The Forex Reversal Indicator MT4 is a signal indicator for MetaTrader 4 designed to identify trend reversal points. Signals are plotted on the main chart as yellow dots indicating potential trend reversal. Each yellow dot is encircled with a colored border: red indicates a potential shift to a downtrend, while blue border indicates a change to an uptrend. The indicator is highly customizable, with additional alert options, making it an invaluable asset for traders aiming to identify market reversals.
This indicator is suitable for traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, for identification of trend reversals.
Indicator Settings
How to Install Forex Reversal Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
