OPEN-SOURCE SCRIPT
Trend + Reversal Probability
This indicator is designed to show when a trend may be close to ending and when price may be preparing to move in the opposite direction. The goal is not to predict every turn perfectly, but to give a clear and simple warning that the current direction is losing strength.
When the market has been moving up for some time, the indicator looks for signs that buyers are becoming weaker. When the market has been moving down, it looks for signs that sellers are becoming weaker. Once these conditions appear together, the indicator shows that a reversal may be starting.
To keep it easy to read, the indicator should answer only three questions:
1. What is the current trend?
It should clearly say whether the market is currently bullish or bearish.
2. Is the current trend getting weaker?
It should show whether the trend is still strong or whether momentum is fading.
3. What is the probability of a reversal?
It should display a simple message such as:
Low reversal risk
Moderate reversal risk
High reversal risk
A good reversal indicator should avoid confusion. It should not overload the chart with too many signals. Instead, it should give one simple reading that anyone can understand immediately. For example:
Trend: Bullish
Reversal Risk: High
Meaning: Uptrend still active, but chance of turning downward is increasing
Or:
Trend: Bearish
Reversal Risk: Low
Meaning: Downtrend remains strong, no clear sign of reversal yet
The easiest way to build this kind of indicator is to combine three simple ideas:
Trend direction: determine whether price is above or below important moving averages.
Momentum weakening: check whether momentum is slowing down.
Exhaustion signal: detect when the move may have gone too far and is vulnerable to turning.
So the indicator becomes easy to understand because it does not just throw arrows on the chart. It explains the situation in plain language:
Current trend + strength of trend + chance of reversal
When the market has been moving up for some time, the indicator looks for signs that buyers are becoming weaker. When the market has been moving down, it looks for signs that sellers are becoming weaker. Once these conditions appear together, the indicator shows that a reversal may be starting.
To keep it easy to read, the indicator should answer only three questions:
1. What is the current trend?
It should clearly say whether the market is currently bullish or bearish.
2. Is the current trend getting weaker?
It should show whether the trend is still strong or whether momentum is fading.
3. What is the probability of a reversal?
It should display a simple message such as:
Low reversal risk
Moderate reversal risk
High reversal risk
A good reversal indicator should avoid confusion. It should not overload the chart with too many signals. Instead, it should give one simple reading that anyone can understand immediately. For example:
Trend: Bullish
Reversal Risk: High
Meaning: Uptrend still active, but chance of turning downward is increasing
Or:
Trend: Bearish
Reversal Risk: Low
Meaning: Downtrend remains strong, no clear sign of reversal yet
The easiest way to build this kind of indicator is to combine three simple ideas:
Trend direction: determine whether price is above or below important moving averages.
Momentum weakening: check whether momentum is slowing down.
Exhaustion signal: detect when the move may have gone too far and is vulnerable to turning.
So the indicator becomes easy to understand because it does not just throw arrows on the chart. It explains the situation in plain language:
Current trend + strength of trend + chance of reversal
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.