The Super Reversal Signal Indicator is a technical analysis tool used in Forex trading to identify possible trend reversals.
It can help identify possible trend reversals and can be used as a confluence tool in conjunction with other technical indicators or price action analysis.
Super Reversal Signal Indicator Overview
The Super Reversal Signal Indicator is an automated indicator that analyzes the market’s changing price dynamics, compares the data to previous history, and generates trading signals in the form of blue and pink circles.
A blue arrow indicates a potential bullish move, while a red arrow indicates a potential bearish move.
The indicator is user-friendly and can be used by all types of traders, including scalpers, day/intraday traders, and swing traders.
The indicator is particularly useful for technical traders who want to eliminate the need for constant technical research and increase their confidence when entering a trade.
Super Reversal Signal Indicator Explanation
The indicator is completely automated, analyzing the market’s continually changing price dynamics and comparing the data to previous history to generate trading signals.
When a blue arrow appears, traders could wait for a bullish engulfing candlestick pattern to develop before entering a long position.
Similarly, when a red arrow appears, traders could wait for a bearish engulfing candlestick pattern before entering a short position.
Stop loss and take profit levels should be set based on the trader’s risk management strategy.
Super Reversal Signal Indicator: Buy Conditions
- A blue arrow appears under the candlesticks
- A bullish engulfing candlestick pattern forms
- Once these two events occur, the trader can open a buy position after the blue arrow pops up and they get their signal confirmation
Also Read: Silver Trend Signal Indicator
Super Reversal Signal Indicator: Sell Conditions
- Over the candlesticks, a red arrow may be seen.
- There develops a bearish engulfing candlestick pattern.
- After the red arrow appears and the trader receives their signal confirmation after these two occurrences, they can open a sell position.
