Daily Number/Trend Reversal Indicator by chillbroswaggins

candlestick pivotpoints dailychart overlay signal

Indicator identifies potential price trend exhaustion.
Compares this period against the 4th prior period for the condition.
9 periods (or more) with the same condition is an indicator that the trend is ending soon.

Release Notes:

Removed other indicators from chart snapshot

Release Notes:

Update Chart

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

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