reversal strategy is based on the first support level’s price action during the and the first during the . Traders follow the main trend and enter into the trade after reversal analyzing levels.
This version is an upgraded version, combining the initial reversal strategy together with one of the most accuracy moving average in my opinion for day trade, the Least square moving average.
At the same time I applied an option to backtest using a date range and a leverage calculator.
The default options are optimized for BTC /USDT 2H charts, using 0.1% comission fee.
If you have any questions, let me know
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
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