This indicator uses the price slope between two bars to find trends and once it found a sharp and strong trend it waits for the formation of an explosive bar pattern, once an explosive bar formed it shows a dot either on top of the bar or bottom of it based on signal type.
Reversal trading is very tricky and needs lots of patients, the win rate is really low but once you found a good setup you will recover all of your losses from false signals.
This indicator is really good at spotting tops and bottoms.
Not a single technical indicator is used in this indicator.
- Popup, sound, email, and Telegram alert
- Fully encapsulation of technical detail on the backend
- Simplifies reversal trading by just showing buy/sell dots
- Filters consolidation by trading only after a swing high or low (trending condition)
- Uses our powerful Explosive Bars indicator
- No repaint or lag