INVITE-ONLY SCRIPT
ChaosSN Reversal Signal v2
Updated
I calculated various metrics to measure exhaustion and mean diversion to plot arrows for a likely reversal point.
Use the input window to tailor the sensitivity of the arrows based on the amount of volatility your chart is experiencing (lower = more sensistive). The most common inputs for me are 8, 13, 21.
v2 Update:
Tweaked under the hood and added some bar colors.
Purple Bar = a secondary reversal indicator. Alignment with an arrow makes it a very strong signal.
Yellow Bar = pause in the action and a large move may occur soon
Use the input window to tailor the sensitivity of the arrows based on the amount of volatility your chart is experiencing (lower = more sensistive). The most common inputs for me are 8, 13, 21.
v2 Update:
Tweaked under the hood and added some bar colors.
Purple Bar = a secondary reversal indicator. Alignment with an arrow makes it a very strong signal.
Yellow Bar = pause in the action and a large move may occur soon
Release Notes
Added alarms for reversalsRelease Notes
Added new labels for cleaner chart and an extra optional reversal fractal indicator.Invite-only script
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Author's instructions
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