This is a Reversal trading signal system (part 2) for any range markets. It’s better used with timeframe from 15 min to 60 min for day trading or swing trading. It generates reversal signals for the important turning point bars and candles with no repaint and no lagging.
Part 2 internal R/S setting is different from part 1. Use this script with part 1.
How does it work?
* Defines support/resistance (S/R) levels based on floor trader’s pivot points and my own S/R levels.
* Calculates the reversal signals, price reactions close to all above S/R levels.
* Generates reversal trading signal: buy/long or sell/short based on all combined factors.
What are the Reversal signals?
* Blue arrow means trend is reversed to bullish
* Pink arrow means trend is reversed to bearish
How to use?
* Blue up arrow : Buy(Long) or continuous Buy(Long)
* Pink down arrow : Sell(Short) or continuous Sell(Short)
* Have to increase time frame to reduce signal noises, prefer 15-60 min.
* There is no way to filter all noises even with higher time frame, all the trades must have a stop.
How to access?
* PM me to obtain access
* 10 day Free Trial is available