Volume-Confirmed Reversal Engine [Scalping-Algo]█ VOLUME-CONFIRMED REVERSAL ENGINE
A reversal detection system combining price action exhaustion with volume confirmation to identify high-probability turning points.
█ WHAT MAKES THIS ORIGINAL?
Unlike oscillators (RSI, Stochastic) that signal at arbitrary levels, VCRE uses a TWO-STEP CONFIRMATION process:
1. ANCHOR CANDLE: Detects when price closes beyond ALL recent candles (not just one), indicating true exhaustion
2. VOLUME VALIDATION: Requires 2x average volume to confirm institutional participation
3. BREAKOUT CONFIRMATION: Waits for price to break back through anchor range before signaling
4. QUALITY SCORING: Rates each signal 1-4 stars based on multiple confluence factors
█ HOW IT WORKS
STEP 1 - ANCHOR DETECTION
• Bullish: Close drops below the LOW of ALL previous N candles + high volume
• Bearish: Close rises above the HIGH of ALL previous N candles + high volume
• This identifies potential exhaustion points with institutional participation
STEP 2 - CONFIRMATION
• Bullish signal: Price must close ABOVE anchor candle's high
• Bearish signal: Price must close BELOW anchor candle's low
• Must occur within specified bars or setup is cancelled
STEP 3 - SCORING (1-4 Stars)
★ Confirmation occurred
★ Anchor had exceptional volume (>2x avg)
★ Confirmation candle has strong volume (>1.2x avg)
★ Aligned with macro trend (200 EMA)
█ HOW TO USE
SIGNALS
• Green "B" = BUY signal | Red "S" = SELL signal
• More stars (★) = Higher probability setup
SETUP BOXES
• Green box = Bullish setup forming, waiting for confirmation
• Red box = Bearish setup forming, waiting for confirmation
DASHBOARD
• Shows status, confirmation countdown, and volume condition
█ RECOMMENDED SETTINGS
| Style | Lookback | Confirm | Volume Multi |
|--------------|----------|---------|--------------|
| Scalping | 10-15 | 2-3 | 1.5x |
| Day Trading | 15-25 | 3-4 | 2.0x |
| Swing | 20-30 | 3-5 | 2.0-2.5x |
█ KEY PARAMETERS
• Candle Lookback: Candles to check for breakout (higher = stronger signals)
• Confirm Within: Max bars for confirmation (lower = faster signals)
• Anchor Volume Multiplier: Volume threshold for anchor candle
• Macro Trend EMA: Trend filter for scoring (default 200)
█ ALERTS
• Buy/Sell Signal - Any confirmation
• High-Quality Buy/Sell - 3+ star signals only
• Setup Detected - When anchor forms (before confirmation)
█ TIPS
• Focus on 3-4 star signals for best results
• Signals near support/resistance add confluence
• Use stop-loss beyond anchor candle extreme
• Test on demo before live trading
Works on all markets: Stocks, Forex, Crypto, Futures
Scalping-algo
Triple EMA + Key Levels [Scalping-Algo]TITLE: Triple EMA Day Trading System with Multi-Timeframe Support/Resistance Levels
DESCRIPTION:
📊 Overview
This indicator combines trend-following EMAs with key historical price levels to create a complete day trading toolkit. It helps traders identify trend direction while highlighting important support and resistance zones from multiple timeframes.
🎯 Purpose & Trading Application
Day traders often need to quickly assess:
1. Current trend direction (using EMAs)
2. Key price levels where reversals or breakouts may occur
This indicator solves both needs in one tool, reducing chart clutter from multiple indicators.
📈 How It Works
TREND IDENTIFICATION (EMAs):
- EMA 13 (Yellow): Fast EMA for short-term momentum and entry timing
- EMA 48 (Purple): Medium EMA for intraday trend direction
- EMA 200 (Red): Slow EMA for overall trend bias
Trading Logic:
- When price is above all 3 EMAs = Strong bullish bias
- When price is below all 3 EMAs = Strong bearish bias
- EMA crossovers signal potential trend changes
- The 13/48 crossover is particularly useful for intraday entries
SUPPORT & RESISTANCE LEVELS:
- Previous Day High/Low (Green, Solid): Most recent daily range - high probability reaction zones
- 2-Day High/Low (Blue, Dashed): Extended lookback for stronger levels
- Previous Week High/Low (Orange, Dotted): Major institutional levels
Why These Levels Matter:
Previous day and weekly highs/lows are watched by many traders and algorithms. Price often:
- Reverses at these levels (support/resistance)
- Accelerates through them (breakout trades)
🔧 How To Use
FOR TREND TRADING:
1. Identify bias using EMA stack (all 3 aligned = strong trend)
2. Look for pullbacks to EMA 13 or 48 for entries
3. Use key levels as profit targets
FOR REVERSAL TRADING:
1. Watch for price approaching previous day/week levels
2. Look for rejection candles at these levels
3. Use EMA 13 break as confirmation
FOR BREAKOUT TRADING:
1. Identify consolidation near key levels
2. Enter on break of level with volume
3. Use opposite level as target
⚙️ Settings
All parameters are fixed for simplicity:
- EMAs: 13, 48, 200 periods
- Levels: Previous Day, 2-Day, Previous Week
- All lines thickness: 2
📝 Notes
- Best used on intraday timeframes (1min to 1hour)
- Levels update automatically each day/week
- Labels on right side identify each level (PDH, PDL, 2DH, 2DL, PWH, PWL)
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TAGS: ema, daytrading, support, resistance, levels, intraday, trend, scalping, swingtrading
