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Velez Price Action Signals (with 20 & 200 SMA)
Velez Price Action Signals – With 20 & 200 SMA Overlay
This TradingView Pine Script is a clean and powerful reversal signal tool inspired by Oliver Velez’s price action philosophy, enhanced with trend context via two Simple Moving Averages.
🔍 Signal Logic
Buy Signal:
Current candle sweeps below the previous 5-bar low (liquidity grab).
Candle is bullish (close > open).
The lower wick is significantly larger than the body (e.g. ratio > 1.5).
Sell Signal:
Current candle sweeps above the previous 5-bar high.
Candle is bearish (close < open).
The upper wick is significantly larger than the body.
Signals appear as BUY/SELL labels on the chart (non-repainting).
This TradingView Pine Script is a clean and powerful reversal signal tool inspired by Oliver Velez’s price action philosophy, enhanced with trend context via two Simple Moving Averages.
🔍 Signal Logic
Buy Signal:
Current candle sweeps below the previous 5-bar low (liquidity grab).
Candle is bullish (close > open).
The lower wick is significantly larger than the body (e.g. ratio > 1.5).
Sell Signal:
Current candle sweeps above the previous 5-bar high.
Candle is bearish (close < open).
The upper wick is significantly larger than the body.
Signals appear as BUY/SELL labels on the chart (non-repainting).
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。