Bhuvana Retrace Predictor

It’s a “retracement warning + confirmation” tool. Nothing more.

Concept in simple words

Price runs too far too fast

The script uses EMA + ATR bands to detect when price is “stretched” (far from normal).

The run is losing power

It checks RSI divergence:

Price makes a new high but RSI doesn’t → buyers are getting weaker.

Price makes a new low but RSI doesn’t → sellers are getting weaker.

It waits for proof the pullback started

It then waits for a small structure break:

For a drop: price closes below a recent minor low.

For a bounce: price closes above a recent minor high.

What each label means

SETUP = “Retracement is likely soon” (don’t chase).

CONFIRM = “Retracement probably started” (now it’s tradable).

Brutal truth

This doesn’t predict perfectly. It just stacks 3 common signs:
overextended + weakening momentum + structure break.