The Forex Trend Reversal Signals indicator for Metatrader 4 is an easy to use, yet powerful indicator that signals the best trend reversals.
It pops up on the chart in the form of colored bars that appear somewhat above and below the actual candlesticks.
You can apply low risk stop losses below immediate support and resistance.
In order to maximize scalping and day trading profits, it’s best to use this indicator during the London and American trading sessions on the major currency pairs.
We achieved the best results on the EUR/USD, GBP/USD and USD/JPY pair during our 14-day testing period.
Just try this awesome indicator!
Key Points
- A bullish trend reversal occurs when the bars are colored blue.
- A bearish trend reversal occurs when the bars are colored red.
- The indicator can be deployed as a standalone trading system or combined with other indicators.
- Works for any trade style (scalping, day trading, swing trading).
Free Download
Download the “MA HISTOGRAM v 1.10.ex4” MT4 indicator
Indicator Example Chart
The EUR/USD Daily chart below displays the Forex Trend Reversal Signals Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Forex Trend Reversal Signals MT4 indicator are easy to interpret and goes as follows:
Buy Signal: Execute a buy trade order as soon as the trend bars change color from red to blue.
Place a stop loss 2-3 pips below immediate support or apply your own stop loss method.
Apply your own take profit method for buy trades or wait until you receive an opposite trading signal.
Sell Signal: Execute a sell trade order as soon as the trend bars change color from blue to red.
Place a stop loss 2-3 pips above immediate resistance or apply your own stop loss method.
Apply your own take profit method for sell trades or wait until you receive an opposite trading signal.
Download This Forex Indicator
Download the “MA HISTOGRAM v 1.10.ex4” MT4 indicator
Adjustable Parameters & Settings
MA period, MA method, MA applied to, alert, push notifications, email, colors, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Recommended Currency pairs: Any + Gold
Trading Platform: MT4
Time Frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend reversal
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.