OPEN-SOURCE SCRIPT
Intraday Reversal Pro

1. CALL (Long/Buy) Setup
Green "CALL" label appears below a candle:
The system thinks a bullish reversal is likely.
This happens when there’s a liquidity sweep (price sweeps below recent lows), an FVG (Fair Value Gap) below price, RSI is oversold, and short-term EMA is above the long-term EMA.
Red dashed line (Stop Loss):
This is your suggested stop loss (for a call/long option) — place it at or just below this line.
Green dashed line (Take Profit):
This is your suggested take profit (for the option) — consider exiting here for a 2:1 reward/risk trade.
2. PUT (Short/Sell) Setup
Red "PUT" label appears above a candle:
The system thinks a bearish reversal is likely.
This happens when there’s a liquidity sweep above recent highs, an FVG above price, RSI is overbought, and short-term EMA is below the long-term EMA.
Red dashed line (Stop Loss):
This is your suggested stop loss (for a put/short option) — place it at or just above this line.
Green dashed line (Take Profit):
This is your suggested take profit (for the put/short option).
How to Trade with It:
Wait for a CALL or PUT label to appear (ideally after a sweep + FVG).
Enter your option position at/near the signal candle close.
Set your stop loss at the red dashed line (for calls, below; for puts, above).
Take profit at the green dashed line.
Optional: Use alerts to be notified when a new signal appears.
Green "CALL" label appears below a candle:
The system thinks a bullish reversal is likely.
This happens when there’s a liquidity sweep (price sweeps below recent lows), an FVG (Fair Value Gap) below price, RSI is oversold, and short-term EMA is above the long-term EMA.
Red dashed line (Stop Loss):
This is your suggested stop loss (for a call/long option) — place it at or just below this line.
Green dashed line (Take Profit):
This is your suggested take profit (for the option) — consider exiting here for a 2:1 reward/risk trade.
2. PUT (Short/Sell) Setup
Red "PUT" label appears above a candle:
The system thinks a bearish reversal is likely.
This happens when there’s a liquidity sweep above recent highs, an FVG above price, RSI is overbought, and short-term EMA is below the long-term EMA.
Red dashed line (Stop Loss):
This is your suggested stop loss (for a put/short option) — place it at or just above this line.
Green dashed line (Take Profit):
This is your suggested take profit (for the put/short option).
How to Trade with It:
Wait for a CALL or PUT label to appear (ideally after a sweep + FVG).
Enter your option position at/near the signal candle close.
Set your stop loss at the red dashed line (for calls, below; for puts, above).
Take profit at the green dashed line.
Optional: Use alerts to be notified when a new signal appears.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.