Reversal indicator.

There is nothing more important in Forex than finding out in advance about the upcoming reversal; this will allow you to close the deal immediately, rather than wait until losses reach the stop loss.

You can obtain such information using fundamental or technical analysis data. In the latter case, it is best to use a special reversal indicator; it will warn the trader about an imminent trend change.

Reversal indicator - works on the basis of the MACD script, which has been significantly modernized and improved.

The tool works quite simply; a histogram is superimposed on the trader’s terminal , which is presented in two colors.

In an uptrend, it is blue; in a downtrend, it is purple (brown by default); you can change the colors to your taste in the indicator settings.

In addition, there are two trend lines, which also serve as a source of signals about an upcoming reversal, and play the role of an additional filter. The intersection of these lines indicates an imminent trend change.

The script has a lot of additional settings, which mainly concern the parameters of the Moving Average, closing and opening prices and some other points.

All indicator settings are in the archive text file. Trading using this technical instrument is quite simple - when we receive a reversal signal, we close existing transactions or open new ones in the direction of the emerging trend.

Download the reversal indicator.