Hobbs Reversal Setup

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This TradingView indicator attempts to identify price reversal conditions in the market by using multiple market measurements in confluence. This indicator can be useful in multiple timeframes and can be effective when used in confluence with other trading strategies like support/resistance and pattern continuation or breakout. Specifically, Hobbs Reversal Setup looks at:

Candle formation in relation to the prior candle (user configurable).

Candle volume in comparison to prior candle (user configurable).

Current trend in moving average convergence or divergence (user configurable).

Relative strength or weakness and length (use configurable).

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Phát hành các Ghi chú

This update corrects an issue with the alerts triggering prior to candle close and adjusts the default setting for the volume increase filter to "on".

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Phát hành các Ghi chú

Minor update to RSI reference criteria to increase indicator accuracy.