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There is a demo version of the indicator that does not display its data on the last 25 bars, but it is ideal for testing.

There is a demo version of the indicator that does not display its data on the last 25 bars, but it is ideal for testing.

The Price Reversal oscillator determines the potential price reversal points, being in the overbought/oversold zones. It also displays signals for trades against the trend (sometimes these points coincide with the beginning of a new trend) (blue and red zones) and trend entry points (gray zones). It consists of two lines. Blue – fast, red-slow. A trade is recommended if the fast line is more than 60 or less than -60, and the slow line is more than 40 or less than -40.

  • Fast Period – the period of the fast line of the indicator (by default 15).
  • Slow Period – the period of the slow line of the indicator (40 by default).
  • Correctness (0-105) – the parameter of the accuracy of the entry against the trend (by default, 100).

To get the correct entry points, we recommend:

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