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Reversal_indicator

Early MACD Reversal IndicatorThis indicator should provide early warnings of potential price reversal based on the difference between the MACD and its signal line. The keys of the reversal come from creating a histogram of the difference between the two lines and further monitoring the first indications of breadth decrease. The first change when trending up will paint a red vertical line and downward triangle to indicate potential trend reversal to the low side. The opposite with a green vertical line and upward triangle signals potential upside movement soon. Enjoy!
Pine Script® indicator
by StockSignaler
Feb 1
66

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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