OPEN-SOURCE SCRIPT
Updated ExtremeRev, WickRev, Bar Breakout & Doji Rev Pivot Boss
This script is based on concepts from "Secrets of a Pivot Boss" by Frank Ochoa, but it is an independent custom implementation designed for better efficiency, accuracy, and flexibility.
Feel free to adjust the script, as it is just all 4 systems added to one script from the book.
✅ Extreme Reversal (ExtremeRev) – Identifies extreme bars that are significantly larger than average, signaling possible snapback reversals.
✅ Wick Reversal (WickRev) – Detects long-wick candlesticks that indicate potential reversals, such as pin bars, hammer, and shooting star formations.
✅ Doji Reversal (DojiRev) – Recognizes doji candlesticks that form above resistance or below support, marking strong indecision and potential reversals.
✅ Bar Breakout System – Identifies breakout bars that surpass previous highs/lows with a strong range expansion.
⚙️ Customizable Inputs
Enable/Disable Each System (Trade only the setups that fit your strategy)
Adjust Sensitivity (Wick size, body percentage, lookback periods, moving averages)
Alerts for Trade Notifications (Get notified when a signal appears)
Feel free to adjust the script, as it is just all 4 systems added to one script from the book.
✅ Extreme Reversal (ExtremeRev) – Identifies extreme bars that are significantly larger than average, signaling possible snapback reversals.
✅ Wick Reversal (WickRev) – Detects long-wick candlesticks that indicate potential reversals, such as pin bars, hammer, and shooting star formations.
✅ Doji Reversal (DojiRev) – Recognizes doji candlesticks that form above resistance or below support, marking strong indecision and potential reversals.
✅ Bar Breakout System – Identifies breakout bars that surpass previous highs/lows with a strong range expansion.
⚙️ Customizable Inputs
Enable/Disable Each System (Trade only the setups that fit your strategy)
Adjust Sensitivity (Wick size, body percentage, lookback periods, moving averages)
Alerts for Trade Notifications (Get notified when a signal appears)
Release Notes
This script is based on concepts from "Secrets of a Pivot Boss" by Frank Ochoa, but it is an independent custom implementation designed for better efficiency, accuracy, and flexibility.Feel free to adjust the script, as it is just all 4 systems added to one script from the book.
✅ Extreme Reversal (ExtremeRev) – Identifies extreme bars that are significantly larger than average, signaling possible snapback reversals.
✅ Wick Reversal (WickRev) – Detects long-wick candlesticks that indicate potential reversals, such as pin bars, hammer, and shooting star formations.
✅ Doji Reversal (DojiRev) – Recognizes doji candlesticks that form above resistance or below support, marking strong indecision and potential reversals.
✅ Bar Breakout System – Identifies breakout bars that surpass previous highs/lows with a strong range expansion.
⚙️ Customizable Inputs
Enable/Disable Each System (Trade only the setups that fit your strategy)
Adjust Sensitivity (Wick size, body percentage, lookback periods, moving averages)
Alerts for Trade Notifications (Get notified when a signal appears)
----UPDThis script is based on concepts from "Secrets of a Pivot Boss" by Frank Ochoa, but it is an independent custom implementation designed for better efficiency, accuracy, and flexibility.
Feel free to adjust the script, as it is just all 4 systems added to one script from the book.
✅ Extreme Reversal (ExtremeRev) – Identifies extreme bars that are significantly larger than average, signaling possible snapback reversals.
✅ Wick Reversal (WickRev) – Detects long-wick candlesticks that indicate potential reversals, such as pin bars, hammer, and shooting star formations.
✅ Doji Reversal (DojiRev) – Recognizes doji candlesticks that form above resistance or below support, marking strong indecision and potential reversals.
✅ Bar Breakout System – Identifies breakout bars that surpass previous highs/lows with a strong range expansion.
⚙️ Customizable Inputs
Enable/Disable Each System (Trade only the setups that fit your strategy)
Adjust Sensitivity (Wick size, body percentage, lookback periods, moving averages)
Alerts for Trade Notifications (Get notified when a signal appears)
----UPDATED----
✅ Bar Breakout System (Outside Reversal System):
A long breakout only happens after a downward move (red candle).
A short breakout only happens after an upward move (green candle).
Release Notes
chart cleaned 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.
For quick access on a chart, add this script to your favorites — 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.
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.
For quick access on a chart, add this script to your favorites — 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.