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Lucky reversal indicator tradingview
makuchaku Pro Mar 1. Knowing how big a range one is operating in (from a higher time frame perspective) is very important to understand where the reversals could potentially come from. This indicator uses the closing price of previous HTF candle and plots its ATR range - and several levels on top of it. +/- 75% +/- 100% +/- 150% +/- 200% +/- 300%.
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The TMA or triangular moving average is a simple MT4 indicator that draws one moving average on the chart. The indicator focuses on the price action and presents the direction of the trend. When the TMA is below the price, it suggests an upward trend. Conversely, when the indicator is above the price, it signals a downward trend.
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Lucky Reversal Tradingview indicator is a very useful indicator for Forex traders who look to detect reversals in the forex market. However, these tradingview traders strive especially to follow trends, protect their position against price fluctuations and start new trades. Thus this indicator will help them to achieve their goals.
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This indicator uses Tom DeMark’s TD Sequential counting from 1 to 13. Number 9 and 13 usually identify an exhausted trend and mark a trend reversal. The important numbers get displayed as labels (7-13), where 9 and 13 are both highlighted as "Long" or "Short". Besides the numbers the price candles are colored based upon the sequence.
. Method 2: Copying & Pasting the TOS Sharing Links. If the automatic link method above doesn't seem to work, don't fret. Just go into your ThinkOrSwim application, and click the "Setup" menu in the top right corner (gear icon). In the dropdown menu that appears, click "Open shared item".
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The Lucky reversal indicator is unlike many trend reversal indicators out there. The reason is that it is a lagging indicator, so a trader can hardly trade reversal breakouts with it. Many traders have had their shares of frustration from trying to use the indicator to catch the beginning of reversals, and you can't blame them for trying.