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Exhaustion Reversal

# 📘 Exhaustion Reversal – Quick Start Guide
This tool highlights **reversal zones** where price is stretched too far and likely to snap back.
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## 1. What to Look For
* **Green Box + Neon BUY Arrow** → Possible Buy Setup
* **Red Box + Neon SELL Arrow** → Possible Sell Setup
* Background color:
* Light **green tint** = Bias is LONG (favor buy setups)
* Light **red tint** = Bias is SHORT (favor sell setups)
---
## 2. How to Take a Trade
**BUY Setup**
1. Wait until you see a **green shaded box** and a **neon BUY arrow**.
2. Confirm the candle closed **green** (bullish).
3. **Entry (EP):** Enter at the closing price of the signal candle (labeled “BUY ENTRY”).
4. **Stop Loss (SL):** Set just under the low of the signal candle (labeled “SL”).
5. **Take Profit (TP):**
* Safer target → the blue **Center Line**.
* Aggressive target → **Band 1**.
**SELL Setup**
1. Wait until you see a **red shaded box** and a **neon SELL arrow**.
2. Confirm the candle closed **red** (bearish).
3. **Entry (EP):** Enter at the closing price of the signal candle (labeled “SELL ENTRY”).
4. **Stop Loss (SL):** Set just above the high of the signal candle (labeled “SL”).
5. **Take Profit (TP):**
* Safer target → the blue **Center Line**.
* Aggressive target → **Band 1**.
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## 3. Quick Rules to Remember
* ✅ Trade WITH the background bias.
* Green background → focus on BUY setups.
* Red background → focus on SELL setups.
* ❌ Skip weak candles. Look for **strong bodies** (bigger candles).
* ❌ Don’t take every arrow. Wait until price stretched to the **outer Band 2**.
* ✅ Manage risk. Never risk more than **1–2% of your account** on a single trade.
---
## 4. Beginner Flow (step-by-step)
1. Watch for **background tint** (green = buy, red = sell).
2. Wait for price to **touch/pierce Band 2**.
3. Watch for a **reversal candle** (green after red, or red after green).
4. Enter at the “ENTRY” label, place SL and TP at the lines.
5. Let the trade play out – don’t move stops unless you scale out.
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## 5. Example Trade
* NAS100 on 5m chart:
* Background turns red → bias is SHORT.
* Price spikes above **Upper Band 2**.
* Red reversal candle closes.
* Arrow + label appear → Enter SELL.
* SL at candle high, TP at Center Line.
---
💡 **Pro Tip for New Traders:**
Start by practicing this system in a demo account. Focus on spotting the *cleanest* setups where price clearly stretches to Band 2 and gives a strong reversal candle.
This tool highlights **reversal zones** where price is stretched too far and likely to snap back.
---
## 1. What to Look For
* **Green Box + Neon BUY Arrow** → Possible Buy Setup
* **Red Box + Neon SELL Arrow** → Possible Sell Setup
* Background color:
* Light **green tint** = Bias is LONG (favor buy setups)
* Light **red tint** = Bias is SHORT (favor sell setups)
---
## 2. How to Take a Trade
**BUY Setup**
1. Wait until you see a **green shaded box** and a **neon BUY arrow**.
2. Confirm the candle closed **green** (bullish).
3. **Entry (EP):** Enter at the closing price of the signal candle (labeled “BUY ENTRY”).
4. **Stop Loss (SL):** Set just under the low of the signal candle (labeled “SL”).
5. **Take Profit (TP):**
* Safer target → the blue **Center Line**.
* Aggressive target → **Band 1**.
**SELL Setup**
1. Wait until you see a **red shaded box** and a **neon SELL arrow**.
2. Confirm the candle closed **red** (bearish).
3. **Entry (EP):** Enter at the closing price of the signal candle (labeled “SELL ENTRY”).
4. **Stop Loss (SL):** Set just above the high of the signal candle (labeled “SL”).
5. **Take Profit (TP):**
* Safer target → the blue **Center Line**.
* Aggressive target → **Band 1**.
---
## 3. Quick Rules to Remember
* ✅ Trade WITH the background bias.
* Green background → focus on BUY setups.
* Red background → focus on SELL setups.
* ❌ Skip weak candles. Look for **strong bodies** (bigger candles).
* ❌ Don’t take every arrow. Wait until price stretched to the **outer Band 2**.
* ✅ Manage risk. Never risk more than **1–2% of your account** on a single trade.
---
## 4. Beginner Flow (step-by-step)
1. Watch for **background tint** (green = buy, red = sell).
2. Wait for price to **touch/pierce Band 2**.
3. Watch for a **reversal candle** (green after red, or red after green).
4. Enter at the “ENTRY” label, place SL and TP at the lines.
5. Let the trade play out – don’t move stops unless you scale out.
---
## 5. Example Trade
* NAS100 on 5m chart:
* Background turns red → bias is SHORT.
* Price spikes above **Upper Band 2**.
* Red reversal candle closes.
* Arrow + label appear → Enter SELL.
* SL at candle high, TP at Center Line.
---
💡 **Pro Tip for New Traders:**
Start by practicing this system in a demo account. Focus on spotting the *cleanest* setups where price clearly stretches to Band 2 and gives a strong reversal candle.
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用它,没有任何限制 — 在此处了解更多信息。
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。
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用它,没有任何限制 — 在此处了解更多信息。
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。