OPEN-SOURCE SCRIPT
All In One
#ALL IN ONE. This was developed to take into account all major functions which influence the price and trying to detect trend and reversal as early and as accurately as possible. It takes into account pretty much everything except the options influence and delta. This one tool combined with options data is very powerful. Weeks worth of backtesting has helped to refine this and make it better.
" THIS IS INTENDED FOR DAILY TIMEFRAME"
This is a multi-layered trading indicator that combines market structure analysis, volume profiling, momentum scoring, early reversal detection, and a regime-aware quality grading system into one tool. Here's everything it measures and why each piece matters.
### 1. Market Structure (BOS / CHoCH)
Tracks pivot highs/lows at a configurable length and detects when price breaks structure — a **Bull CHoCH** (Change of Character) when price crosses above the last swing high while not already in an uptrend, and the mirror for bear. Each break also auto-draws an **Order Block** (the last opposing candle before the move) which stays active until "mitigated" (price trades back through it). This tells you where institutional footprints likely sit and whether the prevailing trend has structurally shifted.
### 2. Internal Structure (iBOS / iCHoCH)
Same logic as above but on a tighter pivot length, capturing minor/internal structure shifts inside the larger trend — useful for spotting early continuation or internal pullback completion before the major structure reacts.
### 3. Fair Value Gaps (FVG)
Detects 3-candle price voids (`low > high[2]` for bull, `high < low[2]` for bear) and boxes them as unmitigated liquidity/imbalance zones. They persist until price trades back through the gap, marking areas the market is statistically likely to revisit.
### 4. Premium / Discount Zones
Splits the current swing range at its midpoint (equilibrium) and labels price as trading in Premium (expensive, sell-side bias) or Discount (cheap, buy-side bias)
### 5. Multi-Timeframe Trend (1H / 4H / 1D)
Independently calculates SMC trend direction on three timeframes using `request.security`, giving you confluence/alignment confirmation rather than relying on a single timeframe's noise.
### 6. Volume Analysis Suite
Includes relative volume vs. a moving average, up/down volume ratio (50-bar cumulative buy vs. sell pressure), VolBuzz (% above/below average), and HVE/HV1 tagging (highest volume ever / highest in the past year) — flags genuine institutional participation vs. routine volume.
### 7. Momentum Score (0-100)
A weighted composite of RSI, EMA stack position, MACD histogram, volume-confirmed candle strength, and body-size-vs-ATR — condensed into a single normalized score so you don't have to read five separate oscillators.
### 8. Early Reversal Detection Engine
The most complex subsystem — combines RSI divergence, liquidity sweeps, wick rejection, volume climax, ATR-extension snapbacks, Williams %R hooks, and MTF trend agreement into a weighted 0-100 reversal score, with cooldowns and CHoCH-based filters to avoid fighting strong trends. Flags both "Early" and "Strong" reversal grades.
### 9. Relative Strength (RS) vs. Benchmarks
Compares the symbol's performance against SPY, QQQ, and a sector ETF (e.g., XLK) over a lookback window — tells you if you're trading a leader or a laggard relative to the market.
### 10. Regime Detection
Classifies the current environment as Bull Trend, Bear Trend, Compression, Expansion, or Range/Chop using MTF trend alignment plus Bollinger Band-width contraction/expansion — context that changes how every other signal should be interpreted.
### 11. Quality Score (the regime-aware grading system we just built)
This is the unifying layer — it takes Trend, Structure, Liquidity/Trend-Health, Volume/Trend-Momentum, Momentum, RS, and Candlestick sub-scores and combines them into a single 0-100 grade (A+ Setup → Avoid). Critically, it **switches scoring logic** depending on whether the market is in a clean trend (rewards trend health and sustained pressure) or a setup/chop phase (rewards sweep + discount + volume climax entry conditions) — so the same dashboard works whether you're trend-following or hunting reversals.
### 12. Dual Dashboard Display
One table gives you the full multi-timeframe/volume/momentum snapshot at a glance; the second breaks down exactly how the quality score was built, sub-score by sub-score, so you can see *why* a setup is graded the way it is rather than trusting a black-box number.
---
### Why it's a full package
Most retail indicators give you structure or FVGs or volume — rarely all of them reconciled into one coherent decision layer. This tool's real value is that the **quality score forces every other module to agree before it tells you something is good** — trend, structure, liquidity, volume, momentum, and relative strength all have to contribute, and the regime switch stops the score from unfairly penalizing a healthy trend just because it doesn't look like a textbook reversal setup. It's built to answer one practical question — "is this actually a good trade right now, and why" — using everything else in the script as supporting evidence rather than standalone signals you'd have to mentally reconcile yourself.
## Operating Notes: Interpreting Reversal Signals in Strong Trends
When multiple timeframe and momentum readings align in one direction, confirm volume support on the lower timeframes (4H and 1H Vol Buzz) before acting on a reversal signal. A reading above +25% on those timeframes adds meaningful confirmation.
Case Study: A High-Score Signal That Failed to Reverse the Trend
In late September, the indicator fired an Early Bear Reversal at a score of 85/100. Price nonetheless continued making higher highs through November and December. Reviewing the dashboard at the signal bar: all three SMC timeframes (1H, 4H, 1D) were Bullish, the Momentum Score read 84/100 (Strong Bull), and RSI stood at 72. Every component of the bear reversal score was technically valid — the engine correctly identified local exhaustion. But local exhaustion within a strong trend typically resolves as a brief pause or shallow pullback, not a structural reversal.
Principles for Evaluating Reversal Signals
A high reversal score indicates conditions for a reversal, not a confirmed trend change. The score reflects exhaustion, not capitulation. In a strong uptrend, even a textbook bear setup often resolves as a 2–5% pullback before the primary trend resumes.
Multi-timeframe alignment is the primary filter. When 1H, 4H, and 1D structure are all bullish, bear reversal signals should be treated with significant skepticism. At minimum, the 4H or 1D trend should flip bearish before a bear reversal signal carries real weight.
RSI divergence loses reliability in strong trends. RSI can remain overbought for extended periods during sustained moves. Divergence frequently fires early and is repeatedly overridden by continued price advance, leading to premature short entries or unwarranted exits from long positions.
ATR band position is a key qualifier. A reversal signal carries limited weight if price is only touching the inner or outer band edge. The signal gains weight when price has pushed deep into the outer ATR zone (Band 2) and begins closing back inside it — indicating an actual mean-reversion event rather than ordinary extension.
Momentum Score should be deteriorating, ideally below 50, before a bear reversal is trusted. A reading of 84/100 indicates the underlying trend engine remains fully intact. A credible reversal candidate shows momentum already declining over several bars, not holding at trend-strength levels.
Vol Buzz and U/D Ratio confirm whether genuine selling pressure is present. A bear reversal signal has substantially more weight when accompanied by elevated Vol Buzz on down candles and a U/D ratio below 0.8. Absent that confirmation, the apparent reversal more likely reflects a temporary pause in buying rather than active distribution.
Structural confirmation is required before acting. A reversal score fires on a single bar, but a credible reversal requires confirmation through an actual structure break — at minimum a Bear CHoCH on the 4H or Daily timeframe. Until that print occurs, the prevailing trend remains intact and reversal signals should be treated as alerts to monitor rather than instructions to trade.
Summary Framework
A high reversal score functions as an early warning, not an entry trigger. It indicates that conditions are favorable for a reversal — comparable to a weather forecast calling for a storm that does not always materialize. Confirmation should be sought through structural breaks, volume validation, or multi-timeframe alignment before any position is taken against the prevailing trend. As a standing rule: do not take a position against a strong, multi-timeframe-confirmed trend on the strength of a single reversal signal, regardless of score. Wait for a second signal or for structure to break first.
" THIS IS INTENDED FOR DAILY TIMEFRAME"
This is a multi-layered trading indicator that combines market structure analysis, volume profiling, momentum scoring, early reversal detection, and a regime-aware quality grading system into one tool. Here's everything it measures and why each piece matters.
### 1. Market Structure (BOS / CHoCH)
Tracks pivot highs/lows at a configurable length and detects when price breaks structure — a **Bull CHoCH** (Change of Character) when price crosses above the last swing high while not already in an uptrend, and the mirror for bear. Each break also auto-draws an **Order Block** (the last opposing candle before the move) which stays active until "mitigated" (price trades back through it). This tells you where institutional footprints likely sit and whether the prevailing trend has structurally shifted.
### 2. Internal Structure (iBOS / iCHoCH)
Same logic as above but on a tighter pivot length, capturing minor/internal structure shifts inside the larger trend — useful for spotting early continuation or internal pullback completion before the major structure reacts.
### 3. Fair Value Gaps (FVG)
Detects 3-candle price voids (`low > high[2]` for bull, `high < low[2]` for bear) and boxes them as unmitigated liquidity/imbalance zones. They persist until price trades back through the gap, marking areas the market is statistically likely to revisit.
### 4. Premium / Discount Zones
Splits the current swing range at its midpoint (equilibrium) and labels price as trading in Premium (expensive, sell-side bias) or Discount (cheap, buy-side bias)
### 5. Multi-Timeframe Trend (1H / 4H / 1D)
Independently calculates SMC trend direction on three timeframes using `request.security`, giving you confluence/alignment confirmation rather than relying on a single timeframe's noise.
### 6. Volume Analysis Suite
Includes relative volume vs. a moving average, up/down volume ratio (50-bar cumulative buy vs. sell pressure), VolBuzz (% above/below average), and HVE/HV1 tagging (highest volume ever / highest in the past year) — flags genuine institutional participation vs. routine volume.
### 7. Momentum Score (0-100)
A weighted composite of RSI, EMA stack position, MACD histogram, volume-confirmed candle strength, and body-size-vs-ATR — condensed into a single normalized score so you don't have to read five separate oscillators.
### 8. Early Reversal Detection Engine
The most complex subsystem — combines RSI divergence, liquidity sweeps, wick rejection, volume climax, ATR-extension snapbacks, Williams %R hooks, and MTF trend agreement into a weighted 0-100 reversal score, with cooldowns and CHoCH-based filters to avoid fighting strong trends. Flags both "Early" and "Strong" reversal grades.
### 9. Relative Strength (RS) vs. Benchmarks
Compares the symbol's performance against SPY, QQQ, and a sector ETF (e.g., XLK) over a lookback window — tells you if you're trading a leader or a laggard relative to the market.
### 10. Regime Detection
Classifies the current environment as Bull Trend, Bear Trend, Compression, Expansion, or Range/Chop using MTF trend alignment plus Bollinger Band-width contraction/expansion — context that changes how every other signal should be interpreted.
### 11. Quality Score (the regime-aware grading system we just built)
This is the unifying layer — it takes Trend, Structure, Liquidity/Trend-Health, Volume/Trend-Momentum, Momentum, RS, and Candlestick sub-scores and combines them into a single 0-100 grade (A+ Setup → Avoid). Critically, it **switches scoring logic** depending on whether the market is in a clean trend (rewards trend health and sustained pressure) or a setup/chop phase (rewards sweep + discount + volume climax entry conditions) — so the same dashboard works whether you're trend-following or hunting reversals.
### 12. Dual Dashboard Display
One table gives you the full multi-timeframe/volume/momentum snapshot at a glance; the second breaks down exactly how the quality score was built, sub-score by sub-score, so you can see *why* a setup is graded the way it is rather than trusting a black-box number.
---
### Why it's a full package
Most retail indicators give you structure or FVGs or volume — rarely all of them reconciled into one coherent decision layer. This tool's real value is that the **quality score forces every other module to agree before it tells you something is good** — trend, structure, liquidity, volume, momentum, and relative strength all have to contribute, and the regime switch stops the score from unfairly penalizing a healthy trend just because it doesn't look like a textbook reversal setup. It's built to answer one practical question — "is this actually a good trade right now, and why" — using everything else in the script as supporting evidence rather than standalone signals you'd have to mentally reconcile yourself.
## Operating Notes: Interpreting Reversal Signals in Strong Trends
When multiple timeframe and momentum readings align in one direction, confirm volume support on the lower timeframes (4H and 1H Vol Buzz) before acting on a reversal signal. A reading above +25% on those timeframes adds meaningful confirmation.
Case Study: A High-Score Signal That Failed to Reverse the Trend
In late September, the indicator fired an Early Bear Reversal at a score of 85/100. Price nonetheless continued making higher highs through November and December. Reviewing the dashboard at the signal bar: all three SMC timeframes (1H, 4H, 1D) were Bullish, the Momentum Score read 84/100 (Strong Bull), and RSI stood at 72. Every component of the bear reversal score was technically valid — the engine correctly identified local exhaustion. But local exhaustion within a strong trend typically resolves as a brief pause or shallow pullback, not a structural reversal.
Principles for Evaluating Reversal Signals
A high reversal score indicates conditions for a reversal, not a confirmed trend change. The score reflects exhaustion, not capitulation. In a strong uptrend, even a textbook bear setup often resolves as a 2–5% pullback before the primary trend resumes.
Multi-timeframe alignment is the primary filter. When 1H, 4H, and 1D structure are all bullish, bear reversal signals should be treated with significant skepticism. At minimum, the 4H or 1D trend should flip bearish before a bear reversal signal carries real weight.
RSI divergence loses reliability in strong trends. RSI can remain overbought for extended periods during sustained moves. Divergence frequently fires early and is repeatedly overridden by continued price advance, leading to premature short entries or unwarranted exits from long positions.
ATR band position is a key qualifier. A reversal signal carries limited weight if price is only touching the inner or outer band edge. The signal gains weight when price has pushed deep into the outer ATR zone (Band 2) and begins closing back inside it — indicating an actual mean-reversion event rather than ordinary extension.
Momentum Score should be deteriorating, ideally below 50, before a bear reversal is trusted. A reading of 84/100 indicates the underlying trend engine remains fully intact. A credible reversal candidate shows momentum already declining over several bars, not holding at trend-strength levels.
Vol Buzz and U/D Ratio confirm whether genuine selling pressure is present. A bear reversal signal has substantially more weight when accompanied by elevated Vol Buzz on down candles and a U/D ratio below 0.8. Absent that confirmation, the apparent reversal more likely reflects a temporary pause in buying rather than active distribution.
Structural confirmation is required before acting. A reversal score fires on a single bar, but a credible reversal requires confirmation through an actual structure break — at minimum a Bear CHoCH on the 4H or Daily timeframe. Until that print occurs, the prevailing trend remains intact and reversal signals should be treated as alerts to monitor rather than instructions to trade.
Summary Framework
A high reversal score functions as an early warning, not an entry trigger. It indicates that conditions are favorable for a reversal — comparable to a weather forecast calling for a storm that does not always materialize. Confirmation should be sought through structural breaks, volume validation, or multi-timeframe alignment before any position is taken against the prevailing trend. As a standing rule: do not take a position against a strong, multi-timeframe-confirmed trend on the strength of a single reversal signal, regardless of score. Wait for a second signal or for structure to break first.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.