Reverse Master-an indicator for determining the current direction of price movement and reversal points. The indicator will be useful for those who want to better see the current market situation. The indicator can be used as an add-on for ready-made trading systems, or as an independent tool, or to develop your own trading systems.

To determine the reversal points, the Reverse Master indicator analyzes a variety of conditions, as the aggregate analysis gives a more accurate picture of the market situation. The indicator analyzes the Price Action patterns, analyzes the volume and average range of movement of the trading instrument, as well as the overbought and oversold levels.

• The indicator automatically detects trend reversal points
• The indicator is universal-it is suitable for all instruments: currency pairs, indices, commodities and binary options
• The indicator automatically displays the potential profit for each position (Show Statistical mode)
• The indicator works on any timeframe
• The indicator signals can be used for scalping and intraday strategies, as well as for long-term trading
• The indicator is suitable for professionals and beginners
• The indicator has built-in filters to filter out market noise
• The indicator does not redraw its signals: the signal is given strictly at the close of the bar, does not disappear and is not recalculated
• The indicator can be used to develop Expert Advisors

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>>>>>>>  Basic settings  <<<<<<<

Select Indicator Mode-select the indicator operation mode:

• Work Mode-1-calculation mode from the previous version (v1. 5 and below) with a different algorithm for calculating pivot points
• Work Mode-2-new calculation mode (v2. 0 and higher)

Sensitivity (for Mode-1) – Sensitivity setting for Work Mode-1

Show Statistic (for Mode-2) – display the potential profit for each position for Work Mode-2

Bars for Count – the number of bars to calculate. At 0-calculation for the entire available history. For weak computers, I recommend limiting this parameter to 5000 bars or less

>>>>>>>>>>>>>>>>>>>>>>>>>>>> Notification Settings <<<<<<<

Sound Alert-activates the sound signal.

Sound File Name – sound in WAV format, with an audible signal. Must be located in the /Terminal/Sounds folder…

PopUp Alert-activation of the popup message

Push Notifications-activate Push notifications

Email Notification-Sending Email messages

>>>>>>>>>>>>>>>>>>>>>>>>>>>> Color Settings <<<<<<<

Select Color Theme – color scheme. Disabled ( Off) / Light (Light Theme) / Dark (Dark Theme)

Colors when Select Color Theme = Off-Profit/Loss Line Color ▪ Profit/Loss Line Background Color

>>>>>>>>>>>>>>>>>>>>>>>>>>>> Setting up signal arrows <<<<<<<

Draw Arrow – display of signal arrows on the chart (Off / Arrow Type = 1 / Arrow Type = 2 / Arrow Type = 3)

Arrow Size – Arrow Size (Arrow Size = 1 / Arrow Size = 2 / Arrow Size = 3 / Arrow Size = 4)

Buy Arrow Color – the color of the arrows for purchases

Sell Arrow Color – the color of the arrows for sales

Code to use in the Expert Advisor:

int Up = iCustom(Symbol(),Period(),”ReversalMaster”,0,1);

int Dn = iCustom(Symbol(),Period(),”ReversalMaster”,1,1);

The following values are read from the first (already closed) bar:

Buffer 0-for buy signals

(0) – no signal

(-1) – buy signal

Buffer 1-for sell signals

(0) – no signal

(1) – sell signal

The main task of the indicator is to display the already formed reversal points and not try to take the entire price movement from its very beginning. This algorithm was chosen to minimize the risk of false inputs. 

The built-in statistics allow you to see the potential profit for each position on the history, showing the difference between the entry point and the price extremum formed before the opposite signal appears.

Negative trades are considered simplistically, when the opposite signal appears. You can fix losses using your own strategy.

Don’t forget to download the historical data for the analyzed trading instrument!

Before buying, test the demo version of the indicator to determine whether it fits your trading style! I will be grateful for your feedback!

Recommended broker: Alpari

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