charts** in trending markets. * Can be used manually or turned into an automated strategy for backtesting or alerts. --- Would you like this script packaged as a **strategy()** for backtesting, or would you like me to add **alerts** so you can get notified in real-time when signals appear?
Penunjuk Pine Script®
oleh HermioneGranger96