Reversal Master for MT5
- Indicators
- Alexey Minkov
- Version: 1.0
- Activations: 10
Reversal Master for MT5
Short Description
Reversal Master for MT5 helps traders detect potential market reversal points and visualize the maximum favorable price movement after each historical signal. It also includes a built-in statistics panel for evaluating the overall point potential of the selected symbol and settings, helping traders better understand market direction changes directly on the chart.
Launch Promotion:
Introductory price: 69 USD - limited time only.
Regular price: 99 USD.
The price will be gradually increased until it reaches the regular price.
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Overview
Reversal Master for MT5 is the MetaTrader 5 version of the original Reversal Master indicator, created in response to requests from users of the original MetaTrader 4 version.
It keeps the familiar reversal detection logic of the MT4 version while adding improved visualization, historical signal statistics, point-based summary analysis, and flexible display settings on the MT5 platform.
Link to the MT4 version: https://www.mql5.com/en/market/product/12736
Reversal Master for MT5 helps traders identify potential market direction changes directly on the chart. It can be used for visual reversal analysis, historical signal evaluation, and as an additional confirmation tool within an existing trading system.
The indicator not only displays reversal arrows, but can also show how far the market moved after each historical signal before the next opposite signal appeared. This helps traders better understand the historical potential of the selected symbol, timeframe, and indicator settings.
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Key Features
- Automatically detects potential trend reversal points.
- Works on any symbol: Forex pairs, indices, commodities, crypto, metals, and other MT5 instruments.
- Works on any timeframe - suitable for scalping, intraday, swing, and position trading.
- Non-repainting arrows: signals are fixed after the bar is closed and do not disappear or move.
- Includes two operation modes: Mode 1 Classic and Mode 2 Advanced.
- Mode 1 Classic keeps the legacy signal logic from the first MT4 versions.
- Mode 2 Advanced is the recommended mode and includes BUY Max / SELL Max statistics, Max Potential calculation, and the points summary panel.
- Shows the maximum potential movement after each historical signal in Mode 2 Advanced.
- Built-in points summary panel with Max Potential, Negative, and Total point statistics.
- Buy/Sell signal counter with a visual donut chart in Mode 2 Advanced.
- Summary donut chart for quick visual analysis of positive and negative historical point values in Mode 2 Advanced.
- Flexible statistics label display: full text, short text, numbers only, or hidden labels.
- Built-in filters help reduce market noise and filter weak reversal attempts.
- External buffers are available for use in Expert Advisors.
- Suitable for both beginners and experienced traders.
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Built-in Points Summary Panel
The points summary panel is available in Mode 2 Advanced and gives a quick overview of the historical signal potential for the current chart.
The panel can show:
- Symbol - current trading instrument.
- Bars - total number of bars available on the current chart.
- Calc - number of bars actually calculated by the indicator.
- Signals - total number of detected historical signals.
- Buy / Sell - number of Buy and Sell signals.
- Max Potential - sum of all positive BUY Max and SELL Max values from historical signals.
- Negative - total negative result from signals that did not move favorably before the next opposite signal.
- Total - overall point balance based on historical signal statistics.
- Summary donut - visual ratio of positive and negative point values.
- Buy/Sell donut - visual ratio of Buy and Sell signals.
This panel helps traders quickly evaluate whether the selected market, timeframe, and settings had strong historical movement potential.
Important: the panel is designed for Mode 2 Advanced. It does not represent guaranteed profit or a real trading report. It shows historical statistical potential based on the maximum favorable price movement after signals.
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How the Statistics Work
When a signal appears, the indicator checks how far the price moved in the signal direction before the next opposite signal appeared.
Examples:
- BUY Max +437
- SELL Max +791
The Max value represents the maximum favorable price movement from the signal price to the most favorable price level reached before the next opposite signal.
- For a Buy signal, BUY Max measures the distance from the signal price to the highest price reached before the next Sell signal.
- For a Sell signal, SELL Max measures the distance from the signal price to the lowest price reached before the next Buy signal.
This makes it possible to see the historical movement potential after each signal directly on the chart.
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Important Note About Max Values
The Max value is provided for statistical and visual analysis only.
It shows the best historical price movement that was available after a signal under ideal conditions. In real trading, it is almost impossible to exit exactly at the highest or lowest point of every movement.
Therefore, these values should not be treated as:
- guaranteed profit;
- direct trade recommendation;
- exact exit level;
- backtest result;
- real trading performance;
- promise of future performance.
They are designed to help traders understand the historical potential of signals and evaluate how the market reacted after previous reversal points.
In real trading, exits can be managed using:
- support and resistance levels;
- partial profit taking;
- trailing stop;
- fixed take profit;
- stop loss;
- opposite signal exit;
- manual exit rules;
- your own trading strategy.
If the price does not move in the signal direction before the opposite signal appears, the statistic may show a negative value.
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How the Points Summary Should Be Interpreted
The points summary panel helps answer questions such as:
- How many signals appeared within the selected historical range?
- Did the market provide strong movement after the signals?
- Was the Max Potential larger than the negative value?
- Were Buy or Sell signals more frequent?
- Do this symbol and timeframe look suitable for reversal trading?
- Do the current settings provide clean and meaningful reversal points?
For example, if the panel shows a large positive Total value, it means that historical signals were followed by significant favorable price movements. However, this still does not mean that all of that movement could have been captured in real trading.
The statistics should be used as an analytical tool, not as a guarantee.
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Use Cases
Reversal Master for MT5 can be used as:
- a standalone reversal analysis tool;
- an add-on to your existing trading system;
- a visual market direction change detector;
- a historical signal potential analyzer;
- a tool for comparing different symbols and timeframes;
- a base for building manual or automated strategies.
By combining several built-in algorithms for market analysis, the indicator helps reduce market noise, filter weak reversal attempts, and provide a clearer view of possible trend changes.
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Reversal Master for MT5 Parameters
Main Settings
- Choose Indicator Mode - operation mode of the indicator.
- Mode 1 Classic - legacy mode based on the logic of the first versions of Reversal Master for MT4. This mode keeps the classic signal logic and does not use the built-in statistics module or the points summary panel.
- Mode 2 Advanced - newer mode based on the logic of the latest version of Reversal Master for MT4. This mode is recommended and includes BUY Max / SELL Max statistics, Max Potential calculation, and the points summary panel.
- Sensitivity for Mode 1 - sensitivity setting for Mode 1 Classic.
- Use Auto Sensitivity for Mode 2 - enables automatic sensitivity selection for Mode 2 Advanced.
- Sensitivity for Mode 2 - manual sensitivity value for Mode 2 Advanced when Auto Sensitivity is disabled.
- Show Statistic for Mode 2 - shows the maximum potential movement values after each historical signal.
- Statistic Label Mode - controls how statistic labels are displayed on the chart in Mode 2 Advanced:
- Full Text: BUY Max +437
- Short Text: B +437
- Numbers Only: +437
- Off: hide statistic labels
- Bars for Count - number of bars used for calculation and statistics:
- 0 = use all available history.
- Lower values are recommended for slower PCs or very large historical data.
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Alert Settings
- Sound Alert - enable or disable sound alerts.
- Sound File Name - WAV file name for sound alerts located in the /Terminal/Sounds folder.
- Popup Alert - on-screen pop-up alert when a new signal appears.
- Push Notifications - sends push notifications to the mobile terminal. Requires additional setup in the terminal.
- Email Notification - sends email notifications when a new signal appears. Requires additional setup in the terminal.
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Color Settings
- Select Color Theme - Off / Light Theme / Dark Theme.
- Custom Colors Settings - available when the color theme is set to Off.
Custom color settings allow you to customize:
- profit line colors;
- loss line colors;
- statistic label colors;
- panel background colors;
- visual elements of the indicator.
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Arrow Settings
- Draw Arrow - show or hide signal arrows on the main chart:
- Off
- Arrow Type 1
- Arrow Type 2
- Arrow Type 3
- Arrow Size - arrow size from 1 to 4.
- Buy Arrow Color - color of Buy arrows.
- Sell Arrow Color - color of Sell arrows.
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Panel Settings
- Show Info Panel - show or hide the information panel on the chart.
- Panel Start Collapsed - start the panel in collapsed mode.
- Remember Panel State - remember the last expanded/collapsed panel state.
- Panel X - initial horizontal panel coordinate in pixels.
- Panel Y - initial vertical panel coordinate in pixels.
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External Buffers for Expert Advisors
The indicator provides external buffers that can be used in Expert Advisors.
Buffer 0 - Buy Signals
- 0 = no Buy signal
- -1 = Buy signal
Buffer 1 - Sell Signals
- 0 = no Sell signal
- 1 = Sell signal
For automated trading, it is recommended to read signals from closed bars only, for example shift 1, to avoid processing incomplete signals on the current forming bar.
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Logic and Expectations
The main purpose of Reversal Master for MT5 is not to catch every market movement from the very first tick.
The indicator is designed to show potential reversal points only after market conditions indicate a possible direction change. This approach may help reduce the number of false entries and make the signal logic more stable.
The arrows are the main signal markers. They do not repaint after the signal bar is closed.
The statistic labels and the points summary panel show the maximum historical movement potential after signals. They are intended for visual analysis and historical evaluation, not as guaranteed exit points.
For statistical display, losing signals are assumed to be closed at the opposite signal. In real trading, losses can be managed using your own risk management rules, stop loss, trailing stop, manual exit, or any other exit method.
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Please Remember
- Load enough historical data for the instrument you analyze.
- Before buying, download and test the demo version to check whether the indicator fits your trading style.
- No indicator can guarantee profit or predict the market with 100% accuracy.
- Historical statistics do not guarantee future results.
- The Max values show theoretical historical potential under ideal conditions.
- Real trading results depend on entry rules, exit rules, spread, execution, risk management, and market conditions.
- Reviews on the Market are very welcome - they help other traders and support further development.
