Pivot Point Reversal x2

Pivot Point Reversal x2 indicator shows entry and exit points based on candle patterns. The indicator consists of: the signal pattern, confirming pattern (fractal channel breakout), exit signal (based on extremely long candles), signals filtration (by signal occurrence time, Moving Average, predominance, daily interval and reversal zones). There are data buffers making it possible to use the indicator within EAs.

First, the indicator looks for reversal patterns consisting of 3-7 candles. After that, the signals are sorted out. The best filters are MA (if the signal is above МА - only buys, if below - only sells) and a daily interval (a bullish reversal signal occurs in the lower 35%, while a bearish one appears in the upper 35% of a daily interval).

This free version works on USDCAD only. The full version can be found here - https://www.mql5.com/en/market/product/14995

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