[blackcat] L3 Magic-9/13 with Reversal Points Confirmation

4月19日

OVERVIEW
The [blackcat] L3 Magic-9/13 with Reversal Points Confirmation indicator is designed to help traders identify potential reversal points in the market using a sequential approach. This indicator adopts the "buy when fearful, sell when greedy" philosophy, focusing on capturing key reversal moments 📉↗️. It plots labels on the chart to indicate these reversal points and uses custom functions to filter occurrences based on specific conditions.

FEATURES

Identifies consecutive price movements to detect potential reversals.
Plots labels for various sequential patterns:
High Sequentials: 5, 6, 7, 8, 9, 12, 13
Low Sequentials: 5, 6, 7, 8, 9, 12, 13
Uses custom functions to count consecutive occurrences and filter conditions.
Provides visual confirmation of reversal points with colored labels 🏷️.
Allows customization of sequence lengths and lookback periods ⚙️.
HOW TO USE

Add the indicator to your TradingView chart by selecting it from the indicators list.
Observe the plotted labels indicating potential reversal zones:
Green labels for buy signals ('B').
Red labels for sell signals ('S').
Customize the sequence lengths and lookback periods as needed in the settings panel.
Combine this indicator with other tools for confirmation before making trading decisions.
LIMITATIONS

The indicator relies heavily on sequential patterns, which might not capture all market nuances.
False signals can occur in ranging or sideways markets 🌪️.
Users should always confirm signals with other forms of analysis.
NOTES

Ensure that you have sufficient historical data available for accurate calculations.
Test the indicator thoroughly on demo accounts before applying it to live trading 🔍.
Understand the concept of buying at bottoms and selling at tops before using this indicator.

4月22日

發行說明

OVERVIEW

The [blackcat] L3 Magic-9/13 with Reversal Points Confirmation is a TradingView indicator designed to identify sequential price patterns and confirm potential reversal points through colored labels and directional arrows. It analyzes consecutive price movements above/below a dynamic threshold (calculated using get_first_non_na_value) and generates visual alerts for trading opportunities. Key features include:

[💰] Sequential Pattern Analysis: Detects upward/downward trends spanning 5–13 periods via green/red labels.
[🔄] Reversal Point Calculation: Uses directional reversal logic (up/down counts over a configurable lookback period).
[📌] Visual Label System: Plots numeric labels (e.g., "5", "13") with directional arrows (▼/▲) to indicate trend strength.
[🔧] Parameterizable Settings: Adjust length thresholds (length_input) and lookback periods (lookback_length) for flexibility.
FEATURES

Pattern Recognition:
High/Low labels (5–13) highlight strong upward/downward momentum.
Directional arrows (▼/▲) emphasize trend reversals.
Dynamic Threshold:
Automated calculation of non-NA values ensures robustness across varying market conditions.
Customizable Parameters:
length_input (default: 9): Defines the number of periods for counting up/down movements.
lookback_length (default: 4): Sets the window for historical data analysis.
Signal Validation:
Crosses of directional reversal points trigger confirmation labels ("S"/"B").
HOW TO USE

Installation:

Copy-paste the script into TradingView's Pine editor.
Set the study type to Indicator with overlay enabled.
Configuration:

Adjust length_input to align with your time frame (e.g., shorter for scalping, longer for swing trading).
Modify lookback_length to fine-tune historical data sensitivity.
Interpretation:

Green Labels (↑): Indicate upward momentum; higher numbers suggest stronger bullish signals.
Red Labels (↓): Signal downward momentum; lower numbers may precede bearish reversals.
Directional Arrows:
▼ (red): Suggests potential downtrend continuation.
▲ (green): Indicates uptrend persistence.
Trading Signals:

Look for consecutive labels (e.g., multiple "9"s) to validate trend strength.
Monitor "S" (sell) and "B" (buy) labels generated during reversal points.
LIMITATIONS

Market Dependency: Performance varies based on volatility and liquidity.
Parameter Sensitivity: Optimal settings require backtesting适应不同市场环境。
False Signals: May occur in choppy markets or during consolidations.
NOTES

Label Placement: Labels appear near candlesticks for immediate context.
Color Coding:
Green/red text distinguishes bullish/bearish patterns.
Translucent background colors reduce chart clutter.
Compatibility: Works best on daily/weekly charts due to max_bars_back constraints.