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Overextension Extremes - Trend Reversal
Overextension Extremes Indicator
This indicator identifies potential market reversal points by measuring price distance from multiple moving averages relative to volatility (ATR). It combines five independent conditions to detect overextension:
Signal Components:
PR1: Volatility spike (4-period ATR exceeding 2× baseline) with significant MA distance
PR2: Extreme distance from long-term moving average baseline (SMA1000)
PR3: RSI extremes (>84 or <20) combined with price distance thresholds
PR4: Volume exhaustion (2× average) with momentum fatigue (5+ consecutive bars)
PR5: Parabolic moves (all conditions met simultaneously)
Confluence Filter:
The user sets minimum simultaneous signals required (1-5). Higher confluence reduces signal frequency but increases reliability. A consecutive signal filter prevents multiple entries during the same overextension episode unless price moves 7× ATR(30) from the initial signal.
Technical Parameters (Fixed):
Moving Averages: HMA(300, 80, 30), SMA(1000)
Volatility: ATR(4, 30, 100, 400)
RSI: 14-period with adaptive thresholds
Distance calculated in ATR multiples for normalization across assets
Signals appear as visual markers on chart. Automated alerts include customizable prefix/suffix for webhook integration.
This indicator identifies potential market reversal points by measuring price distance from multiple moving averages relative to volatility (ATR). It combines five independent conditions to detect overextension:
Signal Components:
PR1: Volatility spike (4-period ATR exceeding 2× baseline) with significant MA distance
PR2: Extreme distance from long-term moving average baseline (SMA1000)
PR3: RSI extremes (>84 or <20) combined with price distance thresholds
PR4: Volume exhaustion (2× average) with momentum fatigue (5+ consecutive bars)
PR5: Parabolic moves (all conditions met simultaneously)
Confluence Filter:
The user sets minimum simultaneous signals required (1-5). Higher confluence reduces signal frequency but increases reliability. A consecutive signal filter prevents multiple entries during the same overextension episode unless price moves 7× ATR(30) from the initial signal.
Technical Parameters (Fixed):
Moving Averages: HMA(300, 80, 30), SMA(1000)
Volatility: ATR(4, 30, 100, 400)
RSI: 14-period with adaptive thresholds
Distance calculated in ATR multiples for normalization across assets
Signals appear as visual markers on chart. Automated alerts include customizable prefix/suffix for webhook integration.
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受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由使用，沒有任何限制 — 點擊此處了解更多。
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。