OPEN-SOURCE SCRIPT
Aggiornato 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!
Note di rilascio
Code improved!Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.