OPEN-SOURCE SCRIPT

Weakening Selling Pressure Finder

190
Description:
This indicator helps traders identify potential trend reversals by detecting when selling pressure is weakening.
It uses the MACD histogram to spot moments when bearish momentum is still present but fading — a condition that often precedes a shift to bullish sentiment.

The indicator:

Highlights points where the MACD histogram is negative but rising

Marks these spots with a 📈 label for easy chart scanning

Works on any crypto pair and timeframe

Traders can use it to:

Spot early reversal setups before the crowd reacts

Time entries for potential trend changes

Complement other indicators like RSI, AO, or price action

This is a momentum shift detection tool — perfect for swing traders, scalpers, or anyone looking for early bullish signals after extended selling pressure.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.