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Cosmic Diviner Reversal Zone Lite

This multicurrency indicator is the Lite version of the Cosmic Diviner Reversal Zone Pro indicator. The indicator is based on original formulas for analyzing the volatility and price movement strength. This allows determining the overbought and oversold states of instruments with great flexibility, as well as setting custom levels for opening buy or sell orders when the overbought or oversold values of the instruments reach a user-defined percentage.

A huge advantage of Reversal Zone Lite is the REVERSAL ZONE SIDE PANEL, where the user can see the actual information on the overbought and oversold values of the trading instruments, manually set their levels as a percentage to determine the potential market entry points. Users can also specify an additional timeframe. In this case, the information diagram will show the data from two trading periods t the same time. The indicator is equipped with pop-up alerts. If this function is activated, the indicator generates a dialog box with information and overbought/oversold values of the trading instruments. The color scheme of the indicator can be customized using the convenient color palette settings in the "Visualization" tab of the indicator properties window.


Features of strategy

A trade signal is generated when REVERSAL ZONE SIDE PANEL crosses the overbought/oversold levels (marked with yellow lines). When the indicator bands move upwards and cross the marked zone, it means that the market is in the overbought zone. When the indicator bands move downwards and cross the marked zone, it means that the market is in the oversold zone.

  • Recommendation to sell - the REVERSAL ZONE SIDE PANEL diagram is colored red, overbought signal.
  • Recommendation to buy - the REVERSAL ZONE SIDE PANEL diagram is colored green, oversold signal.


Indicator Parameters

  • Entry Level - entry level.
  • Alert - alerts.
  • Enable additional time frame - enable the additional timeframe.
  • Additional time frame - additional timeframe.
  • Color additional time frame - color of the additional timeframe.
  • Width of indicator, Pixel - indicator size in pixels.
Comentarios 4
Fallet Willy
2599
Fallet Willy 2019.04.21 08:35 
 

nice

-dimitror-
955
-dimitror- 2018.08.20 22:50 
 

Very good and useful indicator. Thank you.

Bvankrie
34
Bvankrie 2018.08.06 20:02 
 

I bought the reversal zone lite, works as expected and described with good ratio winning signals.

Satisfied with the support..

Keep up the good work and keep those indicators coming.

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Tumelo Rakotsoane
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TPA True Price Action MT4 Indicator
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Filtro:
8601567
715
8601567 2019.06.17 20:00 
 

In theory, the indicator has potential and I like how it displays two timeframes. But like most indicators, its best information is put out "after" the fact. And I don't see how it helps with a reversal. Also, it has a problem sitting still. It jumps from the right side of the screen to the right center, causing it to cover up the candles. Probably a 2 and a 1/2 star for me, but since that is not offered, I gave a 2

Fallet Willy
2599
Fallet Willy 2019.04.21 08:35 
 

nice

-dimitror-
955
-dimitror- 2018.08.20 22:50 
 

Very good and useful indicator. Thank you.

Bvankrie
34
Bvankrie 2018.08.06 20:02 
 

I bought the reversal zone lite, works as expected and described with good ratio winning signals.

Satisfied with the support..

Keep up the good work and keep those indicators coming.

Respuesta al comentario
Versión 1.10 2018.08.16
Optimized settings.