Market / MetaTrader 4 / Indicators /

Reversal Trend

79 USD

Demo downloaded: 373

Published: 1 April 2016

Current version: 22.3

Reversal Trend

Indicators
Claus Dietrich
Version: 22.3
Updated: 25 February 2022
Activations: 10

Arrows appear after Reversal-Pattern and when the confirmation-candle reaches its value, it won't disappear (no repaint).

but with fix settings
no additional settings necessary

Entry: immediately after arrow
Stop loss: a few pips above the high of the arrow - candle / below the low of the arrow - candle
Take Profit: at least the next candle / move to break even after candle closed / trail the SL
works on: Major Forex-pairs / M15 and higher time-frames

The Value of the confirmation-candle => 20% of ATR20 from current time-frame;

Input parameters

Bars to process - the number of periods of the chart, that are involved, if you use a M15 chart, one day only - 200 should be enough

Time-Filter - (Broker-Time)
Hour to Start - select working-hours, let's get Reversal-Patterns to the right time, avoid weak trading hours, like the Asian session
Hour to End - select the end of working-hours

Alert - to get the alert on your screen
Email - "Tools, Options, Email" has to be enabled
Push Notification - for alerts on your Smartphone - APP

brief Comment = "example" - change "example" in what you like, it will come with the alert as additional info
Email Header = "MT4 Reversal Trend Activity" - change in what you like, it will come with the alert as Header

Trend - Settings

custom Settings - use the three moving averages for the trend-direction, the arrows will appear in trend-direction only
custom Settings inverse - arrows against the trend only, looking for real trend-changes
pre-defined Trend 8, 13, 36 ema - example-settings

MA I / MA II / MA III - for custom Settings
MA Mode I / MA Mode II / MA Mode III - for custom Settings

include Engulfing Pattern - instead of the reversal pattern, an engulfing pattern is used, the confirmation candle continues to hold

Momentum - Momentum off | medium Momentum | strong Momentum

the Reversal-Trend-Indicator comes with medium Momentum-settings, these settings show good results, but if you want all signals without any Momentum or maybe you are lookíng for a Reversal-Pattern with stronger Momentum - you've got the choice

Reversal-Pattern plus ATR in % = 20 - this is the ATR value - the price that has to move until the arrow or alert follows

Arrow Style - a various of arrow-styles, also Smiley, Envelope, Phone
- no joke, if you set up the Reversal-Trend-Indicator for Email-Info only, mark ist with an Envelope-Symbole in the chart, and the same for a Push-Notification only with a Phone-Symbole
Arrow Position - distance between candle and arrow

Nevertheless, there is always a risk, the pattern is just a chance of a reverse, only a chance, please do not forget this, at least watch the upper time-frames, the last 10 arrows of replicability, and calculate your risk carefully.

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Version 22.3 2022.02.25

📌 added -include Engulfing Pattern-
✔️ instead of the reversal pattern, an engulfing pattern is used, the confirmation candle continues to hold

Version 22.2 2022.01.30

✔️ the Reversal-Trend-Indicator comes with medium Momentum-settings, these settings show good results, but if you want all signals without any Momentum or maybe you are lookíng for a Reversal-Pattern with stronger Momentum - you've got the choice now

Version 22.1 2022.01.29

🕗 added Time-filter
◽ select working-hours
◽ let's get Reversal-Patterns to the right time, avoid weak trading hours, like the Asian session

✔️ added additional arrow styles
✔️ added time zones menu: time zones can now be displayed horizontally and vertically
😀 optimized menu view

Version 20.7 2020.07.05

trend menu set, no fixed trend anymore
- custom Settings
- inverse Trend
- trend 8, 13, 36 ema
code revised

Description quality and completeness
Reliability and usability
User support