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Reversal Indicator




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The appearance of cyan squares below the price bars is indicative of a significant downtrend in progress which is exhibiting signs of exhaustion. In other words, this indicator signifies that the current downtrend has reached the point where other similar downtrends have "run out of steam" so to speak. When the cyan squares no longer appear below the price bars the probability is high that at the very least the current phase of the downtrend is decreasing in momentum.



The appearance of magenta squares above the price bars is indicative of a significant uptrend in progress which is exhibiting signs of exhaustion. In other words, this indicator signifies that the current uptrend has reached the point where other similar uptrends have "run out of steam" so to speak. When the magenta squares no longer appear above the price bars the probability is high that at the very least the current phase of the uptrend is decreasing in momentum.

Entry Options

1. Buy at the market when the cyan squares stop appearing; sell at the market when the magenta squares stop appearing. Higher risk. 2. Maintain a trailing entry stop after the indicator ceases to appear. For instance, buy at the highest high of the last three bars after the cyan squares are no longer appearing or sell at the lowest low of the last three bars when the magenta bars fail to appear. The trader can also use the JFC Entry Point Indicator as a tool with which to place a trailing entry stop. Moderate risk. 3. Use the JFC Real Time Pivot Indicator to confirm the trend and enter at this point. Lowest risk.

User Customizations

Inputs: Sens: Practical range will be 2 - 30. Four to 9 will be optimum depending on data compression. Again, lower numbers will increase the sensitivity. Optimal settings will vary with the market to which the indicator is to be applied, the data compression in use and the degree of sensitivity desired by the individual user. The trick to making this indicator as individually useful as possible is the constant observation of its activity in real time as well as on historical data. It is also important to periodically adjust settings and data compressions to obtain settings which closely match current trend changes in the market being observed.


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