In this new video from The Indicator Store, we present an updated walkthrough of the TIS Reversal indicator — a powerful tool designed to detect potential market reversal points and enhance decision-making in your trading strategies.
🧠 What is TIS Reversal?
TIS Reversal is an indicator that generates reversal signals based on technical conditions and additional filters, allowing traders to operate with more precision and control.
🧰 Available Filters
The indicator includes a variety of customizable filters you can activate based on your trading style:
-
📉 EMA Trend: Enable signals depending on whether price is above or below an exponential moving average.
-
🔺 EMA Slope: Filters signals based on the slope of the EMA (positive for longs, negative for shorts).
-
📐 Linear Regression: Fine-tunes signals to avoid false entries in sideways markets.
-
🕯️ Pin Bar Filter: Trigger signals only when a candle has a distinct wick (useful at key reversal zones).
-
🟡 Confirmed vs Unconfirmed Signals: Optionally show only confirmed signals or include early, unconfirmed ones for aggressive setups.
🚀 Alternate Entry: RBO (Reversal Breakout Order)
In addition to the classic entry method, TIS Reversal includes a powerful alternative:
RBO, which waits for a breakout after the initial reversal signal to confirm the move.
✅ Perfect for traders who want extra confirmation in volatile environments.
📏 You can define:
-
The breakout distance (in ticks)
-
How many bars to wait before the entry expires
📊 Optimization in Strategy Analyzer
The indicator exports all signals as plots, making it easy to:
-
Build your own strategies using the Strategy Builder or NinjaScript
-
Backtest multiple combinations of filters
-
Optimize parameters with real-time results
It also includes the option for symmetrical overbought/oversold levels, simplifying the optimization process.
📌 Final Thoughts
TIS Reversal is more than just a reversal signal tool. Thanks to its flexibility, filtering system, and RBO confirmation logic, it becomes a complete solution for traders seeking precision and adaptability.
👉 Comes with a built-in strategy and full NinjaScript compatibility.
#NinjaTrader#ReversalStrategy#TradingIndicators#DayTrading#TechnicalAnalysis#TISReversal#BreakoutTrading#NinjaScript#TradingTools#StrategyAnalyzer#PriceAction#PinBar#ReversalSignals#FuturesTrading
No comments:
Post a Comment