Description
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.
🔹 Core features:
• Dynamically plots support and resistance levels based on recent market structure.
• Displays red arrows signaling bearish resistance zones where price may reverse downward.
• Displays green arrows signaling bullish support zones where price may bounce upward.
• Draws a green dotted trendline to indicate active bullish trend phases.
• Marks new highs and new lows on the chart to help visualize evolving market momentum.
🔹 Usage:
• Trade reversals when price reacts to red or green arrows.
• Trade continuations by using the dotted trendline as confirmation of the prevailing trend.
✨ 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.
