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The Universal Reversal EA is based on a reversal/pullback strategy of the current trend. Due to the wide range of applications, the EA can operate as a stand-alone EA, or due to the low risk settings, serve as a supplement to an existing trading setup. The solid backtests of more than 10 years show the durability of the EA under various market situations and global economic crises. The setting file can be found here (Comments #1) . Further explanations are below the settings.
Universal Reve
The Universal Reversal EA is based on a reversal/pullback strategy of the current trend. Due to the wide range of applications, the EA can operate as a stand-alone EA, or due to the low risk settings, serve as a supplement to an existing trading setup. The solid backtests of more than 10 years show the durability of the EA under various market situations and global economic crises. The setting file can be found here (Comments #1) . Further explanations are below the settings.
Universal Rev
The underlying strategy of this indicator is based on identifying momentum in the market and attempting to capture the direction of the trend through transitions between bullish and bearish moments. Utilizing bands around the RWMA allows for identifying potential overbought and oversold situations in the market.
1. Calculation of the Range Momentum Index (RMI): The RMI is based on a combination of the Relative Strength Index (RSI) and the Money Flow Index (MFI), both of which are momentum ind
The indicator calculates reversal points based on the past trend and forms a channel (outer) on this basis. This elapsed time span from which the reversal points are determined can be specified in the settings.
An inner channel is also drawn in white. The trend continues in this channel, if there is a sideways trend. Here the upper / lower line form the possible turning point.
The indicator is suitable for all trading areas, whether forex, crypto, metals, indices or futures. All areas trade
The indicator calculates reversal points based on the past trend and forms a channel (outer) on this basis. This elapsed time span from which the reversal points are determined can be specified in the settings.
An inner channel is also drawn in white. The trend continues in this channel, if there is a sideways trend. Here the upper / lower line form the possible turning point.
The indicator is suitable for all trading areas, whether forex, crypto, metals, indices or futures. All areas trade
This indicator shows you the higher high and lower low of a certain period of time.
It is easy to use - select your desired time frame (current, 15Min, 1H, 1D) and the corresponding number of candles.
The indicator measures the highest and lowest point within the specified range and automatically draws the two corresponding lines.
The design of the lines is up to you!
Should the trend break one of the drawn lines with a closed candle, a message will be sent to you by the built-in alarm f
This indicator shows you the higher high and lower low of a certain period of time.
It is easy to use - select your desired time frame (current, 15Min, 1H, 1D) and the corresponding number of candles.
The indicator measures the highest and lowest point within the specified range and automatically draws the two corresponding lines.
The design of the lines is up to you!
Should the trend break one of the drawn lines with a closed candle, a message will be sent to you by the built-in alarm f