Reversal Zone from Price Scaling and MACD histogram

XAUUSD
This indicator is intended for upward reversal techniques only.

The reversal zone is calculated by reverse-engineering price scaling and the MACD histogram. The maximum and minimum values of the upper and lower zones are then plotted as the bands.

The adjacent table displays five reverse-calculated values for each of the upper and lower bands, as well as two mode values for each.

The principle is similar to Bollinger Bands, but a signal is generated only when there is clear buying or selling pressure.

We would like you to try it and share your feedback.