OPEN-SOURCE SCRIPT
MA Slope Turn + OL/OH + 1m Spike (NR) — live
This indicator identifies trend reversals using moving average slope turns, with additional filters for price action (Open≈Low/Open≈High) and volume spikes. Here's how it works:
Core Logic
Moving Average Calculation:
Calculates selected MA type (SMA, WMA, RMA, HMA, Triangular)
Plots MA line colored by slope direction (green=up, red=down)
Slope Detection:
slope = current MA - previous MA
Valid turn requires:
Minimum slope magnitude (minSlope)
Slope direction change (positive→negative or negative→positive)
Additional Filters:
Open≈Low (BUY): (Open - Low) ≤ Tolerance% of Open
Open≈High (SELL): (High - Open) ≤ Tolerance% of Open
1m Volume Spike: Volume ≥ (SMA(volume) × Multiplier) in last N minutes
Core Logic
Moving Average Calculation:
Calculates selected MA type (SMA, WMA, RMA, HMA, Triangular)
Plots MA line colored by slope direction (green=up, red=down)
Slope Detection:
slope = current MA - previous MA
Valid turn requires:
Minimum slope magnitude (minSlope)
Slope direction change (positive→negative or negative→positive)
Additional Filters:
Open≈Low (BUY): (Open - Low) ≤ Tolerance% of Open
Open≈High (SELL): (High - Open) ≤ Tolerance% of Open
1m Volume Spike: Volume ≥ (SMA(volume) × Multiplier) in last N minutes
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.