TradingView IndicatorFree to Use

Trend Reversal Probability

Name: Trend Reversal Probability
Availability: InStock
Rating: 5 (3921 reviews)
Author: AlgoAlpha

Free TradingView Indicator by AlgoAlpha — Momentum & Oscillators

Introducing Trend Reversal Probability by AlgoAlpha – a powerful indicator that estimates the likelihood of trend reversals based on an advanced custom oscillator and duration-based statistics. Designed for traders who want to stay ahead of potential market shifts, this indicator provides actionable insights into trend momentum and reversal probabilities.

88.8kviews

3.9kboosts

2025-01-11published

Add to Chart — Free Browse library

Trend Reversal Probability Features

Custom Oscillator Calculation

Combines a dual SMA strategy with a proprietary RSI-like calculation to detect market direction and strength.

Probability Levels & Visualization

Plots average signal durations and their statistical deviations (±1, ±2, ±3 SD) on the chart for clear visual guidance.

Dynamic Color Customization

Choose your preferred colors for upward and downward trends, ensuring a personalized chart view.

Signal Duration Metrics

Tracks and displays signal durations with columns representing key percentages (80%, 60%, 40%, and 20%).

Alerts for High Probability Events

Set alerts for significant reversal probabilities (above 84% and 98% or below 14%) to capture key trading moments.

How to Use Trend Reversal Probability

• Add the Indicator: Add Trend Reversal Probability to your favorites by clicking the star icon.

TradingView Snapshot

• Market Analysis: Use the plotted probability levels (average duration and ±SD bands) to identify overextended trends and potential reversals. Use the color of the duration counter to identify the current trend.

TradingView Snapshot

• Leverage Alerts: Enable alerts to stay informed of high or extreme reversal probabilities without constant chart monitoring.

TradingView Snapshot

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