INVITE-ONLY SCRIPT
Bottom X Candle
Title:
Bottom X Candle — Extreme Bottom Detection (Last Signal Only)
Short Title:
Bottom X - Candle
Tags:
bottom, reversal, exhaustion, swing-low, candle-pattern, signal, market-structure, trend
Short Description:
An extreme bottom detection indicator that highlights the most recent potential reversal point only.
Full Description:
The Bottom X Candle indicator is designed to detect potential extreme market bottoms by analyzing price behavior across multiple lookback ranges.
It focuses on identifying exhaustion points where price reaches a new relative low, signaling a possible early-stage reversal or stabilization area.
To maintain clarity and reduce chart noise, the indicator displays only the most recent valid signal, making it ideal for traders who prefer clean charts and clear decision points.
How It Works
The indicator evaluates price action to identify a synchronized low across short-term and mid-term ranges.
A signal is generated when price establishes a fresh downside extreme compared to previous market structure, suggesting potential seller exhaustion.
When conditions are met:
A “Bottom X” label is plotted at the latest detected bottom
Only the last confirmed signal remains visible on the chart
Earlier signals are automatically removed
Key Features
Extreme bottom detection based on multi-range price behavior
Displays last signal only for maximum chart clarity
Adjustable label size and text color
Works on all markets and timeframes
Built-in alert for real-time notifications
Non-repainting logic (signals confirm after formation)
Use Cases
Spotting potential market exhaustion zones
Identifying early reversal areas
Supporting swing and position trading decisions
Confluence tool alongside trend or momentum indicators
Reducing overtrading by focusing on the latest valid setup only
Notes
The indicator highlights potential bottoms, not guaranteed reversals.
Best used in combination with trend confirmation or additional analysis.
Signal placement is based on confirmed historical price data.
Disclaimer
This script is for educational and analytical purposes only and does not constitute financial advice.
Trading involves risk; always confirm signals using additional tools and proper risk management.
Developer
Developed by Abdulrahman Alotaibi — Scripts
Bottom X Candle — Extreme Bottom Detection (Last Signal Only)
Short Title:
Bottom X - Candle
Tags:
bottom, reversal, exhaustion, swing-low, candle-pattern, signal, market-structure, trend
Short Description:
An extreme bottom detection indicator that highlights the most recent potential reversal point only.
Full Description:
The Bottom X Candle indicator is designed to detect potential extreme market bottoms by analyzing price behavior across multiple lookback ranges.
It focuses on identifying exhaustion points where price reaches a new relative low, signaling a possible early-stage reversal or stabilization area.
To maintain clarity and reduce chart noise, the indicator displays only the most recent valid signal, making it ideal for traders who prefer clean charts and clear decision points.
How It Works
The indicator evaluates price action to identify a synchronized low across short-term and mid-term ranges.
A signal is generated when price establishes a fresh downside extreme compared to previous market structure, suggesting potential seller exhaustion.
When conditions are met:
A “Bottom X” label is plotted at the latest detected bottom
Only the last confirmed signal remains visible on the chart
Earlier signals are automatically removed
Key Features
Extreme bottom detection based on multi-range price behavior
Displays last signal only for maximum chart clarity
Adjustable label size and text color
Works on all markets and timeframes
Built-in alert for real-time notifications
Non-repainting logic (signals confirm after formation)
Use Cases
Spotting potential market exhaustion zones
Identifying early reversal areas
Supporting swing and position trading decisions
Confluence tool alongside trend or momentum indicators
Reducing overtrading by focusing on the latest valid setup only
Notes
The indicator highlights potential bottoms, not guaranteed reversals.
Best used in combination with trend confirmation or additional analysis.
Signal placement is based on confirmed historical price data.
Disclaimer
This script is for educational and analytical purposes only and does not constitute financial advice.
Trading involves risk; always confirm signals using additional tools and proper risk management.
Developer
Developed by Abdulrahman Alotaibi — Scripts
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系AbunawafAlotabi。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
This indicator is available by invitation-only.
If you would like to request access, please send a message through my TradingView profile.
Access is granted manually and at my discretion.
Please do not share or redistribute this script.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系AbunawafAlotabi。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
This indicator is available by invitation-only.
If you would like to request access, please send a message through my TradingView profile.
Access is granted manually and at my discretion.
Please do not share or redistribute this script.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。