Reversals & Pullbacks

Reversals & Pullbacks:

This indicator tries to predict Price reversals and pullbacks.
It works best on the higher timeframes (H4 and D) and was written for currencies but also shows some decent results on Crypto.

Inputs:

- Confirmation: When activated, the indicator waits to print the bullish/bearish signal untill price shows a clear sign of reversal. When not activated, it only looks if it thinks a pullback or reversal is likely to happen without waiting for confirmation. There will be more (false) signals when disabled
- Sensitivity: When set to 0, there will be more (false) signals printed, and when highering this value there will be less signals. The default value is 5 but you can experiment which value works best on what instrument.
- Arrow Distance: can be used to place the arrows further away from price if needed.