OPEN-SOURCE SCRIPT

Reversal Pattern Auto Targets [JPT]

🔷 OVERVIEW

Reversal Pattern Auto Targets [JPT] is an educational price action indicator that automatically detects potential Double Top, Double Bottom, Head & Shoulders, and Inverse Head & Shoulders reversal structures using confirmed swing points. When a valid reversal setup is confirmed, the indicator displays a complete trade framework including Entry, Stop Loss, TP1, TP2, and TP3 levels.

The indicator is designed to help traders visualize reversal structures and practice structured trade planning. It does not predict future price movement or guarantee profitable trades.

🔷 FEATURES
Automatic reversal pattern detection
Double Top & Double Bottom patterns
Head & Shoulders & Inverse Head & Shoulders
Bullish and bearish reversal signals
Entry, Stop Loss, TP1, TP2, and TP3 levels
ATR-based Stop Loss buffer
Risk/Reward-based target calculations
Optional EMA 50 & EMA 200 trend filter
Confirmed pivot-based structure
Optional pivot structure visualization
Extendable Entry, SL, and TP levels
Optional pattern labels
Alert conditions for reversal signals and TP1
Clean chart layout with minimal clutter

🔷 HOW IT WORKS

Detects confirmed swing highs and swing lows.
Compares confirmed pivot points to identify potential reversal structures.
Confirms Double Top and Double Bottom setups through neckline breaks.
Identifies potential Head & Shoulders and Inverse Head & Shoulders structures.
Applies the optional EMA trend filter when enabled.
Generates a bullish or bearish reversal signal after confirmation.
Calculates Entry, Stop Loss, and multiple Take Profit levels automatically.
Displays the trade framework directly on the chart.

🔷 HOW TO USE

Look for newly detected REV BUY or REV SELL signals.
Identify the displayed reversal pattern and review its structure.
Check the overall market trend before considering a setup.
Use the Entry, SL, TP1, TP2, and TP3 levels as a trade-planning reference.
Consider using the optional EMA 50/200 filter for additional trend context.
Combine the indicator with your own price-action confirmation and risk-management rules.

🔷 NOTES

Signals are based on confirmed pivot and price-action structures.
The indicator uses confirmed pivots and does not use lookahead logic.
Historical signals do not guarantee future performance.
Entry, SL, and TP levels are analytical references and should not be treated as guaranteed trade levels.
Market conditions can change quickly, so proper risk management is essential.
This indicator is intended for educational and analytical purposes only.
No indicator can guarantee successful trades, and this script should not be used as the sole basis for investment or trading decisions.

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