OPEN-SOURCE SCRIPT
4-Hour Candle Reversal Indicator
Wait for a previous 4H high or low to be violated A+ setup if into a HTF BISI or SIBI or 4H zone. Once that happens map out 15M smooth edges aka equal highs or lows these will be the DOL. Once we get a 1-5M SBS setup and with volume imbalances as an optional confirmation enter at the pull back of the SBS model when we take the 2 liquidity this should put you in the trade at the .5 or .7 fib level. Stop below the low of the SBS model. Once price pulls back up above the .3 B/E your stop and let 6 play out.
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.