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What are your favorite indicators for reversal trading?
Posted: Fri Mar 24, 2017 5:02 am
by Jimmy
The best indicators for trend reversal trading: A definitive list of the strongest indicators for counter-trend trading.
The list below are of the most powerful reversal signal indicators on our site:
I've now edited this post for 2024 with a list and links above to the best reversal indicators for live trading.
Re: What are your favorite indicators for reversal trading?
Posted: Fri Mar 24, 2017 6:26 am
by FXSurf
My all time favorite for reversals?
The ultimate for me is a simple horizontal line.
Re: What are your favorite indicators for reversal trading?
Posted: Fri Mar 24, 2017 8:35 am
by Fresh_Prince
gelsas wrote:What are your favorite indicators for reversal trading ?I attached mine, Please share regards,gelsas
Is Cycleidentifier a repainting indicator?
Re: What are your favorite indicators for reversal trading?
Posted: Fri Mar 24, 2017 9:07 am
by gelsas
FXSurf wrote:My all time favorite for reversals?
The ultimate for me is a simple horizontal line.
Support & resistance ? Or what do you mean by that ?
This are my 3 indicators for reversal
Re: What are your favorite indicators for reversal trading?
Posted: Fri Mar 24, 2017 10:14 am
by RplusT
FXSurf wrote:My all time favorite for reversals?
The ultimate for me is a simple horizontal line.
For me too! By far the best "indicator".
Re: What are your favorite indicators for reversal trading?
Posted: Fri Mar 24, 2017 2:25 pm
by Jimmy
For intraday (lower time frame) counter-trend/reversal trading I will trade 15 minute charts during the London and New York sessions using top down analysis, starting from the monthly chart
drawing major support and resistance lines on the Monthly, Weekly and Daily charts.
Then I'll enter a counter-trend position once price is a few pips away from either the:
- Daily, Weekly or Monthly horizontal support and resistance lines.
- Daily, Weekly or Monthly Trend lines.
I also like to take counter-trend signals from two technical indicators:
- Chaos Visual Averages on the "extreme" signals and close to major support/resistance/trend lines.
- Bollinger Bands when price pierces or touches the outer bands on standard deviation 3.
This method has been working for me for 2 years with significant increase in portfolio size as seen in my live myfxbook link in signature.
Re: What are your favorite indicators for reversal trading?
Posted: Fri Mar 24, 2017 3:11 pm
by mntiwana
Jimmy wrote:Good thread. For counter-trend/reversal trading I trade 15 minute charts using top down analysis (starting from the monthly chart drawing major support and resistance lines and working down to the 15M chart). I'll enter a counter-trend position once price is a few pips away from the:4H, Daily, Weekly and Monthly support and resistance lines.4H, Daily, Weekly and Monthly trend lines.I also like to take counter-trend signals from two technical indicators:
Chaos Visual Averages on extreme signals and close to major support/resistance/trend lines.Bollinger Bands when price pierces or touches the outer bands on standard deviation 3.
This method has been working for me for 2 years with significant increase in portfolio size
Hi Jimmy
Interesting,and thanks for sharing your pretty logic, can you explain more with illustration pictures
Re: What are your favorite indicators for reversal trading?
Posted: Fri Mar 24, 2017 9:29 pm
by pacois
Hi, I added with permission from Mladen RSI (does not work in mtf) and a display, you see if it is useful, thank you good day.
Re: What are your favorite indicators for reversal trading?
Posted: Fri Mar 24, 2017 10:55 pm
by FrancoisT
Greetings,
One more vote for the support/resistance or so called "horizontal lines"
Re: What are your favorite indicators for reversal trading?
Posted: Sat Mar 25, 2017 1:14 am
by alif
agree, two thumbs up for "horizontal line"
