Pro Algo Reversal 1 Signal No Repaint/No Lagging

1 dec. 2020
This is a Reversal trading signal system (part 1) for any range markets. It’s better used with timeframe from 15 min to 60 min for day trading or swing trading. It generates reversal signals for the important turning point bars and candles with no repaint and no lagging.


How does it work?

* Defines support/resistance(S/R) levels based on floor trader’s pivot points and my own S/R levels.
* Calculates the reversal signals, price reactions close to all above S/R levels.
* Generates reversal trading signal: buy/long or sell/short based on all combined factors.


What are the Reversal signals?

* Blue arrow means trend is reversed to bullish
* Pink arrow means trend is reversed to bearish


How to use?

* Blue up arrow : Buy(Long) or continuous Buy(Long)
* Pink down arrow : Sell(Short) or continuous Sell(Short)
* Have to increase time frame to reduce signal noises, prefer 15-60 min.
* There is no way to filter all noises even with higher time frame, all the trades must have a stop.


How to access?

* PM me to obtain access
* 10 day Free Trial is available

22 feb. 2021

Versionsinformation

Minor issues: fixed one time frame issue.

15 maj 2023

Versionsinformation

add alert() to "Pro Algo Reversal 1 Signal No Repaint/No Lagging", alert.freq_once_per_bar_close
The function call triggers the alert only when it occurs during the last script iteration of the real-time bar, when it closes.

You can configure Alert to:
1. Notify in app
2. Show pop-up
3. Send email
4. Play sound
5. Send email-to-SMS