Stochastic for Reversal Predict [yoxxx] Usable for all markets, all time frames. (The bull bear sup/res lines are specific for stocks, but differ just a little to other instruments.)
This script is more likely a method support than a study - and your exit from the default stochastic club:
Most people use Stoch for ins and outs by 20 rsp 80 (a default behavior MM know well to deal with). C.G. Lane, the inventor of this indicator,
however used it to find divergences with quote (price / close) to predict reversals. Constance Brown refined this method by laying
a fix time cycle underneath the chart that is in rhythm with specific highs or lows of a stock or an index.
The length of one cycle divided by 2 equals the proper value for %D specified for that stock /index. The script offers an input for this specific value.
C. Brown stresses that good signals are only given within the bull or bear ranges (20-65 for bear markets, 40-80 for bull markets).
For your convenience, I laid these areas underneath the graphs. You can automate the divergence research (relative to quote)
by using my script "Bull Bear Divergence Indicator". Feedback welcome. Have fun and success.
Reversal
[AN] Traders Magic OscilatorsOscillator that determines the current trend and signals possible trend reversals.
Best used alongside Gaussian Trendlines ()
Kawabunga Swing Failure Points Candles (SFP) by RRBKawabunga Swing Failure Points Candles (SFP) by RagingRocketBull 2019
Version 1.0
This indicator shows Swing Failure Points (SFP) and Swing Confirmation Points (SCP) as candles on a chart.
SFP/SCP candles are used by traders as signals for trend confirmation/possible reversal.
The signal is stronger on a higher volume/larger candle size.
A Swing Failure Point (SFP) candle is used to spot a reversal:
- up trend SFP is a failure to close above prev high after making a new higher high => implies reversal down
- down trend SFP is a failure to close below prev low after making a new lower low => implies reversal up
A Swing Confirmation Point (SCP) candle is just the opposite and is used to confirm the current trend:
- up trend SCP is a successful close above prev high after making a new higher high => confirms the trend and implies continuation up
- down trend SCP is a successful close below prev low after making a new lower low => confirms the trend and implies continuation down
Features:
- uses fractal pivots with optional filter
- show/hide SFP/SCP candles, pivots, zigzag, last min/max pivot bands
- dim lag zones/hide false signals introduced by lagging fractals or
- use unconfirmed pivots to eliminate fractal lag/false signals. 2 modes: fractals 1,1 and highest/lowest
- filter only SFP/SCP candles confirmed with volume/candle size
- SFP/SCP candles color highlighting, dim non-important bars
Usage:
- adjust fractal settings to get pivots that best match your data (lower values => more frequent pivots. 0,0 - each candle is a pivot)
- use one of the unconfirmed pivot modes to eliminate false signals or just ignore all signals in the gray lag zones
- optionally filter only SFP/SCP candles with large volume/candle size (volume % change relative to prev bar, abs candle body size value)
- up/down trend SCP (lime/fuchsia) => continuation up/down; up/down trend SFP (orange/aqua) => possible reversal down/up. lime/aqua => up; fuchsia/orange => down.
- when in doubt use show/hide pivots/unconfirmed pivots, min/max pivot bands to see which prev pivot and min/max value were used in comparisons to generate a signal on the following candle.
- disable offset to check on which bar the signal was generated
Notes:
Fractal Pivots:
- SFP/SCP candles depend on fractal pivots, you will get different signals with different pivot settings. Usually 4,4 or 2,2 settings are used to produce fractal pivots, but you can try custom values that fit your data best.
- fractal pivots are a mixed series of highs and lows in no particular order. Pivots must be filtered to produce a proper zigzag where ideally a high is followed by a low and another high in orderly fashion.
Fractal Lag/False Signals:
- only past fractal pivots can be processed on the current bar introducing a lag, therefore, pivots and min/max pivot bands are shown with offset=-rightBars to match their target bars. For unconfirmed pivots an offset=-1 is used with a lag of just 1 bar.
- new pivot is not a confirmed fractal and "does not exist yet" while the distance between it and the current bar is < rightBars => prev old fractal pivot in the same dir is used for comparisons => gives a false signal for that dir
- to show false signals enable lag zones. SFP/SCP candles in lag zones are false. New pivots will be eventually confirmed, but meanwhile you get a false signal because prev pivot in the same dir was used instead.
- to solve this problem you can either temporary hide false signals or completely eliminate them by using unconfirmed pivots of a smaller degree/lag.
- hiding false signals only works for history and should be used only temporary (left disabled). In realtime/replay mode it disables all signals altogether due to TradingView's bug (barcolor doesn't support negative offsets)
Unconfirmed Pivots:
- you have 2 methods to check for unconfirmed pivots: highest/lowest(rightBars) or fractals(1,1) with a min possible step. The first is essentially fractals(0,0) where each candle is a pivot. Both produce more frequent pivots (weaker signals).
- an unconfirmed pivot is used in comparisons to generate a valid signal only when it is a higher high (> max high) or a lower low (< min low) in the dir of a trend. Confirmed pivots of a higher degree are not affected. Zigzag is not affected.
- you can also manually disable the offset to check on which bar the pivot was confirmed. If the pivot just before an SCP/SFP suddenly jumps ahead of it - prev pivot was used, generating a false signal.
- last max high/min low bands can be used to check which value was used in candle comparison to generate a signal: min(pivot min_low, upivot min_low) and max(pivot max_high, upivot max_high) are used
- in the unconfirmed pivots mode the max high/min low pivot bands partially break because you can't have a variable offset to match the random pos of an unconfirmed pivot (anywhere in 0..rightBars from the current bar) to its target bar.
- in the unconfirmed pivots mode h (green) and l (red) pivots become H and L, and h (lime) and l (fuchsia) are used to show unconfirmed pivots of a smaller degree. Some of them will be confirmed later as H and L pivots of a higher degree.
Pivot Filter:
- pivot filter is used to produce a better looking zigzag. Essentially it keeps only higher highs/lower lows in the trend direction until it changes, skipping:
- after a new high: all subsequent lower highs until a new low
- after a new low: all subsequent higher lows until a new high
- you can't filter out all prev highs/lows to keep just the last min/max pivots of the current swing because they were already confirmed as pivots and you can't delete/change history
- alternatively you could just pick the first high following a low and the first low following a high in a sequence and ignore the rest of the pivots in the same dir, producing a crude looking zigzag where obvious max high/min lows are ignored.
- pivot filter affects SCP/SFP signals because it skips some pivots
- pivot filter is not applied to/not affected by the unconfirmed pivots
- zigzag is affected by pivot filter, but not by the unconfirmed pivots. You can't have both high/low on the same bar in a zigzag. High has priority over Low.
- keep same bar pivots option lets you choose which pivots to keep when there are both high/low pivots on the same bar (both kept by default)
SCP/SFP Filters:
- you can confirm/filter only SCP/SFP signals with volume % change/candle size larger than delta. Higher volume/larger candle means stronger signal.
- technically SCP/SFP is always the first matching candle, but it can be invalidated by the following signal in the opposite dir which in turn can be negated by the next signal.
- show first matching SCP/SFP = true - shows only the first signal candle (and any invalidations that follow) and hides further duplicate signals in the same dir, does not highlight the trend.
- show first matching SCP/SFP = false - produces a sequence of candles with duplicate signals, highlights the whole trend until its dir changes (new pivot).
Good Luck! Feel free to learn from/reuse the code to build your own indicators!
Poseidon - [Swing High Low][Support and Resistance][Reversal]...A great indicator with tons of usages for technical analysis
Act as:
* Support and Resistance (It can be used as breakouts only if you drag the line manualy, it will never break it by itself)
* Swing points
* Reversal point (The candle will reverse in 90% in cases)
* Tops and Bottoms (It finds highest and lowest points)
... and many more TA for strategies
Combined with RSI will give even better overview of the chart
Play with values till you find what your needs are
The bigger value is, the more accurate points will be
(There is no such as magic indicators, you need to do your job, you need to know what are you doing before enter in real life!)
Cheers!
@Zekis
Historical Point and Figure BoxesThis indicator plots the last filled/completed Point and Figure block, overlaid onto any regular candles chart, for every historical candle.
The Pine security(pointfigure(...)...) function inappropriately associates the timestamps of both the "open" (start of column) and "close" (end of column) with the time at which the terminal reversal took place, which leads to invalid overlays when plotted over top of regular candles charts, regardless of barmerge.lookahead_on/off. This script solves that problem and plots each brick at the time it was confirmed.
V24: Released.
TBCRI - Trend Bar Color Reversal IndicatorAn idea I had today morning so I had to write. It seems to detect trends well. It has three phases like a semaphor, painting the chart bars of green, yellow or red.
=== Bar Color Meaning ===
Green: uptrend
Yellow: don't care
Red: downtrend
I think it can be useful!
Thanks!
spike reversal (lirshah)spike reversal indicator is an innovation of lirshah programming team,
this indicator is combination of several indicators with candle sticks patterns.
good accuracy on reverse points and ease of interpretation are strong points of this indicator.
calculation of this indicator is based on opening price of each bar which means the value of indicator is constant on each candle and no repaints occur.
vertex reversal indicator (lirshah)Vertex reversal Indicator is a combined oscillator that combines of several indicators : Momentum, Moving Averages and Bollinger Bands , which makes it possible to accurately predict the trend reversal.
the calculation of this indicator has been written based on the current bar interval so it dose not repaint on any time frame.
the indicator has shown good performance on different markets and can be reliable.
Trader Set - MTF Reversal Bar SignalsThis is Multi Tile Frame signalling of reversal bar strategy. Using this, you can easily Identify if you had a reversal bar signal in 1,2,3,4,5,10,15, and 30 minute based renko charts.
The more time frames get in sync with each other, the higher possibility for a more powerful signal.
The least you would need is for 1,2 and 3 minutes to have 2 out of 3 of them showing same signal.
Please don't ask for getting access, the licensing will be available for purchase soon in the website and I will announce it in the comment section.
Bull Bear Divergence IndicatorFor Constance Brown-like analysis with divergence signals between price and indicator (i.e. stock close / RSI divergence)
Using two different lines: an indicator high line for bearish, and an indi low line for bullish divergences
For your individual studies, choose your indicator and replace rsi in line 10 with it, any thing else is auto. Script bottom: optional comparison linse addable
Note1: The script only shows divergences to recent pivots, not between actual pivot and one "a few pivots ago"
Note2: Though reversal predictions with the example of SPLK here are quite good, in general better results are obtained with un-normalized indicators.
Indicator "Preço de Fechamento de Reversão"
IMPORTANT: Filter entries with Stochastic. Oversold for long and Overbought for short
Marks candles following setup created by Analyst "Stormer" from Brazil.
This setup was not created or modified in any way by me.
Input configuration toggles marking by triangles above or below candles or change of candle color as following:
For Long Entry - Gray Candle or Green Triangle Above Candle:
Lower low than previous low and higher close than previous close
For Short Entry - Black Candle or Red Triangle Below Candle:
Higher high than previous high and lower close than previous close
Leeloo RSI Reversal Short StrategyThis strategy is based on applying two moving averages to RSI and then opening a short position when the short-length average is above the slow-length average, has recently changed direction within the last n bars, and is in overbought territory.
Default settings work best on short intervals (5min)
Don't be afraid to use extended hours
Everything is based on last complete bar; once something shows up it is good to go
Trader Set - Signal HelperThis is a signalling helper indicator that combines parts of signalling sections of my methodology. Using the provided two parts, it's easy to identify good signals from false ones.
This helper indicator is developed just to make the trader's life easier to identify if there is a possible signal or not, if there is a signal, he/she would need to check other filters and sections of my methodology for approval of a possible trade.
Please don't contact me for access to the script. It'll will only be available for my students. Right now the English part of the website and learning material is under development, as soon as they are ready, I will announce it under each related script for those who are interested for participating in courses.
El TrotinatorScript to detect potential reversal zones.
Once you get a signal, hunt for candlestick formations in the direction of the signal.
Reversal Bar Signal TestReversal Bars are simple indicators I draw on modified uni renko bars. These simply indicates the bars that "can be" a sign of a reversal or at least a retrace in trend.
This is a test with a simple strategy to buy and sell on those reversal signals.
Keep in mind, all the strategies I am providing are single tool being tested. My methodology is a combination of all these tools with the concept being that if each tool can give good result in testing, the synergistic combination will be something that you wouldn't find anywhere else.
Please don't contact me about getting access to these strategies. These strategies are being developed for my students only.
Right now, the English version of website and learning material is under development, as soon as they are ready, there will be comments bellow every single one of the tool set related.
Mass IndexThis indicator was originally developed by Donald Dorsey (Stocks & Commodities, V.10:6 (June, 1992): "The Mass Index").
Specially for @AlexMayorov :
If indicator reaches 27 and then falls to below 26.5 then it could be a signal of potential trend reversal.
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.
Trend-Reverse Strategy
Trend-Reverse Strategy is a combination of these 2 scripts to use 5 min candle.
Hull MAxMABlack line - abs(hma-ma)
Red line - ATR
When Black line is above red – short time reversal
VJ_Holy_Trendline_IndicatorCan be used on any timeframe.
Gives you an idea of the overall trend.
Idea courtesy -> @shane73
Red indicates - Downtrend
Green indicates - Uptrend
Trend Reversal Alert Hybrid [T.R.A.H]This is extention of a hybrid of AlPos-Trend-Highlighter with Peaks and Bottoms Detector from All Time Fibo Channel .
It is a visualizer of Reversal Points and Trend Lines for the series of a T-R.A.S strategies that are available in my scripts.
* Note : I ended up frustrated, I must say, because when I run my strategy it works perfect, but when I add this visualizer and turn it into strategy for some reason that is beyond of my understanding of pinescript, results are different. I tried everything I could, but in the end decided to make two separately working scripts that one is an indicator and the other one is a strategy. And it's working that way WTH!?!?!? for some reason in SPX lime and aqua lines showed displaced from candles, but when you use it on crypto seems working perfect. Might be a difference in data.. Anyway, please test and comment.
Trend Reversal Alerts Strategy [4H/3M]This is advanced version of T-R.A.S with better logic adapted for 4hour / 3month timeframes