Laser Reversal Indicator - clever algorithm with PA & Market Timing strategies

For successful forex trading, it is important to be able to correctly find the end and start points of the trend, as well as to accurately determine the future direction of the price. For these purposes, traders use a variety of tools, ranging from classic support / resistance levels to more complex and paid indicators. One of these algorithms is Laser Reversal Indicator. This tool was developed specifically to identify trend reversal points. The laser instrument was named due to the fact that its signals almost always hit the target.

Characteristics of the Laser Reversal Indicator
Platform: Metatrader4
Currency pairs: Any currency pairs, recommended Major
Trading Time: Any trading sessions
Time Frame: Any, recommended H1, H4 and D1

Algorithm Description
According to the developers, the indicator has a clever algorithm that combines Price Action and Market Timing strategies. The indicator does not repaint and does not lag. Laser Reversal gives signals in the form of directional arrows "up" and "down". In addition to pointers, the instrument displays blue and red boxes on the chart, which show the range of price movement for a certain period of time.

The borders of such boxes can be used as local support and resistance levels:

A blue box appears when a buy signal is received
A red box is formed when a sell signal appears
The algorithm gives a signal at the moment of a trend change. If the downtrend changes to an uptrend, a blue arrow and a blue box will appear on the chart. When a bullish trend changes to a bearish one, the chart will show a red box combined with a red arrow.

laser-reversal-indicator

Indicator setting
reversal-indicator-settings

The indicator is based on the Relative Strength Index (RSI) algorithm, so the main input parameter that affects the quality of signals will be the “Period” item. It is responsible for the number of bars that will be analyzed when looking for signals. The higher the period value, the less frequent the signals will be. At the same time, their quality will noticeably increase, since the indicator will take into account more data. With a small period, the number of signals increases, but their quality becomes worse.

You can also make the necessary adjustments to the visual design of the signals, activate / deactivate the alert function and the pop-up alert window. After setting up the indicator, you can start trading.

We recommend making the first 20-30 trades on a demo account in order to get used to working with this indicator and to better understand its trading algorithm.

Trading rules
The easiest way to trade is to make deals when a signal box and an arrow appear. The market is entered only by the direction of the signal. It is recommended to ignore counter-trend trades.

BUY Signal:

laser-reversal-indicator-buy-signal

SELL Signal:

reversal-indicator-sell-signal

When trading Laser Reversal, it is important to set the protective Stop Loss correctly.