Reverse No Repaint

Reverse No Repaint

ReverseNoRepaint Elite — how it works

The indicator identifies potential trend reversal points on any chart by looking for a specific candle pattern. Its core logic checks whether the current bar has broken below (or above) the prior bar's high and low simultaneously, while also confirming that no candle within a lookback window (set by FilterCandle , default 12) exceeded that prior bar's extreme. In other words, it finds a bar that breaks cleanly out of a consolidation zone — a genuine momentum shift, not just noise.

The "no repaint" part is the key engineering challenge. On bar 0 (the live, still-forming candle), most indicators constantly redraw as price moves, causing arrows to appear and disappear. This indicator solves that with a latch mechanism: the signal is evaluated only once when bar 1 closes (becoming a confirmed candle). The result — side, price, direction — is stored in g_Bar0Side and g_Bar0Price . Every subsequent tick on bar 0 simply replays that stored value, so the arrow stays fixed and stable.

The AlternateOnly option enforces signal discipline by requiring buy and sell signals to strictly alternate — no two consecutive signals in the same direction.

On top of that, it includes a live dashboard (position, colour, and content all configurable) showing the last signal direction, its price, cumulative buy/sell counts, and the active filter length. Alerts can fire via popup, push notification, email, or sound.