Reversal Bands create adaptive zones showing potential reversal areas with high probability.
Toggle: Enable/disable Reversal Bands
Mode: Fast or Slow β adjusts zone width
Colors: Set custom colors when Theme is disabled
Upper Zone: When price enters the upper (red) zone, be alert for potential bearish reversals
Lower Zone: When price enters the lower (green) zone, watch for potential bullish reversals
Zone Exits: When price exits a zone, it often confirms the reversal direction
Multiple Tests: Multiple touches of a zone without breaking through often strengthen the reversal potential
Reversal Bands are excellent for identifying potential profit-taking areas and countertrend entries.
Last updated 10 months ago
