Tendency Reversal Bars

Description

The indicator determines the appearance of bars that notify of the reversal of the current trend, and paints them in accordance with the bullish and/or bearish mood.

The indicator can notify of the appearance of a formed reversal bar by playing a beep, as well as display the time remaining until the end of the formation of the current bar in the format of <d:h:m:s, where:

• < means the current bar.
• d - days.
• h - hours.
• m - minutes.
• s - seconds.

You can select the color for bullish and bearish moods.

Inputs

• Sound_Play - a flag that allows the sound notification.
• Show_Time - a flag that allows the display of time remaining until the formation of the current bar.

Use

Detection of the reversal bar can be a signal to perform appropriate trading activities. 

The indicator can be used for manual or automated trading in an Expert Advisor. For automated trading it can use values of any indicator buffer of type double: 0, 1, 2 or 3. The value must not be zero!