Mariam Smart Flip

Purpose
This tool identifies high-probability intraday reversals by detecting when price flips through the daily open after strong early-session commitment.

How It Works
A valid flip occurs when:

The previous daily candle is bullish or bearish
The first hour today continues in the same direction
Then, the price flips back through the daily open with a minimum break threshold (user-defined)

This setup is designed to catch liquidity grabs or fakeouts near the daily open, where early buyers or sellers get trapped after showing commitment

Signal Logic
Buy Flip
Previous day bearish → first hour bearish → price flips above open
Sell Flip
Previous day bullish → first hour bullish → price flips below open

Features

Configurable flip threshold in percentage
Signals only activate after the first hour ends
Daily open line displayed on chart
Simple triangle markers with no visual clutter
Alerts ready to use for automation or notifications

Usage Tips

Use "Once Per Bar" alert mode to get notified immediately when the flip happens
Works best in active markets like FX, indices, or crypto
Adjust threshold based on asset volatility
Suggested stop loss: use the previous daily high for sell flips or the previous daily low for buy flips
Suggested take profit: secure at least 30 pips to aim for a 1:3 risk-to-reward ratio on average

Script open-source

In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.

alghamdi_meriam

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Script open-source

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