This Indicator is a good solution to trade reversals, it filters overbought and oversold Market Conditions using a Stochastic Indicator.

The levels of the Stochastic are fully configurable and it works intrabar offering confirmed ( after bar close ) signals and unconfirmed ( intrabar ) signals.

It also includes RBO (Reversal Breakout Order ) logic for Entries and Displays Entry with a Horizontal Line

So we just need to place the Entry Order ( Buy Stop for a Long and Sell Stop for a Short ) over the dotted line

If the Entry Level is touched we can also enable to place an Entry Marker ( Up / Down Arrow ) to make it compatible with Markers System.

Read More about it on this Blog Post