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Instrument: REA_DVT_Reversal
Disclaimer

The graphic studies and any other indication generated by the software should not be considered as personalized investment advice or even as investment recommendations. The setups generated by the software search for market conditions developed on prices in the past and are useful for statistical purposes.

The software is not able to work autonomously and requires various inputs from the trader for pattern research, statistics processing and any other expected functionality.

Description

The REA_DVT_Reversal it is an indicator that draws an arrow whenever it detects optimal conditions for a reversal. Designed and built for cTrader in collaboration with Protocol Automation, you can find the MT4 version by contacting them on Telegram here @ProtocolAutomation.

 

Functionality

  • Arrows directly on the Graph
  • Signal with pre-set message on Telegram via a Telegram bot –> Watch Tutorial HERE.

 

Parameters

Assistant

  • Timeframes: Select the Timeframe where you want to Confirm the reversal

BUT

  • Period: Select the Moving Average Periods (default 50)

CSR

  • Period: Select RSI Periods (default 5)
  • OverBought: Select the Overbought Level (default 80)
  • OverSold: Select the Oversold Level (default 20)

Body

  • Value: Select the Minimum Pip Value of the Reversal Pattern Candles (default 5)

Arrow

  • Up Color: Customize the color of the Buy Arrow, write the name of a color in English or enter Hex color code e.g. #ffffff (white)
  • Down Color: Customize the color of the Sell Arrow, write the name of a color in English or enter Hex color code e.g. #000000 (black)

Telegram

  • Telegram : Active with Yes or Deactivate with No
  • Tokens: Enter the Token (string of numbers and letters) of your Telegram Bot that will send the Signals
  • chatID: Enter the ID of the Telegram chat where you want the messages to arrive

Backtesting

  • Bcktest: Enable or Disable Backtest mode with Yes or No
License:
REA Learn TradeKit

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