OPEN-SOURCE SCRIPT
Trend Reversal Probability Calculator
Actualizado
The "Trend Reversal Probability Calculator" is a TradingView indicator that calculates the probability of a trend reversal based on the crossover of multiple moving averages and the rate of change (ROC) of their slopes. This indicator is designed to help traders identify potential trend reversals by providing signals when the short-term moving averages start to slope in the opposite direction of the long-term moving average.
To use the indicator, simply add it to your TradingView chart and adjust the input parameters according to your preferences. The input parameters include the length of the moving averages, the ROC length (trend sensitivity), and the reversal sensitivity (signal percentage).
The indicator calculates the ROC of the moving averages and determines if the short-term moving averages are sloping in the opposite direction of the long-term moving average. The number of short-term moving averages that meet this condition is then counted, and the probability of a trend reversal is calculated based on the percentage of short-term moving averages that meet this condition.
When the probability of a trend reversal is high, a bullish or bearish signal is generated, depending on the direction of the reversal. The bullish signal is generated when the short-term moving averages start to slope upward, and the bearish signal is generated when the short-term moving averages start to slope downward.
Traders can use the "Trend Reversal Probability Calculator" to identify potential trend reversals and adjust their trading strategies accordingly. It is important to note that this indicator is not a guarantee of a trend reversal and should be used in conjunction with other technical analysis tools to make informed trading decisions.
To use the indicator, simply add it to your TradingView chart and adjust the input parameters according to your preferences. The input parameters include the length of the moving averages, the ROC length (trend sensitivity), and the reversal sensitivity (signal percentage).
The indicator calculates the ROC of the moving averages and determines if the short-term moving averages are sloping in the opposite direction of the long-term moving average. The number of short-term moving averages that meet this condition is then counted, and the probability of a trend reversal is calculated based on the percentage of short-term moving averages that meet this condition.
When the probability of a trend reversal is high, a bullish or bearish signal is generated, depending on the direction of the reversal. The bullish signal is generated when the short-term moving averages start to slope upward, and the bearish signal is generated when the short-term moving averages start to slope downward.
Traders can use the "Trend Reversal Probability Calculator" to identify potential trend reversals and adjust their trading strategies accordingly. It is important to note that this indicator is not a guarantee of a trend reversal and should be used in conjunction with other technical analysis tools to make informed trading decisions.
Notas de prensa
Added 'Dark' color theme, since colors are calculated at runtime and the style tab is not editable.Notas de prensa
Label colors were invertedNotas de prensa
- Update to pine v6
- Added graphic options to hide/show MA + Ribbons
- Updated system color to better show reversals
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
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Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.