#TheStrat Reversals

This indicator is a dedication to the work of @RobInTheBlack (Twitter Handle) who has helped countless traders with this pure price action based strategy that he developed over the past 27 years of trading, It is called #TheStrat

This indicator can plot the 4 different Price Action based reversals (along with their entries) as discussed here: https://www.newtraderu.com/2019/02/13/what-do-we-know-to-be-true-about-price-action/

I recommend importing the .ITF in order to load the variables, but for those interested here is the code:

InsideBar = high < high[1]-tollerance*pointsize and low > low[1]+tollerance*pointsize
OutsideBar = high > high[1]+tollerance*pointsize and low < low[1]-tollerance*pointsize

TwoUp = high > high[1]+tollerance*pointsize and low > low[1]+tollerance*pointsize
TwoDown = low < low[1]-tollerance*pointsize and high < high[1]-tollerance*pointsize

Up = close > open+tollerance*pointsize
Down = close < Open-tollerance*pointsize

If TwoOneTwo = 1 Then
If EarlyDetection = 1 Then
If TwoUp[2] and Up[2] and InsideBar[1] Then
drawtext("↑2-1-2↓?",barindex,highest[2](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-1,low[1]-tollerance*pointsize,barindex+ExtendLines,low[1]-tollerance*pointsize)coloured(0,0,255)
drawsegment(barindex-1,high[1]+tollerance*pointsize,barindex+ExtendLines*2,high[1]+tollerance*pointsize)coloured(255,0,0)
EndIf
ElsIf TwoDown[2] and Down[2] and InsideBar[1] Then
drawtext("↓2-1-2↑?",barindex,lowest[2](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-1,high[1]+tollerance*pointsize,barindex+ExtendLines,high[1]+tollerance*pointsize)coloured(0,0,255)
drawsegment(barindex-1,low[1]-tollerance*pointsize,barindex+ExtendLines*2,low[1]-tollerance*pointsize)coloured(255,0,0)
EndIf
EndIf
Else
If TwoUp[2] and Up[2] and InsideBar[1] and TwoDown and Down Then
drawtext("↑2-1-2↓",barindex-1,highest[3](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-2,low[1]-tollerance*pointsize,barindex+ExtendLines,low[1]-tollerance*pointsize)coloured(0,0,255)
drawsegment(barindex-2,high[1]+tollerance*pointsize,barindex+ExtendLines*2,high[1]+tollerance*pointsize)coloured(255,0,0)
EndIf
ElsIf TwoDown[2] and Down[2] and InsideBar[1] and TwoUp and Up Then
drawtext("↓2-1-2↑",barindex-1,lowest[3](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-2,high[1]+tollerance*pointsize,barindex+ExtendLines,high[1]+tollerance*pointsize)coloured(0,0,255)
drawsegment(barindex-2,low[1]-tollerance*pointsize,barindex+ExtendLines*2,low[1]-tollerance*pointsize)coloured(255,0,0)
EndIf
EndIf
EndIf
EndIf

If TwoTwo = 1 Then
If TwoUp[1] and TwoDown Then
drawtext("↑2-2↓",barindex,highest[3](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-1,lowest[2](low),barindex+ExtendLines,lowest[2](low))
EndIf
ElsIf TwoDown[1] and TwoUp Then
drawtext("↓2-2↑",barindex,lowest[3](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-1,highest[2](high),barindex+ExtendLines,highest[2](high))
EndIf
EndIf
EndIf

If TwoThree = 1 Then
If TwoUp[1] and OutsideBar and Down Then
drawtext("↑2-3↓",barindex,highest[3](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-1,lowest[2](low),barindex+ExtendLines,lowest[2](low))
EndIf
ElsIf TwoDown[1] and OutsideBar and Up Then
drawtext("↓2-3↑",barindex,lowest[3](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-1,highest[2](high),barindex+ExtendLines,highest[2](high))
EndIf
EndIf
EndIf

If ThreeOneTwo = 1 Then
If EarlyDetection = 1 Then
If OutsideBar[2] and Up[2] and InsideBar[1] Then
drawtext("↑3-1-2↓?",barindex-1,highest[3](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-1,low[1]-tollerance*pointsize,barindex+ExtendLines,low[1]-tollerance*pointsize)coloured(0,0,255)
drawsegment(barindex-1,high[1]+tollerance*pointsize,barindex+ExtendLines*2,high[1]+tollerance*pointsize)coloured(255,0,0)
EndIf
ElsIf OutsideBar[2] and Down[2] and InsideBar[1] Then
drawtext("↓3-1-2↑?",barindex-1,lowest[3](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-1,high[1]+tollerance*pointsize,barindex+ExtendLines,high[1]+tollerance*pointsize)coloured(0,0,255)
drawsegment(barindex-1,low[1]-tollerance*pointsize,barindex+ExtendLines*2,low[1]-tollerance*pointsize)coloured(255,0,0)
EndIf
EndIf
Else
If OutsideBar[2] and Up[2] and InsideBar[1] and TwoDown and Down Then
drawtext("↑3-1-2↓",barindex-1,highest[3](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-2,low[1]-tollerance*pointsize,barindex+ExtendLines,low[1]-tollerance*pointsize)coloured(0,0,255)
drawsegment(barindex-2,high[1]+tollerance*pointsize,barindex+ExtendLines*2,high[1]+tollerance*pointsize)coloured(255,0,0)
EndIf
ElsIf OutsideBar[2] and Down[2] and InsideBar[1] and TwoUp and Up Then
drawtext("↓3-1-2↑",barindex-1,lowest[3](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)
If DrawBreakoutLine = 1 Then
drawsegment(barindex-2,high[1]+tollerance*pointsize,barindex+ExtendLines,high[1]+tollerance*pointsize)coloured(0,0,255)
drawsegment(barindex-2,low[1]-tollerance*pointsize,barindex+ExtendLines*2,low[1]-tollerance*pointsize)coloured(255,0,0)
EndIf
EndIf
EndIf
EndIf

Return

100

101

102

InsideBar = high < high[1]-tollerance*pointsize and low > low[1]+tollerance*pointsize

OutsideBar = high > high[1]+tollerance*pointsize and low < low[1]-tollerance*pointsize

TwoUp = high > high[1]+tollerance*pointsize and low > low[1]+tollerance*pointsize

TwoDown = low < low[1]-tollerance*pointsize and high < high[1]-tollerance*pointsize

Up = close > open+tollerance*pointsize

Down = close < Open-tollerance*pointsize

If TwoOneTwo = 1 Then

If EarlyDetection = 1 Then

If TwoUp[2] and Up[2] and InsideBar[1] Then

drawtext("↑2-1-2↓?",barindex,highest[2](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-1,low[1]-tollerance*pointsize,barindex+ExtendLines,low[1]-tollerance*pointsize)coloured(0,0,255)

drawsegment(barindex-1,high[1]+tollerance*pointsize,barindex+ExtendLines*2,high[1]+tollerance*pointsize)coloured(255,0,0)

EndIf

ElsIf TwoDown[2] and Down[2] and InsideBar[1] Then

drawtext("↓2-1-2↑?",barindex,lowest[2](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-1,high[1]+tollerance*pointsize,barindex+ExtendLines,high[1]+tollerance*pointsize)coloured(0,0,255)

drawsegment(barindex-1,low[1]-tollerance*pointsize,barindex+ExtendLines*2,low[1]-tollerance*pointsize)coloured(255,0,0)

EndIf

Else

If TwoUp[2] and Up[2] and InsideBar[1] and TwoDown and Down Then

drawtext("↑2-1-2↓",barindex-1,highest[3](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-2,low[1]-tollerance*pointsize,barindex+ExtendLines,low[1]-tollerance*pointsize)coloured(0,0,255)

drawsegment(barindex-2,high[1]+tollerance*pointsize,barindex+ExtendLines*2,high[1]+tollerance*pointsize)coloured(255,0,0)

EndIf

ElsIf TwoDown[2] and Down[2] and InsideBar[1] and TwoUp and Up Then

drawtext("↓2-1-2↑",barindex-1,lowest[3](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-2,high[1]+tollerance*pointsize,barindex+ExtendLines,high[1]+tollerance*pointsize)coloured(0,0,255)

drawsegment(barindex-2,low[1]-tollerance*pointsize,barindex+ExtendLines*2,low[1]-tollerance*pointsize)coloured(255,0,0)

EndIf

If TwoTwo = 1 Then

If TwoUp[1] and TwoDown Then

drawtext("↑2-2↓",barindex,highest[3](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-1,lowest[2](low),barindex+ExtendLines,lowest[2](low))

EndIf

ElsIf TwoDown[1] and TwoUp Then

drawtext("↓2-2↑",barindex,lowest[3](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-1,highest[2](high),barindex+ExtendLines,highest[2](high))

EndIf

If TwoThree = 1 Then

If TwoUp[1] and OutsideBar and Down Then

drawtext("↑2-3↓",barindex,highest[3](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-1,lowest[2](low),barindex+ExtendLines,lowest[2](low))

EndIf

ElsIf TwoDown[1] and OutsideBar and Up Then

drawtext("↓2-3↑",barindex,lowest[3](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-1,highest[2](high),barindex+ExtendLines,highest[2](high))

EndIf

If ThreeOneTwo = 1 Then

If EarlyDetection = 1 Then

If OutsideBar[2] and Up[2] and InsideBar[1] Then

drawtext("↑3-1-2↓?",barindex-1,highest[3](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-1,low[1]-tollerance*pointsize,barindex+ExtendLines,low[1]-tollerance*pointsize)coloured(0,0,255)

drawsegment(barindex-1,high[1]+tollerance*pointsize,barindex+ExtendLines*2,high[1]+tollerance*pointsize)coloured(255,0,0)

EndIf

ElsIf OutsideBar[2] and Down[2] and InsideBar[1] Then

drawtext("↓3-1-2↑?",barindex-1,lowest[3](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-1,high[1]+tollerance*pointsize,barindex+ExtendLines,high[1]+tollerance*pointsize)coloured(0,0,255)

drawsegment(barindex-1,low[1]-tollerance*pointsize,barindex+ExtendLines*2,low[1]-tollerance*pointsize)coloured(255,0,0)

EndIf

Else

If OutsideBar[2] and Up[2] and InsideBar[1] and TwoDown and Down Then

drawtext("↑3-1-2↓",barindex-1,highest[3](high)+spacing*pointsize,dialog,standard,12) coloured(255,0,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-2,low[1]-tollerance*pointsize,barindex+ExtendLines,low[1]-tollerance*pointsize)coloured(0,0,255)

drawsegment(barindex-2,high[1]+tollerance*pointsize,barindex+ExtendLines*2,high[1]+tollerance*pointsize)coloured(255,0,0)

EndIf

ElsIf OutsideBar[2] and Down[2] and InsideBar[1] and TwoUp and Up Then

drawtext("↓3-1-2↑",barindex-1,lowest[3](low)-spacing*pointsize,dialog,standard,12) coloured(0,255,0)

If DrawBreakoutLine = 1 Then

drawsegment(barindex-2,high[1]+tollerance*pointsize,barindex+ExtendLines,high[1]+tollerance*pointsize)coloured(0,0,255)

drawsegment(barindex-2,low[1]-tollerance*pointsize,barindex+ExtendLines*2,low[1]-tollerance*pointsize)coloured(255,0,0)

EndIf

Return

candlestick candlestick pattern candlesticks price action reversal trend reversal

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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TIdegoesout • 11/24/2020 #
HI

I am struggling to back test this everytime I import it to the indicator bar it does not appear on my backtesting page and only appears on my indicator page. Any suggestions welcome.

juanj • 11/24/2020 #
This is only an Indicator, the strategy tester is posted in the library here: https://www.prorealcode.com/prorealtime-trading-strategies/thestrat-combo-tester/

jzhuang • 11/24/2020 #
it seems not working on prorealtime v11.1

Ridge-Trader • 11/24/2020 #
thanks a lot, it´s very helpfull for me. Do you know, where i can find more Indicators for #TheStrat

Copperwave • 11/24/2020 #
Hi Juan – awesome implementation of Robins price action analysis. Any chance this can be modded into a screener?
Best
//copperwave

Daniel da Costa • 11/24/2020 #
Well done Juan!

idunnomuch • 11/24/2020 #
IS this working in the latest version of prorealtime? I get the indicator, but not over my chart, but in a separate part of the window but it is also blank?

bernardmorel • 11/24/2020 #
egalement apparait en dessous du graphique mais vide

bernardmorel • 11/24/2020 #
Bonjour

est t il possible de remettre en ligne the strat car il y a une indication qui demande au concepteur de le remettre en ligne
Cordialement

rama what is oohline

Vonasi From the indicator description above: 'The space between sessions can be either blank or hav...

amitoverseas40 Hi Vonasi, would you be kind enough to provide an indicator to only displays the wicks i.e. ...

Sapo Thank you very much. as always your indicators are extremely effective. kind regards Vonasi.

mitsu21 Hi, it looks nice. I'll try it tomorrow thank you for your share kind regards bruno

kj1988 Thank you Vonasi for sharing this indicator. Very useful as a comfirmation to the price act...

Globalmarkets79 Thank you Vonasi for the answer. I have an other question. When i tried to run the indicator...

Vonasi Lines is either 0 or 1 to turn on or off the drawing of them. Once again if you download and...

Globalmarkets79 Thank you Vonasi, this indicator is very helpful!!!

jiddan78 how to convert to afl amibroker ?

Nicolas We do not supply free coding assistance for AFL Amibroker on the website. You can ask for pa...

Ngomsi @ Vonasi, how to use timeframe , 13 minutes ,21 minutes, 34 minutes,et 55 minutes with this...

Ciccio Have a look here https://issuu.com/yesakhtar/docs/quick_reference_candlestick

Wolf I don't know why the indicator does not work for me. It gives me an error about RETURN... ...

sergibilbo Great job thanks!!!

Nicolas change the lastline with: RETURN lastsig and check if lastsig change its value with the a...

nectouxg Hello Nicolas, I will try tonight when I get home, just one last question, I trade the DA...

FXtonio Bonjour, j'ai un problème avec le code, il me dit que ce n'est pas correct ligne 26-27-28: ...

Pablo Carmona del Moral hola juanjo, muchas gracias por este screener que nos has compartido. creo que lo voy a util...

Pablo Carmona del Moral para el volumen he cambiado: // Volumen significativo VS=volume>2*(average[10](volume[1...

Juanjo Muchas Gracias Pablo, ...Tengo varios screener, uno lo tengo adaptado para operar intradía, ...

Kris75 Hi, This is great !! anyone ever developped a strategy about it ???

swapping hello Kris75, not that I know but it is possible to make a scenario ;)

digitation Hi swapping, Thanks for sharing this useful tool. I was wondering how difficult it would be...

AlexWoe89 Hi, thanks for the code. Do you have an idea, if you can also draw pre-market data on char...

Thomas Hello swapping. Very good idea. Can I use and modify the code? I would like to add a few mor...

Razz Hello swapping the indicator is very good! Can you tell me how I can add 2 lines in the dist...

swapping Hello wanjpt, I do not see how to do it because the calculation is for 12 candles of 5mn onl...

wanjpt Thanks swapping.

Thomas @wanjpt https://www.prorealcode.com/prorealtime-indicators/opening-range-eur-with-close-and...

RGKP Hi Vonasi, great work! But what I do not understand is that the statistics change according ...

mr_delta Hi https://www.prorealcode.com/user/vonasi/ I am interested in in scanning for a similar set...

Vonasi Minor Bug Fix Please download an updated version with a minor bug fix from here: https://www...

capgros Bonjour @Nicolas, Thanks a lot for this tool, it is very useful for me. I would like to s...

Hans63 Would you add the possibility to color also the Heikin Ashi and bar chart?

Nicolas That's possible, please open a new topic in the indicator forum explaining what you need exa...

Victor.Strand Hi Pableitor, the code is just great; i was playing a lil bit with these factors, darwsegmen...

micky_red Hi, I have tried to use this indicator in version 12 and it doesn't work. Do you know how...

Victor.Strand Hey Micky, indicator works well, justpaste the code on the platform, or save it as an "itf" ...

Bard Hi @Ale, I was wondering if you knew why, when I went to put the Kase Peak Oscillator into i...

ALE Hello Bard, because they are two different indicators

Bard Right, thanks Ale, I have taken your code and made a coloured Peak Osc (thanks again) but ...

ckat55 Thank you Nicolas, is there any way that an alert can be set for when the dot appears?

Nicolas yes, change the last line with: RETURN wrb,qh and set an alarm with the alert tool for ea...

ckat55 Thank you Nicolas, I will try it.

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