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Market Polarity Zones ๐
What does this algorithm do?
Market Polarity Zones is an advanced indicator that simplifies market analysis by automatically identifying bullish ๐ or bearish ๐ป phases and marking key levels where trend reversals are likely.
Ideal for:
- Price action traders
- Swing traders
- Scalpers,...who need to quickly spot market direction and precise entry/exit points.
How does the logic work?
The algorithm uses two Hull Moving Averages (HMA) with different periods to detect momentum shifts and sets dynamic levels as follows:
- Detects HMA crossovers to identify trend changes.
- Sets automatic levels:
- Bullish crossover โ Marks the low as support level
- Bearish crossover โ Marks the high as resistance level
- Keeps the active level until a new crossover occurs.
What youโll see on your chart:
๐จ Intuitive color system:
- Green candles ๐ข: Price above the level (bullish zone โ look for buys)
- Purple candles ๐ฃ: Price below the level (bearish zone โ look for sells)
๐ Dynamic level lines:
- Dotted horizontal lines marking the active polarity level
- Automatically extend while the level remains valid
- Only appear when the level stabilizes
โ ๏ธ Reversal alerts:
Arrow labels appear when specific patterns form:
- ๐ป Bearish Reversal (purple label):
- Pattern: Price rises โ fails โ drops below the level
- Meaning: Bullish pressure weakening, possible shift to bearish zone
- ๐บ Bullish Reversal (green label):
- Pattern: Price drops โ bounces โ rises above the level
- Meaning: Buyers defending the level, possible shift to bullish zone
โน๏ธ Label information:
- "Price": Shows the exact breakout failure point โ use it for precise stops or identifying key resistance/support.
- "Volume": Sum of the last 3 barsโ volume โ confirms if the reversal has real market participation.
Recommended settings:
- Length: 33 (default) โ Works well for most markets
- Label Data: "Price" for level precision, "Volume" for confirmation
- Colors: Keep Lime/Purple for best visual contrast ๐จ
