Allyhshn - Trend Reversal Indicator

4 天前

Allyhshn – Trend Reversal Indicator

Multi-Timeframe RSI & TSI Climax Detection System

Is an advanced multi-timeframe reversal and climax detection tool designed to identify buying and selling exhaustion zones across multiple intraday and higher timeframes.
The script combines RSI extreme conditions, price-location validation, and TSI (True Strength Index) confirmation to isolate high-probability reversal events, filtering noise and avoiding premature signals.


1) Core Concept

The indicator focuses on identifying trend exhaustion and climax events, rather than continuous signals.
A valid signal requires three layers of confirmation:
a) Momentum extreme (RSI Buying or Selling Climax);
b) Price context (price reaching statistically relevant zones);
c) Trend exhaustion confirmation (TSI and TSI EMA thresholds).

This structure makes the indicator particularly suitable for:
* Mean-reversion setups;
* Scalping reversals;
* End-of-move detection;
* Liquidity exhaustion zones.


2) Multi-Timeframe Architecture

Automatic Timeframe Detection
The script automatically detects the active chart timeframe and maps it to an internal enumeration:

Supported Timeframes:
* 5s, 10s, 15s, 30s
* 1m, 5m, 15m, 30m
* 1h, 3h, 6h

Each timeframe has independent parameters, allowing precise tuning per market microstructure.


3) Timeframe-Specific Configuration

For each supported timeframe, the user can independently configure:
RSI Parameters:
* RSI Length – Sensitivity of momentum detection.
* RSI Buying Climax – Upper RSI threshold indicating buying exhaustion.
* RSI Selling Climax – Lower RSI threshold indicating selling exhaustion.

Lookback Context

* Lookback (N candles) – Defines how far price extremes are evaluated to confirm exhaustion.
* Prevents signals from triggering in irrelevant price areas.

Trend & Signal Parameters:
* Trend Overbought / Oversold – Trend context values.
* Trend Signal – Smoothing parameter for internal calculations.


4) Price Location Validation (Context Filter)

To avoid false signals, RSI extremes are not enough on their own.
The script validates whether price is:

* Near the lowest price region of the lookback (bullish exhaustion);
* Near the highest price region of the lookback (bearish exhaustion).

This ensures that:
* Selling climaxes occur near downside extremes;
* Buying climaxes occur near upside extremes.


5) TSI (True Strength Index) Confirmation

Purpose
TSI is used as a trend exhaustion and momentum decay filter.

A signal is validated only when:
* TSI crosses into a predefined bullish or bearish exhaustion zone;
* TSI EMA confirms the loss of directional momentum.

This avoids:
* Counter-trend signals during strong trends;
* Early reversals without momentum decay.


6) Selling Climax Detection (Bullish Reversal)

A Selling Climax is detected when:
* RSI is at or below the Selling Climax threshold;
* Price reaches a statistically relevant lower zone;
* TSI is below the bullish signal threshold;
* TSI EMA confirms momentum exhaustion.

Visualization

* A green upward label (“Selling Climax”) is plotted below price.
* Only the most extreme event within the lookback window is retained.

This highlights zones where:
* Sellers are exhausted;
* Absorption or capitulation may be occurring;
* A bullish reversal becomes statistically favorable.


7) Buying Climax Detection (Bearish Reversal)

A Buying Climax is detected when:
* RSI is at or above the Buying Climax threshold;
* Price reaches a statistically relevant upper zone;
* TSI is above the bearish signal threshold;
* TSI EMA confirms momentum exhaustion.

Visualization:
* A red downward label (“Buying Climax”) is plotted above price.
* Only the most extreme event within the lookback window is retained.

This highlights zones where:
* Buyers are exhausted;
* Distribution or rejection may be occurring;
* A bearish reversal becomes statistically favorable.


8) Signal De-Duplication & Quality Control

To maintain chart clarity and signal quality:
* Only one active signal per direction is maintained within the lookback window;
* New signals replace old ones only if they occur at more extreme price levels;
* The total number of visible labels is capped via user input.

This prevents:
* Signal clustering;
* Visual noise;
* Over-interpretation of repeated RSI extremes.


9) Visual Placement & Chart Integration

* Labels are positioned using ATR-based vertical padding to avoid overlap with candles.
* Signals are drawn directly on the price chart (`overlay=true`).
* Designed to remain readable on ultra-low timeframes (seconds charts).


10) Display Controls

Global Controls:
* Show Flags – Enable or disable all signals.
* Only in Event – Optional filter to restrict display to true event transitions.
* Display (N) Flags – Limits the number of historical signals shown.


11) Intended Use Cases

This indicator is designed for traders who:
* Trade reversals and mean reversion;
* Operate on scalping and intraday timeframes;
* Look for exhaustion rather than continuation;
* Combine RSI with structural price context.

It works especially well when combined with:
* Order Flow / Volume Delta tools;
* Liquidity and absorption analysis;
* Support & resistance frameworks.


12) Account & Data Compatibility

* Uses only native TradingView indicators (RSI, ATR, EMA, TSI).
* Works on all TradingView accounts.
* No external data or proprietary feeds required.


13) Key Strengths
* True multi-timeframe independence;
* Strong noise filtering;
* Context-aware RSI usage;
* Clear, non-repainting climax signals;
* Professional-grade reversal logic.


14) Account Compatibility
* Does not require proprietary order book or footprint data.
* Works on all TradingView accounts.
* Uses only publicly available TradingView Information.

3 天前

發行說明

Update for customizing the text and color of the indicator

3 天前

發行說明

General Updates