OPEN-SOURCE SCRIPT
RVE v3 Retracement Validity Engine

Core Philosophy
RVE v2 only gives signals when ALL of the following align:
Higher-Timeframe Trend Alignment
Trades only in the direction of the HTF trend (default: 4H EMA filter)
No counter-trend noise
Real Retracement Location (Not Extension)
Price must pull back into the EMA20–EMA50 zone
Filters fake “grazes” — requires meaningful interaction with the zone
Controlled Pullback (No Panic Candles)
Uses ATR + candle body + wick analysis
Filters out:
Panic momentum candles
Chaotic liquidity sweeps
Over-extended retracements
Close-Based Confirmation (Execution Discipline)
No signals mid-candle
Entry only after reclaim of EMA levels
⚙️ Entry Modes (Important)
🟢 AGGRESSIVE (Recommended for Retracement Traders)
Triggers on EMA9 reclaim after zone touch
Earlier entries
Best for traders who struggle with late entries
🔵 SAFE
Requires reclaim of EMA9 + EMA20
Fewer signals
Higher confirmation, later entry
🧠 Smart Filters Included
✅ HTF trend filter (lookahead-safe)
✅ ATR-adaptive pullback control
✅ Optional 2-bar zone confirmation
✅ Anti-chop cooldown (prevents signal spam)
✅ Optional key-level reclaim gate
✅ ATR-buffered SL guide (zone + structure)
RVE v2 only gives signals when ALL of the following align:
Higher-Timeframe Trend Alignment
Trades only in the direction of the HTF trend (default: 4H EMA filter)
No counter-trend noise
Real Retracement Location (Not Extension)
Price must pull back into the EMA20–EMA50 zone
Filters fake “grazes” — requires meaningful interaction with the zone
Controlled Pullback (No Panic Candles)
Uses ATR + candle body + wick analysis
Filters out:
Panic momentum candles
Chaotic liquidity sweeps
Over-extended retracements
Close-Based Confirmation (Execution Discipline)
No signals mid-candle
Entry only after reclaim of EMA levels
⚙️ Entry Modes (Important)
🟢 AGGRESSIVE (Recommended for Retracement Traders)
Triggers on EMA9 reclaim after zone touch
Earlier entries
Best for traders who struggle with late entries
🔵 SAFE
Requires reclaim of EMA9 + EMA20
Fewer signals
Higher confirmation, later entry
🧠 Smart Filters Included
✅ HTF trend filter (lookahead-safe)
✅ ATR-adaptive pullback control
✅ Optional 2-bar zone confirmation
✅ Anti-chop cooldown (prevents signal spam)
✅ Optional key-level reclaim gate
✅ ATR-buffered SL guide (zone + structure)
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.