The Border Ligns Forex Reversal indicator for Metatrader 4 is a profitable trend reversal indicator based on border channels.
The indicator appears in the main MT4 chart window as a colored trend channel (two outer bands + middle band).
You can enter and exit the market multiple times a day with this indicator.
Key Takeaways:
- A bullish trend occurs when the Border Ligns indicator is sloping up.
- A bearish trend occurs when the Border Ligns indicator is sloping down.
- Easy to enter and exit the market with this indicator.
- Works for any currency pair and time frame.
Free Download:
Download the “Border ligns.ex4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Border Ligns Reversal Signal indicator in action on the trading chart.
Trading Signals (example):
Buy signal: Open a buy trade as soon as price touches the lower price channel band and the bands are sloping up (up trend).
Sell signal: Open a sell trade as soon as price touches the upper price channel band and the bands are sloping down (down trend).
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Utilize your own favorite stop loss and take profit method.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trading signals
Repaint? No.
Download Now:
Download the “Border ligns.ex4” indicator for Metatrader 4
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the Border ligns.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.