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alexgrover

Reversal Points

alexgrover Wizard  
Volume Trend Analysis Mass Index reversals reversal
299
3
volumestudies trendanalysis massindex reversals reversal
Introduction

This indicator is inspired from the mass index indicator with the goal of telling the user when a trend is about to stop thus highlighting potential reversals.

The Indicator

When the indicator cross under the trigger line the trend is about to stop and may reverse, shorter length will spot shorter terms reversals but a length of 100 is a good value.
Check out the indicators we are making at luxalgo: www.tradingview.com/u/LuxAlgo/
Open-source script

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.

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.

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