LVG Reversal Indicator

LVG Reversal Indicator:
Shows potential reversal spots.

How to use:
Works best on low time frames and markets that are trading sideways.

If a potential reversal has been reached it plots a green or a red dot under or above the candlestick .

Green dot = potential buy opportunity
Red dot = potential sell opportunity

If the signals get ignored the market is trending and a big reversal can be expected at the end.

The scripts plots the signals at the opening of the candle.

Does not repaint.


Please leave some feedback in the comments.
Use this indicator at your own risk.
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