If you are looking for an indicator for trading trend reversal, you are at the right place. It is designed with the use of advance trend indicator combined with inbuilt adaptive trend trading algorithm. With this tool, trend trading for trend traders is simplified. Trend trader can search and spot the start of trend or end of trend. Changing of colour of signal line indicates start of trend and end of trend. Trend Reversal Searcher (TRS) can be used on any instrument or pair and on any timeframe.
Timeframe Recommendation
- Intra -day traders = 1min, 5min, 15minute timeframe;
- Long-term traders = 30min, 1hour, daily timeframe
How to use it for tradingOpening of trades
- Buy signal
Buy signal is generated when the signal line of the indicator changes from RED to GREEN.
- Sell signal
Sell signal is produced when the signal line of the indicator changes from GREEN to RED.
Closing of open positions
- Buy positions are to be closed when sell signal is produced
- Sell positions are to be closed when buy signal is produced
Profit target and stop loss can also be used for the exit of open positions.
