INVITE-ONLY SCRIPT
Opit78 Auto Overbalance
This script is an automated tool for market geometry analysis based on the Overbalance (1:1) methodology. It is designed to identify trend strength and potential reversal zones.
The indicator automatically detects the main trend direction and scans the current price movement to find the largest correction that has occurred within the current impulse (market structure). According to technical analysis principles, as long as the largest correction holds, the trend is considered valid.
What the indicator shows:
ZigZag Line: Visualizes the main trend direction connecting key swing highs and lows.
Gray Box (Pattern): Marks the historically largest correction found within the current swing. This serves as the reference pattern.
Colored Box (OB Projection): This is the geometry zone projected from the current extreme.
Green Box: Overbalance Support Zone (in an Uptrend).
Red Box: Overbalance Resistance Zone (in a Downtrend).
How to interpret:
Trend Continuation: If the price pulls back to the colored box and respects it (bounces), it indicates the trend is strong and the 1:1 geometry holds.
Potential Reversal: If the price breaks through the colored box (closes below it in an uptrend or above it in a downtrend), it signals a break of the largest correction (Overbalance), suggesting a potential trend reversal.
The indicator automatically detects the main trend direction and scans the current price movement to find the largest correction that has occurred within the current impulse (market structure). According to technical analysis principles, as long as the largest correction holds, the trend is considered valid.
What the indicator shows:
ZigZag Line: Visualizes the main trend direction connecting key swing highs and lows.
Gray Box (Pattern): Marks the historically largest correction found within the current swing. This serves as the reference pattern.
Colored Box (OB Projection): This is the geometry zone projected from the current extreme.
Green Box: Overbalance Support Zone (in an Uptrend).
Red Box: Overbalance Resistance Zone (in a Downtrend).
How to interpret:
Trend Continuation: If the price pulls back to the colored box and respects it (bounces), it indicates the trend is strong and the 1:1 geometry holds.
Potential Reversal: If the price breaks through the colored box (closes below it in an uptrend or above it in a downtrend), it signals a break of the largest correction (Overbalance), suggesting a potential trend reversal.
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡opit78。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
This is an invite-only script. To get access, please contact me via private message or check the links in my profile signature.
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。
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡opit78。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
This is an invite-only script. To get access, please contact me via private message or check the links in my profile signature.
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。