Reversal indicator.

In Forex, there's nothing more important than knowing in advance about an impending reversal. This allows you to close a trade immediately, rather than waiting for losses to reach your stop loss. This information can be obtained through fundamental or technical analysis.

In the latter case, it's best to use a special reversal indicator, which will warn the trader of 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 overlaid on the trader's terminal , displayed in two colors.

During an uptrend, it is blue, while during a downtrend, it is purple (brown by default). You can change the colors to your liking in the indicator settings.

In addition, there are two trend lines, which also serve as a signal of an upcoming reversal and act as an additional filter. The intersection of these lines signals an imminent trend change.

The script has a ton of additional settings, primarily related to the Moving Average parameters, closing and opening prices, and a few other aspects. All indicator settings are located in the archived text file.

Trading with this technical tool is quite simple: when a reversal signal is received, we close existing trades or open new ones in the direction of the emerging trend.

Download the reversal indicator.