Something interesting from Chatgpt/AI please post here

Finsburypark2 wrote: Thu Aug 13, 2026 8:29 am Thank you for help me, but now I’ve been working on a custom swing-reversal indicator designed to identify potential market highs and lows through a mathematical approach to price extension and volatility.The indicator measures price extension from a long-term basis, normalizes the movement using ATR, and identifies extreme areas where a local swing may be developing.I currently use three signal levels:Level 11 = early warning.Level 12 = intermediate swing signal.Level 14 = strongest swing signal.BUY and SELL signals have different colors and the histogram remains hidden most of the time.It becomes visible only when the wave enters the extreme area and remains visible until the wave exits that zone.The system also includes a trend regime filter based on ADX and EMA 200.When ADX is below the strong-trend threshold, Levels 11, 12 and 14 can operate normally.When ADX is above 28 and price is clearly above or below the EMA 200, the market is considered strongly directional.In this situation I try to filter most counter-trend signals at Levels 11 and 12.Level 14 remains the main reversal signal.When ADX rises above 35, a Level 14 counter-trend signal also requires price to be sufficiently extended from the EMA 200 relative to ATR.I also introduced a reset mechanism.After a BUY signal, another BUY should not be generated until the wave cools down and falls below a reset level, currently around 8.The same logic applies to SELL signals.This “one swing per market leg” concept was introduced specifically to reduce clusters of repeated signals.The indicator is designed to be non-repainting.Signals are generated only after the candle has closed and the calculation uses historical data causally, without future bars generating past signals.The Level 14 signal is also displayed on a dashboard showing BUY or SELL direction, signal date and closing price.Below it I display the latest Level 12 minor trend signal, while a magnified live market price makes it easier to compare the current price with the last swing signal.In my tests the indicator is performing very well during sideways and ranging market conditions.The swing points are often identified very effectively and the 11/12/14 structure gives a useful indication of how extreme the movement is.The main problem I still need to solve is strong directional trends.During powerful trends the indicator can generate several counter-trend signals because the market remains statistically overextended for a long period.This creates a much higher drawdown and makes money management difficult.So this is the area where I would really appreciate some help or ideas.I’m trying to find the best way to distinguish a genuine exhaustion point from a market that is simply extremely stretched but still capable of continuing in the same direction.Possible solutions I’m currently considering include making Level 14 the only tradable signal during strong trends, increasing the ADX filtering, requiring a stronger EMA/ATR extension, adding slope or trend-acceleration filters, or waiting for additional confirmation before accepting a counter-trend entry.The goal is not to predict every top or bottom.The goal is to identify situations where price is statistically stretched, volatility is elevated and there is enough evidence that the probability of exhaustion is actually increasing.The indicator currently looks very promising in ranging conditions, but reducing repeated signals and drawdown during strong trends is the key problem I’m trying to solve.Any suggestions on improving the trend-regime filter or managing these counter-trend signals would be very welcome. I testing into EURUSD M30 and H1

Pelle wrote: Tue Aug 25, 2026 1:20 am I’m sharing this Pine Script code for MT5:

Ichimoku Oscillator

Borrowed from the author of the original code

"This is Ichimoku Oscillator that creates different oscillator layers, calculates the trend and possible entry/exit levels by using Ichimoku Cloud features.

There are four layers:
First layer is the distance between closing price and cloud (min or max, depending on the main trend)
Second layer is the distance between Lagging and Cloud X bars ago (X: the displacement)
Third layer is the distance between Conversion and Base lines
Fourth layer is the distance between both Leadlines
If all layers are visible Maning that positive according to the main trend, you can take long/short position and when main trend changed then you should close the position. so it doesn't mean you can take position when main trend changed, you need to wait for all other conditions met (all layers(
there is take profit partially option. if Conversion and base lines cross then you can take profit partially. Optionally you can take profit partially when EMA line crosses Fourth layer.

Optionally ATR (average true range) is used for conversion and baseline for protection from whipsaws. you can use it to stay on the trend longer.

I added options to enable/disable the alert and Customize alert messages. You can change alert messages as you wish. if you use 'close' in the alert message then you can get closing price in the alert message when the alert was triggered.

There is an option Bounce Off Support/Resistance, if there is a trend and if the price bounces off Support/Resistance zone then a tiny Triangle is shown.

There are many other options for coloring, alerts etc".

https://www.tradingview.com/script/ypZ7 ... scillator/

Me "I couldn't get a "histogram" as nice as the one Cagliostro achieved for KoncordePlus: attach/file/3513159
So, let's stick with histograms."