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OPEN-SOURCE SCRIPT

Indicator "Preço de Fechamento de Reversão"

By Rgto
  • IMPORTANT: Filter entries with Stochastic. Oversold for long and Overbought for short


Marks candles following setup created by Analyst "Stormer" from Brazil.
This setup was not created or modified in any way by me.

Input configuration toggles marking by triangles above or below candles or change of candle color as following:

For Long Entry - Gray Candle or Green Triangle Above Candle:
Lower low than previous low and higher close than previous close


For Short Entry - Black Candle or Red Triangle Below Candle:
Higher high than previous high and lower close than previous close


snapshot
Candlestick Analysisreversalreversalpatternsetupstormer

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 publication is governed by House rules. You can favorite it to use it on a chart.

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Rgto

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