Parabolic Regression Stop & Reverse Indicator

The Parabolic Regression Stop & Reverse Indicator is a pretty complex forex indicator as it calculates the dynamic regression channel and trendline channel. Therefore, it may be considered as a standalone mini-trading system. It provides all the necessary data for complete trading, including entry points and exits points

Buy Signal
-The slope of both the Regression Channel and Trendline Channel is 
 upwards
-Price touches the lower band of both channels
-Price rejects these levels and forms a bullish pattern
-Buy trade is triggered after the above conditions are met
-Set stop loss a few pips below the last low swing of the market
-Take profit or exit trade whenever the price hits an opposite band of 
 one of the channels

Sell Signal
-The slope of both the Regression Channel and Trendline Channel is downwards
-Price touches the upper band of both channels
-Price rejects these levels and forms a bearish pattern
-Sell trade is triggered after the above conditions are met
-Set stop loss a few pips above the last high swing of the market
-Take profit or exit trade whenever the price hits an opposite band of 
 one of the channels

The Parabolic Regression Stop & Reverse Indicator fits all kinds of timeframes and currency pairs.