OPEN-SOURCE SCRIPT
Lum3n Reversal Indicator
Lum3n Reversal Indicator
The Lum3n Reversal Indicator is a dynamic, multi-signal tool built to identify high-probability market reversals. It combines classic candlestick pattern recognition with RSI exhaustion levels, volume spikes, trend confirmation, and support zone proximity to generate actionable buy and sell signals—each scored with a confidence value.
Key Features
Comprehensive Pattern Detection: Identifies bullish and bearish patterns including hammers, engulfing candles, stars, tweezers, and doji types.
RSI Filtering System: Uses configurable RSI levels to differentiate between weak, strong, and extreme signals.
Trend Confirmation Engine: Incorporates smoothed stochastic logic to filter signals based on broader trend conditions.
Volume Spike Detection: Confirms signal strength by detecting high-volume events above the 20-period average.
Support-Based Buy Logic: Two customizable support levels allow the script to detect price rejection at key areas.
Halo Pulse Visualization: Highlights ultra-high-confidence setups (strength ≥ 120) with transparent bubble markers.
Signal Labels with Score: All valid buy/sell signals are marked on the chart with confidence scores for easy filtering.
Optional Gradient Candle Coloring: Dynamically colors candles based on trend strength for visual clarity.
Built-in Alerts: Includes alert conditions for standard and high-conviction Lum3n Buy/Sell triggers.
How to Use It
Buy signals appear when bullish candlestick patterns align with oversold RSI levels, trend confirmation, volume surges, and proximity to key support levels.
Sell signals are generated from bearish pattern setups combined with RSI overbought conditions and bearish trend-volume alignment.
Confidence scores range based on how many conditions align. High-conviction setups will be scored above 100, with 120+ triggering the Halo Pulse visualization.
Best used with additional confirmation such as trendlines, moving averages, or higher-timeframe structure.
Customizable Inputs
Support zones and RSI thresholds
Trend sensitivity and volume filter strength
Bullish and bearish color themes
Optional candle coloring toggle for cleaner charts
The Lum3n Reversal Indicator is a dynamic, multi-signal tool built to identify high-probability market reversals. It combines classic candlestick pattern recognition with RSI exhaustion levels, volume spikes, trend confirmation, and support zone proximity to generate actionable buy and sell signals—each scored with a confidence value.
Key Features
Comprehensive Pattern Detection: Identifies bullish and bearish patterns including hammers, engulfing candles, stars, tweezers, and doji types.
RSI Filtering System: Uses configurable RSI levels to differentiate between weak, strong, and extreme signals.
Trend Confirmation Engine: Incorporates smoothed stochastic logic to filter signals based on broader trend conditions.
Volume Spike Detection: Confirms signal strength by detecting high-volume events above the 20-period average.
Support-Based Buy Logic: Two customizable support levels allow the script to detect price rejection at key areas.
Halo Pulse Visualization: Highlights ultra-high-confidence setups (strength ≥ 120) with transparent bubble markers.
Signal Labels with Score: All valid buy/sell signals are marked on the chart with confidence scores for easy filtering.
Optional Gradient Candle Coloring: Dynamically colors candles based on trend strength for visual clarity.
Built-in Alerts: Includes alert conditions for standard and high-conviction Lum3n Buy/Sell triggers.
How to Use It
Buy signals appear when bullish candlestick patterns align with oversold RSI levels, trend confirmation, volume surges, and proximity to key support levels.
Sell signals are generated from bearish pattern setups combined with RSI overbought conditions and bearish trend-volume alignment.
Confidence scores range based on how many conditions align. High-conviction setups will be scored above 100, with 120+ triggering the Halo Pulse visualization.
Best used with additional confirmation such as trendlines, moving averages, or higher-timeframe structure.
Customizable Inputs
Support zones and RSI thresholds
Trend sensitivity and volume filter strength
Bullish and bearish color themes
Optional candle coloring toggle for cleaner charts
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.
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
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.
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.