The FullTrendReversalmoagi2 is a custom support and resistance indicator for cTrader, purpose-built to help traders pinpoint potential reversal zones and trend continuations with clarity and precision.
š¹ Core features:
ā¢ Dynamically plots support and resistance levels based on recent market structure.
ā¢ Displays red arrows signaling bearish resistance zones where price may reverse downward.
ā¢ Displays green arrows signaling bullish support zones where price may bounce upward.
ā¢ Draws a green dotted trendline to indicate active bullish trend phases.
ā¢ Marks new highs and new lows on the chart to help visualize evolving market momentum.
š¹ Usage:
ā¢ Trade reversals when price reacts to red or green arrows.
ā¢ Trade continuations by using the dotted trendline as confirmation of the prevailing trend.
āØ Pairs perfectly with the MyTrendLine1 indicator, which detects trendline bounces and breaks allowing traders to confirm reversals or continuations at critical levels and reduce false signals.
