INVITE-ONLY SCRIPT
Intraday Reversal
Aktualisiert
Reversal Indicator
This Reversal Indicator is designed to capture high-probability reversal trades by analyzing price action at the day’s high or low. It identifies key levels, confirms breaks, and provides clear trade entry parameters based on trader margin, offering a simple yet effective approach for managing risk and potential profit. Best timeframe for trading is 1m.
Key Features:
1. Marks the Day's High and Low Candle:
- Automatically identifies and marks the high and low of the current trading day, acting as potential reversal zones.
2. Entry Trigger:
- A trade signal is generated when the price breaks below the high/low candle.
3. Trade Entry Parameters Display:
- Before the trade entry, the indicator presents a trade entry label on the chart, displaying essential information such as Stop Loss, Take Profit, and Shares Quantity, calculated according to the trader's available margin.
4. Stop Loss:
- The Stop Loss is automatically set a specified number of ticks above the day's high (for shorts) or below the day's low (for longs), ensuring tight risk management.
5. Take Profit:
- The Take Profit level is calculated as a percentage of the Stop Loss distance, providing proportional reward-to-risk ratios based on customizable preferences.
6. Visual Take Profit Line:
- Once a trade is entered, the indicator draws a visible Take Profit line on the chart. This line is initially red, signaling an active trade. If the market hits the Take Profit target, the line turns green, indicating a successful exit.
7. Setup Reset:
- The indicator resets itself with new high / low of the day
This Reversal Indicator simplifies trade execution by automating key decisions, allowing traders to focus on managing the trade rather than constantly monitoring price action. Perfect for traders looking to capitalize on daily reversal patterns with clear risk/reward parameters.
This Reversal Indicator is designed to capture high-probability reversal trades by analyzing price action at the day’s high or low. It identifies key levels, confirms breaks, and provides clear trade entry parameters based on trader margin, offering a simple yet effective approach for managing risk and potential profit. Best timeframe for trading is 1m.
Key Features:
1. Marks the Day's High and Low Candle:
- Automatically identifies and marks the high and low of the current trading day, acting as potential reversal zones.
2. Entry Trigger:
- A trade signal is generated when the price breaks below the high/low candle.
3. Trade Entry Parameters Display:
- Before the trade entry, the indicator presents a trade entry label on the chart, displaying essential information such as Stop Loss, Take Profit, and Shares Quantity, calculated according to the trader's available margin.
4. Stop Loss:
- The Stop Loss is automatically set a specified number of ticks above the day's high (for shorts) or below the day's low (for longs), ensuring tight risk management.
5. Take Profit:
- The Take Profit level is calculated as a percentage of the Stop Loss distance, providing proportional reward-to-risk ratios based on customizable preferences.
6. Visual Take Profit Line:
- Once a trade is entered, the indicator draws a visible Take Profit line on the chart. This line is initially red, signaling an active trade. If the market hits the Take Profit target, the line turns green, indicating a successful exit.
7. Setup Reset:
- The indicator resets itself with new high / low of the day
This Reversal Indicator simplifies trade execution by automating key decisions, allowing traders to focus on managing the trade rather than constantly monitoring price action. Perfect for traders looking to capitalize on daily reversal patterns with clear risk/reward parameters.
Versionshinweise
fixed bug with TP-PresetVersionshinweise
Added ALERTs for new HIGH / LOWSkript nur auf Einladung
Der Zugriff auf dieses Skript ist auf vom Autor autorisierte User beschränkt und normalerweise kostenpflichtig. Sie können es zu Ihren Favoriten hinzufügen, aber Sie können es nur verwenden, nachdem Sie die Erlaubnis angefordert und vom Autor erhalten haben. Kontaktieren Sie Canonius für weitere Informationen oder folgen Sie den Anweisungen des Autors unten.
TradingView empfiehlt nicht, ein Script zu kaufen, wenn Sie den Autor nicht zu 100 % als vertrauenswürdig halten, oder nicht verstehen, wie das Script funktioniert. In vielen Fällen können Sie auch eine gute und kostenlose Open-Source-Alternative in unseren Community-Scripts entdecken.
Hinweise des Autors
″Setup your Tradingparameters such as account margin, sl above high/low and take profit in % relative to your SL and the risk of the trade
Möchten Sie dieses Skript auf einem Chart verwenden?
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Haftungsausschluss
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