PROTECTED SOURCE SCRIPT
QREV + QR+UO - Reversal/Exit Indicator
This indicator utilizes a "quad rotation" looking at 4 different stochastic periods that all rotate either high or low. The script, in conjunction, uses an Ultimate Oscillator cross along with the "quad rotation" to make up the QR+UO signals.
QREV signals are simply QR+UO signals with rejections of VWAP and/or its extensions.
Use this indicator to look for price reversals or as an exit indicator.
Reversals - A QR+UO or QREV signal must print, now wait for a structural break in the direction of the signal.
This script should be used on the 1 minute timeframe or lower. Adjusting the "High Level" and "Low Level" inputs in the indicator will print more or less signals depending on the values you input.
QREV signals are simply QR+UO signals with rejections of VWAP and/or its extensions.
Use this indicator to look for price reversals or as an exit indicator.
Reversals - A QR+UO or QREV signal must print, now wait for a structural break in the direction of the signal.
This script should be used on the 1 minute timeframe or lower. Adjusting the "High Level" and "Low Level" inputs in the indicator will print more or less signals depending on the values you input.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.