Reaction Point Method is based on the concept of Pivot Points that can be used to identify a reversal. These reversals can be tracked for further action. Ideally this method is useful for Intraday play and gives defined opportunity to the traders.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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