Smart Reversal Signal (Stoch + RSI + EQH/EQL) - TF + Lookback

20 saat önce

📌 Smart Reversal Signal (Stoch + RSI + EQH/EQL)
This custom TradingView indicator identifies potential trend reversal signals using a combination of Stochastic Oscillator, Relative Strength Index (RSI), and Equal Highs/Lows (EQH/EQL) based on a higher timeframe.
✅ Key Features:
Stochastic %K and %D Cross
Detects bullish reversal when %K crosses above %D in oversold zone (< 20)
Detects bearish reversal when %K crosses below %D in overbought zone (> 80)
RSI Signal Confirmation
Bullish when RSI crosses above the oversold level (e.g., 30)
Bearish when RSI crosses below the overbought level (e.g., 70)
Equal High / Low Zones (EQH/EQL)
Confirms price is reversing near previous unbroken highs/lows (within % tolerance)
Uses customizable higher timeframe (e.g., 1H) and user-defined lookback period
Buy Signal:
RSI crosses up from oversold
Stochastic %K crosses above %D
Price near an Equal Low (EQL)
Sell Signal:
RSI crosses down from overbought
Stochastic %K crosses below %D
Price near an Equal High (EQH)
Visual Aids:
Background highlights (green for Buy, red for Sell)
RSI and Stochastic plots with overbought/oversold levels
Alert conditions for Buy and Sell triggers
⚙️ Customizable Inputs:
Stochastic and RSI lengths
Overbought/Oversold levels
Tolerance for EQH/EQL zones (%)
Timeframe for EQH/EQL detection
Lookback bars to define EQ zones
📈 Use Case:
This indicator helps traders detect high-probability reversal zones by aligning:
Momentum shifts (via RSI & Stochastic)
Price structure zones (EQH/EQL)
Ideal for swing trading, mean reversion strategies, or trend reversal confirmations.

9 saat önce

Sürüm Notları

Pine Script code that fully integrates the following:
RSI + Stochastic cross signals
EQH/EQL from a higher timeframe
Candlestick reversal patterns:
Hammer / Hanging Man
Shooting Star
Morning Star / Evening Star