Easy to use TradeStation Indicator Shows you Reversals and Trend End
It’s always good to be warned! When the instrument you are trading is about to turn around or end the trend, you want to know. Watch this video to learn about the Bigger Bar Reverse ShowMe indicator.
Suppose you are trading a 5 minute chart, but you have a 4500 tick chart as well, both with the Bigger Bar Reverse indicator on them. If you see/hear the plus on the 4500 tick chart, you are aware there may be a trend end or reversal. Knowing this, you can react accordingly on your 5 minute chart trades. This is how to find reversals and trend end!
Actual quote from actual user (I am not making this up!):
And I can incorporate these signals into your other indicators/strategies if you like. Click here to read about my EasyLanguage consulting services.
How it works to Find Reversals and Trend End:
Here is an ES emini 1 minute chart with Bollinger Band and Big Bar Reversal indicators on it.
First, the price must move to the lower portion of the Bollinger Band, or the upper portion.
If the price is at the bottom of the Bollinger Band: When a small down bar (yellow arrow) followed by a bigger up bar (white arrow) occurs, the plus is placed on the big up bar.
If the price is at the top of the Bollinger Band: When a small up bar (gray arrow) followed by a big down bar (pink arrow) occurs, the plus is placed on the big down bar.
This pattern often indicates a change in direction, or just the end of the trend. This is because the small bar indicates the momentum in that direction is slowing. The bigger bar in the other direction indicates that buyers (for a big green bar) or sellers (for a big red bar) are stepping in to either take profit or in the belief the direction is changing.
Of course, not every “plus” marks a reversal or trend end, but the large majority of them do.
- Place on any time-frame chart, on any market – trade the markets you like.
- Set up Alerts – see and hear when a big bar reversal occurs, no matter what chart you are currently looking at.
- You control the vertical placement of the plus – make the price action obvious to your eye.
- You control how close to the Bollinger Band the bars must be, and how much bigger the big bar must be than the previous bar – customize the indicator to fit your market.
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