Synthetic Reverse Bar

What is the Synthetic Reverse Bar?

The Synthetic Reverse Bar is an advanced indicator, an evolution of the traditional Reverse Bar indicator. It is specifically designed to address the shortcomings of candlestick patterns formed at higher timeframes, especially when considering variations among different broker terminals. Essentially, this indicator reshapes the rules of trading by presenting synthetic candlestick patterns on shorter timeframes like M5 or M15, while accurately reflecting potential reversal points that are typically found in higher timeframe analysis.

Operation Modes

• Set Time Frame: The size of the synthetic reversal bar is determined by a higher timeframe, allowing traders to capture ideas from larger timeframes without switching charts.
• Custom Set Synthetic Bar: Traders can manually set the size of the synthetic bar based on the number of bars present on the current timeframe. This offers tailor-made adaptability to individual trading styles.

Launch Settings

• Max Bars: Defines how many bars will be calculated on the chart for analysis.
• Signal Alert: Provides alerts when a synthetic reversal pattern appears, giving traders a heads-up for potential entry points.
• Smart Filter: Apply filters based on additional reversal patterns, increasing the specificity of signals.

Benefits of Using the Synthetic Reverse Bar

• Visual Analysis: Allows for clear visual analysis of reversal patterns, aiding in decision-making regarding pending orders.
• Multi-Timeframe Analysis: Facilitates a deeper analysis by bridging the gap between shorter and longer timeframes.
• Compatibility: Seamlessly integrates with various strategies, enhancing the overall trading experience.

User Feedback

Traders have reported high satisfaction ratings with the Synthetic Reverse Bar indicator. Users appreciate its clarity and practical application in real time, particularly in fast-moving markets. The ability to see potential reversal patterns quickly can be a game-changer for both novice and experienced traders alike.