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Price Rejection and Reversal Signals MT4

5

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Buy And Sell Signal Arrows On The Chart When The Price Is About To Reverse.

Also Sends Alerts –

  • On MT4
  • To Your Phone
  • To Your Email.

  • Does not repaint.

  • Works on any pair, any timeframe.  (Just ajust the settings for your pair and timeframe.)

  • 10 Activations allowed so you are free from limitations

MT5 version here.  

Spreads from 0.1pip RAW/ECN Accounts, click here.

Check out my Waka Esque EA signal here: >> High Risk Settings or Medium Risk Settings.

What is Price Rejection and Reversal and why is it important to you?

If price shows certain signs of rejection e.g. a large wick, this often means that it will then reverse and continue in the opposite direction from the wick.

Price then normally will go to previous structure (support or resistance) and you can use those as your targets for Take Profits.

The Price Rejection and Reversal Signals Indicator tells you when the price is about to reverse. Using Price Rejection should be a part of every Trader’s strategy.


Works very well in conjunction with the Trend Continuation Alerts Indicator and the Consolidation Breakout Indicator.


Obviously, any indicator will not predict all reversals all the time – the markets are unpredictable – otherwise we would all be successful all the time.

This is still Forex and you will not win every trade. Practice on Demo before trading with live money and always use good money management.

I recommend that you only take a trade if there is a minimum Reward to Risk Ratio of 2:1 available. Personally, I only take trades of 3:1 or more.

You could also "filter" your trades using higher timeframe trend, or using an exponential moving average e.g. 100EMA


Please feel free to message me if you have any questions. 


SETTINGS:

 - Please make sure you adjust the settings for the timeframe and pair you are trading.

 -  Let me know if you need any help.


MinWickSize

This sets the minimum size of the "rejection" wicks in relation to the candles' body length. For price rejection, you want big wicks.
0.5 would mean the wick can be half of the size of the candle body. The lower the value, more signals, but less accurate.

    MaxSignalCandleWickSize

    This sets the maximum wick size of the signal candle in relation to the candle's body length.
    Remember, this candle is in the direction of the trade you will take, so you want the opposite to a rejection i.e. a small wick.
    0.5 would mean the wick can be half of the size of the candle body. The higher the value, more signals, but less accurate.

      MinSR_Range

      This sets the minimum range of the candles doing the rejection. A larger setting here stops you getting signals from tiny candles where there is not any real rejection or price movement.

        MinSignalBreakoutPips

        Minimum number of pips you want the signal candle to break above or below the temporary structure on the opposite side from the rejection to get a signal on the chart.

          TimeOfTheDay(from hour)

          The hour you want the Indicator to start each day.

            TimeOfTheDay(from mins)

            The number of minutes past the hour you want the Indicator to start each day.

              TimeOfTheDay(to hour)

              The hour you want the Indicator to stop each day.

                TimeOfTheDay(to min)

                The number of minutes past the hour you want the Indicator to stop each day.

                  Send_Email

                  Sends an alert to your email (if you have set this up in MT4).

                    Audible_Alerts

                    Gives a sound alert and pop-up message in MT4.

                      Push_Notifications

                      Sends an alert to your phone (if you have set this up in MT4).







                        Bewertungen 1
                        Aravind Kolanupaka
                        8900
                        Aravind Kolanupaka 2023.11.13 02:31 
                         

                        Good indicator

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                        DERZEIT 31% RABATT! Die beste Lösung für jeden Newbie oder Expert Trader! Dieser Indikator ist ein einzigartiges, qualitativ hochwertiges und erschwingliches Handelsinstrument, da wir eine Reihe von proprietären Funktionen und eine geheime Formel eingebaut haben. Mit nur EINEM Chart liefert er Alerts für alle 28 Währungspaare. Stellen Sie sich vor, wie sich Ihr Handel verbessern wird, weil Sie in der Lage sind, den genauen Auslösepunkt eines neuen Trends oder einer Scalping-Gelegenheit zu e
                        Wir stellen vor       Quantum Trend Sniper Indicator   , der bahnbrechende MQL5-Indikator, der die Art und Weise, wie Sie Trendumkehrungen erkennen und handeln, verändert! Entwickelt von einem Team erfahrener Händler mit über 13 Jahren Handelserfahrung,       Quantum Trend Sniper-Indikator       wurde entwickelt, um Ihre Trading-Reise mit seiner innovativen Methode zur Identifizierung von Trendumkehrungen mit extrem hoher Genauigkeit auf ein neues Niveau zu heben. ***Kaufe Quantum Trend Snipe
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                        STE S.S.COMPANY
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                        Stefano Frisetti
                        5 (3)
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                        Pavel Zamoshnikov
                        4.85 (13)
                        The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
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                        Erhalten Sie Ihr tägliches Marktupdate mit Details und Screenshots über unser Morning Briefing hier auf mql5 und auf Telegram ! FX Volume ist der ERSTE und EINZIGE Volumenindikator, der einen ECHTEN Einblick in die Marktstimmung aus Sicht eines Brokers bietet. Es bietet fantastische Einblicke in die Positionierung von institutionellen Marktteilnehmern, wie z.B. Brokern, auf dem Forex-Markt, viel schneller als COT-Berichte. Diese Informationen direkt auf Ihrem Chart zu sehen, ist der wahre Game
                        Entdecken Sie das Geheimnis des erfolgreichen Forex -Handels mit unserem benutzerdefinierten MT4 -Indikator! Haben Sie sich jemals gefragt, wie Sie Erfolg auf dem Forex -Markt erzielen können und gleichzeitig Gewinne erzielen und gleichzeitig das Risiko minimieren können? Hier ist die Antwort, nach der Sie gesucht haben! Erlauben Sie uns, unseren proprietären MT4 -Indikator vorzustellen, der Ihren Handelsansatz revolutionieren wird. Einzigartige Vielseitigkeit Unser Indikator ist speziell
                        ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure, 
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                        Introductory Offer!  *** Only $47 - normal price $97 !! *** Ends soon - don't miis it!! The Close Above or Below Price Indicator is part of my suite of Price and Trendline Alerts Indicators. I'm excited to introduce the  Close Above or Below Price Indicator  – part of my new suite of Price and Trendline Alert Indicators – fantastic tools designed to alert you when candles close above or below significant prices in the markets you trade. With this indicator, you can set up to 4 price alerts on a
                        Auswahl:
                        Aravind Kolanupaka
                        8900
                        Aravind Kolanupaka 2023.11.13 02:31 
                         

                        Good indicator

                        Christopher Graham Parish
                        2647
                        Antwort vom Entwickler Christopher Graham Parish 2023.11.13 08:27
                        Thank you Aravind
                        Antwort auf eine Rezension
                        Version 1.1 2022.05.18
                        Minor bug fixed in Alert delay