PROTECTED SOURCE SCRIPT
Reversal Strategy
Reversal Strategy – Intelligent Mean Reversion
Description: This indicator is designed to identify high-probability market reversals and "dip-buying" opportunities. Instead of relying on a single metric, it uses a confluence scoring system based on 5 technical factors: RSI, Stochastics, Bollinger Bands, Moving Averages, and Price Reversal.
The script calculates a Buy Score (0-5) in real-time. A BUY signal is generated only when the score reaches at least 3/5, confirming that multiple oversold conditions are met simultaneously.
Key Features:
Smart Scoring: Filters out weak signals by requiring confluence from multiple indicators.
Live Dashboard: Displays current indicator values, streaks, and the Buy Score directly on the chart.
Risk Management: Automatically plots Stop Loss and Take Profit levels when a signal is triggered.
Visual Zones: Highlights "Reversal Zones" (background color) when price drops significantly below the threshold.
Best used for: Mean reversion strategies and catching local bottoms in volatile markets.
Description: This indicator is designed to identify high-probability market reversals and "dip-buying" opportunities. Instead of relying on a single metric, it uses a confluence scoring system based on 5 technical factors: RSI, Stochastics, Bollinger Bands, Moving Averages, and Price Reversal.
The script calculates a Buy Score (0-5) in real-time. A BUY signal is generated only when the score reaches at least 3/5, confirming that multiple oversold conditions are met simultaneously.
Key Features:
Smart Scoring: Filters out weak signals by requiring confluence from multiple indicators.
Live Dashboard: Displays current indicator values, streaks, and the Buy Score directly on the chart.
Risk Management: Automatically plots Stop Loss and Take Profit levels when a signal is triggered.
Visual Zones: Highlights "Reversal Zones" (background color) when price drops significantly below the threshold.
Best used for: Mean reversion strategies and catching local bottoms in volatile markets.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.