v2.0—Tristan's Multi-Indicator Reversal Strategy by OhRayOhRay

By OhRayOhRay

Performance Metrics

Description

Nov 1🎯 Multi-Indicator Reversal Strategy - Optimized for High Win RatesA powerful confluence-based strategy that combines RSI, MACD, Williams %R, Bollinger Bands, and Volume analysis to identify high-probability reversal points. Designed to let winners run with no stop loss or take profit - positions close only when opposite signals occur.Also, the 3 hour timeframe works VERY well—just a lot less trades.📈 Proven PerformanceThis strategy has been backtested and optimized on multiple blue-chip stocks with 80-90%+ win rates on 1-hour timeframes from Aug 2025 through Oct 2025:✅ V (Visa) - Payment processor✅ MSFT (Microsoft) - Large-cap tech✅ WMT (Walmart) - Retail leader✅ IWM (Russell 2000 ETF) - Small-cap index✅ NOW (ServiceNow) - Enterprise software✅ WM (Waste Management) - Industrial servicesThese stocks tend to mean-revert at extremes, making them ideal candidates for this reversal-based approach. I only list these as a way to show you the performance of the script. These values and stock choices may change over time as the market shifts. Keep testing!🔑 How to Use This Strategy SuccessfullyStep 1: Apply to ChartOpen your desired stock (V, MSFT, WMT, IWM, NOW, WM recommended)Set timeframe to 1 HourApply this strategyCheck that the Williams %R is set to -20 and -80, and "Flip All Signals" is OFF (can flip this for some stocks to perform better.)Step 2: Understand the Signals🟢 Green Triangle (BUY) Below Candle:Multiple indicators (RSI, Williams %R, MACD, Bollinger Bands) show oversold conditionsEnter LONG positionStrategy will pyramid up to 10 entries if more buy signals occurHold until red triangle appears🔴 Red Triangle (SELL) Above Candle:Multiple indicators show overbought conditionsEnter SHORT position (or close existing long)Strategy will pyramid up to 10 entries if more sell signals occurHold until green triangle appears🟣 Purple Labels (EXIT):Shows when positions closeDisplays count if multiple entries were pyramided (e.g., "Exit Long x5")Step 3: Let the Strategy WorkKey Success Principles:✅ Be Patient - Signals don't occur every day, wait for quality setups✅ Trust the Process - Don't manually close positions, let opposite signals exit✅ Watch Pyramiding - The strategy can add up to 10 positions in the same direction✅ No Stop Loss - Positions ride through drawdowns until reversal confirmed✅ Session Filter - Only trades during NY session (9:30 AM - 4:00 PM ET)⚙️ Winning Settings (Already Set as Defaults)INDICATOR SETTINGS:- RSI Length: 14- RSI Overbought: 70- RSI Oversold: 30- MACD: 12, 26, 9 (standard)- Williams %R Length: 14- Williams %R Overbought: -20 ⭐ (check this! And adjust to your liking)- Williams %R Oversold: -80 ⭐ (check this! And adjust to your liking)- Bollinger Bands: 20, 2.0- Volume MA: 20 periods- Volume Multiplier: 1.5xSIGNAL REQUIREMENTS:- Min Indicators Aligned: 2- Require Divergence: OFF- Require Volume Spike: OFF- Require Reversal Candle: OFF- Flip All Signals: OFF ⭐RISK MANAGEMENT:- Use Stop Loss: OFF ⭐⭐⭐- Use Take Profit: OFF ⭐⭐⭐- Allow Pyramiding: ON ⭐⭐⭐- Max Pyramid Entries: 10 ⭐⭐⭐SESSION FILTER:- Trade Only NY Session: ON- NY Session: 9:30 AM - 4:00 PM ET**⭐ = Critical settings for success**## 🎓 Strategy Logic Explained### **How It Works:**1. **Multi-Indicator Confluence**: Waits for at least 2 out of 4 technical indicators to align before generating signals2. **Oversold = Buy**: When RSI 70, Williams %R > -20, price above upper Bollinger Band, and/or MACD turning bearish → SELL signal4. **Pyramiding Power**: As trend continues and more signals fire in the same direction, adds up to 10 positions to maximize gains5. **Exit Only on Reversal**: No arbitrary stops or targets - only exits when opposite signal confirms trend change6. **Session Filter**: Only trades during liquid NY session hours to avoid overnight gaps and low-volume periods### **Why No Stop Loss Works:**Traditional reversal strategies fail because they:- Get stopped out too early during normal volatility- Miss the actual reversal that happens later- Cut winners short with tight take profitsThis strategy succeeds because it:- ✅ Rides through temporary noise- ✅ Captures full reversal moves- ✅ Uses multiple indicators for confirmation- ✅ Pyramids into winning positions- ✅ Only exits when technical picture completely reverses---## 📊 Understanding the Display**Live Indicator Counter (Top Corner / end of current candles):**Bull: 2/4Bear: 0/4(STANDARD)Shows how many indicators currently align bullish/bearish"STANDARD" = normal reversal mode (buy oversold, sell overbought)"FLIPPED" = momentum mode if you toggle that settingVisual Indicators:🔵 Blue background = NY session active (trading window)🟡 Yellow candle tint = Volume spike detected💎 Aqua diamond = Bullish divergence (price vs RSI)💎 Fuchsia diamond = Bearish divergence⚡ Advanced TipsOptimizing for Different Stocks:If Win Rate is Low ( 70, Williams %R > -20, price above upper Bollinger Band, and/or MACD turning bearish → SELL signal4. **Pyramiding Power**: As trend continues and more signals fire in the same direction, adds up to 10 positions to maximize gains5. **Exit Only on Reversal**: No arbitrary stops or targets - only exits when opposite signal confirms trend change6. **Session Filter**: Only trades during liquid NY session hours to avoid overnight gaps and low-volume periodsThis strategy succeeds because it:- ✅ Rides through temporary noise- ✅ Captures full reversal moves- ✅ Uses multiple indicators for confirmation- ✅ Pyramids into winning positions- ✅ Only exits when technical picture completely reverses## 📊 Understanding the Display**Live Indicator Counter (Top Corner / end of current candles):**Bull: 2/4Bear: 0/4(STANDARD)Shows how many indicators currently align bullish/bearish"STANDARD" = normal reversal mode (buy oversold, sell overbought)"FLIPPED" = momentum mode if you toggle that settingVisual Indicators:🔵 Blue background = NY session active (trading window)🟡 Yellow candle tint = Volume spike detected💎 Aqua diamond = Bullish divergence (price vs RSI)💎 Fuchsia diamond = Bearish divergence⚡ Advanced TipsOptimizing for Different Stocks:If Win Rate is Low (<50%):Try toggling "Flip All Signals" to ON (switches to momentum mode)Increase "Min Indicators Aligned" to 3 or 4Turn ON "Require Divergence"Test on different timeframe (4-hour or daily)If Too Few Signals:Decrease "Min Indicators Aligned" to 2Turn OFF all requirement filtersWiden Williams %R bands to -15 and -85If Too Many False Signals:Increase "Min Indicators Aligned" to 3 or 4Turn ON "Require Divergence"Turn ON "Require Volume Spike"Reduce Max Pyramid Entries to 5Stock Selection Guidelines—Best Suited For:Large-cap stable stocks (V, MSFT, WMT)ETFs (IWM, SPY, QQQ)Stocks with clear support/resistanceMean-reverting instrumentsAvoid:Ultra low-volume penny stocksExtremely volatile crypto (try traditional settings first)Stocks in strong one-directional trends lasting months🔄 The "Flip All Signals" FeatureIf backtesting shows poor results on a particular stock, try toggling "Flip All Signals" to ON:STANDARD Mode (OFF):Buy when oversold (reversal strategy)Sell when overboughtMay work best for: V, MSFT, WMT, IWM, NOW, WMFLIPPED Mode (ON):Buy when overbought (momentum strategy)Sell when oversoldMay work best for: Strong trending stocks, momentum plays, cryptoTest both modes on your stock to see which performs better!-------------Remember: Past performance doesn't guarantee future results. Always use proper risk management.Nov 2Release NotesRepublished to ensure there is no repaint so that your entries are not spurious and don't happen in the middle of a moving candle.Nov 5Release NotesThis adds a selector for each market session: London, Asia, NY.And it now only sends + prints BUY / Sell / Exit signals after candle close.Nov 5Release NotesUpdated name in strategy to match the published name to make it easier to find in TV.

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