Get started
INVITE-ONLY SCRIPT
Updated

Hobbs Reversal Setup

28
This TradingView indicator attempts to identify price reversal conditions in the market by using multiple market measurements in confluence. This indicator can be useful in multiple timeframes and can be effective when used in confluence with other trading strategies like support/resistance and pattern continuation or breakout. Specifically, Hobbs Reversal Setup looks at:

Candle formation in relation to the prior candle (user configurable).

Candle volume in comparison to prior candle (user configurable).

Current trend in moving average convergence or divergence (user configurable).

Relative strength or weakness and length (use configurable).
Release Notes
This update corrects an issue with the alerts triggering prior to candle close and adjusts the default setting for the volume increase filter to "on".
Release Notes
Minor update to RSI reference criteria to increase indicator accuracy.

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact HobbsTrades directly.

Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Go to http://www.hobbstrades.com for more information.

Warning: please read our guide for invite-only scripts before requesting access.

HobbsTrades
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact HobbsTrades directly.

Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Go to http://www.hobbstrades.com for more information.

Warning: please read our guide for invite-only scripts before requesting access.

HobbsTrades
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.