OPEN-SOURCE SCRIPT
Actualizado Smart Money Flow Signals [QuantAlgo] -Add-on Pivot Turns
This is an improvement to the original QuantAlgo code designed to detect major pivot points more clearly and make trade entries and exits easier to identify. The goal is to use vertical lines to highlight potential trend reversal zones based on the oscillator’s structure and confirmed pivot behavior.
Reversal logic
If the oscillator is high and a red vertical line appears, it signals a high risk of a trend reversal toward a bearish move.
If the oscillator is low and a green vertical line appears, it signals a high risk of a trend reversal toward a bullish move.
Meaning of the vertical lines
The vertical lines represent likely trend reversal points detected from important oscillator pivots.
In short, they are visual markers meant to help the user spot when momentum is weakening and the market may be preparing to turn in the opposite direction.
Short version
This upgraded QuantAlgo script is built to detect important pivot points in the oscillator so traders can identify better entry and exit zones. Red vertical lines suggest possible bearish reversals from elevated oscillator levels, while green vertical lines suggest possible bullish reversals from depressed oscillator levels.
Natural phrasing
Have fun with it — the idea is simple: the vertical lines mark potential turning points in trend direction, helping the indicator act as a practical reversal-reading tool rather than just a raw oscillator.
Explication francaise
Amélioration du code de QuantAlgo afin de détecter les points de pivot important pour faciliter les entrées/sorties
Si l'oscillateur est élevé + lignes verticale rouge = Risque élevé de revirement de tendance vers une tendance baissiere
Si l'oscillateur est bas + lignes verticale verte = Risque élevé de revirement de tendance vers une tendance haussiere
Bref, les lignes verticales représentent les revirement de tendance.
Have fun!
Reversal logic
If the oscillator is high and a red vertical line appears, it signals a high risk of a trend reversal toward a bearish move.
If the oscillator is low and a green vertical line appears, it signals a high risk of a trend reversal toward a bullish move.
Meaning of the vertical lines
The vertical lines represent likely trend reversal points detected from important oscillator pivots.
In short, they are visual markers meant to help the user spot when momentum is weakening and the market may be preparing to turn in the opposite direction.
Short version
This upgraded QuantAlgo script is built to detect important pivot points in the oscillator so traders can identify better entry and exit zones. Red vertical lines suggest possible bearish reversals from elevated oscillator levels, while green vertical lines suggest possible bullish reversals from depressed oscillator levels.
Natural phrasing
Have fun with it — the idea is simple: the vertical lines mark potential turning points in trend direction, helping the indicator act as a practical reversal-reading tool rather than just a raw oscillator.
Explication francaise
Amélioration du code de QuantAlgo afin de détecter les points de pivot important pour faciliter les entrées/sorties
Si l'oscillateur est élevé + lignes verticale rouge = Risque élevé de revirement de tendance vers une tendance baissiere
Si l'oscillateur est bas + lignes verticale verte = Risque élevé de revirement de tendance vers une tendance haussiere
Bref, les lignes verticales représentent les revirement de tendance.
Have fun!
Notas de prensa
Code improved!Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.