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[XIDEN] Reversal Scanner

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Xiden's reversal scanner is based on SMA.
It gives you visual reversal zones and possible entries to enter a reversal trade.
We always try to keep the chart clean, so we didn't go back on visuals, just essentials.

Here is a bullish example:
snapshot

The blue cross indicates the start of a bullish reversal zone.
The blue flag indicates the end of the bullish reversal zone.
The green arrow marks a possible long entry.

Here is a bearish example:
snapshot

Again:
The blue cross indicates the start of a bearish reversal zone.
The blue flag indicates the end of the bearish reversal zone.
The red arrow marks a possible short entry.

Don't use this tool as a standalone indicator to trade, always DYOR and use other factors to confirm a possible reversal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.