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MT4 Extreme Reversal H4

This is an Meta Trader 4 version of the indicator!

This arrow indicator searches for possible market reversals and correction movements on timeframes H4 and D1.

It is based on Forex market regularities, accurate detection of current extremum and detection of candlestick patterns on market highs and lows.

The universal algorithm helps identify reversal points and draws arrows indicating where to enter the market.

The indicator is very easy to set up! Attach to the desired symbol chart and watch for a signal!


The indicator is configured for H4 and D1 timeframes. It has no limitations on currency pairs, indices, futures, stocks, etc.

Meta Trader 5 version: https://www.mql5.com/en/market/product/16948

Input Parameters

  • Indicator Counted Limit - number of bars which the indicator will use for calculation
  • Show Indicator Info - show/hide information about the currency pair
  • Info Corner - Don't show info, Left upper, Right upper, Left lower, Right lower
  • Color Of Information - where to show information
  • Font Type - font type
  • Font Size
  • Use Alert - enable alerts
  • Use E-mail Notification - allow alerting by email
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