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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.
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.