Indreverse indicator.

A signal indicator indicating a market reversal using multi-colored arrows. Allows you to find out in advance about an upcoming change in the direction of price movement and close existing positions.

Another attempt by the script author to guess the upcoming trend; if we evaluate the history of signals, we can say that more than 60% turned out to be correct.

The result is rather not good; it does not allow us to recommend the Indreverse indicator as a signal provider when opening new positions; it is recommended to use an additional filter to check signals.

Which can be another indicator of technical analysis, which also analyzes the trend and gives an assessment of the likelihood of a reversal.

A distinctive feature of the indicator is its ease of configuration; you can only change two parameters and the thickness of the trend line.

iPeriod - changes up and down depending on the time frame you are trading on.

cbars - the number of bars involved in the script.

After adding it to the chart, a separate window appears in which there is a curve repeating the trend and arrows - red - a signal to sell, green - a signal to buy.

You can also get free signals on the page " Forex SMS signals ".

Download the Indreverse indicator.