TOP & Bottom Finder

The TOP & Bottom Finder is a trend-reversal detection indicator that identifies potential market tops and bottoms based on RSI (Relative Strength Index), ATR (Average True Range), and price action. It helps traders spot overbought and oversold conditions to anticipate trend reversals.

Key Features:
✔ Identifies market tops & bottoms using RSI-based conditions.
✔ Detects oversold & overbought levels to highlight potential reversals.
✔ Uses ATR to confirm price proximity to support/resistance.
✔ Plots arrows on the chart when conditions for tops or bottoms are met.

How It Works:
Bottom Finder (Detects Market Lows)
1️⃣ RSI must be oversold → RSI below a sensitivity threshold (29).
2️⃣ Price near support level → Close price must be close to a recent low.
3️⃣ Bullish rejection candle → The candle should close higher than it opened.
4️⃣ All conditions must align → A bottom signal (up arrow) is generated.

🟢 Bottom Signal (White Arrow Up) → Indicates a potential bullish reversal.

Top Finder (Detects Market Highs)
1️⃣ RSI-based overbought detection → Uses an alternative RSI method to measure price strength.
2️⃣ High RSI triggers sell signal → When RSI crosses the threshold (89).
3️⃣ A top signal is plotted → Suggesting a possible bearish reversal.

🔴 Top Signal (White Arrow Down) → Indicates a potential bearish reversal.

Interpreting Signals:
✅ Bottom Finder → Suggests a buy opportunity when the market is oversold.
❌ Top Finder → Suggests a sell opportunity when the market is overbought.

The TOP & Bottom Finder is useful for traders looking to enter positions near support and exit near resistance. It works best when combined with other technical indicators like trend analysis, moving averages, or volume-based signals to confirm reversals.