OPEN-SOURCE SCRIPT
Dead Simple Reversal
This is the Pine Script port of the open source indicator Dead Simple Reversal by paidtofade, originally created for Tradovate. All logic and settings are exactly the same as the original version.
─── How It Works ───
The indicator identifies potential reversal bars using three conditions checked on the prior and current candle, compared against rolling high/low windows at two lookback periods.
Buy Signal
Sell Signal
The third condition in each case uses a 4-bar history window of the long-term rolling high/low to detect when the longer lookback has shifted compared to the shorter one.
─── Settings ───
─── How It Works ───
The indicator identifies potential reversal bars using three conditions checked on the prior and current candle, compared against rolling high/low windows at two lookback periods.
Buy Signal
- Prior bar closed bearish; current bar closes bullish
- Current close is above the prior bar's open
- Any of the last 4 long-term lows is greater than the current near-term low
Sell Signal
- Prior bar closed bullish; current bar closes bearish
- Current close is below the prior bar's open
- Any of the last 4 long-term highs is less than the current near-term high
The third condition in each case uses a 4-bar history window of the long-term rolling high/low to detect when the longer lookback has shifted compared to the shorter one.
─── Settings ───
- Near Term Period — Lookback for near-term high/low (default: 3)
- Long Term Period — Lookback for long-term high/low (default: 50)
- Up Color — Color for buy signals (default: cyan)
- Down Color — Color for sell signals (default: cyan)
- Opacity — Signal marker opacity, 0–100 (default: 100)
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
discord.gg/REapC6SGtz
b3artrades@gmail.com
b3artrades@gmail.com
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。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
discord.gg/REapC6SGtz
b3artrades@gmail.com
b3artrades@gmail.com
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。