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//@version=4
// © Dreadblitz
study(title="Simple Reversal Point", shorttitle="SRP", overlay=true)
//
c1 = close[1] < open[1] and close > open
c2 = close > open[1]
c3 = lowest(low,3) < lowest (low,50)[1] or lowest(low,3) < lowest(low,50)[2] or lowest(low,3) < lowest(low,50)[3]
buy = c1 and c2 and c3
//
c4 = close[1] > open[1] and close < open
c5 = close < open[1]
c6 = highest(high,3) > highest (high,50)[1] or highest(high,3) > highest(high,50)[2] or highest(high,3) > highest(high,50)[3]
sell = c4 and c5 and c6
//
plotshape(buy == 1 , text='💣', style=shape.arrowup, location=location.belowbar, color=#32CD32, textcolor=color.white, offset=0, transp=0,size=size.auto)
plotshape(sell == 1 , text='🔨', style=shape.arrowdown, location=location.abovebar, color=#FF0000, textcolor=color.white, offset=0, transp=0,size=size.auto)
//
alertcondition(sell == 1 ,title="Sell",message="Sell")
alertcondition(buy == 1 ,title="Buy",message="Buy")
alertcondition(buy == 1 or sell == 1 ,title="Buy/Sell",message="Buy/Sell")
//