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FxGlow Reversal Edge MT5

This unique indicator detects reversal signals using price action and volume algorithm. It has also the ability to predict reversal power using the probability of past price movement and past volume analyzed.


Expectations

To achieve more accurate trading, please use this tool in addition or support to the system you are using. This tool will perform better if combined with the right strategy.


Combination

To further boost the efficiency of this tool, you can combine this with FxGlow Zone Barrier.

You can check the strategy on this video link https://youtu.be/QhP59H2yKCo

Trade Reversals in the direction of trend by combining with FxGlow Force Factor.

You can check the strategy on this video link https://youtu.be/Rh07nTKhALE


Key features

  • Predicts reversal
  • Predicts power of reversal move
  • DOES NOT repaint
  • DOES NOT recalculate
  • Signals on OPEN/beginning of bar
  • Works in ALL pairs
  • Works in ALL timeframes
  • Can be used for Expert Advisors
  • Implements popup, email, push notification and sound alerts


Settings

  • Period - number of bars used for the indicator calculations
  • Max Bars - maximum number of history bars used


How to use

The indicator is composed of two parts

  • Reversal signal = signal to enter a trade
  • Reversal power = number used to predict the probability of the reversal
    • 65 to 80% are normal reversal signals
    • 81% and above are usually higher probability


Notes

This indicator is a manual trading tool that can be used in many ways.

To test its effectiveness to your current trading systems, please take time to test the free DEMO first.

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Version 3.0 - 2017.03.23
More compatible to build update.