Fake green bar retracement(Bullish Reversal)

Fake Green Bar Retracement Indicator( Bullish Reversal) for TradingView

Product Overview:

The "Fake Green Bar Retracement Indicator" is a sophisticated, highly effective TradingView indicator designed specifically for traders who want to identify and capitalize on false breakouts and potential reversal points with high precision. Utilizing a unique combination of RSI triggers, cumulative volume delta analysis, and a customized Supertrend indicator, this tool pinpoints optimal sell signals after fake bullish moves.

Works best on a 5-minute timeframe.

Can also be effectively used across other timeframes.

Ideal for stocks and indices where volume bars are available.

Key Features:

RSI-Based Trigger:

Detects critical overbought conditions using RSI, signaling potential exhaustion of bullish momentum.

Cumulative Delta & Supertrend Integration:

Combines cumulative delta (volume-based price action) with Supertrend to confirm reversals, ensuring high-probability entries.

Normalized Volume Analysis:

Verifies volume strength across green candles, filtering signals and minimizing false alerts.

Daily Session Reset:

Automatically resets at the beginning of each trading day, ensuring fresh, actionable insights for intraday traders.

Customizable Alerts & Signals:

Includes built-in TradingView alerts and clear visual markers (red triangles) for easy trade identification.

Ideal For:

Intraday traders

Scalpers

Swing traders

Traders focusing on momentum and volume-based strategies

How to Use:

Apply the indicator to your TradingView chart.

Look for the subsequent red candle with triangle sign.

Check for your support and resistance for additional confirmation.

Execute sell trades confidently when these conditions align.

What's Included:

Access to the fully automated Pine Script indicator.

User-friendly setup instructions.

Lifetime updates.

Disclaimer:
Trading involves risk. Ensure you test the indicator thoroughly on demo accounts before using it on live trades. Results may vary based on market conditions and trading skill.