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Hobbs Reversal Setup

This TradingView indicator attempts to identify price reversal conditions in the market by using multiple market measurements in confluence. This indicator can be useful in multiple timeframes and can be effective when used in confluence with other trading strategies like support/resistance and pattern continuation or breakout. Specifically, Hobbs Reversal Setup looks at:

Candle formation in relation to the prior candle (user configurable).

Candle volume in comparison to prior candle (user configurable).

Current trend in moving average convergence or divergence (user configurable).

Relative strength or weakness and length (use configurable).

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