DHL reversal indicator was developed as idea to mark interesting zones on the chart according to previous daily High/Low prices that in most scenarios could be a good point to open reversal scalp position.
Logic behind this is that if price is above previous daily high, or below previous daily low, with confluence of MA20 indicator will mark that zones with color. If price pullback and cross MA20 (at least with 80% with candles body) but still is out of previous daily high/low it will mark respective bars as confirmed potential signals with triangles.
Confirmed potential signals can be filtered with simple MACD, preferred with 1D timeframe for MACD, used as general bias.
Settings allow to change MA, MACD and colors as well as integrated alerts for potential confirmed signals for long/short.
Everyone enjoy and happy scalping!
Logic behind this is that if price is above previous daily high, or below previous daily low, with confluence of MA20 indicator will mark that zones with color. If price pullback and cross MA20 (at least with 80% with candles body) but still is out of previous daily high/low it will mark respective bars as confirmed potential signals with triangles.
Confirmed potential signals can be filtered with simple MACD, preferred with 1D timeframe for MACD, used as general bias.
Settings allow to change MA, MACD and colors as well as integrated alerts for potential confirmed signals for long/short.
Everyone enjoy and happy scalping!