HOLO Engine
https://www.tradingview.com/script/o...p-HOLO-Engine/
This is a Pine Script v5 conversion of the HOLO concept originally coded by thi4gon for MetaTrader 4. Full credit to thi4gon for the original systems code and mean-reversion framework — this publication brings that idea into TradingView with a fully rebuilt engine, multi-timeframe support, signal filtering, an info panel, and alert conditions.
HOLO stands for Highest Open / Lowest Open. The core idea: the highest and lowest opening prices recorded by intraday bars since the day started act as significant mean-reversion levels. Price tends to return to these open extremes after deviating from them. The HO is a potential sell level; the LO is a potential buy level. Stop-loss reference is the current day's running high (for sells) and running low (for buys).
https://www.tradingview.com/script/o...p-HOLO-Engine/
This is a Pine Script v5 conversion of the HOLO concept originally coded by thi4gon for MetaTrader 4. Full credit to thi4gon for the original systems code and mean-reversion framework — this publication brings that idea into TradingView with a fully rebuilt engine, multi-timeframe support, signal filtering, an info panel, and alert conditions.
HOLO stands for Highest Open / Lowest Open. The core idea: the highest and lowest opening prices recorded by intraday bars since the day started act as significant mean-reversion levels. Price tends to return to these open extremes after deviating from them. The HO is a potential sell level; the LO is a potential buy level. Stop-loss reference is the current day's running high (for sells) and running low (for buys).
