Indreverse indicator.

A signal indicator that alerts you to a market reversal using multicolored arrows. It allows you to anticipate an impending price reversal and close existing positions.

This is another attempt by the script's author to predict the upcoming trend. A review of the signal history shows that over 60% of the signals have been accurate.

This rather poor performance precludes recommending the Indreverse indicator as a signal provider for opening new positions. To verify signals, it is recommended to use an additional filter.

This could be another technical analysis indicator that also analyzes the trend and estimates the likelihood of a reversal.

The indicator's distinctive feature is its ease of configuration. You can only change two parameters and the trend line width.

iPeriod increases or decreases depending on the time frame you're trading on.

cbars is the number of bars used in the script's operation.

Once added to the chart, a separate window appears with a trendline and arrows—red arrows indicate a sell signal, green arrows a buy signal.

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

Download the Indreverse indicator.