Dynamic Reversal Indicator for TradeStation

The Dynamic Reversal Indicator for TradeStation

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Available for TradeStation 8.x Only

The dynamic reversal indicator is exclusive to TradeStation 8.x only. This indicator is used to measure price swings and to alert the user when prices become oversold or overbought compared to recent market action. It monitors oversold/overbought conditions in a dynamic fashion by comparing current price movement with recent swings in price, rather than measuring price swings based upon a static scale like a specific change in price between two points or on a range bound scale like RSI.

Bullish and bearish price behavior tends to change as markets move between different trending phases. For example in a bullish uptrend bearish price swings (pullbacks) tend to be smaller than those of bullish price swings (continuations) in the same uptrend. To account for this behavior the dynamic reversal indicator measures and analyses bullish and bearish price swings independently from each other in an effort to provide more accurate alerts.

The dynamic reversal indicator can be applied in the same way as a regular reversal indicator looking for overbought/oversold conditions in the market. The dynamic reversal indicator can also be used to find high probability trading opportunities in short term market reversals, extremely useful for swing traders, by applying the indicator to find markets exhibiting new and extreme levels of price action and volatility.

This method of measuring price action means the dynamic reversal indicator can be applied to any market and will continually adapt to that market as it changes over time. Reversal and swing trading is applicable to all markets from equities and options to forex and futures and e-mini and in any timeframe.

We are confident our indicators will benefit your trading which is why we offer a 100% money back guarantee so you can try out our indicators for yourself and if they are not right for you just let us know within 30 days for a full refund.

Below are a couple of examples of the dynamic reversal indicator being applied in TradeStation. The first chart is a daily chart of QCOM. The high reversals are displayed in red and the low reversals are in yellow. It is important to point out that this indicator displays an alert in real-time for each bar that the dynamic reversal criteria is met. It does not move the alert from bar to bar (removing the alert from the previous bar) giving the impression that the indicator is more accurate than it is. The second chart is a 100 tick intraday chart taken from the GBPUSD forex market.

QCOM daily chart with the dynamic reversal TradeStation indicator.

GBPUSD forex 100 tick chart with the dynamic reversal TradeStation indicator.

You can find more chart examples further down this page.

Key Features

The dynamic reversal indicator has various inputs allowing you to easily adjust the indicator to find the style of reversal that best suits your trading. Here are some of the advantages offered by this indicator:

• User defined price input for monitoring market swings.
• Multiple user inputs to set the style and strength of reversals you wish to analyze and trade.
• Additional radarscreen indicators.
• Indicators also provided as functions.

In addition to the standard dynamic reversal indicator which displays showme alerts for each reversal bar the indicator can also be applied to the new TradeStation scanner so you can scan all markets simultaneously to find dynamic reversal opportunities.

User defined price inputs for monitoring market swings.

The dynamic reversal indicator is not limited to one price, like the close. The indicator can be applied to any price like the close, open, high or low of the bar, or to other prices like avgprice or a moving average.

Multiple user inputs to set the style and strength of reversals you wish to analyze and trade.

The dynamic reversal indicator includes a number of inputs to help customize the way the indicator monitors market swings and the degree to which the current price swing must move before an alert is trigger. For example the user can set a minimum requirement that each price reversal must achieve, either in the number of bars or the actual price swing. The user can also choose how current prices are compared with recent swings in price - comparison can be made against average market swing values or users can compare the current market conditions against the maximum swing values.

Additional radarscreen information.

In addition to the TradeStation showme indicator, the dynamic reversal indicator is also provided in the form of two radarscreen indicators allowing the indicator to be used to scan and sort multiple markets in real-time. In addition to monitoring large markets the dynamic reversal indicator provides extra information about each market within a radarscreen. The components of the S&P 500 have been inserted into a radarscreen below with each of the dynamic reversal indicators applied.

TradeStation radarscreen with 'quick' dynamic reversal indicator applied.

TradeStation radarscreen with 'full' dynamic reversal indicator applied.

The first radarscreen above displays the 'quick' dynamic reversal indicator which has a single column alerting users to markets displaying dynamic reversals. The second radarscreen has the 'full' dynamic reversal indicator applied. As well as alerting users to markets displaying dynamic reversals the full indicator also provides additional information on the current price swing like the current number of bars contained in the current price swing, useful for traders who like to monitor the close count of price swings, and the current change in price during from the start of the current price swing. The 'full' indicator can also display the dynamic information about previous price swings contained within the indicator.

Reversal - displays a text message when a reversal alert condition is true.

Up Bars – the number of bars in the current price swing if price is rising.

Dyn Up Bars – the dynamic value of the number of bars during bullish price swings.

Dn Bars – the number of bars in the current price swing if price is falling.

Dyn Dn Bars – the dynamic value of the number of bars during bearish price swings.

Up Swing – the value of current bullish price swing if price is rising.

Dyn Up Swing – the dynamic price value of bullish price swings.

Dn Swing – the value of current bearish price swing if price is falling.

Dyn Dn Swing – the dynamic price value of bearish price swings.

Indicators also provided as functions.

In addition to providing the dynamic reversal indicator as a showme indicator and as radarscreen indicators, the indicator is also supplied as a function enabling you to incorporate the dynamic reversal function into your own indicators and trading strategies.

Continued Support and Updates for a Minimum of 12 Months

All our products come with full support so if you have any problems or require any additional information you can contact us for assistance. We also offer updates for a minimum of 12 months so if any new features are added to these indicators during this time then they can be sent to you for free.

If you have any questions about this, or any other product we offer, please contact us at infotechnicaltradingindicators.com

More Chart Examples

1 minute chart of AAPL with TradeStation dynamic reversal indicator applied.

Daily chart of X with dynamic reversal indicator.

The dynamic reversal indicator applied to a 500 tick chart of the S&P 500 E-mini.

USDJPY forex intraday chart with dynamic reversal indicator.

Dynamic reversal TradeStation indicator applied to daily chart of HPQ.

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All information provided is for educational purposes only. The company is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The company may hold positions in the stocks, currencies or industries discussed here.

You understand and acknowledge that there is a high degree of risk involved in trading securities and/or currencies. The Company assume no responsibility or liability for your trading and investment results and you agree not to hold the company liable for any monetary loss and/or damages of any kind. There is a high degree of risk in trading and you should always consult a qualified advisor about the suitability of any investment.

It should not be assumed that the information presented will be profitable or that it will not result in losses. All information including performance reports and charts are based upon simulated trading and do not include slippage or commission unless otherwise stated. Care has been taken in the preparation of the information. However, we do not make any representations or warranties as to the accuracy of the information provided. Information and products provided by the Company rely on data from third party sources which may or may not be accurate and no guarantee is given to the accuracy or completeness of the data used or information provided.

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