Question -

Is reversal diamond indicator a perfect indicator ?

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2 Answers
Louis Jacques
Answered 3 years, 10 months ago
<p id="isPasted">The Reversal Diamond Indicator is based on a unique author's algorithm for creating the most accurate signals!</p><p>It is a great trend trading tool able to predict retracements and reversals. Signals are highly accurate especially with volatile side way trend in any time frame.</p><p>You must also keep in mind :</p><ol style="list-style-type: lower-roman;margin-left:62px;"><li><p>The indicator does not repaint.</p></li><li><p>The indicator does not recalculate.</p></li><li><p>The indicator works on any time frame but recommended is H4 and in any other time frames the trend must be in a volatile side way trend only for more accuracy.</p></li><li><p>The indicator works on any pairs, stock and …</p></li></ol>
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Otani Kasumi • Lived in Morioka
Answered 2 weeks, 3 days ago
<p id="isPasted">No, the Reversal Diamond Indicator is not a "perfect" indicator, as no such tool exists in trading. While some versions of this indicator (specifically those for MetaTrader platforms) claim an accuracy rate as high as 94%, these figures are often marketing claims from developers and may not hold up in all market conditions.&nbsp;</p><p>In reality, the "Diamond" signal typically refers to a rare but reliable Diamond Chart Pattern, which has a historical success rate of approximately 81%.&nbsp;</p><p><strong>Why It Is Not Perfect</strong></p><ul><li>False Breakouts: Even high-quality reversal patterns can experience false breakouts, where the price briefly exits the pattern only …</li></ul>
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