Reversal Zone Signals

This Indicator will generate signals on top and bottom of the swings .

It will check for some support and resistance found and generate the signals at such areas.

There is high probability of the price moving in favorable directions as they are signals when there is support and resistance .

The advantage is that the entries will have small stop loss and high risk to reward ratios as they are near tops and bottoms.

1.       This is an indicator that will provide logical entries,

2.       Its all parameters for signals can be set as per required style of trading

3.       The System Is well Optimized for 1 Minute charts and 5 Minute charts , where very few signals come , but can be used on any time frames 

4.       It is based on Levels as filter so The ENTRIES ARE BACKED BY ROBUST LEVELS.

5.      Can provide very less signals even on highly volatile days 

6.       Very Good REENTRY MECHANISM - for REENTRY SIGNALS AT TREND DIRECTION

INPUTS 

ENTRY SETTING PARAMETERS

• Entryalerts = true
•  KPeriod = 21; 
•  DPeriod = 12;
•  Slowing = 3;
•  method = 0;
•  price = 0;
•  äëÿ_WPR = "";
•  ExtWPRPeriod = 14;
•  ZoneHighPer = 70.0;
•  ZoneLowPer = 30.0;
•  modeone = false;( BAR CLOSE  )

• PlaySoundBuy = true;
• PlaySoundSell = true;
• FileSoundBuy = "analyze buy";
• FileSoundSell = "analyze sell";   

ZONE SETTINGS;

• BackLimit - default is 10 000. Check the past bars for formations.
• Time frame - M15 (default is 15 min).timeframe for the zone. 
• M1 to Month

ZONES_COLOR;

• color_support_possible - DarkSlateGray.
• color_support_untested -  SeaGreen.
• color_support_verified -  Green.
• color_support_weak -  LimeGreen.
• color_support_turncoat -  OliveDrab.
• color_resist_possible -  Indigo.
• color_resist_untested -  Orchid.
• color_resist_verified -  Crimson.
• color_resist_weak -  is Red.
• color_resist_turncoat -  DarkOrange.
• color_broken_weak -  DarkGray.
• color_broken_verified -  Gray.
• color_broken_other - DimGray.
• ShowRectangle=true ( the zone boxes of support and resistances )

nclick="viewGallery_GalleryManager.GoToPrev();"> nclick="viewGallery_GalleryManager.GoToPrev();">

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,7);" />

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,8);" />

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,9);" />

ta itemprop="image" content="https://c.mql5.com/31/288/reversal-zone-signals-screen-4825.png" />

nclick="viewGallery_GalleryManager.GoTonext();"> nclick="viewGallery_GalleryManager.GoTonext();">