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Reversal Detection v3.0 - Real-Time Pro (Non-Repainting)Here is a **professional, public-friendly description** you can use for TradingView or any indicator marketplace: --- ### 🔁 Reversal Detection v3.0 – Real-Time Pro (Non-Repainting) **Reversal Detection v3.0 – Real-Time Pro** is an advanced price-action–based indicator designed to identify **high-probability market reversals in real time**. Built with a **100% non-repainting logic**, this tool delivers reliable signals that remain fixed once printed, making it suitable for both **live trading and back-testing**. This indicator continuously analyzes **market structure, momentum behavior, and exhaustion zones** to detect potential trend changes at key price levels. It helps traders catch **early reversals** while avoiding late entries and false breakouts. --- ### 🚀 Key Features ✔ **Real-Time Reversal Signals** Signals are generated instantly as market conditions form — no delay, no future repainting. ✔ **Non-Repainting Technology** Once a signal appears, it will never disappear or change, ensuring full transparency and trust. ✔ **Trend Exhaustion Detection** Identifies weakening trends and potential turning points before major reversals occur. ✔ **Works on All Timeframes** Scalping, intraday, swing, or positional trading — fully compatible with **all markets and timeframes**. ✔ **Multi-Market Support** Suitable for **Forex, Crypto, Stocks, Indices, and Commodities**. ✔ **Clean & Easy-to-Read Signals** Minimal chart clutter with clear visual markers for bullish and bearish reversals. --- ### 📈 Best Use Cases • Trend reversal entries • Market top and bottom identification • Confluence with support & resistance • Confirmation tool with RSI, MACD, or moving averages • High-accuracy entries near key zones --- ### ⚠ Disclaimer This indicator is a **technical analysis tool**, not financial advice. Always apply proper **risk management** and confirm signals with market structure and volume. --- If you want, I can also: * Shorten this for **TradingView public script** * Rewrite in **simple Hinglish** * Create **promo text**, **tooltips**, or **user instructions** Just tell me 👍
Penunjuk Pine Script®
oleh dknavik993000
6
Reversal Point Dynamics⇋ Reversal Point Dynamics (RPD) This is not an indicator; it is a complete system for deconstructing the mechanics of a market reversal. Reversal Point Dynamics (RPD) moves far beyond simplistic pattern recognition, venturing into a deep analysis of the underlying forces that cause trends to exhaust, pause, and turn. It is engineered from the ground up to identify high-probability reversal points by quantifying the confluence of market dynamics in real-time. Where other tools provide a static signal, RPD delivers a dynamic probability. It understands that a true market turning point is not a single event, but a cascade of failing momentum, structural breakdown, and a shift in market order. RPD's core engine meticulously analyzes each of these dynamic components—the market's underlying state, its velocity and acceleration, its degree of chaos (entropy), and its structural framework. These forces are synthesized into a single, unified Probability Score, offering you an unprecedented, transparent view into the conviction behind every potential reversal. This is not a "black box" system. It is an open-architecture engine designed to empower the discerning trader. Featuring real-time signal projection, an integrated Fibonacci R2R Target Engine, and a comprehensive dashboard that acts as your Dynamics Control Center , RPD gives you a complete, holistic view of the market's state. The Theoretical Core: Deconstructing Market Dynamics RPD's analytical power is born from the intelligent synthesis of multiple, distinct theoretical models. Each pillar of the engine analyzes a different facet of market behavior. The convergence of these analyses—the "Singularity" event referenced in the dashboard—is what generates the final, high-conviction probability score. 1. Pillar One: Quantum State Analysis (QSA) This is the foundational analysis of the market's current state within its recent context. Instead of treating price as a random walk, QSA quantizes it into a finite number of discrete "states." Formulaic Concept: The engine establishes a price range using the highest high and lowest low over the Adaptive Analysis Period. This range is then divided into a user-defined number of Analysis Levels. The current price is mapped to one of these states (e.g., in a 9-level system, State 0 is the absolute low, and State 8 is the absolute high). Analytical Edge: This acts as a powerful foundational filter. The engine will only begin searching for reversal signals when the market has reached a statistically stretched, extreme state (e.g., State 0 or 8). The Edge Sensitivity input allows you to control exactly how close to this extreme edge the price must be, ensuring you are trading from points of maximum potential exhaustion. 2. Pillar Two: Price State Roc (PSR) - The Dynamics of Momentum This pillar analyzes the kinetic forces of the market: its velocity and acceleration. It understands that it’s not just where the price is, but how it got there that matters. Formulaic Concept: The psr function calculates two derivatives of price. Velocity: (price - price ). This measures the speed and direction of the current move. Acceleration: (velocity - velocity ). This measures the rate of change in that speed. A negative acceleration (deceleration) during a strong rally is a critical pre-reversal warning, indicating momentum is fading even as price may be pushing higher. Analytical Edge: The engine specifically hunts for exhaustion patterns where momentum is clearly decelerating as price reaches an extreme state. This is the mechanical signature of a weakening trend. 3. Pillar Three: Market Entropy Analysis - The Dynamics of Order & Chaos This is RPD's chaos filter, a concept borrowed from information theory. Entropy measures the degree of randomness or disorder in the market's price action. Formulaic Concept: The calculateEntropy function analyzes recent price changes. A market moving directionally and smoothly has low entropy (high order). A market chopping back and forth without direction has high entropy (high chaos). The value is normalized between 0 and 1. Analytical Edge: The most reliable trades occur in low-entropy, ordered environments. RPD uses the Entropy Threshold to disqualify signals that attempt to form in chaotic, unpredictable conditions, providing a powerful shield against whipsaw markets. 4. Pillar Four: The Synthesis Engine & Probability Calculation This is where all the dynamic forces converge. The final probability score is a weighted calculation that heavily rewards confluence. Formulaic Concept: The calculateProbability function intelligently assembles the final score: A Base Score is established from trend strength and entropy. An Entropy Score adds points for low entropy (order) and subtracts for high entropy (chaos). A significant Divergence Bonus is awarded for a classic momentum divergence. RSI & Volume Bonuses are added if momentum oscillators are in extreme territory or a volume spike confirms institutional interest. MTF & Adaptive Bonuses add further weight for alignment with higher timeframe structure. Analytical Edge: A signal backed by multiple dynamic forces (e.g., extreme state + decelerating momentum + low entropy + volume spike) will receive an exponentially higher probability score. This is the very essence of analyzing reversal point dynamics. The Command Center: Mastering the Inputs Every input is a precise lever of control, allowing you to fine-tune the RPD engine to your exact trading style, market, and timeframe. 🧠 Core Algorithm Predictive Mode (Early Detection): What It Is: Enables the engine to search for potential reversals on the current, unclosed bar. How It Works: Analyzes intra-bar acceleration and state to identify developing exhaustion. These signals are marked with a ' ? ' and are tentative. How To Use It: Enable for scalping or very aggressive day trading to get the earliest possible indication. Disable for swing trading or a more conservative approach that waits for full bar confirmation. Live Signal Mode (Current Bar): What It Is: A highly aggressive mode that plots tentative signals with a ' ! ' on the live bar based on projected price and momentum. These signals repaint intra-bar. How It Works: Uses a linear regression projection of the close to anticipate a reversal. How To Use It: For advanced users who use intra-bar dynamics for execution and understand the nature of repainting signals. Adaptive Analysis Period: What It Is: The main lookback period for the QSA, PSR, and Entropy calculations. This is the engine's "memory." How It Works: A shorter period makes the engine highly sensitive to local price swings. A longer period makes it focus only on major, significant market structure. How To Use It: Scalping (1-5m): 15-25. Day Trading (15m-1H): 25-40. Swing Trading (4H+): 40-60. Fractal Strength (Bars): What It Is: Defines the strength of the pivot detection used for confirming reversal events. How It Works: A value of '2' requires a candle's high/low to be more extreme than the two bars to its left and right. How To Use It: '2' is a robust standard. Increase to '3' for an even stricter definition of a structural pivot, which will result in fewer signals. MTF Multiplier: What It Is: Integrates pivot data from a higher timeframe for confluence. How It Works: A multiplier of '4' on a 15-minute chart will pull pivot data from the 1-hour chart (15 * 4 = 60m). How To Use It: Set to a multiple that corresponds to your preferred higher timeframe for contextual analysis. 🎯 Signal Settings Min Probability %: What It Is: Your master quality filter. A signal is only plotted if its score exceeds this threshold. How It Works: Directly filters the output of the final probability calculation. How To Use It: High-Quality (80-95): For A+ setups only. Balanced (65-75): For day trading. Aggressive (50-60): For scalping. Min Signal Distance (Bars): What It Is: A noise filter that prevents signals from clustering in choppy conditions. How It Works: Enforces a "cooldown" period of N bars after a signal. How To Use It: Increase in ranging markets to focus on major swings. Decrease on lower timeframes. Entropy Threshold: What It Is: Your "chaos shield." Sets the maximum allowable market randomness for a signal. How It Works: If calculated entropy is above this value, the signal is invalidated. How To Use It: Lower values (0.1-0.5): Extremely strict. Higher values (0.7-1.0): More lenient. 0.85 is a good balance. Adaptive Entropy & Aggressive Mode: What It Is: Toggles for dynamically adjusting the engine's core parameters. How It Works: Adaptive Entropy can slightly lower the required probability in strong trends. Aggressive Mode uses more lenient settings across the board. How To Use It: Keep Adaptive on. Use Aggressive Mode sparingly, primarily for scalping highly volatile assets. 📊 State Analysis Analysis Levels: What It Is: The number of discrete "states" for the QSA. How It Works: More levels create a finer-grained analysis of price location. How To Use It: 6-7 levels are ideal. Increasing to 9 can provide more precision on very volatile assets. Edge Sensitivity: What It Is: Defines how close to the absolute top/bottom of the range price must be. How It Works: '0' means price must be in the absolute highest/lowest state. '3' allows a signal within the top/bottom 3 states. How To Use It: '3' provides a good balance. Lower it to '1' or '0' if you only want to trade extreme exhaustion. The Dashboard: Your Dynamics Control Center The dashboard provides a transparent, real-time view into the engine's brain. Use it to understand the context behind every signal and to gauge the current market environment at a glance. 🎯 UNIFIED PROB SCORE TOTAL SCORE: The highest probability score (either Peak or Valley) the engine is currently calculating. This is your main at-a-glance conviction metric. The "Singularity" header refers to the event where market dynamics align—the event RPD is built to detect. Quality: A human-readable interpretation of the Total Score. "EXCEPTIONAL" (🌟) is a rare, A+ confluence event. "STRONG" (💪) is a high-quality, tradable setup. 📊 ORDER FLOW & COMPONENT ANALYSIS Volume Spike: Shows if the current volume is significantly higher than average (YES/NO). A 'YES' adds major confirmation. Peak/Valley Conf: This breaks down the probability score into its directional components, showing you the separate confidence levels for a potential top (Peak) versus a bottom (Valley). 🌌 MARKET STRUCTURE HTF Trend: Shows the direction of the underlying trend based on a Supertrend calculation. Entropy: The current market chaos reading. "🔥 LOW" is an ideal, ordered state for trading. "😴 HIGH" is a warning of choppy, unpredictable conditions. 🔮 FIB & R2R ZONE (Large Dashboard) This section gives you the status of the Fibonacci Target Engine. It shows if an Active Channel (entry zone) or Stop Zone (invalidation zone) is active and displays the precise price levels for the static entry, target, and stop calculated at the time of the signal. 🛡️ FILTERS & PREDICTIVES (Large Dashboard) This panel provides a status check on all the bonus filters. It shows the current RSI Status, whether a Divergence is present, and if a Live Pending signal is forming. The Visual Interface: A Symphony of Data Every visual element is designed for instant, intuitive interpretation of market dynamics. Signal Markers: These are the primary outputs of the engine. ▼/▲ b: A fully confirmed signal that has passed all filters. ? b: A tentative signal generated in Predictive Mode, indicating developing dynamics. ◈ b: This diamond icon replaces the standard triangle when the signal is confirmed by a strong momentum divergence, highlighting it as a superior setup where dynamics are misaligned with price. Harmonic Wave: The flowing, colored wave around the price. What It Represents: The market's "flow dynamic" and volatility. How to Interpret It: Expanding waves show increasing volatility. The color is tied to the "Quantum Color" in your theme, representing the underlying energy field of the market. Entropy Particles: The small dots appearing above/below price. What They Represent: A direct visualization of the "order dynamic." How to Interpret Them: Their presence signifies a low-entropy, ordered state ideal for trading. Their color indicates the direction of momentum (PSR velocity). Their absence means the market is too chaotic (high entropy). The Fibonacci Target Engine: The dynamic R2R system appearing post-signal. Static Fib Levels: Colored horizontal lines representing the market's "structural dynamic." The Green "Active Channel" Box: Your zone of consideration. An area to manage a potential entry. Development Philosophy Reversal Point Dynamics was engineered to answer a fundamental question: can we objectively measure the forces behind a market turn? It is a synthesis of concepts from market microstructure, statistics, and information theory. The objective was never to create a "perfect" system, but to build a robust decision-support tool that provides a measurable, statistical edge by focusing on the principle of confluence. By demanding that multiple, independent market dynamics align simultaneously, RPD filters out the vast majority of market noise. It is designed for the trader who thinks in terms of probability and risk management, not in terms of certainties. It is a tool to help you discount the obvious and bet on the unexpected alignment of market forces. "Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected." — George Soros Trade with insight. Trade with anticipation. — Dskyz, for DAFE Trading Systems
Penunjuk Pine Script®
oleh DskyzInvestments
47
Reversal Knockout v1.1\ Reversal Knockout v1.1 — User Manual \ Reversal Knockout is a technical indicator designed to detect potential price turning points using a dual approach: a reversal logic with bar coloring and a combined sequence of setups, countdowns, and exhaustion patterns. \ What does this indicator do?\ \ Colors candles\ based on the relationship between two smoothed moving averages (T3). \ Identifies overextension conditions\ based on a sequence of 9 consecutive closes aligned with price direction. \ Confirms exhaustion\ if, after that setup, 13 follow-through conditions (countdown) are met. \ Highlights special signals called “Knockouts”\ , which represent strong potential reversal scenarios. \ Candle Coloring\ Candles are automatically colored to make trend and potential reversal points visually easier to interpret: 🔵 Bull Trend: User-defined color (default light blue) 🔴 Bear Trend: User-defined color (default light red) 🟡 Bullish Reversal: When price crosses below the slower average (default yellow) 🟡 Bearish Reversal: When price crosses above the slower average (default yellow) This logic is based on the relationship between two T3 moving averages (one fast, one slow), calculated with a customizable smoothing factor. \ Setup and Countdown Logic\ Setups (9): A bullish setup forms if the price closes below the close from 4 bars earlier for 9 consecutive candles. A bearish setup forms if the price closes above the close from 4 bars earlier for 9 consecutive candles. When the ninth close is completed, a green “9” (buy) or purple “9” (sell) is displayed. Countdowns (13): After a setup, a follow-through phase begins. If 13 additional conditions are met (price < low\ for buys or > high\ for sells), a purple “13” is shown, signaling potential exhaustion. \ Knockout: Explosive Reversal Potential\ The indicator also identifies special reversal patterns called \ Knockout\ . These signals appear when, in addition to a “9”, the price shows technical excess behavior near key support or resistance zones: Knockout ▲ (buy): Appears below the candle when a buy signal is detected with specific downside pressure conditions. Knockout ▼ (sell): Appears above the candle when a sell signal is detected with upside pressure conditions. These signals stand out as high-probability reversal opportunities. \ Usage Recommendations\ The indicator is designed to work on any timeframe, but it is recommended to use it alongside market structure and volume analysis. “Knockout” signals may be used as high-probability trend change alerts, especially after a “13”. Can be combined with momentum indicators and moving averages for greater effectiveness.
Penunjuk Pine Script®
oleh elpapadoctor
5
Reversal Zones [UAlgo]🔶Description: "Reversal Zones " aims to identify potential reversal zones in price movements. The indicator provides visual signals on the chart, indicating potential overbought and oversold conditions based on the calculated values. It offers traders insights into possible turning points in the market, aiding in decision-making processes regarding entry and exit points. 🔶Key Features: Bollinger Bands Percentile (BB Percentile): Bollinger Bands Percentile is utilized in this script to gauge the current price position relative to its recent volatility. By calculating the percentile rank of the current price within the Bollinger Bands, traders can identify extreme price levels. This assists in recognizing potential overbought or oversold conditions, where price may be due for a reversal. Choppiness Index (CI): The Choppiness Index is employed here to measure the market's trendiness or choppiness. By evaluating the efficiency of the price movement, CI helps traders determine whether the market is trending or consolidating. Commodity Channel Index (CCI): The Commodity Channel Index is integrated into this script to capture price momentum. CCI quantifies the relationship between the current price, a moving average, and standard deviation. Traders use CCI to identify overbought or oversold conditions and potential trend reversals. By averaging and smoothing these values, traders can obtain a clearer picture of potential turning points in the market. The final smoothed combination signal aims to reduce noise and provide more reliable insights. 🔶Disclaimer: Please note that this script is provided for informational and educational purposes only and should not be considered as financial advice. Trading in financial markets involves risk, and past performance is not necessarily indicative of future results. Users should conduct their own research and analysis or consult with a qualified financial advisor before making any investment decisions based on this indicator. The creators of this script are not liable for any losses incurred from trading activities.
Penunjuk Pine Script®
oleh UAlgo
2
Reversal Opportunity📌 Indicator Description – Reversal Opportunity 🎯 🔍 General Overview The Reversal Opportunity indicator is designed to identify ideal conditions for Reversal Trading, but it does not provide trade entry signals. Instead, it helps traders determine whether the market conditions are favorable for a potential reversal. It is specifically designed for traders who execute Reversal trades (Long or Short) and want a clear indication of whether the market is currently suitable for such setups. 💡 What does this indicator do? - Identifies strong momentum before a reversal (a sharp upward or downward move). - Detects momentum slowdown (decreasing volume and smaller candles). - Checks if the RSI is at an extreme level (above 70 or below 30), indicating potential overbought or oversold conditions. - Displays a table at the top center of the screen with the following key data: - Are the conditions for a reversal met? - Is there a slowdown in momentum? - Is RSI at an extreme level? - Was there strong uptrend momentum before a possible Short Reversal? - Was there strong downtrend momentum before a possible Long Reversal? ⚙️ How Does the Indicator Work? The indicator displays a table in the center of the screen, updating every 5 candles to indicate whether the market conditions are ideal for a reversal trade. 📊 Main Status Row: - ✔ Ideal Reversal Setup → Conditions for a reversal trade are met (not a trade recommendation). - ✖ Not Ideal → Reversal conditions are not met; it may be better to wait. 📌 Key Criteria Displayed in the Table: 1. ⚠️ Momentum Slowdown - Yes → Momentum is weakening (a good sign for reversal trades). - No → The market is still moving strongly, and a reversal might not be ready yet. 2. 📈 RSI Extreme - Yes → RSI is above 70 (overbought) or below 30 (oversold), indicating a potential reversal. - No → RSI is still in a normal range, suggesting that waiting for further confirmation might be wise. 3. 📊 Uptrend Momentum Before Reversal - Yes → There was a strong uptrend over multiple consecutive candles, potentially setting up for a Short Reversal. - No → No strong upward momentum was detected, meaning conditions for a Short Reversal may not be ideal. 4. 📉 Downtrend Momentum Before Reversal - Yes → There was a strong downtrend over multiple consecutive candles, potentially setting up for a Long Reversal. - No → No strong downward momentum was detected, meaning conditions for a Long Reversal may not be ideal. 🛠️ How to Use the Indicator? - If "✔ Ideal Reversal Setup" appears, there is a high probability of a market reversal – use your personal entry strategy for further confirmation. - If Momentum Slowdown = Yes, RSI Extreme = Yes, and strong momentum occurred beforehand, this is an ideal setup for a reversal trade. - If any conditions are missing ("No"), it may be better to wait for further confirmation instead of entering too early. - The indicator does NOT provide trade entries! Use your existing trading system for confirmation before entering a trade. 👥 Who Is This Indicator For? - Reversal traders (entering against the current trend after a strong move). - Intraday traders looking for reversal trades at extreme market levels. - Technical traders who rely on Price Action and Volume for trade setups. ⚠️ Disclaimer: This indicator does not recommend trade entries but provides insight into market conditions. The trader is responsible for risk management and decision-making. It is best used in combination with additional confirmations such as reversal candles, Order Flow, Bookmap, or Volume Profile to improve accuracy. 🚀 The indicator is ready to use – add it to TradingView and get instant feedback on whether the market is ideal for a Reversal trade!
Penunjuk Pine Script®
oleh aimandakwaradv
1
Reversal pickerIs a tool used to determine market reversals, this tool is built of RSI and Moving Averages. Main aim of this tool is to help make market analysis easier by catching market reversal zones and alerting traders and investors about the market reversing and whether they should buy or sell. What the tool do - The tool catches market reversals - The tool draw new support and resistance line for that period - The tool alert you whether to buy or sell How to use the tool - Sell below resistance line and buy above support line - The labels will guide you whether to buy or sell - By default a red line is a resistance line and a green line is a support line - By default a red label tells you to place a sell position and a green label tells you to place a buy position
Penunjuk Pine Script®
oleh UnknownUnicorn20990554
34
Reversal Detector [Scalping-Algo]Reversal Detector - Volume-Based Price Structure Analysis ─────────────────────────────────────────── WHAT IT DOES This indicator identifies potential reversal zones by analyzing price structure combined with volume. Instead of using traditional overbought/oversold readings or single candlestick patterns, it looks for a specific two-phase setup: Phase 1 - Anchor Detection: The script scans for bars where price closes beyond ALL previous bars in the lookback period. For a bullish setup, the close must be lower than every low of the past N candles (default 20). This represents an extreme extension, not just a "lower low." Volume on this bar should exceed 2x the average to confirm real participation. Phase 2 - Confirmation: After an anchor forms, the indicator waits for price to reverse back through the anchor bar's range. This must occur within a set number of bars (default 3). If price continues making new extremes instead, the setup is cancelled. ──────────────────────────────────────────────────────────────── HOW TO READ THE SIGNALS B Labels (Green, below price) = Bullish reversal confirmed S Labels (Red, above price) = Bearish reversal confirmed Each signal shows a score from 3/5 to 5/5: - 3/5 = Basic confirmation met - 4/5 = Good volume on anchor or confirmation - 5/5 = Strong volume + aligned with 200 EMA trend Dashed Boxes = Pending setup waiting for confirmation - Green box = Bullish setup in progress - Red box = Bearish setup in progress Status Panel (bottom right): - Shows current state (Scanning / Bull Setup / Bear Setup) - Countdown for confirmation window - Current volume condition ──────────────────────────────────────────────────────────────── HOW TO USE Entry Approach: 1. Wait for a confirmed signal (B or S label appears) 2. Higher scores (4/5 or 5/5) indicate better quality setups 3. Consider the overall trend context - signals aligned with the 200 EMA direction tend to work better Stop Placement: - For long entries: below the anchor bar's low - For short entries: above the anchor bar's high The boxes show you the anchor zone while waiting for confirmation, which can help visualize the invalidation level. ──────────────────────────────────────────────────────────────── SETTINGS Structure Settings: - Lookback Period (default 20): How many bars back to check for the breakout. Lower = more setups but less extreme. Higher = fewer but more significant extensions. - Confirmation Bars (default 3): Maximum bars allowed for price to reverse. Tighter window = stricter filter. Volume Settings: - Use Volume Filter: Toggle volume requirement on/off - Volume MA Length (default 20): Period for average volume calculation - Anchor Volume Multiple (default 2.0): Required volume spike on anchor bar - Confirm Volume Multiple (default 1.2): Volume threshold on confirmation bar Visual Settings: - Trend EMA Length (default 200): Used for trend alignment scoring - Show Pending Setups: Display the dashed boxes for active setups - Show Status Panel: Display the info table - Colors and label size customization ──────────────────────────────────────────────────────────────── WHAT MAKES THIS DIFFERENT The core idea is requiring price to break beyond EVERY bar in the lookback range, not just make a swing high/low. This filters out minor pullbacks and focuses on genuine extensions where price has moved significantly. The two-phase approach (anchor then confirmation) helps avoid catching falling knives - you're not entering just because price is extended, but waiting for actual reversal evidence. Volume integration adds another layer. The anchor bar needs elevated volume to confirm real selling/buying pressure, not just a gap or illiquid move. ──────────────────────────────────────────────────────────────── SUGGESTED USE Works on any timeframe, but I find it most useful on 5-15 minute charts for intraday setups. Combine with: - Key support/resistance levels - Higher timeframe trend direction - Market context (avoid during major news) The indicator identifies the pattern mechanically - it doesn't predict outcomes. Use proper position sizing and always have a stop loss plan. ──────────────────────────────────────────────────────────────── ALERTS INCLUDED - Bullish Reversal - Bearish Reversal - Any Reversal - Strong Bullish (4/5 or higher) - Strong Bearish (4/5 or higher) ────────────────────────────────────────────────────────────────
Penunjuk Pine Script®
oleh A1TradingHub
Reversal RadarReversal Radar Unified exhaustion detection across 5 distinct reversal patterns — see confluence at a glance. What It Does Reversal Radar consolidates 5 independent reversal detection algorithms into a single indicator with a stacked diamond visualization. When any detector fires, you see a vertical stack of diamonds — colored diamonds show which specific patterns triggered, ghost (white) diamonds show which didn't. More colored diamonds = stronger confluence = higher conviction setup. The 5 Detectors Diamond Detector What It Finds 🔴 Red Liquidity Trap Pivot reversal with wick rejection, liquidity sweep, and momentum trap (fading trapped traders) 🟠 Orange Structural Divergence Pivot at new extreme with RSI divergence against major structure 🔵 Light Blue Band Rejection Full candle body outside Bollinger Bands with rejection wick 🟢 Green Panic Snap 5-bar waterfall (consecutive lower lows) snapping back during VIX spike — Long only 🟣 Purple Capitulation Engulf Bullish engulfing at lower BB with steep band decline during elevated VIX — Long only How To Read It Long Signals (below bar): 5-diamond stack • Bottom to top: Liquidity Trap → Structural Divergence → Band Rejection → Panic Snap → Capitulation Engulf Short Signals (above bar): 3-diamond stack • Bottom to top: Band Rejection → Structural Divergence → Liquidity Trap Ghost diamonds (faded white) = that detector did NOT fire Colored diamonds = that detector fired Colors are consistent between long and short — same detector = same color regardless of direction. Key Features • Confluence visualization — instantly see how many independent patterns agree • No parameter tweaking — all detector settings are pre-tuned and hardcoded • VIX-aware — the two "capitulation" detectors (Panic Snap, Capitulation Engulf) only fire during elevated VIX conditions • Session filtering — built-in BOD/EOD blocking to avoid noisy open/close periods • MTF Bias Table — optional multi-timeframe trend bias display (5m/15m/1H/4H/D) • Detector Legend — on-chart reference showing what each color means (adjustable size and position) • Bollinger Bands — optional BB overlay display Settings Module Toggles — Enable/disable each of the 5 detectors independently: • Enable Liquidity Trap • Enable Structural Divergence • Enable Band Rejection • Enable Panic Snap (Long Only) • Enable Capitulation Engulf (Long Only) Session Blocking — Define trading session and minutes to block at open/close Display — Toggle Bollinger Bands, MTF Bias Table position Legend — Toggle detector legend, adjust position and text size (tiny/small/normal) Best Used For • Identifying high-probability reversal zones where multiple exhaustion signatures align • Filtering out weak signals (single detector) vs strong setups (2-3+ detectors) • Spotting capitulation bottoms during VIX spikes (Panic Snap + Capitulation Engulf) • Mean reversion plays at Bollinger Band extremes Notes • This indicator is designed for intraday reversal trading on liquid instruments (SPY, QQQ, ES, NQ, etc.) • The VIX-gated detectors (Panic Snap, Capitulation Engulf) are long-only by design — they're specifically tuned for capitulation bottoms • Works best on 3m-15m timeframes • All detector parameters are locked to tested values — this is intentional to keep the indicator simple and consistent "When multiple exhaustion patterns converge, the market is telling you something."
Penunjuk Pine Script®
oleh DashingBixby
Reversal Candlestick PatternsReversal Candlestick Patterns Reversal Candlestick Patterns is an indicator designed to detect classic candlestick reversal patterns with additional market context filtering. The indicator identifies ten well-known reversal candlestick patterns and displays them directly on the chart as visual blocks. Each pattern is detected using its own logic, based on candle structure, position relative to local extremes, and the direction of the current trend. Bullish patterns: > Bullish Engulfing > Morning Star > Hammer > Inverted Hammer > Three White Soldiers Bearish patterns: > Bearish Engulfing > Evening Star > Hanging Man > Shooting Star > Three Black Crows Pattern configuration Detection of each individual pattern, its short name displayed on the chart, and the color of the highlighting block can be configured separately in the first two settings groups: Bullish Patterns and Bearish Patterns . This allows you to fully customize which patterns are used, how they are labeled, and how they are visually represented. Trend filtering The indicator includes an optional trend filter based on two Simple Moving Averages. It is enabled using the Check Trend setting. The Trend Detection Length parameter is used simultaneously for several calculations: > Length of the fast moving average > Half of the slow moving average length > Number of consecutive bars required to confirm trend direction This approach helps filter out reversal patterns that form against a well-established trend. External filters The indicator supports external confirmation filters for bullish and bearish patterns. External filter settings are located in the External Filters group. For each filter, you can specify the value of an external indicator that must be met for a pattern to be confirmed. This allows flexible integration with oscillators, volume-based indicators, or custom scripts. Visualization settings Visualization settings control: > Pattern name display > Text size > Block fill transparency These settings affect only the visual presentation and do not influence the detection logic. Alerts The indicator provides two types of alerts: 1. Global alert for any detected pattern. Created by selecting “Any alert() function call” when setting up an alert. 2. Dedicated alert conditions for: > Each individual pattern > Any bullish pattern > Any bearish pattern Please note: if detection of a specific pattern is disabled in the settings, alerts for that pattern will not trigger. Important note Candlestick patterns should not be used as standalone trading signals. This indicator is intended to be used as part of a broader analysis, together with trend structure, key levels, volume, and other analytical tools.
Penunjuk Pine Script®
oleh Pechka_Rider
4
Reversal Strength with Momentum Ratings on 4hr charts Here's a quick breakdown of what you'll see on your chart and how to actually use the indicator! Reversal Labels: ↑ = Bullish reversal (price reversing upward) ↓ = Bearish reversal (price reversing downward) STRONG (bright green/red) = High-confidence reversal (score > 65) weak (faded green/red) = Low-confidence reversal (score ≤ 65) Number on label = Reversal strength score (0-100) Momentum Table (Top Right): Overall Score (0-100) = Total momentum strength Green (80+) = Very strong momentum Yellow (40-60) = Moderate momentum Orange/Red (<40) = Weak/stalling momentum Individual Momentum Scores (each worth 0-20 points): Volume = How much trading activity vs average Price ROC = How fast price is moving (rate of change) MA Spacing = How spread out the moving averages are (trend strength) ADX = Directional movement indicator (trend conviction) RSI Mom. = How far RSI is from neutral 50 (momentum extreme) Status Indicators: 🔥 STRONG = Momentum > 70 (strong move happening) 📈 BUILDING = Momentum 50-70 (gaining strength) ⚠️ WEAK = Momentum 30-50 (losing steam) 💤 STALLING = Momentum < 30 (very weak/choppy) Background Tint: Light green background = Strong momentum (>70) Light red background = Very weak momentum (<30) The key is: look for STRONG reversal labels when momentum is building/strong for the best trade setups! Also this is mainly for the 4hr time frame.
Penunjuk Pine Script®
oleh wateriskey6689
Reversal Zones// This indicator identifies likely reversal zones above and below current price by aggregating multiple technical signals: // • Prior Day High/Low // • Opening Range (9:30–10:00) // • VWAP ±2 standard deviations // • 60‑minute Bollinger Bands // It draws shaded boxes for each base level, then computes a single upper/lower reversal zone (closest level from combined signals), // with configurable zone width based on the expected move (EM). Within those reversal zones, it highlights an inner “strike zone” // (percentage of the box) to suggest optimal short-option strikes for credit spreads or iron condors. // Additional features: // • Optional Expected Move lines from the RTH open // • 15‑minute RSI/Mean‑Reversion and Trend‑Day confluence flags displayed in a dashboard // • Toggles to include/exclude each signal and adjust styling // How to use: // 1. Adjust inputs to select which levels to include and set the expected move parameters. // 2. Reversal boxes (red above, green below) show zones where price is most likely to reverse. // 3. Inner strike zones (darker shading) guide optimal short-strike placement. // 4. Dashboard confirms whether mean-reversion or trend-day conditions are active. // Customize colors and visibility in the settings panel. Enjoy disciplined, confluence-based trade entries!
Penunjuk Pine Script®
oleh shyTortoise84341
Reversal Scalper – Adib NooraniThe Reversal Scalper is an indicator designed to identify potential reversal zones based on supply and demand dynamics. It uses smoothed stochastic logic along with ATR bands, to reduce noise and highlight areas where momentum may be weakening, signaling possible market turning points. 🔹 Smooth, noise-reduced stochastic oscillator 🔹 Custom zones to highlight potential supply and demand imbalances 🔹 Non-repainting, compatible across all timeframes and assets 🔹 Visual-only tool — intended to support discretionary trading decisions This oscillator assists scalpers and intraday traders in tracking subtle shifts in momentum, helping them identify when a market may be preparing to reverse — always keeping in mind that trading is based on probabilities, not certainties. 📘 How to Use the Indicator Efficiently For Reversal Trading: Buy Setup – When the blue line dips below the 20 level, wait for it to re-enter above 20. – Look for reversal candlestick patterns (e.g., bullish engulfing, hammer, or morning star). – Enter above the pattern’s high, with a stop loss below its low. Sell Setup – When the blue line rises above the 80 level, wait for it to re-enter below 80. – Look for bearish candlestick patterns (e.g., bearish engulfing, inverted hammer, or evening star). – Enter below the pattern’s low, with a stop loss above its high. 🛡 Risk Management Guidelines Risk only 0.5% of your capital per trade Book 50% profits at a 1:1 risk-reward ratio Trail the remaining 50% using price action or other supporting indicators
Penunjuk Pine Script®
oleh AdibNoorani
19
Reversal Radars — Berk v2.0 (Bottom & Top)1) Combined script (Dip+Tepe) Title: Reversal Radars — Berk v2.0 (Bottom & Top) Description (EN): What it does Two high-probability reversal detectors in one indicator: a Bottom Reversal Radar (long bias) and a Top Reversal Radar (short/hedge bias). Each radar aggregates multiple conditions into a single score and triggers when Score ≥ Threshold. How it works RSI regime shift: Bottom = recovery after oversold (touched 30, crosses up 35). Top = roll-over from overbought (touched 70, crosses down 65). MACD cross: Bull (up) for bottoms, Bear (down) for tops. EMA8 filter: Close above (bottom) / below (top) EMA(8). Structure break (BOS): Close above recent swing high / below recent swing low (lookbackBars, using precomputed highest/lowest to avoid inconsistencies). EMA200 proximity: Price within a configurable band (default −5% … +2%). Volume expansion: Volume ≥ SMA(20) × multiplier (default 1.5×). Divergence: Pivot-confirmed (3/3) bullish (bottom) or bearish (top) RSI divergence. Scoring: RSI shift +2, divergence +2, MACD +1, EMA8 +1, BOS +1, Volume +1, EMA200 band +1. Signals & Alerts Bottom: label “DÖNÜŞ↑” and alert “Dipten Dönüş — Ana Sinyal” when scoreLong ≥ thrLong. Top: label “DÖNÜŞ↓” and alert “Tepeden Dönüş — Ana Sinyal” when scoreShort ≥ thrShort. Use Once per bar close for stable alerts. Inputs lenRSI, rsiOS=30, rsiRecover=35, rsiOB=70, rsiFall=65, volLen=20, volMult=1.5, lookbackBars=5, ema200 band (−5…+2%), thrLong/thrShort, toggles for Bottom/Top. Timeframes & tips Best on Daily/4H. Tighten thresholds (e.g., 4) and raise volume multiplier (1.8–2.0×) on lower TFs or thin liquidity. No-repaint note Evaluated on bar close; pivot divergences confirm with a natural ~3-bar delay. Disclaimer Educational use only. Not financial advice. Tags: reversal, divergence, rsi, macd, ema, volume, trend, screener, stocks, crypto, bist 2) Bottom-only (Dip) Title: Bottom Reversal Radar — Berk v1.4 Description (EN): Purpose Scores bottoming conditions and triggers when Score ≥ Threshold (default 3). Components RSI recovery after oversold (30→35), MACD bull cross, close above EMA8, BOS above recent swing high, near-EMA200 band (−5…+2%), volume ≥ SMA(20)×1.5, and pivot-confirmed (3/3) bullish RSI divergence. Weights: RSI +2, Divergence +2, others +1. Usage Add to chart, set alert “Dipten Dönüş — Ana Sinyal”, Once per bar close. Works on any timeframe (need ≥200 bars for EMA200). Daily/4H recommended. No-repaint Bar-close evaluation; divergence confirms with ~3 bars. Tags: bottom, reversal, rsi, macd, ema, volume, divergence 3) Top-only (Tepe) Title: Top Reversal Radar — Berk v1.0 Description (EN): Purpose Detects topping risk and triggers when Score ≥ Threshold (default 3) for exits/hedges. Components RSI roll-over from overbought (70→65), MACD bear cross, close below EMA8, BOS below recent swing low, near-EMA200 band, volume ≥ SMA(20)×1.5, and pivot-confirmed (3/3) bearish RSI divergence. Weights: RSI +2, Divergence +2, others +1. Usage Add to chart, set alert “Tepeden Dönüş — Ana Sinyal”, Once per bar close. Daily/4H preferred; tighten thresholds on lower TFs. No-repaint Bar-close evaluation; divergence confirms with ~3 bars. Tags: top, reversal, rsi, macd, ema, volume, divergence
Penunjuk Pine Script®
oleh berkyuo2
Reversal Trading Bot Strategy[BullByte]Overview : The indicator Reversal Trading Bot Strategy is crafted to capture potential market reversal points by combining momentum, volatility, and trend alignment filters. It uses a blend of technical indicators to identify both bullish and bearish reversal setups, ensuring that multiple market conditions are met before entering a trade. Core Components : Technical Indicators Used : RSI (Relative Strength Index) : Purpose : Detects divergence conditions by comparing recent lows/highs in price with the RSI. Parameter : Length of 8. Bollinger Bands (BB) : Purpose : Measures volatility and identifies price levels that are statistically extreme. Parameter : Length of 20 and a 2-standard deviation multiplier. ADX (Average Directional Index) & DMI (Directional Movement Index) : Purpose : Quantifies the strength of the trend. The ADX threshold is set at 20, and additional filters check for the alignment of the directional indicators (DI+ and DI–). ATR (Average True Range) : Purpose : Provides a volatility measure used to set stop levels and determine risk through trailing stops. Volume SMA (Simple Moving Average of Volume ): Purpose : Helps confirm strength by comparing the current volume against a 20-period average, with an optional filter to ensure volume is at least twice the SMA. User-Defined Toggle Filters : Volume Filter : Confirms that the volume is above average (or twice the SMA) before taking trades. ADX Trend Alignment Filter : Checks that the ADX’s directional indicators support the trade direction. BB Close Confirmation : Optionally refines the entry by requiring price to be beyond the upper or lower Bollinger Band rather than just above or below. RSI Divergence Exit : Allows the script to close positions if RSI divergence is detected. BB Mean Reversion Exit : Closes positions if the price reverts to the Bollinger Bands’ middle line. Risk/Reward Filter : Ensures that the potential reward is at least twice the risk by comparing the distance to the Bollinger Band with the ATR. Candle Movement Filter : Optional filter to require a minimum percentage move in the candle to confirm momentum. ADX Trend Exit : Closes positions if the ADX falls below the threshold and the directional indicators reverse. Entry Conditions : Bullish Entry : RSI Divergence : Checks if the current close is lower than a previous low while the RSI is above the previous low, suggesting bullish divergence. Bollinger Confirmation : Requires that the price is above the lower (or upper if confirmation is toggled) Bollinger Band. Volume & Trend Filters : Combines volume condition, ADX strength, and an optional candle momentum condition. Risk/Reward Check : Validates that the trade meets a favorable risk-to-reward ratio. Bearish Entry : Uses a mirror logic of the bullish entry by checking for bearish divergence, ensuring the price is below the appropriate Bollinger level, and confirming volume, trend strength, candle pattern, and risk/reward criteria. Trade Execution and Exit Strateg y: Trade Execution : Upon meeting the entry conditions, the strategy initiates a long or short position. Stop Loss & Trailing Stops : A stop-loss is dynamically set using the ATR value, and trailing stops are implemented as a percentage of the close price. Exit Conditions : Additional exit filters can trigger early closures based on RSI divergence, mean reversion (via the middle Bollinger Band), or a weakening trend as signaled by ADX falling below its threshold. This multi-layered exit strategy is designed to lock in gains or minimize losses if the market begins to reverse unexpectedly. How the Strategy Works in Different Market Conditions : Trending Markets : The ADX filter ensures that trades are only taken when the trend is strong. When the market is trending, the directional movement indicators help confirm the momentum, making the reversal signal more reliable. Ranging Markets : In choppy markets, the Bollinger Bands expand and contract, while the RSI divergence can highlight potential turning points. The optional filters can be adjusted to avoid false signals in low-volume or low-volatility conditions. Volatility Management : With ATR-based stop-losses and a risk/reward filter, the strategy adapts to current market volatility, ensuring that risk is managed consistently. Recommendation on using this Strategy with a Trading Bot : This strategy is well-suited for high-frequency trading (HFT) due to its ability to quickly identify reversal setups and execute trades dynamically with automated stop-loss and trailing exits. By integrating this script with a TradingView webhook-based bot or an API-driven execution system, traders can automate trade entries and exits in real-time, reducing manual execution delays and capitalizing on fast market movements. Disclaimer : This script is provided for educational and informational purposes only. It is not intended as investment advice. Trading involves significant risk, and you should always conduct your own research and analysis before making any trading decisions. The author is not responsible for any losses incurred while using this script.
Strategi Pine Script®
oleh BullByte
37
Reversal Candlestick Pattern Detector// Name: Reversal Candlestick Pattern Detector // Condition: // 1-up move: last n candles, 3/5 move higher; and/or the last is the highest in past n bars // 2-down move: last n candles, 3/5 move lower; and/or the last is the lowest in past n bars // // Show Bullish reversal pattern in down move; Show Bearish reversal pattern in up move; // //Reversal candlestick patterns: //1. Hammer/Shooting Star, //2. Engulfing, //3. Morning/Evening Star, //4. Harami, --Also Harami could be used in continuation (Rally based Rally/Drop based Drop); //5. Piercing/Dark Cloud cover, //6. Hook Reversal //7. Breakaway Gap, or Gap Crosses SMA8, SMA50. This is for un-filled Gap only. low >high or high
Penunjuk Pine Script®
oleh PlanTradePlanMM
1
Reversal Entry on StdDev & ICT LevelsThis custom indicator combines Standard Deviation Channels with ICT Killzone session levels to identify high-probability reversal entries. It triggers long/short signals when: Price extends beyond ±2 standard deviations (overbought/oversold conditions) A reversal wick (e.g., pin bar or hammer) confirms exhaustion Price bounces off a key session level (e.g., NYAM high or low) The tool visually plots deviation bands and session ranges, helping traders identify smart entry points aligned with market structure and time-based liquidity zones. Suitable for scalpers and intraday traders using ICT concepts.
Penunjuk Pine Script®
oleh TB512
Reversal off EMASimple script find when a probable reversal will start. When price moves sharply away from the 13 EMA a BUY/SELL signal will pop up. Scripted to work on 5m 1h, 4h, and daily chart. But it doesn't work on all charts. Not sure why. I'm a forex trader and use this on NZDUSD. It doesn't give too good results on the JPY charts. I think its a fairly good reversal indicator. It definitely doesn't catch them all, and if there is a strong bearish or bullish impulse it doesn't work too well. But with all indicators, you need other conformations when to get in and when to get out. Hope it helps someone.
Penunjuk Pine Script®
oleh shamgar331
Reversal Signal avec TICK + RSIThis indicator is a potential reversal indicator for SCALPING, don't use it for swing. It's base on TICK and on an overbrought/oversold condition of the RSI. You can play with the setting, typicaly I like my TICK to be over reacting an 800/-800 and my rsi over 20 and 80, but it give not enough signal. So I set the TICK signal at 651/-651 and the RSI at 25/75. This indicator is made for SP500 and Nasdaq, so SPY/QQQ/SPX/ES/NQ should work well. It's the first version of it, so maybe I'll add so more data to it to increase signal and lower false one. For now I've test it on live market yet(26/7/25). The RSI is Fast(5 period), I like to use it on the 1 or 5 min chart. Please not that it only work during 9h30am to 4pm EST.(Because of the TICK) Feel free to try and even comment. Don't be harsh on me, it's my first try! (Sorry for my 'english' it's not my first language) FAUCON
Penunjuk Pine Script®
oleh FAUCON505
Reversal rehersal v1This indicator was designed to identify potential market reversal zones using a combination of RSI thresholds (shooting range/falling range), candlestick patterns, and Fair Value Gaps (FVGs). By combining all these elements into one indicator, it allow for outputting high probability buy/sell signals for use by scalpers on low timeframes like 1-15 mins, for quick but small profits. Note: that this has been mainly tested on DE40 index on the 1 min timeframe, and need to be adjusted to whichever timeframe and symbol you intend to use. Refer to the backtester feature for checking if this indicator may work for you. The indicator use RSI ranges from two timeframes to highlight where momentum is building up. During these areas, it will look for certain candlestick patterns (Sweeps as the primary one) and check for existance of fair value gaps to further enhance the hitrate of the signal. The logic for FVG detection was based on ©pmk07's work with MTF FVG tiny indicator. Several major changes was implemented though and incorporated into this indicator. Among these are: Automatically adjustments of FVG boxes when mitigated partially and options to extend/cull boxes for performance and clarity. Backtesting Table (Experimental): This indicator also features an optional simplified table to review historical theoretical performance of signals, including win rate, profit/loss, and trade statistics. This does not take commision or slippage into consideration. Usage Notes: Setup: 1. Add the indicator to your chart. 2. Decide if you want to use Long or Short (or both). 3. If you're scalping on ie. 1 min time frame, make sure to set FVG's to higher timeframes (ie. 5, 15, 60). 4. Enable the 'Show backtest results' and adjust the 'Signals' og 'Take profit' and 'Stop loss' values until you are satisfied with the results. Use: 1. Setup an alert based on either of the 'BullishShooting range' or 'BearishFalling range' alerts. This will draw your attention to watch for the possible setups. 2. Verify if there's a significant imbalance prior to the signal before taking the trade. Otherwise this may invalidate the setup. 3. Once a signal is shown on the graph (either Green arrow up for buys/Red arrow down for sells) - you should enter a trade with the given 'Take profit' and 'Stop loss' values. 4. (optional) Setup an alert for either the Strong/Weak signals. Which corresponds to when one of the arrows are printed. Important: This is the way I use it myself, but use at own risk and remember to combine with other indicators for further confluence. Remember this is no crystal ball and I do not guarantee profitable results. The indicator merely show signals with high probability setups for scalping.
Penunjuk Pine Script®
oleh Jomse
9
Reversal Pivot PointsThis indicator aims to identify price levels where price action has quickly reversed from. These "pivots" establish major levels where major liquidity is located. Unlike standard support and resistance levels, when price breaks below or above a pivot, these pivots disappear from the chart. Comes with various customization features built to fit all. Features Pivot Timeframe: Identify and plot pivots from one specific timeframe and see it from all lower timeframes Pivot left/right bar limit: A feature aimed at preventing false pivots identification Remove On Close (ROC): Feature to only remove pivots once price close under it ROC Timeframe: The timeframe the script uses to determine if the candle closed under the level Wait For Close: Will only remove the pivot after the current candle closes Line Extension Type: The extension of the line. None - extends line to current time, left - only extends line to the left, right - only extends line to the right, both - extends line both directions Line Offset: How much to offset (in bars) the line and label from the current candle Line Type: The style of line when plotted. Solid (─), dotted (┈), dashed (╌), arrow left (←), arrow right (→), arrows both (↔) Display Level: Whether to or not to display the price of the pivot Display Perfect Level: Whether to or not to display levels where price perfectly rejected off of Alerts: Creates an alert when a level has been crossed How to trade 1. Pivots can be traded to or from. The stock market (market makers) will tend to "chase" liquidity in order to fill orders at better averages. This allows us retail traders to to participate alongside these moves to these pivots. Once price action hits a pivot, it can do two things: break the pivot and continue or bounce off it. We can participate alongside these bounces after confirmation of a reversal (doji, volume, etc). These bounce plays are high risk as it's generally 50-50, but the risk to reward is typically also very high, making them very valuable to take. 2. Typically, the market is a fluid environment and should be "natural," so perfect things (manmade and filled with liquidity) should not occur. With this knowledge, we can expect these perfect levels, "PDT/PDB," to break as they are not natural occurrence and have heavy liquidity on and above/below them. We can trade to these levels and expect them to break/sweep if price action comes near them again.
Penunjuk Pine Script®
oleh sayopony
5
Reversal with Bollinger Bands + RSI + ADX + ATR (Upgraded)Hi, Welcome to my 4th script. Someone asked me some questions about the Bollinger Band strategy I previously published. When I went back to my published script I couldn't help myself but simply try and make it better. Which I did. Since I've published that script, I've gained much more knowledge about how Pinescript functions. As well as gaining more and more knowledge about how the markets are structered etc. In this reversal script we use 4 indicators to determine good entry signals, we determine whether the market is ranging or trending and we still only want to take trades in the direction of the "trend". Bollinger Bands are used for our entry signal. When price hits either side of the band, we wait for a reverse candlestick before we enter a position. RSI is used to determine if we're in a trending market or in a ranging market. You can adjust the values in the inputs. You can determine the minimum RSI value and the maximum RSI value. ADX is used the same way as RSI, you can adjust the value in the inputs. You can determine the minimum ADX value. Last but not least we use two EMA's, a 200 EMA and 100 EMA. Both are adjustable through the inputs. I used two EMA's because I noticed when using this strategy that we'd enter a new position often after having a bad trade. Using two EMA's might clean up some signals, in my case with EUR/USD on a 15m timeframe, it didn't clean up enough signals. All the default values are pretty decent but might require some finetuning on a certain instrument. Don't overfit the strategy though, that'll only give you bad signals in the future. Then we are off to our exit signals. Initially I wanted to incorporate my previous Bollinger Band exit signals as well, but it was too much of a hassle to make the script work as intended so I left it out. If you want to use those exit signals, just find my other script. When we're in a position and price crosses the opposite band, we wait for a reverse candlestick before we exit the position. Additionally we want our losses to be as small as possible, so we use RSI to signal us when the market is, or starts to, trend against us. This is where you use the minimum and maximum exit values. So when RSI crosses over or under that value, it'll exit the position. Furthermore, we use the ATR indicator to set our stop loss, which is pretty basic stuff. You can adjust the ATR multiplier in the inputs. Disabling "Use Trailing Stop?" is really inadvisable unless you know this script inside out as your only exit signals will be opposite Bollinger Band Cross and RSI overbought / oversold areas.
Strategi Pine Script®
oleh conflixx95493
2
Reversal closing priceThe reversal closing price (RCP) is a candlestick pattern which follows two simples rules: the low price of current candle needs to be lower than the low price of the last 2 candles the closing price of current candle needes to be higher than the closing price of the last candle This generates a signal for a long position. For a short position, the conditions are inverted: the high price of current candle needs to be higher than the high price of the last 2 candles the closing price of current candle needes to be lower than the closing price of the last candle Since RCP is a trend follower indicator, the strategy is programmed in such a way that long positions are only placed if the short period EMA is above the long period EMA, and short positions are only placed if the short EMA is bellow the long EMA. Both periods are configurable, and should be ajusted for each asset. This strategy uses a fixed stop loss and take profit, and the it's ratio is configurable. The stop price is one tick lower than the lowest price of X candles prior to the order execution for long positions, while in short positions it's one tick higher than the higher price. The amount of candles to lookback (X) is configurable. Both stop and take profit prices are displayed, the first as a red line, and the second as a green line. This is the setting that I've found to work best with TVC:SPX , but you may find a better setting. While the RCP is universal, it's placement depends on the trend and it's strenght, something that is very heterogeneous among assets. I really wish that I was able to place images, but I don't have PRO, so text will have to do. This strategy was designed by Alexandre Wolwacz, a.k.a. Stormer.
Strategi Pine Script®
oleh EduardoMattje
9
Reversal finderThis script is used to visually highlight candles which may signal a reversal following a false break of a support or resistance level. Inputs are: Lookback period: look for the highest high and the lowest low of the prior x bars. SMA length: used for a simple moving average of the range (high minus low) of the prior x bars. Range multiple: used to filter out signals for any bars with a range smaller than the average range of the preceding bars (determined by SMA length above) e.g. a range multiple of 2 will only show signals for bars with a range twice of that of the average range of the preceding bars. Range threshold: used to filter signals for bars both the open and close of the bar are at the extreme end of the bar e.g. a threshold setting of 33% will only show buy signals for bars which open and close within the upper 1/3rd of the bar’s high/low range (vice versa for sell signals). This helps highlight, for example, bars with a high which exceeds resistance in a current range but which close back inside the range. Highlight signal bars?: This will highlight bars with a buy signal in green, sell signal bars in red, and all other bars in grey. The script was designed for use with a dark background, so you will need to play around with the bar colours in the style settings to suit your preferences. Settings used in the example chart are not the default – they are lookback: 5, SMA length: 20, range multiple: 1.2, range threshold: 33%. Enjoy!
Penunjuk Pine Script®
oleh NS91
23