Reversal Zone from Price Scaling and MACD histogram

This indicator is intended for upward reversal techniques only.

The reversal zone is calculated by reverse-engineering price scaling and the MACD histogram. The maximum and minimum values of the upper and lower zones are then plotted as the bands.

The adjacent table displays five reverse-calculated values for each of the upper and lower bands, as well as two mode values for each.

The principle is similar to Bollinger Bands, but a signal is generated only when there is clear buying or selling pressure.

We would like you to try it and share your feedback.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Thanapongpun

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Thanapongpun