Reversal Confluence — TradingView Exhaustion Reversal With TP/SL & Dashboard

Free

A mean-reversion reversal indicator for TradingView that scores exhaustion, requires a five-check confluence stack, and plots BUY/SELL snipes with entry, stop and TP1–TP3 boxes plus a live win-rate.

Download free → Instant download · free · Pine Script source

Description

Reversal Confluence looks for exhausted, over-stretched moves and times the snap-back. It builds a 0-100 exhaustion score from a consecutive-close run, a z-score distance from the mean, RSI extremes and a volatility spike, then requires a reversal trigger (engulfing or band-tag pin) plus a configurable number of five confluence checks — band tag, RSI regime, RSI divergence, volume climax and mean-reversion distance — before firing. Each signal draws entry, stop and TP1/TP2/TP3 boxes at fixed R multiples, tints candles by exhaustion, and a sniper-scope dashboard shows exhaustion, confluence, conviction and a live TP1-before-SL win rate. A free reversal tool from ShepherdFX Trading Tools. (Original engine © officialjackofalltrades, used under the Mozilla Public License 2.0.)

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