The Binary Reversal indicator looks for market reversals.
The indicator provides effective market inputs for both binary options and Forex.
The product displays arrows on the chart (see screenshots) that indicate a likely price reversal (usually blue arrows).
Binary Reverse is never redrawn. As soon as the candle closes, the signal is considered confirmed and the arrow does not disappear.
You can set alerts for the appearance of new arrows on the chart.
- MaxBars: the number of bars to draw on your chart (600 by default)
- DistancePixels: the distance between the indicator arrow and the chart bar
- SoundAlert (True/False): enable sound alert
- SoundFile: Sound alert file
- TestSound (True/False): test the sound alert when the indicator is initialized
The size and color of the arrows are adjusted on the Color tab of the indicator settings window.
The indicator can be used on any timeframe.
Works with binary options, currencies, commodities, equity, futures, etc.