Indicator · Pine Script v5 · On the chart

0-1 Reversal Signals

by morindok

0-1 Reversal Signals tracks consecutive sequences of bullish or bearish candlestick closes to highlight potential trend reversals.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code23
Settings1inputs
LicenceNone stated
Last update7 weeks ago6 Sep 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

0-1 Reversal Signals counts consecutive green (1) or red (0) candles and generates visual Buy or Sell shape signals directly on the price chart when a candle closes in the opposite direction after reaching a defined streak length. Traders can adjust the minimum pattern length setting to modify signal sensitivity.

Details

Published by

morindok on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Candlestick patterns, Trend

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Minimum Pattern Lengthint5streak_length
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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