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Dynamic Reversal Indicator for TradeStation

Dynamic Reversal Indicator for TradeStation

The dynamic reversal indicator identifies oversold and overbought markets using a dynamic approach to adjust to recent market behavior. The indicator works by measuring the current price swing and comparing it to previous price swings to see how far prices have stretched in relation to recent market activity. Using this dynamic approach the indicator continually adjusts for market volatility and trend while identifying oversold and overbought markets.

The indicator also measures bullish and bearish price swings independently from each other in an effort to provide more accurate analysis in trending markets. 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 and so the dynamic reversal indicator analyses each type of pullback independently of the other.

 

100% Money Back Guarantee
You can try these indicators for 30 days risk free and evaluate them for yourself within TradeStation. If after purchasing these indicators you decide they are not right for you just let us know within 30 days for a full refund.

 

Screenshots
The chart below shows the dynamic reversal indicator applied to QCOM. Oversold markets with the possibility of rising shortly are shown with a yellow dot while overbought markets with the potential to fall over the next few bars have a red dot.

The dynamic reversal indicator displays showme dots within a chart window indicating potential points for price reversals. Oversold markets with the possibility of rising shortly are shown with a yellow dot while overbought markets with the potential to fall over the next few bars have a red dot.

The intraday chart below shows the dynamic reversal indicator applied to the forex markets.

The dynamic reversal indicator applied to a forex market.

 

Additional Information
Our dynamic reversal indicators have been designed to be flexible and include multiple settings including the ability to adjust the sensitivity of the indicator.

Identifying price swings in the market being traded is not restricted to just one type of price swing. You can detect price swings using any market price, not just the closing price.

Due to the amount of information available when using the dynamic reversal indicator we have provided two dedicated RadarScreen indicators for you to use. The first is the 'full' version of the dynamic reversal indicator and when applied to a RadarScreen the full dynamic reversal RadarScreen indicator provides additional information beyond alerting you to potential market reversals.

  • 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.

If the full dynamic reversal indicator provides more information than you need you can use the quick version which only displays the dynamic reversal status and none of the statistical information.
A TradeStation RadarScreen with the 'full' dynamic reversal indicator applied.

The second is a 'quick' version of the dynamic reversal indicator which focuses solely on alerting you to reversal opportunities without the additional data.

 

When applied to a RadarScreen the dynamic reversal indicator can scan and sort multiple markets in real-time. In additional to identifying potential market reversals the indicator can display statistical information based on the current price swing and recent price swing activity.
A TradeStation RadarScreen with the 'quick' dynamic reversal indicator applied.

 

Standard Indicator Features

  • Various inputs and settings to help customize and optimize each indicator.
  • Can be applied within TradeStation using various tools, including charts, RadarScreens and scanner.
  • Option to use TradeStation sound, message and email alerts.
  • Includes PDF manual.

 

EasyLanguage Functions for TradeStation
All our indicators are provided in the form of an Easylanguage function. Easylanguage functions allow you to incorporate our indicators as part of your own strategies and indicators within TradeStation.

 

Delivery
You should expect to receive your order within 1 working day via email.

 

     
  100% Money Back Guarantee
These TradeStation compatible indicators come with a 30 day money back guarantee. During the first 30 days after purchasing these indicators you can use and evaluate these indicators as much as you like. If after purchasing these indicators you decide they are not right for you just let us know within 30 days for a full refund.		  
     

 

Continued Support and Updates for a Minimum of 12 Months
All our products include full support and updates for at least 1 year so if you have any problems or require any additional information you can contact us for assistance.

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

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Disclaimer

All information provided is for educational purposes only and it should not be assumed that the information presented will be profitable or that it will not result in losses.

You understand and acknowledge that there is a high degree of risk involved in trading securities and/or currencies. TechnicalTradingIndicators.com 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.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

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