[blackcat] L1 Swing Reversal Indicator

Level: 1


Many asked me about swing reversal indicators. There are many but less of them can guarantee high win rate. Because market is complex, the reversals can be nested together, which means sub level reversals will be contained in higher level waves. This can be well explained by Elloit wave theory.


Here it is a simple moving average based swing reversal indicator as an example for many others to improve it. Although it simple, it could be very powerful to dedicated trading pairs in specific time frame. One can adjust N1~N4 as SMA peiords from short to long to customized this indicator or even by trying different moving average types to enhance its accuracy.

Key Signal

N1~N4 --> SMA look back periods
OB --> Overbought Threshold
OS --> Oversold Threshold

Pros and Cons

Simpe but powerful. More feedbacks are appreciated.


Easy to be customized or integrated to your trading system.


In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.

The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.

Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.

Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.

Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.

Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.

Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.


"Win$ & Donate w/ This" Address:
BTC: 1GeuxGE6UUato7AgMnNUjSg56mSzQ6Wxxk
USDT ERC20: 0xfd4d0eb131e81f44530849c1a966cb261dd6bda2
ETH: 0xfd4d0eb131e81f44530849c1a966cb261dd6bda2
LINK: 0xfd4d0eb131e81f44530849


Thanks as always. It was interesting to combine 3 indicators in one: fast and slow RSI, as well as Supertrend)))
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@breata, sharpe eyes :)
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An idea ( probably stupid ) to improve this for crypto markets only . Suppose your study could plot also a curve with the medium price of 5 top cryptos with higher volume (BTC and other 4 with higher volume). This could help to get a better swipe decision (or not?).
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Thank you !
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Thanks Sir
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牛鼻 您这个柱状图最高 可以配合pinbar 逆势操作吗
Hi Sir, when I try to add this indicator into my chart, a message "something went wrong, try again later"... anyone facing the same problem?
Thank you for all the indicators blackcat... I hope you get the karma and prosperity back for all of this!