PROTECTED SOURCE SCRIPT
MM-Microtrend-Reversal-Indicator
This indicator detects microtrend reversals based on crossings of the DMI+ and DMI- signals
It indicates the trigger event on the chart as well as the reversal candle
In addition to that it shows a countdown above the bars
This is helping when multiple reversals occur.
Important: when the Bollinger Bands are crossed in the previous bars it's possible that the prognosted reversal will NOT show up
Recommended timeframes are M1 and M2
Avoid trading sideway trends, the reversals are low and reversal triggers and assumed reversal candles could get chaotic sometimes
It indicates the trigger event on the chart as well as the reversal candle
In addition to that it shows a countdown above the bars
This is helping when multiple reversals occur.
Important: when the Bollinger Bands are crossed in the previous bars it's possible that the prognosted reversal will NOT show up
Recommended timeframes are M1 and M2
Avoid trading sideway trends, the reversals are low and reversal triggers and assumed reversal candles could get chaotic sometimes
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