Reversal Diamond – not repaint forex indicator
Reversal Diamond is an easy to use signal indicator that is based on oscillators and momentum. The indicator is not repainted and generates a signal immediately after closing the candle, which is very convenient. Reversal Diamond Indicator can be used on any trading assets and on any timeframes, but the author still recommends using on M15 / H1 / H4.
Characteristics of Reversal Diamond Indicator
Platform: Metatrader4
Currency pairs: Any
Trading Time: Around the clock
Timeframe: Any, recommended using on M15 / H1 / H4
Rules of trade
Signals are simple and intuitive:
BUY – when a blue dot appears
SELL – when a red dot appears
reversal-diamond-signalsreversal-diamond-examples-trade
The signals of the indicator do not always change to the opposite. This somewhat complicates the trade and exit from the deal. Therefore, it is necessary to accurately select Take Profit for each pair and timeframe. It can be done by experience or by analyzing signals on history.
Stop Loss is set by the standard rules – at the nearest support / resistance level.
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