• Overview
  • Reviews
  • Comments

Reversal Price Level Detector RPLD by POOSAA

Reversal Price Level Detector RPLD: The main idea of this indicator, is to help detect possible reversal price level of the market.

Reversal Price Level Detector RPLD: Can be of use with any pair and with any timeframe. It does not repaint.

Reversal Price Level Detector RPLD: Can be of use for scalping and day trading. It’s a breakout indicator.

Reversal Price Level Detector RPLD: Can be of help to detect the pattern of the market on a chart.

Reversal Price Level Detector RPLD is a multi-timeframe indicator {MTF}.


Entry rules

  1. If a Pop Alert "Buy!", I will set Buy StopOrder Or Buy LimitOrder and wait for the price to hit any of both pending order, and I will set my StopLoss and TakeProfit with "Range:pip", which is above "FX_R-P-L-D by POOSAA" available on the chart.
  2. If a Pop Alert "Sell!", I will set Sell StopOrder Or Sell LimitOrder and wait for the price to hit any of both pending order, and I will set my StopLoss and TakeProfit with "Range:pip", which is above "FX_R-P-L-D by POOSAA" available on the chart.


More

  • It can be of use with standard indicator provided by your broker like MA, RSI, Stoch,CCI, MACD, etc. It is designed to be used alone.
  • TakeProfit Price will always be hit in trend.
  • It can be of help detecting new HIGH and LOW.


Limitation

You need to manage your money personally!


Parameters

0 means my default settings. “PO OSAA”.

  • History: 0 = all bars.
  • TimeFrame: modify the timeframe {try H1 on M15 chart}.
  • Fast_MA: the higher this number, the stronger the signal.
  • Slow_MA: slow Moving Average.
  • Signal_MA: averaging the price level.
  • Bar_Ma: minimum number of bars in consideration of support and resistance {Blue Red Buffer}.
  • AP_Price: any of the following {PRICE_OPEN, PRICE_WEIGHTED, PRICE_TYPICAL, PRICE_MEDIAN, PRICE_LOW,PRICE_HIGH, PRICE_CLOSE}.
  • MA_Mode: any of the following {MODE_SMA, MODE_SMMA, MODE_EMA, MODE_LWMA}.
  • PopAlert: true.
  • NoticeColour: change the Notice Board background color.


Notice Board

  1. Range: Use to set a stop loss and take profit.
  2. Price in red color above range is used to set a stop and limit orders.


Question and Answer

If I set stop order and the price hits it and reverses again, should I close it?
  • NO. That is why you need to set a stop loss.

Visit https://www.mql5.com/en/users/yesmrsamuel/seller

No reviews