This indicator identifies trend reversal signals on the price chart by combining exponential moving average crossovers with momentum and volatility filters.
Advanced Trend Reversal Emoji Indicator calculates fast, slow, and long-term filter EMAs, along with RSI and ATR. A bullish reversal triggers when the fast EMA crosses above the slow EMA while price remains above the long-term trend EMA, RSI exceeds a set threshold, and current range exceeds ATR volatility. Bearish signals require opposite conditions. Signals are plotted directly on price bars using emoji shapes with built-in alert conditions.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Fast EMA Length
int
21
fastLength
Slow EMA Length
int
55
slowLength
Trend Filter EMA Length
int
200
trendLength
RSI Length
int
14
rsiLength
RSI Bullish Threshold
int
55
rsiBullLevel
RSI Bearish Threshold
int
45
rsiBearLevel
ATR Length
int
14
atrLength
ATR Volatility Multiplier
float
1.0
atrMultiplier
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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