2-Pivot Rising Bearish Wedge by StockTraderChia

This indicator is a specialized technical analysis tool designed to identify and trade high-probability bearish reversals. It focuses on the Rising Wedge pattern, which signals that buying momentum is narrowing and a sharp breakdown is likely. It is primarily built for short-sellers, day traders, swing traders, any bias for downward profits who trade "low-float" stocks or momentum reversals (set to zero if you are just looking at breakdowns). By combining geometric price patterns with share-float data, it filters out "fake-out" breakdowns that lack sufficient volume.
 
How the Indicator Works
Pattern Detection: It looks for two higher highs and two higher lows. For a valid "Rising Wedge," it requires the bottom support line to be steeper than the top resistance line, indicating the price is being squeezed upward.
The "Trap" Level: Unlike standard wedge scripts that only look for a trendline break, this script uses a more conservative trigger. It draws a horizontal dashed line at the Low of the first Pivot High. A breakdown is only confirmed when the price closes below both the sloping support and this horizontal level.
Volume Filter (Float Turnover): It integrates financial data to calculate "Float Turnover %." It requires the breakdown bar to have enough volume (relative to the stock's available shares) to prove that the move is backed by real selling pressure.
Key Visual Features
Color-Coded Wedges: Each new wedge detected is assigned a unique color from a cycle to make them easy to distinguish on the chart.
Real-Time HUD: A sleek table at the bottom of your screen displays the Entry Price, current P/L % of the short, and the Free Float stats for the stock.
Mobile-Ready: Includes a "Mobile Layout Mode" that adjusts the text size and table positioning so it doesn't clutter your screen on the TradingView phone app.
 
How you will receive this purchase via e-mail (please check junk mail if you do not see it):
1. You will receive a zip file which contains two files:
2-Pivot Rising Bearish Wedge by StockTraderChia.txt
How to Copy & Paste the code and Use 2-Pivot Rising Bearish Wedge by StockTraderChia.pdf
 
 
Full Disclaimer, Terms of Use, and No-Refund Policy
By purchasing, downloading, or using this "2-Pivot Rising Bearish Wedge by StockTraderChia" Pine Script (the "Indicator"), you are agreeing to the following terms and conditions.
 
Please read this disclaimer carefully before using the Indicator.
1. Risk Disclosure and "As-Is" Status
The Indicator provided is for educational and informational purposes only. It is not intended as financial advice, solicitation, or a recommendation to buy or sell any stock, security, or cryptocurrency.
No Guarantees of Profit: Stock trading involves substantial risk of loss and is not suitable for every investor. There is no guarantee that the use of this Indicator will result in profits or prevent losses.
Use at Your Own Risk: The user accepts full responsibility for all trading decisions, analysis, research, prices, charts, and market interpretations that they make while using this Indicator. The creator and seller of this script bear no responsibility for your trading outcomes.
Data Reliability: The Indicator relies on third-party data sources (TradingView, financial data providers). The creator cannot guarantee the accuracy, completeness, or timeliness of this underlying data.
 
2. Limitation of Liability
The Creator of this script cannot be sued for your usage of the indicator.
To the maximum extent permitted by applicable law, the creator and seller shall not be liable for any direct, indirect, incidental, special, consequential, or exemplary damages, including but not limited to, damages for loss of profits, data, or other intangible losses, resulting from:
The use or the inability to use the Indicator;
The costs of procurement of substitute goods and services;
Any decisions made or action taken by you based on the information provided by the Indicator.
 
3. No Refund Policy
There are no refunds available for the purchase of this Indicator.
All sales are final. Due to the nature of digital goods and intellectual property (Pine Script source code), once the product is delivered or downloaded, we are unable to process any refunds, returns, or exchanges. By purchasing this Indicator, you acknowledge and agree to this no-refund policy.
 
4. Acceptance of Terms
Your purchase and use of the "2-Pivot Rising Bearish Wedge by StockTraderChia" constitute your express acceptance of all terms detailed in this disclaimer. If you do not agree with these terms, do not purchase or use the Indicator.