Mayfair Reversal Change

✅ Mayfair Reversal Change — By EastWave Capital
Description:
The Mayfair Reversal Change indicator is a tool designed to help traders identify potential market turning points using Stochastic Oscillator behavior and filtered price action logic. It acts as a reversal signal filter and is particularly effective when the market is overextended (overbought/oversold) and about to revert from exhaustion zones.

🔍 How It Works:
This script monitors the Stochastic %K and %D crossovers and adds a custom logic layer to filter only high-quality reversal points:

Stochastic Filter Conditions:

Uses smoothed stochastic settings:

%K smoothing = 3

%D smoothing = 3

Only shows signals after %K crosses back below 80 (for Sell) or above 20 (for Buy)

This prevents signals from appearing too early during an active overbought or oversold phase.

Directional Confirmation Logic:

Bullish signal is printed only when %K re-enters below 20 after a confirmed stochastic crossover.

Bearish signal appears only when %K re-enters above 80.

This reduces false signals that occur during continued trending moves.

Toggle Switch:

A user-toggle input is included to enable or disable the reversal filter logic.

This gives flexibility for traders who want to test signals with or without the stochastic condition.

📈 How to Use:
Timeframes: Recommended for 5M, 15M, and 30M

Markets: Compatible with any market — FX, Gold, Indices, Crypto

Entry Approach:

Wait for signal after price has reached a potential extreme area.

Confirm with chart structure, support/resistance, or SMC zone.

Enter on confirmation, placing stop loss beyond the swing high/low.

Combine with trendline breaks or price imbalances (FVG) for extra confluence.

Can be used in combination with the Mayfair FX Scalper script for dual-layer confirmation.

⚠️ Important Notes:
Signals are visual only and should be confirmed with proper strategy.

This indicator does not execute or manage trades automatically.

Designed to assist with reversal setups but should not be used in isolation.

Always manage risk, use SL/TP, and avoid over-leveraging.