Whats everyone's favorite reversal indicator?

That cries for a poll. Can you or Jimmy still do it.

- MA cross
- Indicator XY changes direction
- Divergences
- Volume
- PA patterns
- Candlestick Patterns
- Harmonic Patterns
- Sup/Res

Good thread! Added the poll and enabled poll creation option for members. Thanks for reminding me!

Here is the weekly chaos on a daily, standard settings looks pretty good

but there is alot of space between the mtf turning over and another problem is in a trend

Trendline break

For conservative counter-trend trading with actual reversal confirmation I will simply use either a:

• Trendline break in opposite direction of trend after an "extreme" signal from Chaos Visual Averages
• Or trendline break in opposite direction of trend after TDI signal cross
• Or 9 period RSI trendline break (trendline drawn on RSI) on 4 hour chart

For aggressive and quick retracement (mean reversion) scalping I will take counter trend trades whenever price "bursts" and touches:

• The Monthly, Weekly, Daily and 4H 200 Moving Average
• The Monthly, Weekly, Daily and 4H major horizontal support and resistance lines
• Whenever price on the 1 hour chart touches or breaks through the outer Bollinger Bands on settings 20, 3

The above techniques are quite risky in strong trends not to mention psychologically draining, but the trade off is you can easily make a fortune trading these techniques.

Example of an aggressive scalping chart I use on the 1H timeframe for mean reversion trading.

Once the outer Bollinger Bands 20, 3 have been touched during volatile movements a gray dot will display on that candle I'll go short.

Whats everyone's favorite reversal indicator?
Nobody, who brings me profits.

All are good when the market is good ..
At market we will all be good ..