TradingWhale - Trend Reversal Oscillator (premium)
© TradingWhale trading indicators, individually and in combination, are designed to have the following features:
- Minimizing the ‘noise’ of normal price fluctuations of the underlying securities and exposing their natural oscillations and patterns while still providing quick response time at the edge of trend reversals.
-Providing accurate signals for trend-reversals before they happen so traders can maximize profit and reduce risk. To be fully transparent, this can’t always be achieved for every ticker and every time frame.
-Optimizing entry and exit for both long and short positions and thus improving the risk/reward ratio of the trade. We strongly believe in buying into weakness and selling into strength at the point of trend reversal, so we designed indicators with that goal in mind. We urge our users not to underestimate the impact this strategy can have on trading results. It is even more important when trading options and other highly leveraged instruments.
Btw, we would never ask our users to use our indicators with esoteric chart types such as Heikin Ashi, Renko, Kagi, Point & Figure, and Range, which produce unrealistic results. We prefer candles with no wick. Also see our disclaimer at the bottom.
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Trend Reversal Oscillator
This stochastic based algorithm is packed full with code and combines several indicators in one. It reacts quickly to trend changes but also helps minimize the noise and market whipsaw. It includes our proprietary dynamic signal line algorithm (not a moving average) and automatically analyzes multiple timeframes at the same time, which produces highly accurate signals.
Included
- Primary trend reversal indicator
- Trend exhaustion indicator (green = overbought / red = oversold)
- ‘Summary Signal’: Multi-timeframe combination trend with our proprietary signal line
- See all time frame lines on screen.
Benefits
- Excellent performance in identifying peaks, bottoms and high-probability reversals
- Exposes broader patterns and reacts quickly to trend reversals
- Helps letting profits run as long as the trend remains intact
- See overbought/oversold condition
- Multi-timeframe analysis resulting in high probability trades
- Use for all timeframes
- Works best in conjunction with our other indicators
Signals
- Base setting: Trend line reversing and color changes, in particular for double top /bottom situations and in the top and bottom section of the indicator pane.
- Trend Exhaustion: Bull or bear trend intact when trendline is green (bull) and red (bear). Chance of a trend interruption/reversal when color changes to gray.
- Summary Signal: Combined multi-timeframe signal when the proprietary blue signal line moves up from the bottom section (buy) or moves down from the top section (sell).
- See all time frames: Selecting ‘Plot all timeframes’ in the settings will expose lines for all timeframes. All lines being concentrated at one point at the top or bottom is an excellent indicator that the trend will reverse strongly in the opposite direction very soon. This works especially well in medium/high-volatility environments (based on the chart time frame). For best results we recommend waiting one or two more candles after the lines have concentrated for a double-bottom or double-top.
- Works best in combination with our other indicators.
Considerations
In low volatility environments and prolonged uptrends or downtrends you can expect this indicator to remain in the extreme top or bottom area. If that is the case we would caution to make trades based on this indicator alone, and advise to switch to a lower or higher time frame to get better signals.
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A friendly word of advice / Disclaimer
Successful trading requires more than professional indicators. It requires things like knowledge, discipline and constant learning, having a plan and executing accordingly. It requires risk management (ie. setting stop losses), position-sizing and many other things being properly managed. That is to say, no indicator in the world can by itself make you a successful trader or investor, just like an great kitchen knife doesn’t make you a chef and a Formula 1 car doesn’t make you a professional race driver. What our indicators can do is provide you with the context to better understand market patterns and use them to make high-probability trades confidently.
For those new to trading or technical analysis, we always recommend a demo account until you feel confident in using our indicators.
- Minimizing the ‘noise’ of normal price fluctuations of the underlying securities and exposing their natural oscillations and patterns while still providing quick response time at the edge of trend reversals.
-Providing accurate signals for trend-reversals before they happen so traders can maximize profit and reduce risk. To be fully transparent, this can’t always be achieved for every ticker and every time frame.
-Optimizing entry and exit for both long and short positions and thus improving the risk/reward ratio of the trade. We strongly believe in buying into weakness and selling into strength at the point of trend reversal, so we designed indicators with that goal in mind. We urge our users not to underestimate the impact this strategy can have on trading results. It is even more important when trading options and other highly leveraged instruments.
Btw, we would never ask our users to use our indicators with esoteric chart types such as Heikin Ashi, Renko, Kagi, Point & Figure, and Range, which produce unrealistic results. We prefer candles with no wick. Also see our disclaimer at the bottom.
-----
Trend Reversal Oscillator
This stochastic based algorithm is packed full with code and combines several indicators in one. It reacts quickly to trend changes but also helps minimize the noise and market whipsaw. It includes our proprietary dynamic signal line algorithm (not a moving average) and automatically analyzes multiple timeframes at the same time, which produces highly accurate signals.
Included
- Primary trend reversal indicator
- Trend exhaustion indicator (green = overbought / red = oversold)
- ‘Summary Signal’: Multi-timeframe combination trend with our proprietary signal line
- See all time frame lines on screen.
Benefits
- Excellent performance in identifying peaks, bottoms and high-probability reversals
- Exposes broader patterns and reacts quickly to trend reversals
- Helps letting profits run as long as the trend remains intact
- See overbought/oversold condition
- Multi-timeframe analysis resulting in high probability trades
- Use for all timeframes
- Works best in conjunction with our other indicators
Signals
- Base setting: Trend line reversing and color changes, in particular for double top /bottom situations and in the top and bottom section of the indicator pane.
- Trend Exhaustion: Bull or bear trend intact when trendline is green (bull) and red (bear). Chance of a trend interruption/reversal when color changes to gray.
- Summary Signal: Combined multi-timeframe signal when the proprietary blue signal line moves up from the bottom section (buy) or moves down from the top section (sell).
- See all time frames: Selecting ‘Plot all timeframes’ in the settings will expose lines for all timeframes. All lines being concentrated at one point at the top or bottom is an excellent indicator that the trend will reverse strongly in the opposite direction very soon. This works especially well in medium/high-volatility environments (based on the chart time frame). For best results we recommend waiting one or two more candles after the lines have concentrated for a double-bottom or double-top.
- Works best in combination with our other indicators.
Considerations
In low volatility environments and prolonged uptrends or downtrends you can expect this indicator to remain in the extreme top or bottom area. If that is the case we would caution to make trades based on this indicator alone, and advise to switch to a lower or higher time frame to get better signals.
-----
A friendly word of advice / Disclaimer
Successful trading requires more than professional indicators. It requires things like knowledge, discipline and constant learning, having a plan and executing accordingly. It requires risk management (ie. setting stop losses), position-sizing and many other things being properly managed. That is to say, no indicator in the world can by itself make you a successful trader or investor, just like an great kitchen knife doesn’t make you a chef and a Formula 1 car doesn’t make you a professional race driver. What our indicators can do is provide you with the context to better understand market patterns and use them to make high-probability trades confidently.
For those new to trading or technical analysis, we always recommend a demo account until you feel confident in using our indicators.
Release Notes:
additional color changes
Release Notes:
- added signal indicator
Release Notes:
- turn on/off connector
TradingWhale 'invite-only' indicator, signal and strategy scripts are available on www.tradingwhale.io. We offer a 7-day free trial on all subscriptions.