Price action is among the most popular trading concepts. A trader who knows how to use price action the right way can often improve his performance and his way of looking at charts significantly. However, there are still a lot of misunderstandings and half-truths circulating that confuse traders and set them up for failure.

Using PA Trend Reversal will be possible to identify high probability exhaustion moves of a trend.

⚠️ AVOID NEWS AND SPEECHES – most of the bad signals are during the news/speeches.

I suggest you using this on EURJPY M5 with Martingale Step1.

*Candles for Calculation = 2;

*Minimum body size of the previous candle (points) = 15;

Features

• The indicator gives alerts in real-time when the conditions are met.
• Round Number Filter (this is the basic price action).
• Volume Filter

Inputs

• Candles for calculation – How many candles do you want  for the price action calculation.
• Maximum size of wick for current candle (use in points)
  *Candles that have no wicks in the direction of the trend are the perfect trade but you can add a small wick like 10-30 points.
• Minimum body size of the current candle   -Candles with big body size are recommended.
• Minimum body size of the previous candle -If the previous candle is smaller than XX points the signal is not valid. The bigger is the previous candle the better will be the signal.
• Candles to calculate high/low. Use this settings when you don’t want to trade the signals on a flat market.
  You can select the number of candles to look back and find the lowest/highest price.
  Then you can get signals only at a distance of that lowest/highest price for the selected number of candles
• Filter signal with Volume. Filter the signals.

*I recommend:

Big previous candle.

No breakout tries before the signal.

Strategy Trend Reversal Signals for Binary Options (Timeframe recommended: 5-15MIN)

• Alert comes in and the current candle is near a support/resistance or a RN (Round Number).
• Check the support/resistance line to see if it’s a breakout.
• You enter with 5 seconds before the current candle closes.
• DO NOT trade during news.

Strategy Trend Reversal Signals For Forex (Timeframe recommend: 1H-4H)

• Alert comes in and the current candle is near a round number. If the candle close breaking out the round number or support/resistance, you can enter but with small lot.
• Check the round number or support/resistance line to see if it’s a breakout.
• DO NOT trade during news.

⭐ How to maximize the winning ratio ?

Use the indicator with these inputs:

Candles for calculation = 5

Use the volume filter – JustVolumeSignals

TF – M5

Will be less signals but more accurate. especially on Binary Options.