OPEN-SOURCE SCRIPT
Updated [JBM] Reversal
Detects reversal & trend-continuation setups using:
1. Pivot detection (swing high/low)
2. 2 Close Candle (2CC) validation
3. Pattern matching: W (bullish rev), M (bearish rev), zigzag
4. Sweet Spot box (Pivot Low ↔ Pivot High of breakout move)
5. Pullback counter → Grade A+ / A / B / C-SKIP
6. Trend expiration check (vs average trend length)
1. Pivot detection (swing high/low)
2. 2 Close Candle (2CC) validation
3. Pattern matching: W (bullish rev), M (bearish rev), zigzag
4. Sweet Spot box (Pivot Low ↔ Pivot High of breakout move)
5. Pullback counter → Grade A+ / A / B / C-SKIP
6. Trend expiration check (vs average trend length)
Release Notes
Detects reversal & trend-continuation setups using:1. Pivot detection (swing high/low)
2. 2 Close Candle (2CC) validation
3. Pattern matching: W (bullish rev), M (bearish rev), zigzag
4. Sweet Spot box (Pivot Low ↔ Pivot High of breakout move)
5. Pullback counter → Grade A+ / A / B / C-SKIP
6. Trend expiration check (vs average trend length)
(Update Chart)
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.