With the Kovach Reversals indicator, we automate the process of scanning for technical candlestick reversal patterns. A bearish reversal is shown by a red triangle above the high of the most recent candlestick in the pattern, a green triangle indicates a bullish reversal. To mitigate false positives, we filter for the reversal patterns at the extrema of the price range, where a reversal is highly likely to occur. While many indicators are susceptible to time lag, the reversals are drawn instantaneously as the bar forms, giving you the ability to get in on a trade as the setup develops.
This indicator works best with the Kovach Momentum, Kovach Chande, or Kovach OBV indicators, where we can leverage the strengths of both to increase our probability of success.
Hello, I am interested in the trial for this please.
quantguy
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@georgechityat, I have granted you access to this indicator as a trial. The subscription will include access to 6 indicators for 10/mo. I am still getting my website together, so you can use the indicator as a trial until then!
SupremeCoding
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@quantguy, Thank you! I will provide any feedback that I can.
quantguy
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@georgechityat, I'd appreciate that! Your feedback will help me improve the indicator and everyone wins :)
SupremeCoding
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@quantguy, BTW is there any preferred time chart for this indicator? I am going to test it with commodities/futures.
quantguy
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@georgechityat, not really, but I use it on 30 min, 4h and daily