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Overextension Extremes - Trend Reversal
Overextension Extremes Indicator
This indicator identifies potential market reversal points by measuring price distance from multiple moving averages relative to volatility (ATR). It combines five independent conditions to detect overextension:
Signal Components:
PR1: Volatility spike (4-period ATR exceeding 2× baseline) with significant MA distance
PR2: Extreme distance from long-term moving average baseline (SMA1000)
PR3: RSI extremes (>84 or <20) combined with price distance thresholds
PR4: Volume exhaustion (2× average) with momentum fatigue (5+ consecutive bars)
PR5: Parabolic moves (all conditions met simultaneously)
Confluence Filter:
The user sets minimum simultaneous signals required (1-5). Higher confluence reduces signal frequency but increases reliability. A consecutive signal filter prevents multiple entries during the same overextension episode unless price moves 7× ATR(30) from the initial signal.
Technical Parameters (Fixed):
Moving Averages: HMA(300, 80, 30), SMA(1000)
Volatility: ATR(4, 30, 100, 400)
RSI: 14-period with adaptive thresholds
Distance calculated in ATR multiples for normalization across assets
Signals appear as visual markers on chart. Automated alerts include customizable prefix/suffix for webhook integration.
This indicator identifies potential market reversal points by measuring price distance from multiple moving averages relative to volatility (ATR). It combines five independent conditions to detect overextension:
Signal Components:
PR1: Volatility spike (4-period ATR exceeding 2× baseline) with significant MA distance
PR2: Extreme distance from long-term moving average baseline (SMA1000)
PR3: RSI extremes (>84 or <20) combined with price distance thresholds
PR4: Volume exhaustion (2× average) with momentum fatigue (5+ consecutive bars)
PR5: Parabolic moves (all conditions met simultaneously)
Confluence Filter:
The user sets minimum simultaneous signals required (1-5). Higher confluence reduces signal frequency but increases reliability. A consecutive signal filter prevents multiple entries during the same overextension episode unless price moves 7× ATR(30) from the initial signal.
Technical Parameters (Fixed):
Moving Averages: HMA(300, 80, 30), SMA(1000)
Volatility: ATR(4, 30, 100, 400)
RSI: 14-period with adaptive thresholds
Distance calculated in ATR multiples for normalization across assets
Signals appear as visual markers on chart. Automated alerts include customizable prefix/suffix for webhook integration.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
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。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用，没有任何限制 — 了解更多信息这里。
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。