Reversal points essentially represent exhaustion levels, indicating when the price is poised to lose momentum. As the price begins to decelerate, it may either reverse direction or initiate a pullback. Pairing these alerts with additional market indicators can provide exceptional confluence, thereby enriching your strategic approach and boosting the reliability of your predictions. This combination of tools offers a comprehensive view of the market, aiding in the decision-making process.
To enable the Reversal Points feature simply head over to the indicator settings.
When you are inside the MTT settings - locate the Reversal Points box and enable it (first box).
A lower sensitivity setting will yield fewer signals, as it seeks to identify only the most pronounced exhaustion points. By prioritizing stronger signs of market exhaustion, this setting can help highlight more significant potential reversals, allowing for focused and potentially more reliable trading decisions.
See how the reversal point appears when price touched the Daily Support Level, it even gave us a stop hunt, when it filled our Fair Value Gap.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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