INVITE-ONLY SCRIPT
Opit78 Auto Overbalance
This script is an automated tool for market geometry analysis based on the Overbalance (1:1) methodology. It is designed to identify trend strength and potential reversal zones.
The indicator automatically detects the main trend direction and scans the current price movement to find the largest correction that has occurred within the current impulse (market structure). According to technical analysis principles, as long as the largest correction holds, the trend is considered valid.
What the indicator shows:
ZigZag Line: Visualizes the main trend direction connecting key swing highs and lows.
Gray Box (Pattern): Marks the historically largest correction found within the current swing. This serves as the reference pattern.
Colored Box (OB Projection): This is the geometry zone projected from the current extreme.
Green Box: Overbalance Support Zone (in an Uptrend).
Red Box: Overbalance Resistance Zone (in a Downtrend).
How to interpret:
Trend Continuation: If the price pulls back to the colored box and respects it (bounces), it indicates the trend is strong and the 1:1 geometry holds.
Potential Reversal: If the price breaks through the colored box (closes below it in an uptrend or above it in a downtrend), it signals a break of the largest correction (Overbalance), suggesting a potential trend reversal.
The indicator automatically detects the main trend direction and scans the current price movement to find the largest correction that has occurred within the current impulse (market structure). According to technical analysis principles, as long as the largest correction holds, the trend is considered valid.
What the indicator shows:
ZigZag Line: Visualizes the main trend direction connecting key swing highs and lows.
Gray Box (Pattern): Marks the historically largest correction found within the current swing. This serves as the reference pattern.
Colored Box (OB Projection): This is the geometry zone projected from the current extreme.
Green Box: Overbalance Support Zone (in an Uptrend).
Red Box: Overbalance Resistance Zone (in a Downtrend).
How to interpret:
Trend Continuation: If the price pulls back to the colored box and respects it (bounces), it indicates the trend is strong and the 1:1 geometry holds.
Potential Reversal: If the price breaks through the colored box (closes below it in an uptrend or above it in a downtrend), it signals a break of the largest correction (Overbalance), suggesting a potential trend reversal.
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opit78。
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 is an invite-only script. To get access, please contact me via private message or check the links in my profile signature.
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opit78。
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 is an invite-only script. To get access, please contact me via private message or check the links in my profile signature.
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。