Dreadblitz

Simple Reversal Point

This indicator finds possible points of reversion, you can use it to stack positions and get a good average price for when the price changes direction, it is the trader responsibility to manage the position and make a profit.

-Added alerts

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Dear sir
Is it repaint type
+12 Reply
Dreadblitz kunjmech2004
@kunjmech2004, hello how are you, the indicator does not repaint, once the signal is activated and closes the bar, it will not change, greetings
+7 Reply
How to get access sir. Thank you in advance
+4 Reply
Hi and thanks.
It appears that the indicator gives a good signal for buying but less or no Signal to sell.
For example, I did backtest and I saw three buy signal and no any sell One after all of them.
What do you think?
+1 Reply
Hello.I add this indicator. But could not show up.
Reply
Good morning, has the format been changed? I am not able to see the hammer emoji
Reply
Very cool, thank you for sharing.
Reply
Nice!
Reply
i copied and paste to pine editor but nothing shows up.
Reply
Looks great
Reply
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