Price Action Reversal
The indicator catches trend reversals from pure price action (OHLC only) — it scans candle windows, prints an arrow on a stalled impulse and filters out false signals by trend status.
Pure price action — OHLC only. It scans candle windows and catches the moment an impulse stalls: price moved away but the close stayed in the threshold zone near Open — no volume, no moving averages, no noise.
The Status Filter takes only a run of reversals in the same direction back to back (Period threshold). Weak one-off pokes are cut — fewer entries 'into the noise'.
The built-in test runs the strategy over history with slippage and commission: trades, P/L in ticks and $ — before any real risk.
Two weak reversal points show as regular arrows. Only when a run of reversals in the same direction back to back reaches the Period threshold is the signal confirmed — a brighter arrow, with a ring. One-off pokes 'into the noise' are cut.
The window is the same in both modes. Fast computes the signal over the whole window — reacts faster (scalping). Slow analyzes the LEFT half of the window + a body-size filter, cutting out 'flat' windows — more reliable and rarer (position trading).
From Min to Max Period it scans ranges of candles. In each window it takes Open (first candle), High/Low (extremes) and Close (last) — pure OHLC only.
It compares the ranges of movement: upRange (High−Open) against downRange (Open−Low) — whichever way price moved harder sets the window's direction.
If price moved away but Close stayed in the threshold zone near Open (Threshold %) — the impulse has stalled: ▲ below the candle at a bottom → LONG, ▼ above the candle at a top → SHORT, the window is outlined by a zone.
The Status Filter takes only a run of reversals in the same direction back to back — once the Period threshold is reached the signal is confirmed (brighter arrow, with a ring).
In the window it takes Open (first candle), High/Low (extremes). Price moved down (downRange), but Close stayed below the threshold ceiling Open + Threshold%·(High−Open) — the impulse has stalled, it's a lower reversal → ▲ LONG.
After a drop, a pattern window at the bottom: Close returned to Open → ▲ LONG. Entry 97.78, stop below the zone Low, take by R:R ~1:2.3 → +194 ticks — a trade from test mode.
A trader wants to catch trend reversals, but single signals are often false, and they want to enter by the rules — with a clear stop and a check before real money.
- Sets the window range (Min/Max Period) and speed mode for the instrument
- Turns on the Status Filter — the indicator takes only a confirmed run of reversals
- Runs a test over history: SL/TP in ticks, slippage, commission → checks P/L
- Trades the arrows: entry on the reversal, stop below the window Low, take by R:R
Window range (Min/Max Period), speed mode, signal threshold and candle-body size, trend status filter, bar highlighting by status, test mode with slippage and commission, signal output to a file for a robot — tuned to your instrument and style.