N Bar Reversal Detector Indicator MT5
N Bar Reversal Detector Indicator for MT5
The N Bar Reversal Detector Indicator for MT5 is built to spot and highlight market pivot areas with precision. By examining price movements over a user-defined number of candles (N), it identifies potential reversal zones and generates buy or sell trade alerts accordingly.
«Indicator Installation & User Guide»
Specifications Table for the N Bar Reversal Detector Indicator
Below is a quick overview of this indicator’s specifications:
Category | Trading Utility – Signal & Forecast – Fractal Pivot Zone |
Platform | MetaTrader 5 |
Skill Level | Beginner |
Indicator Type | Reversal – Continuation |
Timeframe | Multi-timeframe |
Trading Style | Scalping – Day Trading – Swing Trading |
Market Compatibility | Suitable for all markets |
Overview of the N Bar Reversal Detector
This indicator visually marks reversal areas using color-coded boxes and places arrow icons to signal trade entries. It also draws a horizontal guide line extending from each reversal box to indicate how long the signal remains valid.
Bullish Signal Example
On the 30-minute Binance Coin (BNB) chart, a green box outlines the pivot zone where a reversal is anticipated. The tool confirms a potential long setup by placing a green upward arrow at the entry point.
Bearish Signal Example
In the 1-hour GBP/USD chart, a red box appears over the detected reversal zone. A downward-facing red arrow then marks the suggested entry position for a sell trade.
Adjustable Settings of the N Bar Reversal Detector
- REVERSAL_PERIOD – Number of candles to evaluate for reversal identification
- ALERT – Turns on in-platform alert messages
- EMAIL – Sends trade alerts via email
- NOTIFICATION – Enables push notifications
- SIGNAL_TIMEOUT – Sets how long a signal remains active
- BULLISH_COLOR – Color choice for bullish reversal areas
- BEARISH_COLOR – Color choice for bearish reversal areas
- HISTORY_LIMIT – Maximum historical candles displayed with signals
Conclusion
The N Bar Reversal Detector Indicator for MT5 is an effective market analysis tool for pinpointing potential turning points based on candle sequence patterns. Its combination of visual pivot markers, signal arrows, and flexible input settings allows traders to adapt it to different strategies and improve timing on entries and exits.