OPEN-SOURCE SCRIPT
Rebound V-Fib RT Closer

Rebound V-Fib RT Closer
The price-axis mirror of Rebound V-Fib RT for normal (linear) price charts. It detects an inverted-V peak (run-up then breakdown), draws the slanted V-Fib, resistance line, V-Ladder and baseball closer, marks trend entries, and exposes trend/resistance readouts - fast enough for second-scale charts and the Pine Screener.
For US equities on intraday/daily timeframes. Adjust 'Trading hours per day' for other markets (default 6.5).
Drawing-focused: there is no back-test, technical rating, resistance/exit signal, trailing stop, or lower-timeframe request. Trend geometry and rates update every bar; resistance detection and all drawing run on the last bar. Signals and drawings update on the live bar and confirm at close (they repaint intrabar) - for confirmed-only entry alerts, choose "Once Per Bar Close".
DIFFERENCES FROM Rebound V-Fib RT
OUTPUTS
Overlay:
Status line + Data Window + Screener:
Data Window + Screener:
Note: Pine Screener is limited to 500 bars of history; the resistance readouts (SupAge, Sup%/d, SupLead%) are computed on the last bar only.
INPUTS
General:
Trend detection:
Trend entry:
Display:
DISCLAIMER
This script is provided "AS IS" without warranty of any kind. It is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. The author is not liable for any losses arising from the use of this script. Trade at your own risk.
The price-axis mirror of Rebound V-Fib RT for normal (linear) price charts. It detects an inverted-V peak (run-up then breakdown), draws the slanted V-Fib, resistance line, V-Ladder and baseball closer, marks trend entries, and exposes trend/resistance readouts - fast enough for second-scale charts and the Pine Screener.
For US equities on intraday/daily timeframes. Adjust 'Trading hours per day' for other markets (default 6.5).
Drawing-focused: there is no back-test, technical rating, resistance/exit signal, trailing stop, or lower-timeframe request. Trend geometry and rates update every bar; resistance detection and all drawing run on the last bar. Signals and drawings update on the live bar and confirm at close (they repaint intrabar) - for confirmed-only entry alerts, choose "Once Per Bar Close".
DIFFERENCES FROM Rebound V-Fib RT
- Mirrors the whole detection in price: an inverted-V peak instead of a V-bottom, a breakdown leg instead of a rebound, a resistance ceiling instead of a support floor, and Fib targets projected downward
- The trend entry is shown as a single entry-bar background tint (red) plus an alert, computed from the live bar's rates / V-Fib / lead
- Inputs keep their positive magnitudes; the breakdown direction lives in the comparison signs (breakdown rate is negative, prior run-up rate is positive)
OUTPUTS
Overlay:
- Slanted Fib band (multi-colored levels), red breakdown line, purple resistance diagonal
- V-Ladder - purple key levels (0.236 / 0.5 / 1.0 / 1.618 / 2.272 / 3.0) between the previous and current resistance
- Baseball closer - emoji below the first bar that reached each V-Ladder level
- V-Fib Ratio label on the last bar
- Entry-bar background tint (red) when a trend entry is marked
Status line + Data Window + Screener:
- V-Fib - current V-Fib Ratio (how far price has dropped down the slanted Fib band; the value equals the Fib level number)
- V-Trend - net rate (breakdown + run-up), %/day
- Sup%/d - resistance slope, %/day
Data Window + Screener:
- Age - bars since the current trend entry (0 when not in a setup). Recommended Pine Screener filter: Age 1 ~ 7
- SupAge - days since the current resistance line was established
- SupLead% - close below resistance, as % of close (negative)
- Lead% - leading days x breakdown rate. Negative means price is leading the breakdown below the downtrend baseline
- Up%/d, Down%/d - trend slopes, %/day (Up%/d is the active breakdown leg, negative; Down%/d is the prior run-up, positive)
Note: Pine Screener is limited to 500 bars of history; the resistance readouts (SupAge, Sup%/d, SupLead%) are computed on the last bar only.
INPUTS
General:
- Lookback bars - inverted-V detection window
- Trading hours per day - intraday day-to-bar conversion for the %/day readouts (6.5 = US equities)
Trend detection:
- Min run-up bars / Min breakdown bars - minimum bars from bottom to peak / from peak to now
Trend entry:
- Min breakdown rate - reject if breakdown slope magnitude is below this (%/day)
- Run-up rate limit - constrains the prior run-up; default 0 requires run-up >= 0, more negative requires a steeper run-up
- Min V-Trend - reject unless breakdown + run-up rate clears the gate
- Min / Max entry V-Fib - lower / upper bound of the entry window on the slanted Fib band
- Min entry leading drop - minimum leading drop required at entry
- Unlock V-Fib - re-arm the entry once V-Fib drops past this (one signal per setup)
Display:
- Show baseball closer - toggle the V-Ladder emoji
- Show trend entry - toggle the entry-bar background tint
DISCLAIMER
This script is provided "AS IS" without warranty of any kind. It is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. The author is not liable for any losses arising from the use of this script. Trade at your own risk.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
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.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
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.