EXPLOSIVE REVERSAL – Non-redraw indicator combines Price strategy

EXPLOSIVE REVERSAL – Non-redraw indicator combines Price strategy

For successful trading in the Forex market, it is important to be able to correctly find the end and start points of a trend, as well as accurately determine the future direction of price movement. For these purposes, traders use various tools, ranging from classic support/resistance levels to more complex and paid indicators. One such algorithm is the Explosive Reversal Indicator. This tool was developed specifically for identifying trend reversal points.

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Developer price Not exactly known USD FREE for you
Terminal MT4
Currency pair Any
Timeframe H1, H4 and D1

DESCRIPTION OF THE ALGORITHM:

According to the developers, the indicator has a smart algorithm that combines Price Action and market timing strategies. The indicator does not redraw and does not lag. Explosive Reversal gives signals in the form of directional arrows “up” and “down”. In addition to pointers, the tool displays blue and red boxes on the chart, which show the range of price movement over a certain period of time. The borders of such boxes can be used as local support and resistance levels:

  • A blue box appears when a buy signal is received
  • A red box is formed when a sell signal appears.

The algorithm gives a signal at the moment of a trend change. If a downtrend changes to an uptrend, a blue arrow, and a blue box appear on the chart. When a bullish trend turns into a bearish one, a red box appears on the chart combined with a red arrow.

Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you cannot afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lot size. You can always increase risk later!

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