This overlay indicator marks the New York initial balance and a configurable opening range on the price chart and reports live range statistics in two tables. It builds an IB box for a default 09:30–10:30 ET window, an ORB box from 09:30 for a set number of mi
Indicator · Pine Script v5 · On the chart
2b Reversal
This indicator identifies 2B reversal patterns across auto-detected or user-defined price levels on the chart.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code1,050
Settings19inputs
LicenceNone stated
Last update1 year ago23 Jun 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 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
2b Reversal monitors breakdowns and breakouts against key references such as regular trading hours highs and lows, overnight swings, previous day boundaries, and weekly levels. Traders can choose between chart timeframe analysis or a multi-timeframe engine checking 1-minute to 60-minute intervals. Visual elements include colored breakout and reversal bars, connector lines between events, and configurable alerts for false breakouts.
- Multi-timeframe 2B reversal detection
- Automated session and multi-day level tracking
- Explicit level configuration option
- Visual connectors between breakdown and reversal bars
- Selective breakout and reversal alerts
Details
Published by
ashwagamma on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Breakout, Support & resistance, Sessions & time
Markets
Any symbol
Timeframes
M1-M5, M15-H1
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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Timeframe Selection | string | mtf | timeframe_selection |
| Level Selection | string | auto | level_selection |
| Explicit Level | float | 4070 | level_in_explicit |
| dpl/dph | bool | true | is_alert_enabled_dpl_dph |
| opl/oph | bool | true | is_alert_enabled_opl_oph |
| pdl/pdh | bool | true | is_alert_enabled_pdl_pdh |
| cwl/cwh | bool | true | is_alert_enabled_cwl_cwh |
| pwl/pwh | bool | true | is_alert_enabled_pwl_pwh |
| 1m | bool | true | is_options_allowed_mtf_1 |
| 5m | bool | true | is_options_allowed_mtf_5 |
| 15m | bool | true | is_options_allowed_mtf_15 |
| 30m | bool | true | is_options_allowed_mtf_30 |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| 60m | bool | true | is_options_allowed_mtf_60 |
| Breakdown | bool | false | is_alert_enabled_bkdn |
| Breakout | bool | false | is_alert_enabled_bkout |
| Reversal | bool | true | is_alert_enabled_reversal |
| Connector | bool | true | is_connector_enabled |
| Breakout/Breakdown Candle Color | color | color.fuchsia | color_bk |
| Reversal Candle Color | color | color.aqua | color_false_bk |
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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