The Reversion Bands featuring an intuitive visual design to highlight potential price reversal points. When the price reaches the bands, it may either reverse its course or experience a pullback. Aligning these occurrences with other market influences provides an enhanced trading advantage.
The Reversion Bands include both bullish and bearish bands - essentially, a band positioned above and another below the current price. If the price touches the lower band, it could indicate a forthcoming bullish trend. Conversely, if the price hits the upper band, it could suggest a possible bearish turn. This powerful tool simplifies complex market movements, giving traders an extra layer of analytical insight.
To enable the Reversion Bands feature simply head over to the indicator settings.
When you are inside the MTT settings - locate the Reversion Bands and enable it (third box).
In the example below you can see price tapping in to the reversion bands and reverse. Especially when it aligns with other confluences/ concepts like: order block it makes great moves (see first white circle).
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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