Fake Green Bar Retracement (Bullish Reversal)
Fake Green Bar Retracement Indicator( Bullish Reversal) for TradingView
Product Overview:
The "Fake Green Bar Retracement Indicator" is a sophisticated, highly effective TradingView indicator designed specifically for traders who want to identify and capitalize on false breakouts and potential reversal points with high precision. Utilizing a unique combination of RSI triggers, cumulative volume delta analysis, and a customized Supertrend indicator, this tool pinpoints optimal sell signals after fake bullish moves.
- Works best on a 5-minute timeframe.
- Can also be effectively used across other timeframes.
- Ideal for stocks and indices where volume bars are available.
Key Features:
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RSI-Based Trigger:
- Detects critical overbought conditions using RSI, signaling potential exhaustion of bullish momentum.
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Cumulative Delta & Supertrend Integration:
- Combines cumulative delta (volume-based price action) with Supertrend to confirm reversals, ensuring high-probability entries.
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Normalized Volume Analysis:
- Verifies volume strength across green candles, filtering signals and minimizing false alerts.
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Daily Session Reset:
- Automatically resets at the beginning of each trading day, ensuring fresh, actionable insights for intraday traders.
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Customizable Alerts & Signals:
- Includes built-in TradingView alerts and clear visual markers (red triangles) for easy trade identification.
Ideal For:
- Intraday traders
- Scalpers
- Swing traders
- Traders focusing on momentum and volume-based strategies
How to Use:
- Apply the indicator to your TradingView chart.
- Look for the subsequent red candle with triangle sign.
- Check for your support and resistance for additional confirmation.
- Execute sell trades confidently when these conditions align.
What's Included:
- Access to the fully automated Pine Script indicator.
- User-friendly setup instructions.
- Lifetime updates.
Disclaimer: Trading involves risk. Ensure you test the indicator thoroughly on demo accounts before using it on live trades. Results may vary based on market conditions and trading skill.
Support & Contact: Reach us anytime for support, feature requests, or assistance: [en0905621091@gmail.com]
Refund Policy:
Due to the digital nature of this product and immediate access upon purchase, all sales are final and non-refundable.
Please ensure you review the product description, features, and compatibility before purchasing.
If you face any issues accessing or using the script, support is available at en0905621091@gmail.com.