HTF Reversals

HTF Reversals — Big Turtle Soup & Relief Patterns
A multi-timeframe reversal indicator based on the logic of how pivots form and how true reversals begin. Designed for traders who want to catch high-probability turning points on higher timeframes, with visual clarity and actionable signals.

“Reversals don’t start from nowhere — they begin with a failed expansion and a reclaim of a prior range. This script helps you spot those moments, before the crowd.”

How It Works

1. Detects High Timeframe (HTF) “CR” Candles:
   The script scans for large-bodied candles (“CR” candles) on higher timeframes (Monthly, Weekly, 3-Day). These candles often mark the end of a trend expansion and the start of a potential reversal zone.
   Looks for “Inside” Candles:
   After a CR candle, the script waits for a smaller “inside” candle, which signals a pause or failed continuation. The relationship between the CR and inside candle is key for identifying a possible reversal setup.
   Engulfing Confirmation (Optional):
   If the inside candle doesn’t immediately trigger a reversal, the script can wait for an engulfing move in the opposite direction, confirming the failed expansion and increasing the probability of a reversal.
   Entry & Target Calculation:
   For each valid setup, the script calculates a retracement entry (using Fibonacci levels like 0.382 or 0.618) and a logical target (usually the CR candle’s high or low).
   Visuals: Lines & Boxes:
   Each signal is marked with a horizontal line (entry) and a colored box extending from the HTF close to the entry price, visually highlighting the reversal zone for the same duration as the signal’s expected play-out.
   Dashboard & Alerts:
   A dashboard table summarizes the latest signals for each timeframe. Custom alerts notify you of new setups in real time.
   

Why It Works

• Pivot Logic:
  Reversals often start when a strong expansion candle (pivot) is followed by a failed attempt to continue in the same direction. This script codifies that logic, looking for the “pause” after the expansion and the first sign of a reclaim.
  Multi-Timeframe Edge:
  By focusing on higher timeframes, the indicator filters out noise and highlights only the most significant reversal opportunities.
  Objective, Repeatable Rules:
  All conditions are clearly defined and repeatable, removing subjectivity from reversal trading.
  Visual Clarity:
  The combination of lines and boxes makes it easy to see where reversals are likely to start and where your risk/reward lies.
  

How to Use

1. 
   Add the indicator to your chart and select your preferred timeframes (Monthly, Weekly, 3-Day).
   Watch for new signals on the dashboard or via alerts.
   Use the entry line and box as your trade zone; the target is also displayed.
   Combine with your own confluence (price action, volume, etc.) for best results.
   

This indicator is best used as a framework for understanding where high-probability reversals are likely to occur, not as a standalone buy/sell tool. Always use proper risk management.