Bands StochRSI Extreme Reversal - indicatore per MetaTrader 5

Signals Preview:

Features:

• Detects mean-reversion signals when price closes back inside the Bollinger Band after a Stochastic RSI extreme.
  
• Bear signal: prior bar closed above the upper band with %K and %D both above the upper limit, current bar closes back inside.
• Bull signal: prior bar closed below the lower band with %K and %D both below the lower limit, current bar closes back inside.
• Bear/bull arrows plotted on the signal bar, offset from price by a fraction of ATR(14) so they don't overlap the candle.
  
• Built-in Stochastic RSI (RSI passed through its own rolling stochastic + double SMA smoothing) - no external indicator required, everything is calculated inside this single file.
• Bollinger Bands plotted as a shaded fill between the upper and lower bands, plus the basis (mid) line.
• On-chart status panel showing live readings, current zone, armed setups, and the last signal fired.

Parameters:

How to Use:

A simple step-by-step guide:

1. Attach the indicator to any chart/timeframe.
2. Adjust BB Period/Deviations and Stochastic RSI settings if you want a different sensitivity, or leave the defaults.
3. Watch for a triangle-down arrow above a candle - price closed above the upper band while StochRSI was overbought, then closed back inside: a bearish reversal signal.
4. Watch for a triangle-up arrow below a candle - price closed below the lower band while StochRSI was oversold, then closed back inside: a bullish reversal signal.
5. Use the on-chart panel to check the current zone, whether a setup is "armed" and waiting for the cross-back, and details of the last signal fired.

Notes and Limitations:

• Signal only: This indicator does not place trades. It's for visual/analytical use - no order management, no SL/TP.
• Single file: Everything (Bollinger Bands, Stochastic RSI, signal logic, and panel) is self-contained in one .mq5 file - no external indicators or includes required.
• Repaint-free: Signals are evaluated on closed bars only; the signal bar itself does not repaint once formed.
• Standard RSI: The embedded RSI uses Wilder's smoothing (the standard method), calculated via iRSI(); only the stochastic-of-RSI stage is custom.

Screenshots:

Conclusion:

Whether you trade mean-reversion setups or just want a quick visual read on when price has stretched too far and is snapping back, this indicator combines Bollinger Bands and Stochastic RSI into one clean, self-contained signal with a live status panel.