Candle Color Reversal Pattern (CCRP) with Alerts

The Candle Color Reversal Pattern (CCRP) is a simple yet highly effective reversal concept that I coined and personally use in my own trading. It's designed to spot exhaustion after a streak of candles in one direction, followed by a potential reversal.

Here’s how it works:

• After a series of consecutive candles in one color (red or green), I watch for a candle of the opposite color to appear — this is the reversal candle.
  
  
• If the next candle breaks the high (for green reversal) or low (for red reversal), it confirms the potential entry.
  
  
• This script includes:
  
  
• Reversal "heads-up" signals
  
  
• Confirmed entry triggers
  
  
• Adjustable streak settings
  
  
• Customizable marker sizes
  
  
• Alerts to keep you ahead of the move
  

I’ve used this across all timeframes and asset classes — and while it works everywhere, I’ve found the higher the timeframe, the stronger the signal.

If you're looking for a clean, rule-based reversal setup that keeps you disciplined and objective, this is one you’ll want to test and make part of your playbook.

Feel free to check out more of my work and join the community over at AdexTrades.

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