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Trend Reversal Indicator WIth Back testing results

1.5K views· 28 likes· 4:33· Jan 20, 2024

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https://usethinkscript.com/threads/trend-reversal-for-thinkorswim.183/ reversal indicator. It uses moving averages, ZigZag patterns, and Fibonacci to generate reversal signals on your chart. One thing to note is that this indicator will be repainted. The Buy and Sell signal will disappear if the candlestick closes above or below the stop loss line. If that happens, you can use that as a trigger point to cut losses early. Chart http://tos.mx/LgQ0zE3 Bearish Scan http://tos.mx/Yk2Btpu Bullish http://tos.mx/lqWf321 Green = Buy Signal Bars Purple = Neutral Red = Sell Signal Bars

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