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Oscillator Reversal

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Product Description

Which do you think gives more effective trading signals - Pullback or Reversal?

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oscillator reversal

Following the success of Oscillator Trend, we developed Oscillator Reversal, which is another universal indicator that works with any oscillator of your choice, no matter if it's built-in or third-party (RSI, Stochastic, MFI, Awesome Oscillator, CCI...). Get this universal indicator and start experimenting to see which oscillator performs best in identifying trend reversals!

This indicator decides reversals based on the oscillator value in relation to user-defined thresholds. Assume that you set the high, center, and low thresholds at 60, 50, and 40, respectively. Then:
  • Assume the oscillator has climbed above 60 for at least X bars (you define this number), then when it falls below 60 a bearish reversal will be given.
  • Reversely, assume the oscillator has fallen below 40 for at least X bars, then when it climbs above 40 a bullish reversal will be provided.

The “Late Mode” can be enabled so that the oscillator is required to exceed the Threshold Center for a reversal signal to be triggered.

Key features:
  • Plot the chosen oscillator
  • Allow choosing any oscillator as input
  • Allow smoothing the chosen oscillator (with )
  • Allow configuring "Late Mode"
  • Allow configuring 3 thresholds: high, center, low
  • Colorize the oscillator based on 3 phases: high, center, low
  • Highlight high & low zones
  • Print markers on reversal appearance
  • Trigger alerts on reversal appearance
  • Be NinjaScript ready for advanced usage, only restricted by your imagination
  • Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
  • Signal_State: 1 = high, -1 = low, 0 = middle
  • Signal_Reversal: 1 = bullish, -1 = bearish, 0 = no signal

Software Changelog

  • 12 Jan 2022 - The indicator was released (build new).

Product Media

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From very happy customers... 500+ reviews →
  1. product_image Oscillator Reversal $$
    5 5

    Grace: Terrific Support That Makes You Feel Great

    Terrific support, especially Grace. The kind of support that just makes me feel great about being a customer of you guys!

  2. product_image Oscillator Reversal $$
    5 5

    Pi was very helpful and fast

    Horizontal Label Horizontal Label tool is just the ticket! Pi was very helpful and fast. Hope to buy some others when I have some money.

  3. product_image Oscillator Reversal $$
    5 5

    Awesome Indicator and Pi Rocks!

    This is my story, I ordered the Day Range indicator for NIFTY India. To my dismay, it didn't work well as it calculated ranges in ticks. I asked Larry Pi if there was a workaround, and he created a new version with all the choices for range unit: points, ticks, pips. He was with me all through the process, with very short turnaround cycles. So don't hesitate at all to pick what you want! You won't regret.

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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