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2 Bar Reversal indicator.mq4
Broker Online - Broker Exchange : Platform Trading MT4 Metatrader
Interpretation Rules - Signals From Trading
* Buy signal: Forecasts trend bullish
. Purchase: 2 bars of consecutive negative price, the second bar closing price is lower than the lowest point of the first bar.
Formation of an arrow 2 Bar Reversal indicator bullish.
* Selling signal: bearish trend forecast
. Sale: 2 positive price bars, the closing price of the second bar is above the highest point of the first bar
Formation of an arrow 2 Bar Reversal indicator bearish
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Time and Time unit UT - Time Frame: D1 (Daily)
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