OPEN-SOURCE SCRIPT
Candle Revers Indicator
Candle Reverse – Reversal Candle Indicator for TradingView
Short description (intro):
Candle Reverse is a simple yet effective indicator designed to identify market reversal points through specific candlestick formations.
How it works:
The indicator automatically highlights potential reversal candles when the wick (shadow) is longer than the candle body, signaling moments where buying or selling pressure may be weakening.
Key features:
Detects reversal candles in real time.
Clear visual signals directly on the chart.
Works on any instrument and timeframe in TradingView.
Perfect for price action strategies, discretionary trading, or in combination with other indicators.
Benefits:
✔️ Quickly spot potential market turning points.
✔️ Simple and intuitive method, suitable for traders of all levels.
✔️ Helps improve entry and exit accuracy.
Short description (intro):
Candle Reverse is a simple yet effective indicator designed to identify market reversal points through specific candlestick formations.
How it works:
The indicator automatically highlights potential reversal candles when the wick (shadow) is longer than the candle body, signaling moments where buying or selling pressure may be weakening.
Key features:
Detects reversal candles in real time.
Clear visual signals directly on the chart.
Works on any instrument and timeframe in TradingView.
Perfect for price action strategies, discretionary trading, or in combination with other indicators.
Benefits:
✔️ Quickly spot potential market turning points.
✔️ Simple and intuitive method, suitable for traders of all levels.
✔️ Helps improve entry and exit accuracy.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.