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TheStrat Reversal Indicator

This indicator shows TheStrat 2-2 and 2-1-2 reversal setups.
2-2 Setups: Identifies specific 2-2 reversal setups. Long 2-2 reversals are shown when there is a 2d-2d-2d green candle sequence. Short 2-2 reversals are shown when there is a 2u-2u-2u red candle sequence. Setups are marked with "2-2" and a green up triangle for long setups or a red down triangle for short setups.
2-1-2 Setups: Identifies any 2-1-2 reversal setup. Setups are marked with "2-1-2" and a green up triangle for long setups or a red down triangle for short setups.
Both setups will then show a flag indicator on the next live candle if they actually trigger.
An alert can be set that will trigger on any live setup. This alert will trigger as soon as the setup candle shows, and will not wait till that setup candle closes. This is to allow you to watch the setup complete live and then watch the trigger condition live as well. Alerts must be set for each time frame you wish to alert on.
All candles are marked with labels underneath to identify the candle type.
When there is a live setup forming there is also a R-multiple calculation shown to the right of the current candle. This R-multiple is calculated from the setup candle's high or low to the 1st target previous candle.
This indicator works on any time frame.
2-2 Setups: Identifies specific 2-2 reversal setups. Long 2-2 reversals are shown when there is a 2d-2d-2d green candle sequence. Short 2-2 reversals are shown when there is a 2u-2u-2u red candle sequence. Setups are marked with "2-2" and a green up triangle for long setups or a red down triangle for short setups.
2-1-2 Setups: Identifies any 2-1-2 reversal setup. Setups are marked with "2-1-2" and a green up triangle for long setups or a red down triangle for short setups.
Both setups will then show a flag indicator on the next live candle if they actually trigger.
An alert can be set that will trigger on any live setup. This alert will trigger as soon as the setup candle shows, and will not wait till that setup candle closes. This is to allow you to watch the setup complete live and then watch the trigger condition live as well. Alerts must be set for each time frame you wish to alert on.
All candles are marked with labels underneath to identify the candle type.
When there is a live setup forming there is also a R-multiple calculation shown to the right of the current candle. This R-multiple is calculated from the setup candle's high or low to the 1st target previous candle.
This indicator works on any time frame.
Geschütztes Skript
Dieses Script ist als Closed-Source veröffentlicht. Sie können es kostenlos und ohne Einschränkungen verwenden – erfahren Sie hier mehr.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Geschütztes Skript
Dieses Script ist als Closed-Source veröffentlicht. Sie können es kostenlos und ohne Einschränkungen verwenden – erfahren Sie hier mehr.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.