Connors Rsi 2 Pullback
- Индикаторы
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Ich Khiem Nguyen
👋 Добро пожаловать в Alpha On Chart
Я развиваю Alpha On Chart как экосистему поддержки трейдеров XAUUSD и пользователей MT5.
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Section 1: Context and Core Value
Identify High-Conviction Mean Reversion Retracements Aligned With Prevailing Trends
Active intraday traders and scalpers frequently encounter timing errors during corrective phases: entering positions prematurely before a pullback completes, getting stopped out by volatile wicks around routine support tests, or hesitating during valid trend continuations and entering late into an exhausted price leg. Initiating counter-trend positions or misreading temporary retracements without objective cyclical confirmation often exposes accounts to unnecessary drawdowns.
ConnorsRsi2Pullback provides structured on-chart validation by tracking macro trend direction alongside short-term mean-reversion extremes. Instead of guessing whether a retracement has finished, the indicator pairs overall market momentum with dynamic multi-component momentum tests. It detects when price action reaches an extreme short-term stretched condition within a larger trend, rejects adverse pressure, and confirms directional re-alignment with prevailing order flow.
The methodology is engineered for active trading sessions when market participation expands, offering systematic confirmation across liquid instruments, active symbols, and volatile markets.
Section 2: Entry Logic and Trade Management
Trading with ConnorsRsi2Pullback is visual, rule-based, and structured across any timeframe.
Visual BUY Confirmation
- The broader market establishes an overall upward trend structure.
- Price action executes a sharp corrective pullback into an extreme oversold condition.
- A bullish expansion candle closes firmly, confirming the completion of the dip and resumption of upward momentum.
- The signal confirms strictly upon the close of the setup candle, using the open of the subsequent bar as the execution reference.
Visual SELL Confirmation
- The broader market establishes an overall downward trend structure.
- Price action executes a sharp corrective rally into an extreme overbought condition.
- A bearish expansion candle closes firmly, confirming the completion of the counter-move and resumption of downward momentum.
- The signal confirms strictly upon the close of the setup candle, using the open of the subsequent bar as the execution reference.
Structural Stop Loss Placement
- The indicator automatically projects a protective Stop Loss reference positioned outside the recent structural swing extreme.
- A configurable volatility buffer provides additional distance beyond key pivots to accommodate normal spread variations and short-term market noise.
4 Configurable Profit Targets
The indicator projects four structured risk-to-reward (R-multiple) levels:
- TP1 (0.5R): Initial objective configured for early partial scale-outs on immediate momentum resumption.
- TP2 (0.8R): Intermediate target capturing standard continuation swings.
- TP3 (1.2R): Extended target capturing broader trending impulse waves.
- TP4 (2.0R): Full expansion runner target designed to capture extended trend movements.
Closed-Bar Calculation Logic
- Signals and target levels calculate strictly upon candle close.
- Confirmed markers remain anchored to their original bars without recalculating, repainting, or shifting on future price data.
All-in-One Trading Toolkit on MT5
Purpose-built framework for systematic trend-retracement timing and disciplined momentum execution.
Built to support your trading workflow: multi-symbol screening, multi-timeframe confirmation, transparent Entry-SL-TP visual structures, and on-chart historical backtesting.
Multi-Symbol and Multi-Timeframe Scanner
Avoid opening dozens of separate charts.
The integrated MTF SCAN dashboard monitors multiple assets simultaneously across:
M15, M30, H1, H4, D1
Dashboard overview:
- Active Signal Discovery: Shows currently active BUY/SELL setups.
- Signal Status Tracking: Displays basic status of tracked signals (active, near TP, near SL).
- Higher Timeframe Confluence: Highlights when a higher-timeframe trend aligns with a lower-timeframe trigger.
- Market Bias Summary: UP, DOWN, or FLAT reading based on the indicator's own trend filter.
- One-Click Navigation: Click any dashboard cell to switch your active chart to that symbol and timeframe.
Trade Plan Visualization: Entry, Stop Loss and 4-Tier TP Ladder
A full plan displayed on the chart rather than a single alert:
Entry -> Stop Loss -> TP1 -> TP2 -> TP3 -> TP4
- Visual risk/reward zones projected directly onto your candles.
- Basic lifecycle status tracking (Active, TP Hit, SL Hit).
- Non-Repaint Design: Signals lock once the bar closes and do not recalculate, shift, or disappear afterward. This describes the calculation logic only and does not imply any particular outcome.
Signal Filtering (Signal Brake)
Sideways consolidation and two-sided liquidity wicks can generate repeated false signals. The Signal Brake logic is intended to reduce this:
- Limits rapid BUY/SELL flip-flopping in tight consolidation ranges.
- Restricts new same-direction signals while a prior setup is still active.
- Requires a minimum R-distance before the next signal can trigger.
On-Chart Historical Backtest Panel
A built-in panel summarizes how signals performed on historical data for the current settings:
- Historical hit-rate breakdown across TP1, TP2, TP3, and TP4.
- Sample size shown for the configured lookback period.
- Highlights which TP level had the best historical hit-rate for that sample.
- A simple sample-size indicator to help judge statistical relevance.Note: these figures reflect past price data for the tested symbol, timeframe, and settings only. Past results do not guarantee future performance.
Multi-Channel Alerts
Stay informed while away from the chart:
- MT5 Desktop pop-up notifications.
- Audio alerts (.wav).
- Push notifications to the MT5 mobile app via MetaQuotes ID.
Interface
Designed to stay out of the way of your chart:
- 3 size presets: Small (S) / Medium (M) / Large (L).
- One-click minimize and expand toggle.
- Draggable panel that remembers its position across timeframe changes.
Suited For Traders Who Want To:
- Pinpoint high-probability pullback entries during extreme short-term trend stretches.
- Distinguish between healthy market retracements and structural trend reversals.
- Screen mean-reversion setups across multiple symbols and timeframes simultaneously.
- Align short-term cyclical triggers with higher-timeframe trend structure.
- Execute trades using systematic structural Stop Loss levels and a 4-tier Take Profit ladder.
- Analyze historical setup distribution and hit rates directly on the live chart.
- Receive instant push notifications on MT5 mobile when valid continuation bars close.
Support and Free Trial
A free demo version can be tested in the Strategy Tester and on a demo chart before purchase, through the standard MQL5 Market demo feature.
Want to try the full version before buying? Message me and I'll set you up with a short-term full-feature trial license — just send a message with your account details.
For setup questions or technical support, feel free to send a message through my MQL5 profile.
