Bottom X Candle
Bottom X Candle — Extreme Bottom Detection (Last Signal Only)
Short Title:
Bottom X - Candle
Tags:
bottom, reversal, exhaustion, swing-low, candle-pattern, signal, market-structure, trend
Short Description:
An extreme bottom detection indicator that highlights the most recent potential reversal point only.
Full Description:
The Bottom X Candle indicator is designed to detect potential extreme market bottoms by analyzing price behavior across multiple lookback ranges.
It focuses on identifying exhaustion points where price reaches a new relative low, signaling a possible early-stage reversal or stabilization area.
To maintain clarity and reduce chart noise, the indicator displays only the most recent valid signal, making it ideal for traders who prefer clean charts and clear decision points.
How It Works
The indicator evaluates price action to identify a synchronized low across short-term and mid-term ranges.
A signal is generated when price establishes a fresh downside extreme compared to previous market structure, suggesting potential seller exhaustion.
When conditions are met:
A “Bottom X” label is plotted at the latest detected bottom
Only the last confirmed signal remains visible on the chart
Earlier signals are automatically removed
Key Features
Extreme bottom detection based on multi-range price behavior
Displays last signal only for maximum chart clarity
Adjustable label size and text color
Works on all markets and timeframes
Built-in alert for real-time notifications
Non-repainting logic (signals confirm after formation)
Use Cases
Spotting potential market exhaustion zones
Identifying early reversal areas
Supporting swing and position trading decisions
Confluence tool alongside trend or momentum indicators
Reducing overtrading by focusing on the latest valid setup only
Notes
The indicator highlights potential bottoms, not guaranteed reversals.
Best used in combination with trend confirmation or additional analysis.
Signal placement is based on confirmed historical price data.
Disclaimer
This script is for educational and analytical purposes only and does not constitute financial advice.
Trading involves risk; always confirm signals using additional tools and proper risk management.
Developer
Developed by Abdulrahman Alotaibi — Scripts
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact AbunawafAlotabi directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact AbunawafAlotabi directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.