The "Reversal Finder" indicator is designed to identify potential market reversals using a combination of technical analysis tools:
RSI: Used to identify overbought and oversold conditions. Volume Analysis: Signals when current volume is significantly higher than the average over a specified lookback period. Supertrend: Detects trend changes to indicate potential trend reversal points. Candlestick Patterns: Specifically bullish and bearish engulfing patterns are used for entry signals. Divergence: Identifies potential bullish or bearish divergences between price action and the RSI indicator. Fibonacci Levels: Determines retracement levels to support reversal predictions. The indicator generates long (buy) or short (sell) signals based on these factors, which can trigger alerts.