VininI LRMA color (reversal indicator).
An interesting version of the indicator that will warn you about a trend reversal and the beginning of a new trend, which will allow you to close old transactions without losses and open new ones at the most favorable moment.
The reversal indicator warns the trader by simply changing the color of the trend line, and if you analyze the history, the signals are given with fairly high accuracy.
The tool can be used with equal efficiency both for entering the market and for timely closing of existing positions, and it has no restrictions on currency pairs and trading time period.
VininI LRMA color works as follows - after adding a trader to the terminal, a curved line appears on the chart that follows the movement of the trend, but at the same time:
• An uptrend is indicated in green.
• A downtrend is red.
• And the reversal period is yellow.
In order to get more fine-tuning, you can change the following parameters:
period - this parameter is responsible for the period on which it is used, we increase it to work on long time frames and decrease it on short ones.
price - the price that will be used in calculations - Close - 0, Open - 1, High - 2, Low - 3, HL/2 - 4
Shift - adjust the deviation of the indicator line from the trend on the chart of the currency pair .
That is, below or above the trend line. We check the adjustment by analyzing the number of false signals; unfortunately, the same thing happens.
There is no need to specifically explain how to use the reversal indicator; the signal for a trend change is the yellow color, after its appearance we bury the orders opened in the direction of the trend and open new positions.
Download VininI LRMA color .