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Home » Shop » Market Reversal Alerts Indicator MT4
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Metatrader 4

Market Reversal Alerts Indicator MT4

$30.00

Vendor: Getforexea.com Store
Install Type

Dll

System

Metatrader 4

Popularity: 3 Sales
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Categories: Metatrader 4, Metatrader 4 Indicators
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Description

Description

Market Reversal Alerts Indicator 5.10 MT4

Profit from market structure changes as price reverses and pulls back.

The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen.

The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a possible exhaustion point. The indicator draws in a rectangle on the last opposite coloured candle. It will then trail the rectangle along with price as it continues to move in it’s current short term trend. Once price weakens enough that it closes back above or below the rectangle this would indicate a potential shift in market structure is taking place. The indicator then alerts you to a potential shift in direction and the start of a possible reversal in trend or major pullback.

See the indicator in action below to see how it works!

Optional dashboard add-on to monitor ALL pairs and timeframes here: https://www.mql5.com/en/market/product/62751

EA available here: Auto trade market reversal alerts! https://www.mql5.com/en/market/product/65383

MT5 version available here: https://www.mql5.com/en/market/product/57892

Features

  • Alerts you to potential changes in market structure at key exhaustion points
  • Automatically draws in short term market structure as price approaches exhaustion levels
  • Trails the alert rectangles behind price as it moves in it’s current trend direction to find the tightest entries
  • Changes colour to a solid block rectangle on alerts to show where potential reversals in market structure have occurred
  • Works on all symbols and timeframes
  • Integrated pop-up, push and email alerts built in
  • Alerts when a re-test of a reversal alert has happened confirming the entry as being more likely
  • Allows you to view higher time frame reversal rectangles on your lower trading time frame. Great for trend traders and identifying higher time frame trend direction
  • Select all reversal alerts or just long or short alerts, select the directional alerts you want based on each pairs current trend direction
  • View higher time frame directional bias arrow on your lower time frame chart.

Strategy & How To Trade With The Market Structure Reversal Indicator

When a reversal alert occurs:

  1. Look left! Is there a supply/demand or support/resistance level that we’re turning at. Market structure shifts (reversals) usually occur when price is retesting an old level or a stop hunt has just happened above that support or resistance level.
  2. Consult a higher time frame to see if there is an area of support/resistance we are turning at. As above changes in market structure will often happen on lower time frames when at major levels on a higher time frame.

If the above conditions are met simply place a trade in the direction of the reversal.

You can add additional indicators as validation or use this indicator to add further validation to your existing indicators or strategy!

Stop Loss and Take Profit

Your stop should always go just above the most recent high or below the most recent low. If the reversal is correctly identifying a shift in market structure price will rarely move back above/below the most recent peak. The size of your stop will be dependent on how aggressive the last move to create the recent high was.

Take profit is up to the individual but using a 1.5:1 or 2:1 risk to reward is easily achievable. Entering 2 trades and having one trail along with price just above/below new rectangles as they are drawn on the chart can achieve 5:1 and higher risk reward.

Download the free demo to use in the strategy tester and see how it works. See how big some of the moves are after the reversal alerts trigger!

Market Reversal Alerts
About Metatrader 4

Trading with MetaTrader 4

A seriously good trader needs a seriously powerful platform – This is the MT4. There’s a reason why the MT4 is considered the most popular platform for online traders. It is rich with features for the more advanced trader, and simple enough for the newer trader to learn. Take advantage of thousands of indicators, 10 timeframes and multiple chart views.

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Delivery & Refunds

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All software offered for download on this website is tested and works *Attaches to chart. It is scanned against viruses and contains no malware, adware, or other malicious code.

Refunds

Get Forex EA does not guarantee the operability of Expert Advisors. We check each Expert Advisor on different accounts and with different brokers, but this does not guarantee that it will work for you. It all depends on many factors and some Expert Advisors are very sensitive to this (for example, ping on the server, spread size or spread type floating, fixed, etc.).

Keep in mind that some Expert Advisors trade cautiously, so be patient. In this regard, no refund is provided. By agreeing to the rules of purchase, you confirm your consent that you will not demand a refund!

If your Expert Advisor does not work, change the settings, broker or VPS server. Some Expert Advisors work only with certain brokers. WE HAVE TESTED ALL OUR ADVISORS BEFORE PUBLISHING ONLINE AT CONTABO.COM VPS SERVER.

If you are still convinced you need a refund because a product is broken. Contact us by email.

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Market Reversal Alerts Indicator MT4

$30.00
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