Reversal Scanner MT4
Using a unique algorithm allows the indicator to point at a more desirable trade direction beforehand. The key moments of the algorithm's calculations are best seen on М5 and М15, therefore, in order not to confuse anyone, all other timeframes have been disabled. The indicator displays price reversals on the chart as Buy and Sell arrows. The arrows are not redrawn. The selection of the sensitivity for each pair and broker is performed by the Mode parameter. The indicator works on all currency pairs in trending and flat markets. The calculation algorithm does not use moving averages, as it is based on the principles of Price Action.
New input parameter Threshold to set indicator trigger threshold. Valid values are 0 to 20.
The number of timeframes the indicator works on has been increased - now M1 and M30 are also available.
Mode parameter has been removed. New parameter Shift allows setting the distance between arrows and bar high/low. Valid values are 0 to 50.