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Advanced reversal system RRR 1 to 5

The indicator shows entry points with Risk-Reward-Ratio 1 to 5. Main timeframe H1. Works on every pair. The main logic - is to find a reversal level, and then track the price reaction to this level. Doesn't need any settings. As a standard, it paint 5 levels of the same take-profit (red / blue for sellers and buys) and 1 stop-loss level - orange.

ATTENTION! The full version of indicator. You can test full work of indicator free only on the USDCAD pair here https://www.mql5.com/en/market/product/42903


Indicators algorithm:

1) first looks for oblique mirrors (oblique mirror levels).

2) from the mirror level draw the entry level at a certain distance from the price.

3) waits for the moment until the price touch to this level.

4) depending on how the price approached the level - touched it or break it, the indicator makes recommendations to buy for a reversal or sell to continue the movement after a retest.


Indicator settings for H1:

  • sell_color- color of sell levels and arrows
  • buy_color - color of buy levels and arrows
  • Max history - how deep to go through history (300 bars by default)
  • TP count - how many to draw the same take-profit (5 by default)
  • Entry point wait bars - how many bars to draw the reversal level (300 bars by default)
  • Show angle mirrors - show oblique mirrors (oblique mirror levels)
  • Show arrows - show entry arrows
  • Show alerts - show alerts
  • Send alerts and push messages - send alerts and push messages



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Indicadores
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