Reversion Zone IndexThe Reversion Zone Index (RZI) is an indicator that combines the Commodity Channel Index (CCI), Choppiness Index (CI), and Bollinger Bands Percentage (BBPct) to identify mean reversion signals in the market. It is plotted as an Exponential Moving Average (EMA) smoothed oscillator with overbought and oversold zones, and mean reversion signals are represented by red and green arrows.
The three indicators are combined to benefit from their complementary aspects and create a more comprehensive view of mean reversion conditions. Here's a brief overview of each indicator's benefits:
1. Commodity Channel Index (CCI): CCI measures the current price level relative to its average over a specified period. It helps identify overbought and oversold conditions, as well as potential trend retracements. By incorporating CCI, the RZI gains insights into momentum and potential turning points.
2. Choppiness Index (CI): CI quantifies the market's choppiness or trendiness by analyzing the range between the highest high and lowest low over a specific period. It indicates whether the market is in a trending or ranging phase. CI provides valuable information about the market state, which can be useful in mean reversion analysis.
3. Bollinger Bands Percentage (BBPct): BBPct measures the current price's position relative to the Bollinger Bands. It calculates the percentage difference between the current price and the bands, identifying potential overbought or oversold conditions. BBPct helps gauge the market's deviation from its typical behavior and highlights potential reversal opportunities.
The RZI combines the three indicators by taking an average of their values and applying further calculations. It smooths the combined oscillator using an EMA to reduce noise and enhance the visibility of the trends. Smoothing with EMA provides a more responsive representation of the overall trend and helps filter out short-term fluctuations.
The overbought and oversold zones are marked on the chart as reference levels. When the combined oscillator is above the overbought zone or below the oversold zone, it suggests a potential mean reversion signal. Red and green arrows are displayed to visually indicate these mean retracement signals.
The RZI is a valuable tool for identifying mean reversion opportunities in the market. It incorporates multiple indicators, each providing unique insights into different aspects of mean reversion, such as momentum, volatility, and price positioning. Traders can use this indicator to spot potential turning points and time their trades accordingly.
Cerca negli script per "reversal"
Benner-Fibonacci Reversal Points [CC]This is an original script based on a very old idea called the Benner Theory from the Civil War times. Benner discovered a pattern in pig iron prices (no clue what those are), and this turned out to be a parallel idea to indicators based on Fibonacci numbers. Because a year is 365 days (nearly 377, which is a Fibonacci number), made up of 52 weeks (nearly 55, which is another Fibonacci number), or 12 months (nearly 13, which is another Fibonacci number), Benner theorized that he could find both past and future turning points in the market by using a pattern he found. He discovered that peaks in prices seemed to follow a pattern of 8-9-10, meaning that after a recent peak, it would be 8 bars until the next peak, 9 bars until after that peak for the next, and 10 bars until the following peak. For past peaks, he would just need to reverse this pattern, and so the previous peak would be 10 bars before the most current peak, 9 bars before that peak, and 8 bars before the previous one, and these patterns seemed to repeat. For troughs, he found a pattern of 16,18,20 which follows the same logic, and this idea also seemed to work on long-term peaks and troughs as well.
This is my version of the Benner theory and the major difference between my version and his is that he would manually select a year or date and either work backwards or forwards from that point. I chose to go with an adaptive version that will automatically detect those points and plot those past and future points. I have included several options such as allowing the algorithm to be calculated in reverse which seems to work well for Crypto for some reason. I also have both short and long term options to only show one or both if you choose and of course the option to enable repainting or leave it disabled.
Big thanks to @HeWhoMustNotBeNamed and @RicardoSantos for helping me fix some bugs in my code and for @kerpiciwuasile for suggesting this idea in the first place.
The $trat | by Octopu$1️⃣2️⃣3️⃣ The $trat | by Octopu$
The $trat: The Strat by Octopu$
Absolute Solution for The Strat Traders!
The Strat is a Strategy created by Rob Smith's and is well known by being an innovative trading system.
Continues to grow in popularity as more traders discover this method.
It is a simplified way to understand Price Action. It is based on three principles: Types of candles, 1, 2, and 3.
Other things to be known about The Strat are Actionable Signals and Time Frame Continuity.
The $trat has it all.
This Indicator includes Bar Types (1, 2 and 3) also known as Inside Bars, Twos (Up or Down) and Outside Bars.
It is also well crafted with a built-in Time Frame Continuity (TFC) which shows Price Movement at a glimpse.
On top of that, in the best of both worlds, also comes with information about the Bars Status for other TFs as well.
It means that you can know how another TF of you preference is performing. Right there.
Works in Any Time Frame.
On Any Ticker.
(Using SPY 5m just as an example:)
www.tradingview.com
SPY
Features:
• Candle Types (1, 2 and 3) IB, 2U & 2D and OB.
• Time Frame Continuity (TFC) for Price Movement/Trend Check
• Bar Status shortcut. So you can know Price Action/Direction fast.
• Reversal indicators for Action-taking and Situational Awareness
• Combos Labels. So nothing ever goes unnoticed.
Options:
• Absolutely fully Customizable: Colors, Sizes, Numbers. Everything.
• On/Off Switches for most of the Information and Optionable Selections
• Hammer/Shooter Indicator automatically inserted to Chart
• Candle/Bars Coloring for ease of reading.
• Highlight options for specific setups
Notes:
v1.0
$trat Indicator release
Changes and updates can come in the future for additional functionalities or per requests.
Did you like it? Boost it. Shoot a message! I'd appreciate if you dropped by to say thanks.
- Octopu$
🐙
Wizard AlgoWizard Algo:
==============================
Features of the indicator:
- BULL/BEAR Signals
- TP (Take-Profit) and Exit System
- Possible Reversal Signals
- Reversal Scalper
- Reversal Bands
- Trend Bar Colors
- Auto Support/Resistance Levels
- Auto Trend-Lines
================================
Description:
1. Signals: The signals consists of 2 different approaches and the users can choose which signal type they want to use. The indicator gives bull/bear signals based on certain condition, such as trend and momentum. The "TP" signals stands for "Take Profit." These signals help users to decide when to take profits or liquidate all position. The Indicator includes an exit system that can used as another means of closing a position. The exit system uses a 1.5x risk to reward ratio to determine where to keep the take profit and stop loss target.
2.Reversal Scalper: Reversal scalpers are the tiny up(aqua) and down(fuchsia) triangles on the chart. These signals a possible reversal in the price and they can be used to enter a scalping trade. The signals uses mainly momentum and candle price action to determine when there could be a possible reversal in price.
3. Reversal Bands: The reversal band is the green/red cloud like indicator. This can help determine when a price is oversold and therefore, it could reverse. Same goes for the short side, if price is in the overbought territory, then it could reverse to the downside. The reversal bands uses mainly volatility. This is not the same thing as Bollinger bands.
4. Bar Colors: The candle bar colors helps to determine the current trend. The colors are given based on the current trend. The colors lime/red shows strong trend, and orange/cyan/blue shows weak trend.
5. Auto S/R and Auto trendlines: These indicators can be used for determining price actions. Both of these work in similar manner. They mainly look at the previous pivots and draws a line connecting the pivots. S/R are the horizontal lines and the trendline have angles to them.
RSI true swingsRelative Strength Index (RSI) is being used by majority of the traders to get benefitted based on the swings. But these swings are hard to Identify.
This Indicator uses 4 major factors for finding the potential reversal points:
RSI Crossover or crossunder
Relative volume
Overall volume against the moving average volume
Relative closing of the candles
Size of the bars
Please read Instructions carefully before using this indicator
Recommended entry is the OHLC4 of the signal bars.
If signal bar is too large, try to enter in the retracement when another signal comes either through indicator or through types of bars
when signals comes opposite to the trend, then try to wait for the next signal of same type. This creates a RSI-price divergence in confirmation by volume price action
Timeframe can be of your choice
Recommended stoploss should be swing highs or lows
ETS Trend Early Cross ArrowsThis indicator is an updated version and alternative to the ETS Trending Arrows indicator that contains the results of years of trial and error to create an indicator aiming to mimic market entry points that a professional trader would take.
It has arrows to clearly show potential market entry points, and suggested stop-loss levels. This particular updated version of the Trending Arrows indicator responds faster to market direction changes, even before the main trend starts to change.
To use this indicator in the best way, with the best entry point, wait for the market to return close to, or touch, one of the moving averages. The larger the moving average, the better, and then enter in the direction indicated by the arrow. The arrow will not repaint once the bar closes, so use the initial arrow's appearance to prepare yourself to enter a trade, and then wait for your perfect entry that is close to a moving average or support/resistance level.
What Makes It So Powerful?
- Give you a signal as early as possible and does not "repaint" once the bar completes
- Reacts to fast market direction changes like a master trader
- Is super easy to understand and implement in your trading
- Can be used for Forex, Stocks and Crypto
- Works on all timeframes
How To Use The ETS Trend Early Cross Arrows (ETS TrendEX Arrows) Indicator
1. Add the indicator to any chart you wish to trade, Crypto, Forex or Stocks and set it to the timeframe you prefer. For instance, I use it on 1 minute and 5 minute charts for daytrading Stocks. For Forex I generally use a 15 minute chart, and longer timeframes for Crypto.
2. Open the Settings. Generally you should not need to change anything:
2.1. "Show 20, 50, 200 Moving Averages" - This is just a convenience, and is provided to help you identify where the market is trading in relation to the trend.
2.2. "Show Small Expo Moving Average" - Also provided for convenience, and goes with "SMAX" - Simple Moving Average - and the "EMAX" - Exponential Moving Average settings
2.3. "Show Potential Reversal Points" - You will notice small X indicators that appear when it's detected that the market might soon be reversing or at least halting and going sideways. A small red X at the bottom of a candle indicates that the market might not be moving further down much, warning you against taking a short position. While a small green X above a candle indicates that the market may be exhausted and soon reverse or at least stall. When the market eventually goes past the highs and lows indicated by these levels, the market often continues on its previous trend.
2.4. "Delength" - The length setting for the DeMarker indicator that's used internally.
2.5. "KC Length" - the Keltner Channel length setting.
2.6. "KC Multiplier" - the Keltner Channel multiplier setting.
2.7. "KC Source" - the Keltner Channel source setting.
2.8. "KC Exponential" - the Keltner Channel exponential or simple setting.
3. Now that you've set things up, all you need to do is to wait for a signal. Pay attention to where the market currently is in relation to the closest moving average, like the 10 SMA or 12 EMA . Keep in mind that price will often signal a new move, but then first move back to the average, before continuing in the new direction identified by the trading arrow.
4. Larger arrows are signals that go with the shorter term trend, and smaller arrows indicate a potential change in the market direction that is not yet in line with the shorter term trend. Typically it should be best to enter using the larger arrows, and be cautious, or exit a trade, that is counter to the smaller arrows.
5. These signals are intended to identify new trending moves, and for that reason, if the market moves against the signal, you should not hold on to your position hoping that it will turn in your favor.
6. When the market is moving in your favor, resist the urge to exit quickly, and use the smaller moving averages or support/resistance levels to exit your trades.
This is an "invite only" script, which means that you will need to let me know that you're interested in it before you can get access to it. This is a paid script, please follow the link in my profile to get the details or ask me directly. It may take up to 48 hours for me to respond, but I do my best to respond as quickly as possible. You will get 7 days to test it for yourself on all your charts with no restrictions.
Volume Reversals and 4h MAsThis script is tailored to 15 minute charts.
It overlays volume reversals and some long term MAs to help set your bias - I like to consider the following factors when evaluating a trade:
Trends for entry:
* Long term trend direction to set bias: Purple line
* Medium term trend on the right side of bias: Orange on the right side of purple
* Distance of price from Purple line - prefer to cross orange in line with bias, but sometimes it's ok to be wrong side of Orange
Volume reversal signal - short term reversals in OBV:
* Arrows indicate 15 minute volumes increased while close reversed over three candles
Exits:
* Consider exiting when crossing short term trend - Blue line
Market Trading Tools - Trend ReversalsOur Trend Reversals indicator is there to notify you when a trend reversal (depending on your time frame) might occur.
Trend Reversals will signal a cross shape signal (X), that will be in red when a downfall might happen and will be in green when a movement up is about or might happen. The indicator algorithm is based on 3 indicators, when these three intersect, the signal will be fired once the condition is met.
** Our Indicator does not repaint.
** It can be used on any financial market; crypto, stocks or forex. We also encourage using time frames as the 15 minutes and above. The use of a higher than 4hr time frame requires special settings and once you have access to it, you can change the parameters as you want. We have enabled our users to freely use the settings as they wish and to their own discretion.
Once you are granted access to use it, add it from going into the scripts >> invite only scripts >> enable the indicator. Once the indicator is added to your chart you will see the indicator popping up on your chart.
We believe that we have not seen a similar indicator, and we are proud of our work and we will continue updating the indicator when we believe it is necessary according to market changes. We have also enabled a function for our users to get a better view of the trend when they add the indicator to their chart. You can now view the trend background color (red&green) depending on if the price is above the EMA of your choice. you can also check whichever time interval you want that does not limit you to the time interval chosen on your chart itself.
Hope you enjoy it, Good luck and stay safe!
** If you are interested in this indicator. please use the link below to obtain access to this indicator
Volume Divergence by MMIt's a simply volume indicator. You should watch for breaks on both volume uptrend and volume downtrend. It uses fibonacci numbers to build smoothed moving average of volume.
Also you can check divergences for trend reversal and momentum loss.
GreedZone indicator - Contrarian Indicator"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Greedzone is a contrarian indicator that gives us an indication when greed begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.
The Greedzone is visualized with green candlesticks above the price.
HOW TO USE
1. Use the indicator to identify when investors are greedy.
2. Use the indicator to identify potential reversal points.
INDICATOR IN ACTION
1 hour chart
5 min chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Fearzone (Expo) - Contrarian Indicator"Be fearful when others are greedy, and greedy when others are fearful" - Warren Buffett. Fearzone is a contrarian indicator that gives us an indication when fear begins to take over in the market. Traders should be prepared for increased volatility and good trading opportunities.
The Fearzone is visualized with red candlesticks below the price.
This version of the FearZone indicator is slightly different from the one ©kruskakli has published.
HOW TO USE
1. Use the indicator to identify when investors are fearful.
2. Use the indicator to identify potential reversal points.
INDICATOR IN ACTION
1 hour chart
5 min chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
UO CrossThis particular UO Cross is evolved into far more flexible and visually intuitive oscillator than previous versions.
After thorough experiments with the code of indicator, I came to new deductions on how to use it properly for random TF and made it simpler.
How to read a chart using UOX:
Before uptrend takes place, we see the both indicator levels moving towards green dotted line (40).
When green UO index passes below 40, it's an alert that the market is about to interact to new demand levels, coloring it blue for a potential reversal.
Once green UO index is moving up and crossing above green dotted line - the second signal of uptrend established.
Another strong sign of uptrend is when green UO index passes above red UO index, coloring the space in between 2 indicators greenish.
At this point of time, we can be more confident that the general movement of the price is headed upwards, although we might see some small corrections there.
During uptrend Green UO index will fluctuate above red UO index.
Both indices will rise, getting closer and closer to red dotted line, which psychologically would be the first signs of the reversal of the uptrend.
When you see green UO index passing above red dotted line 60, coloring orangish, that's a serious alert for upcoming reversal.
I'll once more remind you that at this point of time both UO indices are at overbought levels, def above 50.
You know the situation is serious when you witness red UO index being very close to red dotted line!
To confirm the signals for downtrend, you must see green UO index go down and passing below red dotted line.
Second confirmation of downtrend is when green UO index crosses below red UO index, and colors the space in between indices red.
With this indicator we can understand:
Condition of the market
Early signs and alerts for reversal
Signals of entry
Confirmations of those signals
Visualized mass psychology behind domination of bulls / bears
It would be much better if you combine it with volume-based indicators.
Good luck!
Combo Strategy 123 Reversal & CMOfilt This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
This indicator plots a CMO which ignores price changes which are less
than a threshold value. CMO was developed by Tushar Chande. A scientist,
an inventor, and a respected trading system developer, Mr. Chande developed
the CMO to capture what he calls "pure momentum". For more definitive
information on the CMO and other indicators we recommend the book The New
Technical Trader by Tushar Chande and Stanley Kroll.
The CMO is closely related to, yet unique from, other momentum oriented
indicators such as Relative Strength Index, Stochastic, Rate-of-Change, etc.
It is most closely related to Welles Wilder`s RSI, yet it differs in several ways:
- It uses data for both up days and down days in the numerator, thereby directly
measuring momentum;
- The calculations are applied on unsmoothed data. Therefore, short-term extreme
movements in price are not hidden. Once calculated, smoothing can be applied to the
CMO, if desired;
- The scale is bounded between +100 and -100, thereby allowing you to clearly see
changes in net momentum using the 0 level. The bounded scale also allows you to
conveniently compare values across different securities.
WARNING:
- For purpose educate only
- This script to change bars colors.
Rounded Bottom Breakout Strategy Moving Averages20-day SMA , 34-day EMA , 50-day SMA and 200-day SMA moving average indicator based on Rick Saddler's Rounded Bottom Reversal Breakout Strategy
Megalodon Pro Automated Shorter Term TimerHow to use?
It should be used on 1 minute time frame for finding potential market reversal points.
It shows reversal signals by printing Green for Buy - Orange for Strong Buy - Red for Sell - Purple for Strong Sell signals.
Trend Shift Indicator v2.0 [Bradford Fournier]TSI v2.0-- Early Trend Shift Indicator Version 2.0
PURPOSE: This indicator detects early changes in trends and provides confirmation
TSI aims to do the following simultaneously:
detect trend changes early
provide a means of trend confirmation -- while still being early in the cycle change
provide an early indication of trend changing away from positive.
SIGNALS
EARLY SELL: Green peaked and decreasing
SELL: GREEN TO RED
(STRONG SELL: TSI peaked and crossunder "overbought input(180)")
BUY: RED TO GREEN
NOTE: Version 1 is still operative and updated. This is simply an alternative version for those who prefer it. SEE CHANGES BELOW
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VERSION 2 CHANGES:
Earlier reversal indications.
Dynamic risk range. (yellow filler)
[*}Overlay for signal confirmation
Cyatophilum MACD Hist [ALERT SETUP]Hello, I made a classic MACD Histogram indicator, with custom alerts and parameters though.
Shapes
Green circles : The MACD histogram is reversing, this is a buy (or Long) signal.
Red circles : The MACD histogram is reversing, this is a sell (or Short) signal.
Green Arrow up : The MACD histogram is enduring a bear fakeout. This is a buy signal.
Red Arrow up : The MACD histogram is enduring a bullfakeout. This is a sell signal.
Parameters ( INPUTS )
Classic MACD parameters.
Sensitivity : (1 = really sensitive to reverals and fakeouts - 5 = much less sensitive)
Activate Fakeouts : default is true. Uncheck to deactivate fakeout on chart /!\ will also deactivate fakeout alerts
Alerts (Automated trading alerts : SMS, email, etc.) that you can create :
Buy : a buy signal that will trigger on a bull reversal or a bear fakeout. No more than one buy/sell signal in a row (You will not get multiple buy signals or multiple sell signals in a row)
Sell : a sell signal that will trigger on a bearreversal or a bullfakeout. No more than one buy/sell signal in a row (You will not get multiple buy signals or multiple sell signals in a row)
Buy (Bull Reversal) : a buy signal that will trigger on each bull reversal.
Buy (Bear Fakeout) : a buy signal that will trigger on each bear fakeout.
Sell (Bear Reversal) : a sell signal that will trigger on each bear reversal.
Sell (Bull Fakeout) : a sell signal that will trigger on each bull fakeout.
If you like, leave a comment, thanks! If you find any bug, thanks for telling me!
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I am selling access to private scripts and backtests that can be found on my website .
I am also open to commissions : TradingView's PineScript development, reverse engineering.
Thanks.
PRPI - Potential Reversal Points IndicatorThis indicator signals potential exhaustion of current trend.
Green background means we are in up-trend.
Spike in the opposite direction on histogram signals a waning of trend exhaustion.
Comment on this to get an access.
CCI AnalysesThis script analyses the CCI indicator values, showing when a fall in price or a rise in price may happen, or when the CCI is confirming the trend.
The user can personalize:
The period to be used and the range of the CCI bands ( by default)
The slow SMA period to be used and the price percentage variation to react for bullish/bearish
Consecutive number of bullish/bearish in order to consider the CCI as a trend confirmation rather than a price reversal
3 Inside Up / DownThree Inside Up/Down Indicator — Scans completed bars for “Three Inside” reversal formations and plots non repainting green (bullish) or red (bearish) triangles on Candle 3.
Alerts can be configured in TradingView’s Alerts menu to notify you when a pattern is detected.
Note: This indicator should *not* be used alone. Combine with other technical analysis (e.g., range theory to identify bullish signals at discount and bearish signals at premium) to filter for higher-probability setups.
Bullish example taking place at the lower side of the 100K 110K Bitcoin range:
Bullish example taking place at the absolute bottom of the Bear Market:
Crude Command™ – Institutional Reversal EngineCrude Command™ – Institutional Reversal Engine for Crude Oil Futures
Script Purpose
This tool is designed for structured analysis of crude oil markets, including both continuous futures (CL1!) and spot CFDs (XTIUSD). It highlights potential reversal areas where price behavior, volume absorption, and structural filters align within institutional logic.
Optimized for short-term and intraday use, the script supports 5-minute, 15-minute, and 1-hour timeframes. It adapts to different regional sessions (New York, Europe, Asia) using a configurable session filter.
How It Works
* Compares real-time price behavior with directional context to detect potential institutional reversals
* Analyzes volume patterns and range compression for signs of absorption or exhaustion
* Filters out low-quality setups using adaptive technical thresholds specific to each timeframe
* Shows visual markers on the chart (with optional audio cues) when contextual criteria based on price action and volume are met
* Mentor Mode provides bilingual (English/Spanish) visual prompts to help interpret market context when enabled
Customization Options
* Language: English or Spanish
* Regional session filter: New York, Europe, Asia, or Global
* Enable/disable visual markers and Mentor Mode
* Customize icon styles, sizes, and colors
* Optional sound notifications
Recommended Use
* Apply to crude oil futures (CL1!, WTI) or CFDs (XTIUSD)
* Use on 5-minute, 15-minute, or 1-hour timeframes
* Suitable for discretionary traders focused on institutional-style reversal patterns
Instructions
1. Add the script to your chart
2. Select your preferred language and trading session
3. Configure visual and audio settings in the Inputs panel
4. Monitor the chart for institutional context and potential reversal setups
Optional Display Tip
For a cleaner chart appearance, you may right-click the indicator title and uncheck ‘Input Values’ and ‘Indicator Values’ in the chart panel. This adjustment is purely visual and does not affect indicator performance.
Joh Milanoski Green Red Reversal Indicator 12.26.2024📊 PURPOSE:
This indicator identifies potential trend reversal points by monitoring trend changes. It's meant to be used on 6 hr or less charts and will provide you a trend direction for trading and likely pinpoint significant reversals. It provides visual signals when the market momentum shifts from
bearish to bullish (or vice versa).
🎯 HOW TO USE:
1. SELECT TIMEFRAME: Choose a higher timeframe (30m-1D) analysis
2. WATCH FOR SIGNALS:
• Green Triangle (▲) = BUY signal when HA changes from red to green
• Red Triangle (▼) = SELL signal when HA changes from green to red
3. PRICE LABELS: Real-time 5-minute prices are displayed next to each signal
4. BACKGROUND: Chart background reflects current HA trend (green=bullish, red=bearish)
5. ALERTS: Enable alerts to get notified when signals trigger
⚙️ KEY SETTINGS:
• Use any timeframe you want for your main chart, you set the indicator Higher timeframe for trend analysis in the TimeFrame Settings (default: 6H)
• Triangle Size: Visual size of signal markers (tiny/small/normal/large)
• Label Offset: Distance of price labels from triangles (in pips)
• Triangle Distance: Space between triangles and candles (in pips)
• Colors: Customizable buy/sell triangle colors
• Background: Trend background with adjustable transparency
Enjoy.
happy trading
John Milanoski
