NEW RELEASE 2020 !
Includes NEW Filters And Options !
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Linear Regression Slope Filter
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PinBar Filter ( Reversal Bar must have a user defined wick size )
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Include Stochastic Peaks Signals ( Allows REversal Bars where only one Bar is on the Over Bought/Sold Area )
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.
New version v2 now includes RBO (Reversal Breakout Order ) logic for Entries and Displays Entry with an 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 PMS_Markers compatible
Read More about it on this Blog Post
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Risk Disclosure
RISK DISCLOSURE :
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLOSURE :
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.