PROTECTED SOURCE SCRIPT
LVG Reversal Indicator
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.
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Shows potential reversal spots.
How to use:
-----------------------------------------
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.
------------------------------------------
Please leave some feedback in the comments.
Use this indicator at your own risk.
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