Reversal indicators are the secret to successful trading.
One of the most important events in Forex is a trend reversal, when the price reverses its movement.
A trend reversal allows you to open a position at the moment a new trend emerges at the best price or close an existing deal at the most favorable rate.
The main thing is to determine in advance the beginning of the reversal; the easiest way to do this is with the help of so-called reversal indicators. They help make technical analysis in Forex much easier.
The best reversal indicators.
Chaos indicator – the signal for a reversal for this instrument is the intersection of multi-colored lines; it is this moment that indicates the beginning of a new trend.
The indicator window is present, and the zero line serves more as a guide and to assess the general state of the market.
http://time-forex.com/indikators/in-shaos
MACD combo indicator - in appearance, this reversal indicator is quite similar to the previous tool.
True, the basis for sending signals is a different strategy. After adding to a currency pair, the indicator is displayed in a separate window in the form of two signal lines and a histogram.
The indicator is based on three moving averages - a fast moving average, a slow moving average and a signal.
http://time-forex.com/indikators/macd-combo
VininI LRMA color is one of the simplest reversal indicators, but at the same time no less effective.
After installation, a signal line is added to the chart; when the trend changes, it also changes color - red - downward trend, green - upward trend, yellow flat.
It is recommended to filter reversal signals using an additional indicator, since the instrument does not always work correctly during a flat.
http://time-forex.com/indikators/vinini-lrma-color
Pivot points indicator - the main task of this indicator is to find pivot points; its work is based on support lines and a moving average.
In addition, the constructed channel gives a general idea of the trend that is currently present in the Forex market.
Main signals - blue arrows indicate an uptrend, red arrows indicate a downtrend.
http://time-forex.com/indikators/indikator-tochek-razvorota
No indicator will give you a one hundred percent guarantee of a reversal, so when opening trades, do not forget about setting stop loss and take profit.