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Re: Reversal Indicator
Posted: Thu Jan 31, 2019 10:48 pm
by johngerwin
You don't need an indicator, just use price action.
Re: Reversal Indicator
Posted: Tue Feb 12, 2019 5:46 am
by GoldenFibo
friend4you wrote: Thu Jan 31, 2019 10:02 pm
Hello from NRW (in dt. 2. Abschnitt)!
If oscillators turn at an extreme, many use this for a trend change, but as trends can stay long, a break of bands may be a better signal.. Feel free to test the attached ideas in zip-file. Copy Indis in zip to folder indicators ( in mt4 click Alt D D). tlp in templates. Load the tlp-file by right click. Chaos is a smoothed WPR (popular Williams percent range), that coder mladen made after my requests in July 2016. These are ideas, not a complete system.
similar answer now in German:
Als Reversal nutzen viele Oszilatoren. Wenn sie drehen und ein Extrem oben unterschreiten, shortet man. Aber, ob es besonders bei langen Trends wirklich dauerhaft dreht, sieht man am besten, wenn Bänder unterschritten werden (braun).
Indis im zip-Archiv gehören in indicators Ordner ( in mt4 Alt D D drücken). tlp in templates. Chaos ist ein weicher Williams Prozent Range. Dies sind Ideen, kein komplettes System.
overbought system f4y.png
overbought system f4y.zip
Hello from Bavaria,
first of all many thanks for the Indicator Package, i think you can start a lot with that and that was exactly my idea to work with different channels. An indicator makes error message, I would be very happy if someone could fix this.
Re: Reversal Indicator
Posted: Tue Feb 12, 2019 5:58 am
by mntiwana
GoldenFibo wrote: Tue Feb 12, 2019 5:46 am
Hello from Bavaria,
first of all many thanks for the Indicator Package, i think you can start a lot with that and that was exactly my idea to work with different channels. An indicator makes error message, I would be very happy if someone could fix this.
I downloaded the one you posted and it working fine with me as you can see
Re: Reversal Indicator
Posted: Tue Feb 12, 2019 7:14 am
by GoldenFibo
mntiwana wrote: Tue Feb 12, 2019 5:58 am
I downloaded the one you posted and it working fine with me as you can see
It does not work for me and there is also an error message see screen.
Re: Reversal Indicator
Posted: Tue Feb 12, 2019 7:18 am
by GoldenFibo
GoldenFibo wrote: Tue Feb 12, 2019 7:14 am
It does not work for me and there is also an error message see screen.
Sorry I found the mistake, it was because I changed the name.
Re: Reversal Indicator
Posted: Tue Feb 12, 2019 9:10 am
by wojtek
mntiwana wrote: Tue Feb 12, 2019 5:58 am
I downloaded the one you posted and it working fine with me as you can see
MNTiwana, what's this 'range action verification index' - first in the separate window?
Could you please share it? Though, it could repaint (it looks too good at first sight). :-)
Re: Reversal Indicator
Posted: Tue Feb 12, 2019 9:15 am
by mntiwana
wojtek wrote: Tue Feb 12, 2019 9:10 am
MNTiwana, what's this 'range action verification index' - first in the separate window?
Could you please share it? Though, it could repaint (it looks too good at first sight). :-)
It is ravi,i dont think it repaints
you can have/find in request and idea thread
here
viewtopic.php?p=1295385945#p1295385945
posted by Mrtools
Re: Reversal Indicator
Posted: Tue Feb 12, 2019 2:06 pm
by moey_dw
GoldenFibo wrote: Tue Feb 12, 2019 7:18 am
Sorry I found the mistake, it was because I changed the name.
why are u changing the indicator names for??? leave it as it is
Re: Reversal Indicator
Posted: Wed Feb 13, 2019 7:57 am
by wojtek
Thanks a lot! Could you please share your settings?
The first two are 2 and 5, and the rest?
Re: Reversal Indicator
Posted: Sat Feb 16, 2019 6:15 am
by J_C_Anderson
As for me, the best reversal indicator is RSI. Of course, you should not open position using only the idnicator, but it works great to confirm the resersal entry zones. For example, you can use it when the price crosses the trendline.
There is a great article about RSI here ..........................
Edited ..... link deleted
I`ve found that it works best on commodities-related instruments like XAUUSD.