Market / MetaTrader 4 / Indicators /

Reversal Master

79 USD

Demo downloaded: 2 234

Published: 11 November 2015

Current version: 2.9

Reversal Master

4.91

Indicators
Alexey Minkov
Version: 2.9
Updated: 31 August 2023
Activations: 20

The Reversal Master is an indicator for determining the current direction of price movement and reversal points. The indicator will be useful for those who want to see the current market situation better. The indicator can be used as an add-on for ready-made trading systems, or as an independent tool, or to develop your own trading systems.

The Reversal Master indicator, to determine the reversal points, analyzes a lot of conditions since the combined analysis gives a more accurate picture of the market situation. The indicator analyzes Price Action patterns, the volume, and average range of movement of a trading instrument, as well as overbought and oversold levels.

Features of the Reversal Master indicator:

The indicator automatically determines the points of a trend reversal
The indicator is suitable for any instruments: currency pairs, indices, commodities, and binary options
The indicator automatically displays the potential profit for each position (Show Statistic Mode)
The indicator works on any timeframe
The indicator signals can be used for scalping and intraday strategies, as well as for long-term trading
The indicator is suitable for professionals and beginners
The indicator has built-in filters to filter out market noise
The indicator does not repaint its signals: the signal is sent strictly at the close of the bar, does not disappear and is not recalculated
The indicator can be used for developing Expert Advisors (EAs)

Parameters of the Reversal Master indicator:

>>>>>>> MAIN SETTINGS <<<<<<<

Select Indicator Mode - indicator operation mode:

Work Mode-1 - the previous version (v1.5 and lower) operating mode (with a different algorithm for calculating trend reversal points)
Work Mode-2 - the new version (v2.0 and higher) operating mode

Sensitivity (for Mode-1) - sensitivity setting for Mode-1

Show Statistic (for Mode-2) - displaying potential profit for each position for Mode-2

Bars for Count - the number of bars to calculate. If 0, the calculation is made for the entire available history. For weak computers, I recommend limiting this parameter to 5000 bars or less

>>>>>>> ALERT SETTINGS <<<<<<<

Sound Alert – activating the Sound Alert.

Sound File Name – sound file name in WAV format that will be played when a Sound Alert is activated. Must be located in the folder /Terminal/Sounds…

PopUp Alert – activating a Pop-Up message when a signal appears.

Push Notifications - activating Push notifications when a signal appears.

Email Notification - sending an Email message when a signal appears.

>>>>>>> COLOR SETTINGS <<<<<<<

Select Color Theme - selecting the color scheme of the indicator. (Off / Light Theme / Dark Theme)

Custom Colors Settings (if Select Color Theme = Off) - Profit Line Color / Loss Line Color / Profit Line Background Color / Loss Line Background Color

>>>>>>> ARROW SETTINGS <<<<<<<

Draw Arrow - enable the signal arrows indication on the main chart (Off / Arrow Type = 1 / Arrow Type = 2 / Arrow Type = 3)

Arrow Size - Arrow Size = 1 / Arrow Size = 2 / Arrow Size = 3 / Arrow Size = 4

Buy Arrow Color

Sell Arrow Color

Code to use in the Expert Advisor:

int Up = iCustom(Symbol(),Period(),"ReversalMaster",0,1);

int Dn = iCustom(Symbol(),Period(),"ReversalMaster",1,1);

The following values are read from the first (already closed) bar:

Buffer 0 - for Buy Signals

(0) - No Signal

(-1) - Buy Signal

Buffer 1 - for Sell Signals

(0) - No Signal

(1) - Sell Signal

The main task of the indicator is to display the already formed reversal points and not try to take the entire price movement from its very beginning. This algorithm was chosen to minimize the risks of false entries.

Built-in statistics allow us to see the potential profit for each position in history, showing the difference between the entry point and the price extremum formed before the opposite signal appears.

Negative trades are considered simplified when the opposite signal appears. You can fix losses using your own strategy.

Don't forget to upload historical data for the analyzed trading instrument!

Before buying, be sure to test the demo version of the indicator to determine whether it fits your trading style! I will be grateful for your Reviews!

more...

Stanislav PorochencoQwE123!! 2023.04.07 19:07 #

Очень редкие убыточые сигналы! Но и их можно отсеивать. Это ГРААЛЬ.

286

kemdo2000 2023.01.16 11:40 #

I just bought this indicator and so far it is working excellently fine. However, it will work much better if the developer could include something that will indicate change of trend when the trendline is exhausted

260

hamels16 2020.11.28 08:28 #

great support and good indicator!!!!

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69 USD

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Stanislav PorochencoQwE123!! 2023.04.07 19:07 #

Очень редкие убыточые сигналы! Но и их можно отсеивать. Это ГРААЛЬ.

Ahmet altuğ 2023.03.15 21:18 #

Hello alexey, first of all thank you for the indicator, but although it is said that it is not repainted, I witnessed that some arrow signals disappeared when I renewed my chart, what is the reason for this?

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Reply from developer Alexey Minkov 2023.03.16 09:11 #

Hello Ahmet. Thanks for your kind words. In general, of course, questions about the work of the indicator are better to ask me in private messages, not in reviews. The indicator signals for buying and selling are what is in the sub-window (under the price chart) – blue and red vertical levels. These signals do not repaint, don't worry. The specifics of the indicator's work is that it displays the maximum potential profit of the position and, as for the current position, of course it moves following the price and changes its values. The indicator finds the entry point and then moves the value to the maximum for buying (or minimum for selling) price peak. Thus, the indicator displays the maximum potential of the current position. And for the profit taking I recommend using strong levels. I sent you examples in personal messages.

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kemdo2000 2023.01.16 11:40 #

GregTrader1 2022.09.07 20:02 #

Very good indicator

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hamels16 2020.11.28 08:28 #

great support and good indicator!!!!

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Cengiz Erkoyuncu 2020.10.23 08:38 #

Wonderful indicator.

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RDI 2020.10.08 19:35 #

Great Job . Thanks for your effort Alexey!!

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Emrah Oz 2020.10.06 12:52 #

Indicator is very good with my strategy. Combined with a multi time frame trend indicator and my backtests had a very good win loss ratio. Doesnt give so much signals which is good. To get more signals all you need to do is adding more pairs. Im getting around 10 signals a day after adding 12 pairs. And gold is interesting with this indicator. And.. about author, respectful and eager to further developing the indicator. I had a few requests and he wrote the next day that he will make them happen in a few days. So, everything is great until now.

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Wolfgang Rockert 2020.09.26 23:40 #

Very good Indicator, use them with your Strategie ... Clear Buy!!

PRECIZIONE 2020.03.07 17:43 #

The version 2.0 completely changed my look of this indicator! The signals seem much more reliable and the visuals of profit and loss are just great! Great addition would be the ability to see historical profit and loss and also suggestions for TP and TL similarly like in Infinity Trendline PRO. Great work!

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Yohana Parmi 2020.02.16 09:39 #

The day after I learned it, -- I knew how to use this indicator.

If people know how to use it, then more than a thousand people will buy it immediately

-- without having to think too much.

KonradBi 2018.04.03 10:33 #

Great Product

pinijota 2018.01.11 20:20 #

Good indicator, as more volatile is the currency pair better

Version 2.9 2023.08.31

▪ Improvement of the signal filter module

▪ Fix a non-critical issue that in some cases could cause calculations to break down

Version 2.8 2023.06.02

▪ Improvement of internal algorithms of the indicator

Version 2.7 2023.01.17

▪ Improvement of internal algorithms of the indicator

Version 2.6 2022.10.27

▪ Improvements and optimizations in the signal module

▪ Other code improvements

Version 2.5 2020.10.10

▪ Added custom colors to the Settings

▪ Minor improvements in the indicator code

Version 2.4 2020.10.07

▪ Added the signal arrows indication on the main chart

▪ Improvements to the Alert Module

Version 2.3 2020.06.12

A minor fix in the indicator code

Version 2.2 2020.05.21

* Added the ability to select the operating mode: the new (v2.0 and higher), and the previous operating mode with a different algorithm for calculating trend reversal points

Version 2.1 2020.04.27

Optimization of internal algorithms

Version 2.0 2020.04.22

A full update of the indicator

Version 1.4 2016.08.03

* Added e-mail notifications

// EmailNotifications = true/false

Version 1.2 2016.07.28

* Improved compatibility with the new build
* Modification of calculation algorithm

Version 1.1 2015.11.18

Added:
- The additional filtration of signals.
- Push-notifications (Optional).

Description quality and completeness
Reliability and usability
User support