INVITE-ONLY SCRIPT
Trading Ninjaa - Reversal Alert
Trading Ninjaa - Reversal Alert
Overview: The "Trading Ninjaa - Reversal Alert" indicator is designed to help traders identify potential market reversals by analyzing the strength of trends using the RSI and MACD indicators. This tool provides visual alerts when strong reversal conditions are met, allowing traders to make informed decisions.
Key Features:
RSI and MACD Integration: The indicator combines the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) to assess market momentum and trend strength.
Reversal Signals: The indicator marks potential reversal points with small black "X" labels on the chart when strong bullish or bearish conditions are detected:
A strong uptrend is indicated when the RSI is above 70 and the MACD line is above the signal line.
A strong downtrend is indicated when the RSI is below 30 and the MACD line is below the signal line.
Visual Alerts: The indicator provides clear visual cues on the chart, making it easy for traders to spot potential reversal opportunities.
How to Use the Trading Ninjaa - Reversal Alert Indicator
Add the Indicator to Your Chart:
Open TradingView and select the asset you want to analyze.
Click on the "Indicators" button and search for "Trading Ninjaa - Reversal Alert" to add it to your chart.
Customize Input Parameters:
Click on the gear icon next to the indicator name in the chart legend to open the settings.
Adjust the input parameters for RSI and MACD according to your trading strategy. The default settings are typically:
RSI Length: 14
MACD Fast Length: 12
MACD Slow Length: 26
MACD Signal Length: 9
Interpret the Signals:
Bullish Reversal: Look for a small black "X" label above the price bar when the indicator detects a strong uptrend. This suggests a potential reversal to the upside.
Bearish Reversal: Look for a small black "X" label below the price bar when the indicator detects a strong downtrend. This suggests a potential reversal to the downside.
Combine with Other Analysis Tools:
Use the "Trading Ninjaa - Reversal Alert" indicator in conjunction with other technical analysis tools, such as support and resistance levels or candlestick patterns, to confirm reversal signals.
Monitor Market Conditions:
Regularly check the indicator to stay updated on potential reversal points and adjust your trading strategy accordingly.
Disclaimer:
The "Trading Ninjaa - Reversal Alert" indicator is intended for educational purposes only and should not be considered financial advice. Always conduct thorough research and analysis before making trading decisions.
Overview: The "Trading Ninjaa - Reversal Alert" indicator is designed to help traders identify potential market reversals by analyzing the strength of trends using the RSI and MACD indicators. This tool provides visual alerts when strong reversal conditions are met, allowing traders to make informed decisions.
Key Features:
RSI and MACD Integration: The indicator combines the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) to assess market momentum and trend strength.
Reversal Signals: The indicator marks potential reversal points with small black "X" labels on the chart when strong bullish or bearish conditions are detected:
A strong uptrend is indicated when the RSI is above 70 and the MACD line is above the signal line.
A strong downtrend is indicated when the RSI is below 30 and the MACD line is below the signal line.
Visual Alerts: The indicator provides clear visual cues on the chart, making it easy for traders to spot potential reversal opportunities.
How to Use the Trading Ninjaa - Reversal Alert Indicator
Add the Indicator to Your Chart:
Open TradingView and select the asset you want to analyze.
Click on the "Indicators" button and search for "Trading Ninjaa - Reversal Alert" to add it to your chart.
Customize Input Parameters:
Click on the gear icon next to the indicator name in the chart legend to open the settings.
Adjust the input parameters for RSI and MACD according to your trading strategy. The default settings are typically:
RSI Length: 14
MACD Fast Length: 12
MACD Slow Length: 26
MACD Signal Length: 9
Interpret the Signals:
Bullish Reversal: Look for a small black "X" label above the price bar when the indicator detects a strong uptrend. This suggests a potential reversal to the upside.
Bearish Reversal: Look for a small black "X" label below the price bar when the indicator detects a strong downtrend. This suggests a potential reversal to the downside.
Combine with Other Analysis Tools:
Use the "Trading Ninjaa - Reversal Alert" indicator in conjunction with other technical analysis tools, such as support and resistance levels or candlestick patterns, to confirm reversal signals.
Monitor Market Conditions:
Regularly check the indicator to stay updated on potential reversal points and adjust your trading strategy accordingly.
Disclaimer:
The "Trading Ninjaa - Reversal Alert" indicator is intended for educational purposes only and should not be considered financial advice. Always conduct thorough research and analysis before making trading decisions.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Tradingninjaa-com for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″Author Instructions for Access Requests
Thank you for your interest in the Trading Ninjaa indicators! To request access to our invite-only scripts, please follow the instructions below:
1. Contact Us Directly:
Send an email to tradingninjaa@gmail.com wit
Want to use this script on a chart?
Warning: please read before requesting access.
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.