MR Reversal Patterns 4

In the "Masters of Risk" trading system, one of the main concepts is related to places where markets change direction. In fact, this is a change in priority and a violation of the trend structure at the extremes of the market, where supposedly there are or would be stop-losses of "smart" participants who are outside the boundaries of the accumulation of volume. For this reason, we call them "Reversal Patterns" - places with a lot of weight for the start of a new and strong trend.

• Through the indicator you can see the changes in the trend structure of the market.

• The indicator shows the key places where the price movement changes its direction.

• The patterns contain accumulated volume in the market.

• The structure of the patterns is similar to the "MW" indicators, but is created from scratch by the author's methodology.

• Reversal pattern 1 - "Change of priority" (“Pereprior” in Russian language) indicates a strong change in trend direction or a tendency. It is characterized by updating the reasonable extremum Low from the uptrend and High from the downtrend.

• Reversal pattern 2 - "Violation of trend structure" (“Slom“ in Russian language) indicates a less pronounced change in trend direction or a tendency. It is also characterized by updating the reasonable extremum Low from the uptrend and High from the downtrend.

• Of the Patterns - "Reversal pattern 1" is more powerful than "Reversal pattern 2" for breaking the tendency of market movements.

• The indicator shows the "Structural levels" at which the price movement in a given direction has been broken. The structural level line continues to the first possible price test point where a breakout has occurred.

• Indicator shows "Stop loss" places. You can see how the "Big" players are hunting for stop losses.

• In combination with the "MR Range Breakouts" indicator, you can see how buyers and sellers are distributed in the "Range". Since every trader waits for confirmation that their market entry is correct, the appearance of "Reversal Patterns" in the "Range" forms the accumulation of the open positions in a place, that we define as a "Point of Control" in the Volume Profile of the Range ". During the movement of the price in a trend, you can see how "Balances" are formed according to the "Auction Market Theory".

• In combination with the "MR Volume POC Levels" indicator, you can track key places where volumes are absorbed and then new volumes appear in the opposite direction.
  

• In combination with the "MR Volume Profile Rectangles" indicator, you can see how the volumes are distributed in the "Reversal Patterns". Volumes in the "Reversal Patterns" structure are like fingerprints.
  

• In combination with the "MR Sentiments by volumes" indicator, you can see when the imbalance of volumes have weight when "Reversal patterns" appear and their combinations between them.

• In combination with the "MR Trend Corrections" indicator, you can track how the price moves in "Impulse" and where the price ends its corrections.

Note:
In the new version of the indicator, we use a formula to determine "Reversal Patterns" based on updating the extremes of the price movement. This gives us several advantages, such as more accurate determination of "Reversal Patterns", smaller stop losses and better entries along the price movement. For people who are used to the old scale of the patterns, you should select a higher time frame in the indicator settings. For example, an old formula for determining "Reversal Patterns" on the H1 time frame displayed patterns that you can now see if you select the H4 time frame in the indicator settings. It takes a little time to get used to the new way of defining "Reversal Patterns", but in time you will appreciate the new advantages!!!

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For MetaTrader 5 https://www.mql5.com/en/market/product/63485