Video: This Indicator Only Draws a Reversal Zone When the Move Earns It

A 113-second walkthrough of Impulse Waves & Reversal Zones — the free, open-source TradingView overlay that scores every price leg 0-100 (efficiency + displacement) before drawing anything, so only legs that qualify as an impulse get a reversal zone with extension targets and a stop already labeled.

Chapters

  • 0:00 — Why not every pullback gets a zone
  • 0:16 — Impulse Quality Score (0-100)
  • 0:35 — Protected-swing trend structure
  • 0:56 — Zone, TP1/TP2, stop, live status
  • 1:25 — Multi-timeframe HUD and plan
  • 1:42 — Free on TradingView

Key takeaways

  • Every price leg gets an Impulse Quality Score from zero to one hundred — half efficiency, half how far it moved relative to its own recent history. Only legs that clear the threshold get a reversal zone; the score itself is never printed on the chart, it’s the internal gate.
  • The zone anchors on the 0.382-0.618 retracement with two extension targets (×1.272, ×1.618) and a stop with the risk-to-reward already labeled. A live status tracks each setup — wait for the zone, target hit, or stopped — and once a setup resolves, its zone greys out and retires instead of lingering as if it were still active.
  • Trend direction is tracked by a protected-swing state machine, not a naive zigzag: it only flips when price breaks the swing that launched the prior impulse, so a shallow pullback stays labeled a correction (measured against its impulse) and the trend read stays intact.
  • A side panel reads higher timeframes for bias and strength, condenses them into an alignment row and a plain-language plan line, and only calls the market aligned when the timeframes actually agree.

Read the full breakdown: Impulse Waves & Reversal Zones — how it works

Get the indicator — and the full guide

The full written guide — every setting explained, alert setup and worked chart examples — is free with an MQLSoftware account.

Analytical charting tools only. Nothing on this page is financial advice, a trading signal service, or a promise of results. All percentages are observed frequencies from specific charts and periods; they describe the past, not the future. Trading involves substantial risk of loss.
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