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Reversal Master

4.89

The Reversal Master is an indicator for determining the current direction of price movement and reversal points. The indicator will be useful for those who want to see the current market situation better. The indicator can be used as an add-on for ready-made trading systems, or as an independent tool, or to develop your own trading systems.

The Reversal Master indicator, to determine the reversal points,  analyzes a lot of conditions since the combined analysis gives a more accurate picture of the market situation. The indicator analyzes Price Action patterns, the volume, and average range of movement of a trading instrument, as well as overbought and oversold levels.


Features of the Reversal Master indicator:

  • The indicator automatically determines the points of a trend reversal
  • The indicator is suitable for any instruments: currency pairs, indices, commodities, and binary options
  • The indicator automatically displays the potential profit for each position (Show Statistic Mode)
  • The indicator works on any timeframe
  • The indicator signals can be used for scalping and intraday strategies, as well as for long-term trading
  • The indicator is suitable for professionals and beginners
  • The indicator has built-in filters to filter out market noise
  • The indicator does not repaint its signals: the signal is sent strictly at the close of the bar, does not disappear and is not recalculated
  • The indicator can be used for developing Expert Advisors (EAs)

Parameters of the Reversal Master indicator:


>>>>>>>  MAIN SETTINGS  <<<<<<<

Select Indicator Mode - indicator operation mode:

  • Work Mode-1 - the previous version (v1.5 and lower) operating mode (with a different algorithm for calculating trend reversal points)
  • Work Mode-2 - the new version (v2.0 and higher) operating mode

Sensitivity (for Mode-1) - sensitivity setting for Mode-1

Show Statistic (for Mode-2) - displaying potential profit for each position for Mode-2

Bars for Count - the number of bars to calculate. If 0, the calculation is made for the entire available history. For weak computers, I recommend limiting this parameter to 5000 bars or less


>>>>>>> ALERT SETTINGS <<<<<<<

Sound Alert – activating the Sound Alert.

Sound File Name – sound file name in WAV format that will be played when a Sound Alert is activated. Must be located in the folder /Terminal/Sounds…

PopUp Alert – activating a Pop-Up message when a signal appears.

Push Notifications - activating Push notifications when a signal appears.

Email Notification - sending an Email message when a signal appears.


>>>>>>> COLOR SETTINGS <<<<<<<

Select Color Theme - selecting the color scheme of the indicator. (Off / Light Theme / Dark Theme)

Custom Colors Settings (if Select Color Theme = Off) - Profit Line Color / Loss Line Color / Profit Line Background Color / Loss Line Background Color


>>>>>>> ARROW SETTINGS <<<<<<<

Draw Arrow - enable the signal arrows indication on the main chart (Off / Arrow Type = 1 / Arrow Type = 2 / Arrow Type = 3)

Arrow Size - Arrow Size = 1 / Arrow Size = 2 / Arrow Size = 3 / Arrow Size = 4

Buy Arrow Color

Sell Arrow Color



Code to use in the Expert Advisor:

int Up = iCustom(Symbol(),Period(),"ReversalMaster",0,1);

int Dn = iCustom(Symbol(),Period(),"ReversalMaster",1,1);

The following values are read from the first (already closed) bar:


Buffer 0 - for Buy Signals

(0) - No Signal

(-1) - Buy Signal


Buffer 1 - for Sell Signals

(0) - No Signal

(1) - Sell Signal


The main task of the indicator is to display the already formed reversal points and not try to take the entire price movement from its very beginning. This algorithm was chosen to minimize the risks of false entries.

Built-in statistics allow us to see the potential profit for each position in history, showing the difference between the entry point and the price extremum formed before the opposite signal appears.

Negative trades are considered simplified when the opposite signal appears. You can fix losses using your own strategy.

Don't forget to upload historical data for the analyzed trading instrument!

Before buying, be sure to test the demo version of the indicator to determine whether it fits your trading style! I will be grateful for your Reviews!

Reviews 10
hamels16
205
hamels16 2020.11.28 08:28 
 

great support and good indicator!!!!

Cengiz Erkoyuncu
3903
Cengiz Erkoyuncu 2020.10.23 08:38 
 

Wonderful indicator.

RDI
1482
RDI 2020.10.08 19:35 
 

Great Job . Thanks for your effort Alexey!!

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Currently at 33% discount! MACD is one of the most popular momentum and trend indicator. Currency Strength Meter is also a trend indicator which is based on multiple currencies. MACD Currency Strength Meter is a one chart indicator which have the algorithm of MACD and Currency Strength Meter. It also have one-click feature, in which 28 major and minor pairs are shown on your dashboard, by clicking a certain pair, your chart will change automatically to the chart of your choice. Product Adva
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Filter:
GregTrader1
50
GregTrader1 2022.09.07 20:02 
 

Very good indicator

hamels16
205
hamels16 2020.11.28 08:28 
 

great support and good indicator!!!!

Cengiz Erkoyuncu
3903
Cengiz Erkoyuncu 2020.10.23 08:38 
 

Wonderful indicator.

RDI
1482
RDI 2020.10.08 19:35 
 

Great Job . Thanks for your effort Alexey!!

Emrah Oz
304
Emrah Oz 2020.10.06 12:52 
 

Indicator is very good with my strategy. Combined with a multi time frame trend indicator and my backtests had a very good win loss ratio. Doesnt give so much signals which is good. To get more signals all you need to do is adding more pairs. Im getting around 10 signals a day after adding 12 pairs. And gold is interesting with this indicator. And.. about author, respectful and eager to further developing the indicator. I had a few requests and he wrote the next day that he will make them happen in a few days. So, everything is great until now.

Wolfgang Rockert
1930
Wolfgang Rockert 2020.09.26 23:40 
 

Very good Indicator, use them with your Strategie ... Clear Buy!!

PRECIZIONE
59
PRECIZIONE 2020.03.07 17:43 
 

The version 2.0 completely changed my look of this indicator! The signals seem much more reliable and the visuals of profit and loss are just great! Great addition would be the ability to see historical profit and loss and also suggestions for TP and TL similarly like in Infinity Trendline PRO. Great work!

Yohana Parmi
10819
Yohana Parmi 2020.02.16 09:39 
 

The day after I learned it, -- I knew how to use this indicator.

If people know how to use it, then more than a thousand people will buy it immediately

-- without having to think too much.

KonradBi
68
KonradBi 2018.04.03 10:33 
 

Great Product

pinijota
57
pinijota 2018.01.11 20:20 
 

Good indicator, as more volatile is the currency pair better

Reply to review
Version 2.6 2022.10.27
▪ Improvements and optimizations in the signal module

▪ Other code improvements
Version 2.5 2020.10.10
▪ Added custom colors to the Settings

▪ Minor improvements in the indicator code
Version 2.4 2020.10.07
▪ Added the signal arrows indication on the main chart

▪ Improvements to the Alert Module
Version 2.3 2020.06.12
A minor fix in the indicator code
Version 2.2 2020.05.21
* Added the ability to select the operating mode: the new (v2.0 and higher), and the previous operating mode with a different algorithm for calculating trend reversal points
Version 2.1 2020.04.27
Optimization of internal algorithms
Version 2.0 2020.04.22
A full update of the indicator
Version 1.4 2016.08.03
* Added e-mail notifications

// EmailNotifications = true/false
Version 1.2 2016.07.28
* Improved compatibility with the new build
* Modification of calculation algorithm
Version 1.1 2015.11.18
Added:
- The additional filtration of signals.
- Push-notifications (Optional).