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Entry Point X500
Entry Point X500 is a proprietary analytical tool designed to visualize market trends and identify potential reversal points (mean-reversion) based on modified Nadaraj-Watson kernel regression.
Concept and uniqueness
Unlike standard moving averages that use linear or exponential weighting, my indicator uses a symmetrical Gaussian kernel. This allows price data to be smoothed to account for the "influence" of neighboring bars, creating a curve that effectively filters out market noise while remaining highly sensitive to real changes in trend structure.
Key features of my implementation:
Author's Live mode: I developed a dynamic recalculation system (Gaussian kernel smoothing) that adapts to the latest market data in real time.
Fixed mode for backtesting: A special calculation mode that eliminates the repainting of historical data, which is critical for correct backtesting of strategies.
Robust Signal System: Instead of standard channels, I use the Mean Absolute Deviation (MAE) metric instead of standard deviation. This makes volatility boundaries more resilient to sharp market outliers.
Operation logic
Smoothing: The indicator calculates a weighted average price, where the weight of each bar is determined by the Gaussian function. The closer the bar is to the current moment, the greater its weight, while the symmetrical distribution ensures a smooth line.Adaptive boundaries: A “volatility corridor” is constructed around the smoothed line. Borders are calculated through MAE, which allows flexible adjustment to current market activity.
Reversal signals: The indicator tracks the moment the price returns inside the corridor after breaking through its borders. This logic allows you to filter out “false” signals during strong non-recoil movements and enter into a trade precisely at the moment the local correction begins.
Options
Bandwidth: Determines the "flexibility" of the line. Smaller values make the indicator sensitive to the slightest fluctuations, larger values create a more inert and smooth trend filter.
Deviation Multiplier: Adjusts the width of the volatility band.
Calculation modes: Switch between Live (maximum accuracy on the current bar) and Fixed (static historical data).
How to use
Entry Point X500 is effective as a tool for finding overbought and oversold zones as part of mean reversion strategies.
Important: The indicator is not a “black box” and requires contextual analysis. It is recommended to use it in conjunction with confirming factors: volume analysis, support/resistance levels or market structure indicators.
Disclaimer: This tool is intended for analytical purposes and does not constitute financial advice. Before using in real trading, be sure to test the settings on historical data.
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。