OPEN-SOURCE SCRIPT
Europon Reversal FX Rush Ver2 Indicator
Europon Reversal FX Rush Ver2 Indicator is an RSI-based reversal signal indicator designed primarily for EURGBP on the 1-hour chart.
The indicator uses a short-period RSI to identify potential reversal opportunities. It references the RSI value from two bars ago to reduce signal fluctuations caused by the latest developing candles.
A buy signal appears when the shifted RSI falls below the lower threshold. A sell signal appears when the shifted RSI rises above the upper threshold.
The indicator also displays optional averaging-entry candidates. Long averaging candidates require progressively lower RSI values and a bullish previous candle. Short averaging candidates require progressively higher RSI values and a bearish previous candle.
Default settings:
Recommended market: EURGBP
Recommended timeframe: H1
RSI Period: 3
RSI Signal Shift: 2
RSI High Level: 60
RSI Low Level: 40
Trading Hours: 01:00 to 09:00 server time
Long Nanpin: Enabled
Short Nanpin: Enabled
Maximum intended positions: 3
The averaging markers indicate possible additional-entry conditions only. They do not track actual open positions in the indicator version.
This script is intended for chart analysis, backtesting support, research, and educational purposes only.
It does not guarantee future performance and should not be considered financial advice.
Please test carefully before using it in any trading decision.
The indicator uses a short-period RSI to identify potential reversal opportunities. It references the RSI value from two bars ago to reduce signal fluctuations caused by the latest developing candles.
A buy signal appears when the shifted RSI falls below the lower threshold. A sell signal appears when the shifted RSI rises above the upper threshold.
The indicator also displays optional averaging-entry candidates. Long averaging candidates require progressively lower RSI values and a bullish previous candle. Short averaging candidates require progressively higher RSI values and a bearish previous candle.
Default settings:
Recommended market: EURGBP
Recommended timeframe: H1
RSI Period: 3
RSI Signal Shift: 2
RSI High Level: 60
RSI Low Level: 40
Trading Hours: 01:00 to 09:00 server time
Long Nanpin: Enabled
Short Nanpin: Enabled
Maximum intended positions: 3
The averaging markers indicate possible additional-entry conditions only. They do not track actual open positions in the indicator version.
This script is intended for chart analysis, backtesting support, research, and educational purposes only.
It does not guarantee future performance and should not be considered financial advice.
Please test carefully before using it in any trading decision.
Skrip sumber terbuka
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.