-

Home Trading Systems Closing Price Reversal Indicator

Closing Price Reversal Indicator

We would like to show you Closing Price Reversal Indicator. The indicator is based on very simple concept as it seeks for Price Action Closing Price Reversal pattern. To use this tool  you don’t need any special knowledge about forex trading. Even though you don’t need basic knowledge, it is recommended to combinethis indicator with other indicators for better results and / or confirmation. The closing price reversal indicator gives signals in the form of dots. They are clear enough to make trading decisions on its suggestions. To use it optimally, you should be familiar with the concept of the trend trading – in most cases with combination of support and resistance levels, signals of other indicators.

The closing price reversal indicator is nothing else than just dots.  They show up in two main colors: green and red. The green dots indicate buy signals and the red dots indicate selling signals. Your success rate will increase dramatically if you only buy in an uptrending market and only sell in a downtrending market.

Rules for Long Entries:

  • The market should be in uptrend.
  • The price should be bouncing from recent swing low.
  • A green dot should appear below the market.
  • Place your buy position just after above conditions are met.
  • Place your stop loss just below the recent swing low.
  • Take your profit when the red dot appears above the candles.

Rules for Short Entries:

  • The market should be down trending.
  • The price should be falling from recent swing high.
  • A red dot should appear above the market.
  • Place your short position as soon as above conditions are met.
  • Place your stop loss just above the recent swing high.
  • Take your profit when the green dot appears below the candles.

Closing Price Reversal free download:

LINK

New posts

Currency Strength Meter MT4 Forex Indicator

The Currency Strength Meter is a great tool for traders who wants to qucikly check the strength of various...

Automatic Trendline MT4 Forex Indicator

The Automatic Trendline Indicator puts the trendlines on the trading chart in an automatic way. With the help of...

BBhisto MT4 Forex Indicator

The BBhisto is a modified version of Bollinger Bands indicator presented in the form of a histogram. It displays...

BBsqueeze MT4 Forex Indicator

The BBsqueeze is a forex trading indicator. It is displayed at the bottom of the main trading chart, in...

Looking for something?

Popular posts

Xmaster Formula MT4 Forex Indicator

The Xmaster Formula Indicator was made for traders like you can become real master of forex. This wonderful tool is suitable to use for...

Instant Buy Sell Signal

Instant Buy Sell Signal is profitable forex trading strategy that is really easy to use. It generate clear signals with arrows on charts. Below...

Trend Imperator V2 Trading System

Trend Imperator V2 is advanced forex trading system with clear arrows buy and sell signals. In the package you will receive following files: Trend_Imperator_V2e.ex4 Trend_Imperator_V2.ex4...

Binary Reaper – Non Repaint Binary Options Indicator

Below you can read a description from Binary Reaper indicator author: Are you Searching for a Custom Metatrader 4 (MT4) Arrow Indicator with at least...

Buy Sell Arrow Indicator

Today I stumbled upon this Buy Sell Arrow Indicator for MT4 that I’m sure many of you would want to know about. I’ve yet...
InstaForex

You might also likeRELATED
Recommended for you