OPEN-SOURCE SCRIPT
Updated Trend Reversal Buy and sell signal
Always check the previous candle before you enter a trade. If the previous candle is colored in yellow then there's a higher probability. Do not enter if the signal candle body size is too small compared to the previous one.
Release Notes
Best suited for range or mild trend phases. Avoid using it in strongly trending or aggressively directional marketsRelease Notes
Best suited for range or mild trend phases. Avoid using it in strongly trending or aggressively directional marketsRelease Notes
updated Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.