OPEN-SOURCE SCRIPT
Reverscope 5M
🚀 Reverscope 5M – Precision Reversal Engine for BTC Futures
Reverscope 5M is a high-frequency trend reversal strategy, purpose-built for BTC/USDT futures trading on the 5-minute chart.
Rather than following the trend, this system specializes in identifying turning points using a combination of WMA crossovers, 3-bar ATR decline filtering, and a dynamic trailing stop mechanism. It’s designed for traders seeking to exploit short-term overextensions and reversal setups — especially in high-volatility conditions.
⚙️ Technical Features:
WMA8 crossing WMA21: Primary entry trigger
Trigger Threshold: 1.2%: Activates trailing logic after initial profit
Pullback Ratio: 0.6%: Defines trailing stop distance after trigger
Max Loss: 5%: Capital protection on each trade
ATR 3-bar decline filter: Blocks signals during weak or collapsing price structures
Supports both Long and Short positions (with reversal bias)
Compatible with TradingView alerts
(📌 Note: Alert logic and messages will be updated in future versions.)
⚠️ Critical Warnings:
This is a reversal-based strategy, not a trend-following one.
It is optimized to enter against the prevailing trend, so using it in strong trend conditions may lead to consecutive losses.
Designed for futures and leveraged instruments — significant risk is involved.
Always backtest thoroughly with Strategy Tester before using in live markets.
Understand the signal logic, trailing mechanism, and filtering behavior before deploying.
Reverscope 5M is a high-frequency trend reversal strategy, purpose-built for BTC/USDT futures trading on the 5-minute chart.
Rather than following the trend, this system specializes in identifying turning points using a combination of WMA crossovers, 3-bar ATR decline filtering, and a dynamic trailing stop mechanism. It’s designed for traders seeking to exploit short-term overextensions and reversal setups — especially in high-volatility conditions.
⚙️ Technical Features:
WMA8 crossing WMA21: Primary entry trigger
Trigger Threshold: 1.2%: Activates trailing logic after initial profit
Pullback Ratio: 0.6%: Defines trailing stop distance after trigger
Max Loss: 5%: Capital protection on each trade
ATR 3-bar decline filter: Blocks signals during weak or collapsing price structures
Supports both Long and Short positions (with reversal bias)
Compatible with TradingView alerts
(📌 Note: Alert logic and messages will be updated in future versions.)
⚠️ Critical Warnings:
This is a reversal-based strategy, not a trend-following one.
It is optimized to enter against the prevailing trend, so using it in strong trend conditions may lead to consecutive losses.
Designed for futures and leveraged instruments — significant risk is involved.
Always backtest thoroughly with Strategy Tester before using in live markets.
Understand the signal logic, trailing mechanism, and filtering behavior before deploying.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。