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Reversal Magic

FREE

Version: 2.3.5.0

Categories: ,

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.

Features

  • 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

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Version 2.3.5.0

Release Date: August 20, 2020

Changed: Alert library updated

Changed: Update check library updated

Version 2.3.4.1

Release Date: August 9, 2020

Added: Alert mode

Changed: Alert library updated

Version 2.3.4.0

Release Date: April 24, 2020

Added: Now you can enable/disable update message

Version 2.3.3.0

Release Date: March 23, 2020

Changed: Alert library updated

Changed: Updated to latest cTrader automate API

Version 2.3.2.0

Release Date: October 15, 2019

Changed: Alert library updated

Removed: Statistics

Version 2.3.1.0

Release Date: June 20, 2019

Changed: Stats code updated

Version 2.3.0.0

Release Date: June 3, 2019

Added: Signal statistics

Added: Update notification

Added: Exporting signals on the XML file

Changed: Alert library updated

Version 2.2.0.0

Release Date: December 13, 2018

Changed: Candlestick patterns replaced with explosive bars

Version 2.1.0.0

Release Date: October 22, 2018

Added: Trend slope

Changed: Alert library updated

Removed: Bollinger Bands

Version 2.0.0.0

Release Date: June 02, 2018

Added: Trending Periods as a replacement for Left space periods

Added: Enable/disable candlestick patterns

Added: Three bar reversal pattern

Changed: Alert library updated

Changed: Re-write the code from scratch

Removed: Left space periods

Removed: Time filter

Removed: Longer time frame filter

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