B Williams Divergent Bar

Signal appears only after the bar closes

• The indicator analyzes the closed bar (the one that has just completed).
• The arrow appears on the next bar (the currently open bar).
• While the bar is still open — there is no arrow.

1. The arrow never repaints

• Once the arrow appears, it stays on the chart forever in that exact position.
• No “recoloring” or disappearance of signals.

2. Sound alert

• A sound (alert.wav or any other file) triggers once when a new arrow appears.
• The sound plays immediately after the signal bar closes (usually in the first few seconds of the new bar).
• If the arrow was already on historical bars — the sound does not repeat.

3. Real-time time filter

• The indicator checks the open time of the signal bar.
• If the bar opened during the allowed time (e.g. 09:00–19:59), the arrow can appear.
• If the bar opened outside the allowed time — the signal is not shown (even if all other conditions are met).

4. Behavior on different timeframes

• On M1, M5, M15, M30, H1 — full functionality (including the time filter).
• On H4, D1, W1, MN1 — the time filter is automatically disabled and a yellow label appears: “Time filter does not work on this timeframe”.

5. What you see in real time:

• The bar closes → all conditions are instantly checked.
• If all conditions are met → an arrow appears on the next bar + sound alert plays.
• You receive the signal right at the very beginning of the new bar.

Example real-life scenario (H1):

• At 14:59:59 the hourly bar closes.
• The indicator checks this closed bar.
• If it is a perfect “Shooting Star” + all filters are passed → at 15:00:01 on the new bar a red arrow appears + sound alert plays.
• You can immediately make a trading decision.

The indicator searches for strong reversal patterns such as the “Shooting Star” and its bullish counterpart.

Signals:

• Red dot above the bar — sell signal
• Green dot below the bar — buy signal

Main signal conditions:

• Classic “Shooting Star” / “Inverted Hammer” with a long shadow
• The bar is significantly larger than the average size of the previous 5 bars (≥ 90%)
• The High/Low of the bar updates the 4 previous extremes
• The entire bar is strictly above (for sell) or below (for buy) all Alligator lines
• Alligator is in the correct order (Lips > Teeth for sells and vice versa)

Additional features:

• Adaptive distance of the dots from the bar
• Time filter (09:00–19:59) with automatic disable on H4, D1, W1, MN1
• Signals never repaint

A simple, clean and strict reversal indicator.