Extremely Reversal Signals
Category: Indicator Version: 1.02
Elevate your trading strategy with the Reversal Signals indicator by AlgoAlpha. This advanced tool is designed to pinpoint potential bullish and bearish reversals by analyzing price action and, optionally, volume confirmations. It seamlessly combines reversal detection with trend analysis, giving you a comprehensive view of market dynamics to make informed trading decisions.
Are you logged in and have purchased a subscription? Download product now
Elevate your trading strategy with the Reversal Signals indicator by AlgoAlpha. This advanced tool is designed to pinpoint potential bullish and bearish reversals by analyzing price action and, optionally, volume confirmations. It seamlessly combines reversal detection with trend analysis, giving you a comprehensive view of market dynamics to make informed trading decisions.
Key Features
Quick Guide to Using the Reversal Signals Indicator:
🛠 Add the Indicator: Add the indicator to your favorites by pressing the star icon. Customize settings like Candle Lookback, Confirm Within, and Use Volume Confirmation to fit your trading style.
Figure 1
📊 Market Analysis: Observe the "𝓡" labels on the chart indicating bullish and bearish reversal signals. Look for labels below the bars for bullish signals and above the bars for bearish signals. Use the color-filled areas between the stepped moving average and the center line to assess market trends.
Figure 2
🔔 Alerts: Enable notifications for reversal signals and trend shifts to stay informed about market movements without constantly monitoring the chart.
Figure 3
How It Works
The Reversal Signals indicator operates by conducting a thorough analysis of price action over a user-defined lookback period. For a bullish reversal, the indicator checks if the current closing price is lower than the lows of the preceding candles within the lookback window, suggesting a potential oversold condition. If this criterion is met, it marks the candle as a potential reversal point and waits for confirmation within a specified number of subsequent candles. Confirmation occurs when the price rises above the high of the identified candle, signaling a bullish reversal. An optional volume confirmation can be enabled to ensure that the reversal is supported by higher-than-average trading volume, adding an extra layer of validation to the signal. The process is mirrored for bearish reversals, where the indicator looks for the closing price exceeding previous highs and awaits confirmation of a downward move.
Complementing the reversal signals, the indicator features a stepped moving average that serves as a dynamic trend indicator. This moving average updates at intervals defined by the MA Step Period and shifts direction based on price crossings. If the price remains above the stepped MA, it indicates a bullish trend, coloring the area between the MA and the center line in green. Conversely, if the price falls below the stepped MA, a bearish trend is signaled, and the area is shaded red. This visual representation helps traders quickly assess the prevailing market trend and align their trading decisions accordingly.
Experience a new level of market insight with the Reversal Signals indicator. Add it to your favourite today and enhance your ability to detect and act on key ma.
Category: Version: 1.00
The Zero-Lag MA Trend Levels indicator combines a Zero-Lag Moving Average (ZLMA) with a standard Exponential Moving Average (EMA) to provide a dynamic view of the market trend. This indicator automatically plots the EMA and ZLMA lines on the chart. The colors of the lines represent the market trend.
Category: Version: 1.01
Introducing our new KDE Optimized RSI Indicator! This indicator adds a new aspect to the well-known RSI indicator, with the help of the KDE (Kernel Density Estimation) algorithm, estimates the probability of a candlestick will be a pivot or not. For more information about the process, please check the "HOW DOES IT WORK ?" section.
Category: Version: 1.03
A Lorentzian Distance Classifier (LDC) is a Machine Learning classification algorithm capable of categorizing historical data from a multi-dimensional feature space. This indicator demonstrates how Lorentzian Classification can also be used to predict the direction of future price movements when used as the distance metric for a novel implementation of an Approximate Nearest Neighbors (ANN) algorithm.
Linear Regression Candles Signal
Category: Version: 1.02
There are many linear regression indicators out there, most of them draw lines or channels, but this one actually draws a chart. This indicator also alow user show MA line on chart. So buy signal is when red candle and crossdown with MA line and vice versal.
Category: Version: 1.02
AlphaTrend is a brand new indicator which inspired by Trend Magic.
Linear Regression Channel with signal
Category: Version: 1.01
The Linear Regression Channel Indicator is a versatile tool designed for Metatrader to help traders visualize price trends and potential reversal points. By calculating and plotting linear regression channels, bands, and future projections, this indicator provides comprehensive insights into market dynamics. It can highlight overbought and oversold conditions, identify trend direction, and offer visual cues for future price movements.
Category: Version: 1.02
Elevate your trading strategy with the Reversal Signals indicator by AlgoAlpha. This advanced tool is designed to pinpoint potential bullish and bearish reversals by analyzing price action and, optionally, volume confirmations. It seamlessly combines reversal detection with trend analysis, giving you a comprehensive view of market dynamics to make informed trading decisions.
Category: Version: 1.00
Inspired by TTrades video on daily bias, this indicator aims to develop a higher timeframe bias and collect data on its success rate. While a handful of concepts were introduced in said video, this indicator focuses on one specific method that utilizes previous highs and lows. The following description will outline how the indicator works using the daily timeframe as an example, but the weekly timeframe is also an included option that functions in the exact same manner.
SMT Divergences multiple symbol
Category: Version: 1.03
ICT SMT divergence represent a situation in the market where two correlated assets, being seen within the same timeframe, exhibit opposing structure. This can be seen in two positively correlated assets, as one asset forming a higher low, while the other forming a lower low instead of higher low.
Category: Version: 1.00
This script is an enhanced version of the classic Supertrend indicator. It incorporates an additional feature that ensures trend reversals are more reliable by introducing a Fakeout Index Limit and a Fakeout ATR Mult. This helps avoid false trend changes that could occur due to short-term price fluctuations or market noise. In smart money concept, when institute , "big-fish" want to buy, they usually sell first to take sellside liquidity and vice versal. This is why the indicator become importance. You can think about when fake break out happen, it time, big-fisrt manipulate, so this is oppotunity for your buy / sell entry.