Looking for key reversal bar ( not candlesticks) indicator

[Ravi krishna]

Hi,

I am looking for a key reversal bar indicator to put on my MT4 application. Essentially, I am looking for any existing indicator that can spot key reversal like "a bar during a down trend makes a new low but closes at high" for the period. Please comment if you know any existing indicator or anyone who's willing to develop one.

Regards 

[VICTOR ANGEL VARGAS VARGAS]

  You understand that what your asking for is very complex. These "bars" such as hammers, indicision candles and/or exhaustion candles print out all over the charts. I would recommend you learn support and resistance levels or pivot points, and then look for reversal patterns, divergence etc... 

  I have been trading for over 5 years and have a REALLY good track record. S & R is key. I wouldn't depend to much on indicators from my own personal experience since they are normally lagging indicators. Please if you have any other questions, feel free to send me a message. 

[Sergey Golubev]

It may be similar for what you are looking for -

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• VR Engulfing Pattern - indicator for MetaTrader 4
• Engulfing - expert for MetaTrader 4
• Bullish and Bearish Engulfing - expert for MetaTrader 5
• Key_Reversal - indicator for MetaTrader 5
• more in search here and here.