"Multitimeframe Reversals

//@version=5
indicator("Multitimeframe Reversals", overlay=true)

// Input parameters
lookback = input(14, "Lookback period")
resistance_threshold = input(2.0, "Resistance threshold")
support_threshold = input(2.0, "Support threshold")

// Calculate midline
midline = ta.sma(close, lookback)
plot(midline, color=color.white, title="Midline")

// Calculate upper and lower lines
upper_line = midline + resistance_threshold * ta.stdev(close, lookback)
lower_line = midline - support_threshold * ta.stdev(close, lookback)
plot(upper_line, color=color.green, title="Upper line")
plot(lower_line, color=color.red, title="Lower line")

// Define support and resistance reversal signals
support_reversal = ta.cross(close, lower_line)
resistance_reversal = ta.cross(upper_line, close)

// Plot signals
plotshape(support_reversal, style=shape.triangleup, location=location.belowbar, color=color.green, title="Support Reversal")
plotshape(resistance_reversal, style=shape.triangledown, location=location.abovebar, color=color.red, title="Resistance Reversal")