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  • Reviews (2)
  • Comments (35)
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Reversal

Reversal Informer

  • If it would be just a classic candlestick pattern, it would generate much more false signals.
  • The most important filter is the candle itself. The strengths of the candle is adjustable!
  • All important ratios of the candle are adjustable, the wicks will be ignored.
  • The ratio calculation for the candle is based on the ATR-value (default is 20 and adjustable).
  • The confirmation candle needs at least a value of X% of ATR20-value (ATR20-value from current timeframe)

If you like to set a trend filter (MA, Kijun-sen), choose the value and the direction => with or against the trend => signals in both directions are possible.

When the confirmation candle reaches its value, it will not disappear (no repaint).


Advantages

  • based on classic candle pattern
  • no repaint
  • test mode
    • use a second indicator and set test_mode true, it will move the arrows and change the colors, which is perfect to compare different settings
  • no crossover signal
  • signal after close ± X pips
  • inverse trend option
  • reversal candle is adjustable
  • switch confirmation candle on, off
  • all Timeframes
  • all instruments
  • 3 different moving averages and Kijun-sen as trend filter


Alerts

  • 2 alert sessions (from - to)
  • alert
  • arrows
  • send email
  • screenshot
  • push notification


Inputs

  • Bars to process - the number of bars of the chart you want to be analyzed (60 to 1000 is recommended).
  • Alert - activates the pop-up alerts.
  • Email - if true, it shows the selected info in header.
  • Notification - if true, it sends the alert to the MetaTrader 4 APP of your smartphone.
  • Screenshot - if true, it sends the alert with a screenshot to ...\MetaTrader 4\MQL4\Files.
  • show Arrows - if true, it shows the chosen arrows only.
  • show History Arrows / only "Live-Setting" - if true, there is no history arrow, only the first upcoming arrow of the trend direction will appear and stay, as long as the timeframe and instrument will not be changed.
  • Kijun-sen Filter - if true, the Kijun-sen from Ichimoku gets involved as a trend filter.
  • Trend MA, MA II, MA III - signals will come in trend direction of the MAs only, an opportunity to filter Reversal Patterns from corrections.
  • inverse Trend - shows the signal against the trend as a real Reverse Signal, only if a Trend MA is set up. (Signal with the trend are often much better.)
  • Trend - predefined trend values (8, 13, 36 SMA).
  • Trade-Session A / B - define time slots for signals.
  • Candle-Properties in relation to ATR - define the signal candle in ratios to the ATR in %.
  • plus ATR-Value in % to fill the signal - to get the signal, the price needs to run a certain value after the reversal pattern.
  • Arrow Style - choose a arrow style = thin, cross, normal, hollow, Thumbs, Triangle.
  • Arrow Position - default is 0.6. Nice to have if you compare settings with a second/third indicator.
  • send short Comment - add personal comments to your signals in Alert, Notification, Email.
  • Email Header - change the email header for your personal needs.
  • Picture height - default is 720, if Screenshot=true.
  • Picture width - default is 1280, if Screenshot=true.
  • Picture short Comment - if you like to give your filename an additional information.
  • use confirmation-candle - without the confirmation candle, it is not a reversal pattern anymore. (The original Pattern requires the confirmation candle.)
  • Test Mode - compare settings and use a second Reversal Indicator in the same chart and activate "Test Mode".


Important rules

  • Look for an instrument with an obvious upcoming movement in a clear direction on a higher timeframe.
  • Entry right after a signal
  • Exit example: major Fibonacci and dynamic support/resistance lines. Use the same to move your stop and for taking first profits.
  • If the trade still runs, ignore further arrows.
  • SL example: below/above the second higher/lower candle.


Recommendations

  • I only go for a clear trend on the higher timeframe
  • I stay out before high-impact news hit the market
  • Always on my mind, major Support and Resistance
  • No trade without money management, please calculate your risk, trade smart
  • There is no guarantee of success as in any trading business / in my examples above
217819606
343
217819606 2015.01.28 19:41 
 

Hi,

Bought your indi yesterday. Playing with the setting today.trying it on binary options .So far so good. It would great to make setting more tidy it is all over the place .If you coiuld make it simple I mean really simple that would be great for non traders amatuers...) Otherwise good work keep it up

Jean-Sebastien Laurent
4205
Jean-Sebastien Laurent 2014.12.08 19:23 
 

Thank you to Claus, for this professional indicator, an indicator did seriously and well though. Some tools in the reversal indicator to use it easily with a .pdf given by the author.

Signals are almost accurate and the possibilities to modify it with trend or not are possible. Too, support from Claus, is top ! :)

Version 18.5 2018.05.31
new / expanded functions
====================
second price for the Trendfilter I
changed some options to drop-down menus
ready Trendfilter (same settings like "Reversal Trend" Indicator)
Version 16.2 2016.02.29
Trend - function added
- appears only within the trend
Version 15.8 2015.08.28
additional Price Info in:

- Alert
- Email
- Notification
- Screenshot

Bid and Ask of the signal will be send now
Version 15.4 2015.04.20
Version 15.4 - 2015.04.20
What's new:

- Removed pivot-filter-funktion because it does not work in live conditions
- confirm-candle: on / off - switch
WARNING: without the confirm-candle, it is not a reversal pattern anymore!
Version 14.2 2014.12.02
What's new:
- should work with all brokers
- indicator runs on all timeframes without stopping
- signal sessions can be adjusted with hours and minutes
- two additional, adjustable moving averages as trend filters
- infos are disabled and come in a separate indicator, see my homepage