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Vein Pullback
Vein Pullback solves one of the most common trading problems: distinguishing between a temporary pullback and a real trend reversal. A score from 0 to 10 weights trend quality, active pullback state, move weakness and depth on Fibonacci levels. An internal state machine starts at EMA crossings and ends the pullback state at reclaim, structure break or timeout. AutoTF parameterization ensures EMA distances remain appropriate to the timeframe.
Screenshot coming soon
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Features
Usage: Open the Pine Editor on TradingView, copy the code from the GitHub repository and paste it.
This script is an idea for developing your own Pine Script indicators. It does not constitute investment advice and serves exclusively as technical learning material. Use at your own risk.
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