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PA Trend Reversal

Price action is among the most popular trading concepts. A trader who knows how to use price action the right way can often improve his performance and his way of looking at charts significantly. However, there are still a lot of misunderstandings and half-truths circulating that confuse traders and set them up for failure.

Using PA Trend Reversal will be possible to identify high probability exhaustion moves of a trend.

⚠️ AVOID NEWS AND SPEECHES - most of the bad signals are during the news/speeches.


I suggest you using this on EURJPY M5 with Martingale Step1.

*Candles for Calculation = 2;

*Minimum body size of the previous candle (points) = 15;



Features

  • The indicator gives alerts in real-time when the conditions are met.
  • Round Number Filter (this is the basic price action).
  • Volume Filter

Inputs

  • Candles for calculation - How many candles do you want  for the price action calculation.
  • Maximum size of wick for current candle (use in points)
    *Candles that have no wicks in the direction of the trend are the perfect trade but you can add a small wick like 10-30 points.
  • Minimum body size of the current candle   -Candles with big body size are recommended.
  • Minimum body size of the previous candle -If the previous candle is smaller than XX points the signal is not valid. The bigger is the previous candle the better will be the signal.
  • Candles to calculate high/low. Use this settings when you don't want to trade the signals on a flat market.
    You can select the number of candles to look back and find the lowest/highest price.
    Then you can get signals only at a distance of that lowest/highest price for the selected number of candles
  • Filter signal with Volume. Filter the signals.


*I recommend:

Big previous candle.

No breakout tries before the signal.


Strategy Trend Reversal Signals for Binary Options (Timeframe recommended: 5-15MIN)

  • Alert comes in and the current candle is near a support/resistance or a RN (Round Number).
  • Check the support/resistance line to see if it's a breakout.
  • You enter with 5 seconds before the current candle closes.
  • DO NOT trade during news.

Strategy Trend Reversal Signals For Forex (Timeframe recommend: 1H-4H)

  • Alert comes in and the current candle is near a round number. If the candle close breaking out the round number or support/resistance, you can enter but with small lot.
  • Check the round number or support/resistance line to see if it's a breakout.
  • DO NOT trade during news.


How to maximize the winning ratio ?


Use the indicator with these inputs:

Candles for calculation = 5

Use the volume filter - JustVolumeSignals

TF - M5

Will be less signals but more accurate. especially on Binary Options.

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Precautions for subscribing to indicator This indicator only supports the computer version of MT4 Does not support MT5, mobile phones, tablets The indicator only shows the day's entry arrow The previous history arrow will not be displayed (Live broadcast is for demonstration) The indicator is a trading aid Is not a EA automatic trading No copy trading function The indicator only indicates the entry position No exit (target profit)  The entry stop loss point is set at 30-50 PIPS Or the front
Yazarın diğer ürünleri
Supply Demand Zone Pro Indicator works with all products and timeframes. It is using a new calculation method, and now you can select the desired zone on any timeframe! Strongest Zones are already enabled by default This is a great advantage in trading.This indicator has a built in backtester enabled by default, just move the chart. Supply and Demand ? Supply is a price zone where sellers outnumbered buyers and drove the price lower. Demand is a price zone where buyers outnumbers sellers and
This EA is to be based on buying /selling via buffers. ATTENTION!!! If you are using indicators from MQL5 Market use the Market folder: Example:  Custom Indicator Name - /Market/name of the indicator AVAILABLE BETA VERSION - Contact telegram: forextown Martingale, 3 custom filters, close on another signal by custom indicator, etc    This is based on the calling of a custom signal indicator.    Here are the INPUTS below and I will give a description of how each INPUT works. Please see b
FREE
Optimize your trading strategy of your custom indicators with the "Indicator Combiner Into One Indicator". This advanced tool combines multiple indicators, including your custom indicators, into a single, user-friendly interface. It generates an arrow signal based on your  custom indicators, simplifying your decision-making process. Ideal for traders of all levels, this indicator offers:     Arrow Signals : Get a clear, single arrow signal that combines insights from your custom indicators, m
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Nygma Binary Options is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset with few major tweaks. This is NOT RSI. Features V3: Added Supply/Demand Filter: You must add your own S/R indicator .  You get alerts when prices is entering on a specific supply/demand zone. How to use the S/R Filter? Load the Nygma_Mod.ex4 into the chart, after that load your S/R indicator on the chart. In orde
Mr Pip Scalping Indicator is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset with few major tweaks. This is NOT RSI. Features V2: Added Supply/Demand Filter You can select which zone to see on the chart ( Important Resistance/Support; Verified Resistance/Support; etc ).  You get alerts when prices is entering on a specific supply/demand zone. How to use? When the signal comes, you wi
Mr Pip Trend indicator combines powerful price action analysis and sophisticated algorithmic data analysis to provide traders with high-accuracy chart analysis and support the decision-making process. You can use Mr Pip Trend Indicator to trade all the markets (all Forex pairs, all CFDs and Cryptocurrencies) on all timeframes!   Mr Pip Trend Indicator provides chart analysis that is effective at detecting new trends but finds the exact sweet-spot between early and late entries. What is different
Reversals typically refer to large price changes, where the trend changes direction. Small counter-moves against the trend are called pullbacks or consolidations.When it starts to occur, a reversal isn't distinguishable from a pullback. A reversal keeps going and forms a new trend, while a pullback ends and then the price starts moving back in the trending direction. Difference Between a Reversal and a Pullback A reversal is a trend change in the price of an asset. A pullback is a counter-move w
Price action is among the most popular trading concepts. A trader who knows how to use price action the right way can often improve his performance and his way of looking at charts significantly. However, there are still a lot of misunderstandings and half-truths circulating that confuse traders and set them up for failure. Using PA Trend Reversal will be possible to identify high probability exhaustion moves of a trend. Features The indicator gives alerts in real-time when the conditions are me
Filtrele:
robson1000
123
robson1000 2020.07.05 00:52 
 

the ps trend reversal is not working ... there was no signal operating with 20 currency pairs, after 02 days

İncelemeye yanıt
Sürüm 4.0 2020.10.17
Code cleaned
Increased performance
Sürüm 3.0 2019.01.10
Integrated the volume filter into the indicator code.
Sürüm 2.0 2018.11.26
Added Round Number Filter
Added Volume Filter
Added Support Resistance lines.
Sürüm 1.2 2018.10.02
We have added some new option to filter the signals.

Maximum size of wick for current candle (use in points)
*Candles that have no wicks are the perfect trade but you can add a small wick like 10-30 points.
Minimum body size of the current candle
*Candles with big body size are recommended.
Minimum body size of the previous candle
*If the previous candle is smaller than XX points the signal is not valid. The bigger is the previous candle the better will be the signal.

**Trend Filter Settings**
Points distance from the high/low
Candles to calculate high/low.
Use this settings when you don't want to trade the signals on a flat market.
You can select the number of candles to look back and find the lowest/highest price.
Then you can get signals only at a distance of that lowest/highest price for the selected number of candles.