LVG Reversal Indicator by lvgtrader

trendanalysis lvgtrader lvgtrade lvgindicator reversal reversalpoint

LVG Reversal Indicator:
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Shows potential reversal spots.

How to use:
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Works best on low time frames and markets that are trading sideways.

If a potential reversal has been reached it plots a green or a red dot under or above the candlestick .

Green dot = potential buy opportunity
Red dot = potential sell opportunity

If the signals get ignored the market is trending and a big reversal can be expected at the end.

The scripts plots the signals at the opening of the candle.

Does not repaint.

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Please leave some feedback in the comments.
Use this indicator at your own risk.

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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