Brilliant Reversal Indicator
Brilliant reversal indicator for MT5 is a non-repaint trend reversal indicator. It highlights potential price trend reversal zones.
The Brilliant Reversal Indicator for MetaTrader is a technical Forex trading tool that analyzes historical price data to identify a potential reversal zone for an asset. The indicator’s algorithms constantly link current market conditions to past price data to determine the optimal pivot point.
How do you predict the market reversal?
Market reversals are often signaled by consecutive weak candles, price in support/resistance zones, and double top/bottom, just to name a few. Moreover, because the financial market is dynamic, there is no reliable way to accurately predict market reversals.
However, the Brilliant Reversal indicator is a great tool when it comes to predicting an asset’s possible trend reversal. It predicts trend reversals with some degree of accuracy. It has a green/red signal dot which indicates a potential bullish/bearish trend reversal respectively. In addition, the indicator signals are not redrawn.
It is an easy to use tool suitable for beginners and intermediate traders to easily identify potential trend reversal zones. Moreover, the indicator will also simplify technical analysis for experienced traders.
How to Trade With The Brilliant Reversal Indicator
The screenshot above shows how the indicator will look on your MT5 chart. It shows bullish and bearish reversal signals and buy/sell trades. Bullish/bearish engulfing patterns are confluences that trigger buy/sell entries.
For example, to open a buy trade, you need to wait for the indicator to draw a bullish (green dot) trend reversal signal that depicts a possible bullish trend reversal. You can then enter a buy/long position after the price action also prints a bullish engulfing candlestick pattern, pin bar, etc.
Conclusion
The Brilliant Reversal Indicator for MT5 is a no-redraw trend reversal indicator that highlights potential price reversal zones. In addition, it is also recommended for various trading styles such as scalping, day/intraday trading and swing trading. Finally, it’s free to download.
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