Find Closing Price Reversal with Alerts

In the world of Forex trading, having the right tools at your disposal can make all the difference. One such tool that has been gaining attention is the ‘Find Closing Price Reversal’ Forex Trading Software. This software is designed to help traders identify potential reversal patterns in the market, a critical element in successful trading.

Understanding the ‘Closing Price Reversal’ Pattern

The ‘Closing Price Reversal’ is a strong reversal pattern that is particularly effective when it appears following a rapid market movement. The pattern is identified by the signal bar opening with a gap from the previous bar’s close. The open price is next to the bar’s high, and the close price is below the close price of the preceding bar, and it is close to the minimum price of the bar. This scenario is applicable for a bearish setup, and the reverse is true for a bullish one.

Key Features of the ‘Find Closing Price Reversal’ Software

Like other price action patterns, the ‘Closing Price Reversal’ also requires confirmation factors such as support/resistance levels and signals from other indicators. The software marks the signal bar above/below and draws a level for setting a pending order, thus making it easier for traders to make informed decisions.

The software has five configurable parameters that allow traders to customize the tool according to their specific needs. These include the relative size of the candle, the period of ATR for the first parameter calculation, use of signal alerts, push notifications when a pattern is identified, and an email notification feature.

Configurable Parameters Breakdown

Understanding the configurable parameters is crucial for maximizing the benefits of the software. The ‘Relative size of the candle’ parameter determines the relative size of the pattern. The smaller the value, the smaller the sizes of bars to be involved in the pattern search. The ‘ATR’s period for calculate relative candle size’ is the period of ATR for the first parameter calculation.

The ‘Use Alerts’ parameter allows traders to choose whether or not they want to receive signal alerts. The ‘Send Push-notifications’ feature sends push notifications to the trader when a pattern is identified, and the ‘Send mail’ feature sends an email notification when a pattern is identified.

Independent Testing and Updates

For those interested in seeing the software in action, independent testing of this product is available on the forexroboteasy.com website. Subscribers can also receive updates on the results of testing this product, providing them with valuable insights into its effectiveness.

Share Your Experience

We invite readers who have used the ‘Find Closing Price Reversal’ software to share their experiences. Your insights can be invaluable to other traders considering this tool.

FAQ

What is the ‘Closing Price Reversal’ pattern?

The ‘Closing Price Reversal’ is a strong reversal pattern in forex trading that can indicate potential changes in market direction.

What are the key features of the ‘Find Closing Price Reversal’ software?

The software identifies the ‘Closing Price Reversal’ pattern, marks the signal bar above/below, and draws a level for setting a pending order. It also has five configurable parameters for customization.

Where can I see independent testing of this software?

Independent testing of the ‘Find Closing Price Reversal’ software is available on the forexroboteasy.com website.

Note: This is an independent product review. The text is written in the third person and does not contain the words “our” or “my” product.