Dskyz (DAFE) Turning Point Indicator

15 apr

- Dskyz (DAFE) Turning Point Indicator — Smart Reversal Signals
Inspired by the intelligent logic of a pervious indicator I saw. This script represents a next-generation reversal detection system—completely re-engineered with cutting-edge filters, adaptive logic, and intelligent dashboards.


The Dskyz (DAFE) Turning Point Indicator
🧠 What Is It?

is designed to identify key market reversal zones with extraordinary accuracy by combining trend direction, volatility confirmation, price action patterns, and smart filtering layers—all visualized in a highly interactive and informative chart overlay.

This isn’t just a signal generator—it’s a decision-making assistant.

⚙️ Inputs & How to Use Them
All input fields are grouped for ease-of-use and explanation:

🔸 Reversal Logic Settings
Source: The price source used for signal generation (default: hlcc4). Can be changed to any standard price formula (open, close, hl2, etc.).
ATR Period: Used for determining volatility and dynamic trailing stop logic.
Supertrend Factor / Period: Calculates directional movement to detect trending vs choppy zones.
Reversal Sensitivity Thresholds: Internal logic filters minor pullbacks from true reversals.

🔸 Filters
Trend Filter: Enables trend-only signals (optional).
Volume Spike Filter: Confirms reversals with significant volume activity.
Volatility Zone Coloring: Visually highlights high-volatility areas to avoid late entries or fakeouts.
Custom High/Low Detection: Smart local top/bottom scanning to reinforce accuracy.

🔸 Visual & Dashboard Options
Signal Labels: Toggle signal labels on the chart.
Color Theme: Choose your visual theme for easier visibility.
Dashboard Toggle: Activate a compact dashboard summarizing strategy health (win rate, drawdown, trend state, volatility).

🧩 Functions Used
ta.supertrend(): Determines trend direction for signal confirmation and filtering.
ta.atr(): Calculates real-time volatility to determine trailing stop exits and visual zones.
ta.rsi() (internally optimized): Helps filter overbought/oversold conditions.
Local High/Low Scanner: Tracks recent pivots using a custom dynamic lookback.
Signal Engine: Consolidates multiple confirmation layers before plotting.

🚀 What Makes It Unique?
Unlike traditional reversal indicators, this one combines:

Multi-factor signal validation: No single indicator makes the call—volume, trend, price action, and volatility all contribute.
Adaptive filtering: The indicator evolves with the market—less noise, smarter signals.
Visual volatility heatmap zones: Avoid entering during uncertainty or manipulation spikes.
Interactive trend dashboard: Immediate insight into the strength and condition of the current market phase.
Highly customizable: Turn features on/off to match your trading style—scalping, swing, or trend-following.
Precision timing: Uses optimized versions of RSI and ATR that adjust automatically with price context.

🧬 Recommended for:
Commodity: Futures, Forex, Crypto
Timeframes: 1m to 1h for active traders. 4h+ for swing trades.

Pair With: Support/resistance zones, Fibonacci levels, and smart money concepts for additional confluence.

🎯 Why It Works
- Traditional reversal signals suffer from lag and noise. This system filters both by:
- Using multi-source confirmation, not just price movement.
-Tracking volatility directly, not assuming static markets.
-Detecting exhaustion, not just divergence.
-Keeping your screen clean, with only the most relevant data shown.

🧾 Credit & Acknowledgement
🧠 Original Concept Inspiration: This project was deeply inspired by the work of Enes_Yetkin_ and their approach to reversal detection. This version expands on the concept with additional technical layers, updated visuals, and real-time adaptability.

📌 Final Thoughts
This is more than a reversal tool. It's a market condition interpreter, entry/exit planner, and risk assistant all in one. Every aspect is engineered to give you an edge—especially when timing means everything.

Use it with discipline. Use it with clarity. Trade smarter.

**I will continue to release incredible strategies and indicators until I turn this into a brand or until someone offers me a contract.

-Dskyz

16 apr

Note di rilascio

Dskyz (DAFE) Turning Point Indicator — Enhanced Signal Modes & Dashboard

This update introduces major improvements to the flexibility and functionality of the DAFE Turning Point Indicator, making it more powerful and user-friendly for traders seeking both breakout and reversal opportunities.

🔄 What's New in This Version
✅ Dual Signal Mode Support (Reversal + Breakout)
You can now enable Reversal mode, Breakout mode, or both simultaneously using two separate toggles in the settings.
This allows traders to identify multiple types of market turning points in a single indicator — no need to switch modes!
📊 Improved Signal Logic
The indicator now processes both signal types independently and triggers valid buy/sell signals from either or both modes.
Signals are filtered using existing RSI and Volume Spike logic for enhanced accuracy.
📋 Updated Dashboard (On-Chart Table)
The dashboard now clearly displays the currently active signal modes:
"Reversal", "Breakout", or "Reversal + Breakout" based on your selections.
All other metrics — trend direction, ATR, volume spike, RSI, and last signal — are retained and updated in real-time.
⚡ Why This Matters
These updates allow traders to:

Adapt to various market conditions (trend continuation vs. trend exhaustion).
Avoid switching between different scripts for different signal types.
Make more informed decisions using a fully integrated, multi-mode signal engine.