Brilliant Reversal Indicator
Platform: MT5 Type: Reversal Last update: January 11, 2025The Brilliant Reversal Indicator for MT5 provides non-repainting signals that are placed on charts to highlight areas where the price is likely to reverse. Once activated, you will see a series of smaller and larger dots.
Behind the scenes, it operates based on the zigzag indicator, which is why its readings may resemble typical zigzag patterns. This formula allows for highlighting trend turnarounds really well. It gives an real edge.
Example chart:
How to spot market reversals?
The dots define market tops and bottoms, and small dots correspond to short period and big dots to longer period. An organge color tells traders the highest price was probably reached and there is shift to downtrend. Similarly, blue color indicates lowest price point and uptrend is expected to form.
You can see this in action more on the following charts.
This clearly demonstrates its potential for various applications and its suitability for many trading strategies and approaches. Knowing the exact momentem when the trend changes and new one starts gives huge profitability opportunities. And even with wrong signals on occasions, the loss is minimized as risk to reward is high.
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