A RSI + ATR Indicator.
This free algorithm predicts short term changes in price with a 86%* accuracy. When there is a large move as determined by the ATR, during an overbought or oversold condition, the indicator will alert you. Predicts if price will be higher or lower than the signal candle. Perfect for mean reversion trading, binary options or futures contracts on larger time frames. The indicator was backtested on 5 years of data and has a 90% accuracy for predicting price reversals over time. You can get the indicator in Metatrader here.
The Indicator alerts you of opportunities to buy or sell by coloring the candle, and notifying you via phone or desktop alarm. Below are some photos of the indicator in action.
