Reversal Confirmations [QuantVue] — Indicator by QuantVue

trendanalysis volatility reversal reversalpattern reversalpoint reversaltrading reversalzone reversals reversalpatterns priceaction quantvue

The Reversal Confirmation Indicator is based on price action and looks to provide opportunities when price gets stretched.

The indicator works by finding the highest and lowest points over the user selected lookback period.

If price closes below the low of the highest bar or closes above the high of the lowest bar a possible reversion to the mean may occur and the indicator will plot a triangle and fire an alert.

This indicator works a reversion to the mean or to potentially time entries in trending markets.

Fully customizable settings:
🔹Lookback Period
🔹Colors
🔹Show / hide upper & lower channels
🔹Show / hide the mean

Give this indicator a BOOST and COMMENT your thoughts!

We hope you enjoy.

Cheers!

Get Access to the exclusive QuantVue indicators: www.quantvue.io/

Join thousands of traders in our Free Discord: discord.gg/tC7u7magU3

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?