The reversal indicator is an indicator that is used in forex trading and binary options trading to detect high and low price actions and swings in the market trend. The reversal indicator works better on high timeframes like 15 minutes and 30 minutes and 1 hour and 4 hours etc. Traders use different methods and strategies to identify the high and low reversals in the market trend.
These reversal trends can be used to conduct new entries. There are many types of reversal indicators like trend lines, price channels, moving averages, MACD, on balance value, swing points, volume oscillators, and Fibonacci. This indicator is specially designed for Meta trader platforms like mt4 and mt5.
Reversal Diamond Indicator MT4 Free
The reversal indicator does not show the exact reversal points in the market trend but it only detects the possibility of signals to be reverse. This forex indicator can help both beginner and expert traders to make a profitable trade. It can be used as precautionary measures. It is the best indicator to detect reversals in the market trend.
If you are trading in the Forex system at any time duration then it is important for you to know about uncountable structures and strategies in the reversal market trend. In reversal indicator, price actions are totally based on candlestick pattern.
If the candlestick pattern is moving in an uptrend then the price is getting high and when the candlestick pattern is trending downward then the price is getting low.
It uses doji candlestick, hammer candlestick, and engulfing candlestick patterns for ease of understanding and these candlesticks indicate the reversal pattern of the price in the market trend. It can also collaborate with another indicator like Heiken Ashi indicator, Moving average indicators, and support and resistance indicators.
2 Bar Trend Reversal Indicator For MT5/MT4
BUY ENTRY AND EXIT:
When the blue colour candlesticks come in the indicator chart and it is moving upward and a green arrow appears under the candlestick bar pointing upward then place buy entry here and when the candlestick pattern turns red and starts moving in a downward direction and reaches below the specific level in the market trend, then it is the time for Buy exit.
Sell ENTRY AND EXIT:
When the blue colour candlesticks come in the indicator chart and it is moving upward and a green arrow appears under the candlestick bar pointing upward then it is the time for sell entry and when the candlestick pattern turns red and starts moving in a downward direction and reaches below the specific level in the market trend, then it is the time for sell exit.
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The reversal indicator has too many uses because it predicts the reversal changings in the market trend. This indicator is designed for Meta trader 4 platforms. It is developed for binary trading options and Forex trading system.
This indicator is used to show reversal changings in the price action, market trends, and trend lines. It uses different candlestick bars for its changing trends. It also tells the buy and sells reversing signals. It also uses specific pip and colour schemes for ease of understanding.