Reversal Probability Meter PRO [optimized for Xau/Usd m5]

il y a 6 heures

🎯 Reversal Probability Meter PRO

A powerful multi-factor reversal probability detector that calculates the likelihood of bullish or bearish reversals using RSI, EMA bias, ATR spikes, candle patterns, volume spikes, and higher timeframe (HTF) trend alignment.

🧩 MAIN FEATURES

1. Reversal Probability (Bullish & Bearish)
Displays two key metrics:
Bull % — probability of bullish reversal
Bear % — probability of bearish reversal
These are computed using RSI, EMAs, ATR, demand/supply zones, candle confirmations, and volume spikes.

📊 Interpretation:
Bull % > 70% → Buying pressure building up
Bull % > 85% → Strong bullish reversal confirmed
Bear % > 70% → Selling pressure building up
Bear % > 85% → Strong bearish reversal confirmed

2. Alert Probability Threshold
Adjustable via alertThreshold (default = 85%).
Alerts trigger only when probability ≥ threshold, and confirmed by zone + volume spike + candle pattern.

🔔 Alerts Available:
✅ Bullish Smart Reversal
🔻 Bearish Smart Reversal
To activate: Right-click chart → “Add alert” → choose the alert condition from the indicator.

3. Demand / Supply Zone Detection
The script determines the price position within the last zoneLook (default 30) bars:
🟢 DEMAND → Lower 35% of range (potential bounce zone)
🔴 SUPPLY → Upper 35% of range (potential rejection zone)
⚪ MID → Neutral area

📘 Purpose: Validates reversals based on context:
Bullish only valid in Demand zones
Bearish only valid in Supply zones

4. Higher Timeframe (HTF) Trend Alignment
Reads EMA bias from a higher timeframe (default = 15m) for trend confirmation.
Reversals against HTF trend are automatically weighted down prevents false countertrend signals.

📈 Example:
M5 chart under M15 downtrend → Bullish probability is reduced.

5. Candle Confirmation Patterns
Two key price action confirmations:
Bullish: Engulfing or Pin Bar
Bearish: Engulfing or Pin Bar
A valid reversal requires both a candle confirmation and a volume spike.

6. Volume & ATR Spike Filters
Volume Spike: volume > SMA(20) × 1.3
ATR Spike: ATR > SMA(ATR, 50) × volMult

🎯 Ensures that only strong market moves with real energy are considered valid reversals.

7. Reversal Momentum Histogram
A color-gradient oscillator showing the momentum difference:
Green = bullish dominance
Red = bearish dominance
Flat near 0 = neutral

Controlled by showOscillator toggle.

8. Smart Info Panel
A compact dashboard displayed on the top-right with 4 rows:

Row Info Description
1 Bull % Bullish reversal probability
2 Bear % Bearish reversal probability
3 Zone Market context (DEMAND / SUPPLY / MID)
4 Signal Strength Current signal intensity (probability %)

Dynamic Colors:

90% → Bright (strong signal)
75–90% → Yellow/Orange (medium)
<75% → Gray (weak)

9. Sensitivity Mode
Fine-tunes indicator reactivity:
🟥 Aggressive: Detects reversals early (more signals, less accurate)
🟨 Normal: Balanced, default mode
🟩 Conservative: Filters only strongest reversals (fewer but more reliable)

10. Custom Color Options
Customize bullish and bearish colors via bullBaseColor and bearBaseColor inputs for your preferred chart theme.

⚙️ HOW TO USE

Add to Chart
→ Paste the script into Pine Editor → “Add to chart”.
Select Timeframe
→ Best for M5–M30 (scalping/intraday).
→ H1–H4 for swing trading.

Monitor the Info Panel:
Bull % ≥ 85% + Zone = Demand → Strong bullish reversal signal
Bear % ≥ 85% + Zone = Supply → Strong bearish reversal signal

Watch the Histogram:
Rising green bars = bullish momentum gaining
Deep red bars = bearish momentum gaining

Enable Alerts:
Right-click chart → “Add alert”
Choose Bullish Smart Reversal or Bearish Smart Reversal

🧠 TRADING TIPS

Use Conservative mode for noisy lower timeframes (M5–M15).
Use Aggressive mode for higher timeframes (H1–H4).
Combine with manual support/resistance or zone boxes for precision entries. Personally i use Order Block.

Best reversal setups occur when all align:
Bull % > 85%
Zone = DEMAND
Volume spike present
Candle = Bullish engulfing
HTF trend supportive

il y a 3 heures

Notes de version

update :

Alert mode :
Go to Settings → Inputs:
Adjust Alert Probability Threshold (e.g., 85).
Choose Alert Mode:
Normal → alert triggers if threshold + at least one confirmation.
Strict → alert triggers only when all filters confirm.

il y a 31 minutes

Notes de version

normal alert mode: active if triggered by signal strength > threshold only