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Indicators

Reversal Bar - indicator for MetaTrader 5

Vasiliy Smirnov
Vasiliy Smirnov
I write indicators, trading systems MQL4, MQL5.
I trade mainly on the MICEX on medium-term trends.
In forex dream of creating an automated system, immediately bringing a huge profit,
on what and have been working for many years.
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reversalbar.mq5 (2.52 KB) view
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The signal appears in the case of the breakthrough of the High(Low) of the previous bar with bull (bear) direction.

The signal should be interpreted according the current situation.

In some cases it can be interpreted as a reverse signal, for example the red signal can be considered as a good buy opportunity when the trend is bullish.

Reversal Bar indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/69

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