OPEN-SOURCE SCRIPT
Exhaustion Reversal Signals - ENHANCED
Overview
This is a reversal detection indicator that combines multiple technical analysis components to identify potential market turning points.
Core Components
1. Range Oscillator
Measures price deviation from a moving average (EMA/SMA) normalized by ATR
Values above +100 = bullish exhaustion zone
Values below -100 = bearish exhaustion zone
Detects momentum flattening (slope deceleration)
2. Stochastic Oscillator
Standard %K and %D with customizable parameters
Crossover detection (K crossing above/below D)
Oversold (<20) and Overbought (>80) zones
Momentum calculation (rate of change in K)
3. 🚀 Advanced Features
Early Detection System:
Identifies momentum exhaustion before confirmed crossovers
Detects when oscillator slope flattens (approaching zero)
Provides "advance warning" signals with relaxed thresholds
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Trend Filter:
50-period EMA for trend context
Three strength modes:
Soft: Allow all signals
Medium: Prefer trend-aligned signals
Strict: Only counter-trend reversals
Confidence Scoring (0-100%):
Oscillator extremity (30 pts)
Stochastic position (25 pts)
K-D divergence strength (20 pts)
Momentum alignment (15 pts)
Trend alignment (10 pts)
Minimum confidence threshold filtering
Visual Enhancements:
Dynamic background gradient (red→green based on oscillator)
Momentum bar coloring when slope flattens
Transparency adjustments based on momentum
This is a reversal detection indicator that combines multiple technical analysis components to identify potential market turning points.
Core Components
1. Range Oscillator
Measures price deviation from a moving average (EMA/SMA) normalized by ATR
Values above +100 = bullish exhaustion zone
Values below -100 = bearish exhaustion zone
Detects momentum flattening (slope deceleration)
2. Stochastic Oscillator
Standard %K and %D with customizable parameters
Crossover detection (K crossing above/below D)
Oversold (<20) and Overbought (>80) zones
Momentum calculation (rate of change in K)
3. 🚀 Advanced Features
Early Detection System:
Identifies momentum exhaustion before confirmed crossovers
Detects when oscillator slope flattens (approaching zero)
Provides "advance warning" signals with relaxed thresholds
............................................................................................
Trend Filter:
50-period EMA for trend context
Three strength modes:
Soft: Allow all signals
Medium: Prefer trend-aligned signals
Strict: Only counter-trend reversals
Confidence Scoring (0-100%):
Oscillator extremity (30 pts)
Stochastic position (25 pts)
K-D divergence strength (20 pts)
Momentum alignment (15 pts)
Trend alignment (10 pts)
Minimum confidence threshold filtering
Visual Enhancements:
Dynamic background gradient (red→green based on oscillator)
Momentum bar coloring when slope flattens
Transparency adjustments based on momentum
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.