Trend reversal indicator.

A fairly effective indicator that helps you notice a trend reversal in time and close an existing position or, conversely, choose the best moment to open a new order.

The trend reversal indicator uses a moving average when making forecasts; the operating principle is reminiscent of the popular MovingAverage, but a more advanced version.

Thanks to the change, the indicator is now displayed in a separate window below the main chart of the currency pair; all work is built on the basis of three lines.

Download the trend reversal indicator.

After installing the script, three lines will appear in a separate window, the first (axial) divides the motion field into positive ranges from 0 to +100 and negative ranges from 0 to -100, the other two lines (signal) are curves of the same color.

• Center line - enhances or weakens the received signal, depending on which side of it the other two lines are located.

In a positive range - signals to buy, in a negative range - to sell. • Signal lines - give signals to enter the market, a new signal comes out after crossing the lines:

Buy order - open if the solid line crosses the dotted line in the upper direction, and all this happens in a positive range.

Sell ​​order - if the solid line crosses the dotted line in a downward direction, it is desirable that the intersection point be in the negative range.

Since each of the signals can be the beginning of a trend reversal, do not forget about existing positions; it is better to close them when receiving information about a reversal against an open order.

Additional settings are located in the shared archive with the file of the trend reversal indicator itself.