OPEN-SOURCE SCRIPT
已更新

SMA7 Tail Reversal

565
📌 Description:
The SMA7 Tail Reversal indicator is designed to identify potential counter-trend trading opportunities by checking if candle wicks (tails) respect a key moving average level (SMA7).
This indicator highlights price action where candles are clearly separated from the moving average, suggesting a possible reversal or temporary correction.

📌 How It Works:
  1. Moving Average Calculation:
    Calculates a simple moving average (SMA) of length 7 to act as the primary trend filter.

  2. Candle Classification:

    Bullish Candle: A candle where the closing price is higher than the opening price, with a short upper wick.

    Bearish Candle: A candle where the closing price is lower than the opening price, with a short lower wick.

  3. Conditions for Coloring Candles:
    Long Condition (Green Candle):

    High & Low are both below the SMA7 line.

    Volume is above the 20-period average.

    A bullish candle is detected.

    Short Condition (Red Candle):

    High & Low are both above the SMA7 line.

    Volume is above the 20-period average.

    A bearish candle is detected.


📌 Visual Representation:
Green Candles: Potential long signals when price action stays below the SMA7 line.
Red Candles: Potential short signals when price action stays above the SMA7 line.
Yellow Line: SMA7, used as the dynamic threshold for signal generation.


📌 Usage:
Best applied to volatile markets with clear trends.
Effective in detecting counter-trend opportunities where price diverges from the SMA7 line.
Works well with additional confirmation tools for better accuracy.




版本注释
// Softer candle color settings
var color longCol = #6EE7B7 // Light Green (Soft long signal)
var color shortCol = #FCA5A5 // Light Red (Soft short signal)
版本注释
without plot sma7
版本注释
sma 7
版本注释
plotbar(open, high, low, close, color=barCol)
版本注释
ALMA condition updated!
版本注释
color updated!
版本注释
rollbacked
版本注释
Zigzag mode updated
版本注释
no zigzag
版本注释
Zigzag styled dotted

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。