OPEN-SOURCE SCRIPT
Daily Number/Trend Reversal Indicator
Updated
Indicator identifies potential price trend exhaustion.
Compares this period against the 4th prior period for the condition.
9 periods (or more) with the same condition is an indicator that the trend is ending soon.
Compares this period against the 4th prior period for the condition.
9 periods (or more) with the same condition is an indicator that the trend is ending soon.
Release Notes
Removed other indicators from chart snapshotRelease Notes
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In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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