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Reversal Signal Scalper


Indicator gives signals , when price retraces and reverses from supports , in an uptrend or vise-versa.

Since the trades are at lower bottoming levels , and higher topping levels - they have good probability of targets .

The entries are provided with targets and stop loss , which are adjustable .

The dashboard displays the entry / targets and stops , along with the strike rate of the accuracy of the signals meeting the targets .







SixtySecondTrades Setting
  • ADXbars = 14;- lower will give more trades 
  • CountBars = 5000;- look back bars
"BB_AlertArrows Setting";
  • SignalGap = 3;- higher for lesser signals
  • EnableSoundAlert = TRUE;
  •   EnableMailAlert = FALSE;


>>====Target/stop based Setting====<<";
  • ShowExit1 =  true;- display target levels 
  •   ShowExit2 = true;- display target levels 
  • ShowExit3 = true;- display target levels 
  •   ADR_SL=3;- make lower for smaller stop loss gaps
  •   ADR_TP1=1.5;- make higher for larger target distance 
  •   ADR_TP2=3;-  make higher for larger target distance 
  •   ADR_TP3=5;-  make higher for larger target distance  
  •   RightAlign = true;- stop and target lines alignment 
  •     LinesShiftRight       =  10;
  •   LabelsColor           = DimGray;
  •     LabelsFontSize        =  10;
  •     LabelsShiftHorizontal =  10;
  •     LabelsShiftVertical   =   1;

ADR for SL/TP ***";
//ADR for calculation SL/TP
  • ADRTimeFrame=0;- Can select Higher time frame ( current to 1 mth for the stop loss and target levels ) 
  • ADRPeriod=50;- reduce for smaller stops and targets 
  •   ArrowEntryBuyStyle = 233;
  •   ArrowEntrySellStyle = 234;
  •   ArrowExitStyle = 256;/
  •   DistanceEntryLabel = 10;
  •   DistanceExitLabel = 0;
  •   WidthArrowEntry = 5;
  •   WidthArrowExit = 5;















































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