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One Day Reversal Chart Signals by WHS
One Day Reversal (ODR) Chart Signals by WHS
This indicator implements a classic Key Reversal Pattern (One Day Reversal / ODR).
It identifies high-probability momentum shifts by combining strict price action rules with dynamic volume validation and an optional trend filter.
Pattern Logic & Conditions
Bullish One Day Reversal (BUY):
The bar makes a lower low than the previous bar.
The bar closes higher than the previous close.
The volume exceeds the previous bar's volume scaled by the multiplier.
Bearish One Day Reversal (SELL):
The bar makes a higher high than the previous bar.
The bar closes lower than the previous close.
The volume exceeds the previous bar's volume scaled by the multiplier.
Key Features
Volume Multiplier: Adjust the required volume spike threshold. Set to 1.0 for equal volume or higher, or 1.5 to require a 50% surge.
Trend Filter: Features a configurable Simple Moving Average (SMA 200 by default) to help traders identify signals aligning with the broader trend.
Drift-Free Visuals: Built with Pine v6 label.new mechanics for accurate, non-drifting chart placement.
Customizable Highlights: Optional background shading and candle bar coloring for instant signal visual verification.
Live Info Box: Display real-time bar metrics including current trend state (BULL/BEAR), latest signal, SMA period, and exact volume ratio relative to the previous candle.
Settings & Inputs
Core Parameters:
Volume Multiplier: Threshold multiplier for current vs. previous bar volume (Default: 1.0).
Trend Filter:
Trend MA Length: Period for the trend filter baseline (Default: 200).
Show Trend MA: Toggles the trend SMA line on the chart.
Visual:
Show Background: Highlights signal bars with clean background overlays.
Bar Coloring: Colors the candle body on signal bars.
Show Info Box: Toggles the summary table at the bottom center.
Alerts
Includes built-in alert conditions for push notifications:
ODR Bullish Reversal: Triggers on a confirmed Bullish ODR pattern.
ODR Bearish Reversal: Triggers on a confirmed Bearish ODR pattern.
This indicator implements a classic Key Reversal Pattern (One Day Reversal / ODR).
It identifies high-probability momentum shifts by combining strict price action rules with dynamic volume validation and an optional trend filter.
Pattern Logic & Conditions
Bullish One Day Reversal (BUY):
The bar makes a lower low than the previous bar.
The bar closes higher than the previous close.
The volume exceeds the previous bar's volume scaled by the multiplier.
Bearish One Day Reversal (SELL):
The bar makes a higher high than the previous bar.
The bar closes lower than the previous close.
The volume exceeds the previous bar's volume scaled by the multiplier.
Key Features
Volume Multiplier: Adjust the required volume spike threshold. Set to 1.0 for equal volume or higher, or 1.5 to require a 50% surge.
Trend Filter: Features a configurable Simple Moving Average (SMA 200 by default) to help traders identify signals aligning with the broader trend.
Drift-Free Visuals: Built with Pine v6 label.new mechanics for accurate, non-drifting chart placement.
Customizable Highlights: Optional background shading and candle bar coloring for instant signal visual verification.
Live Info Box: Display real-time bar metrics including current trend state (BULL/BEAR), latest signal, SMA period, and exact volume ratio relative to the previous candle.
Settings & Inputs
Core Parameters:
Volume Multiplier: Threshold multiplier for current vs. previous bar volume (Default: 1.0).
Trend Filter:
Trend MA Length: Period for the trend filter baseline (Default: 200).
Show Trend MA: Toggles the trend SMA line on the chart.
Visual:
Show Background: Highlights signal bars with clean background overlays.
Bar Coloring: Colors the candle body on signal bars.
Show Info Box: Toggles the summary table at the bottom center.
Alerts
Includes built-in alert conditions for push notifications:
ODR Bullish Reversal: Triggers on a confirmed Bullish ODR pattern.
ODR Bearish Reversal: Triggers on a confirmed Bearish ODR pattern.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。