The Forex Reversal Indicator With Signals for Metatrader 4 delivers laser-sharp buy & sell trend reversal signals for any currency pair.
The indicator appears as red and blue colored arrows together with rectangles in the main chart window.
- A blue colored arrow is a buy signal.
- A red colored arrows is a sell signal.
The indicator can be used as a standalone trading system.
General Information
- Identifies trend reversals
- Works out of the box
- Beginner friendly indicator
- Developed for Metatrader 4
Free Download
Download the laser-forex-reversal-indicator.ex4 indicator file (MT4)
Indicator Chart Example
The picture below shows the Forex Reversal Indicator With Signals indicator attached to the British Pound / U.S. Dollar M30 chart.
How to use this Forex indicator?
This Forex indicator can be used in multiple ways, find an example below:
Buy Signal:
- A buy signal is given when the blue arrow appears on the chart.
- Place your stop loss below the most recent swing low.
- Exit the buy trade for a fixed profit target or wait for a red “sell” arrow.
Sell Signal:
- A sell signal is given when the red arrow appears on the chart.
- Place your stop loss above the most recent swing high.
- Exit the sell trade for a fixed profit target or wait for a blue “buy” arrow.
How to install the Forex Reversal Indicator With Signals indicator to the Metatrader 4 platform?
- Download the laser-forex-reversal-indicator.ex4 indicator file here and save it to your computer
- Open your Metatrader 4 platform
- Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
- Click on “MQL4” and open the “Indicators” folder
- Paste the indicator file in this folder
- Restart Metatrader 4 and you’re ready to start using the indicator
How to edit the indicator?
- Attach the indicator to any trading chart of your preference
- Right click in the chart and select “Indicators List” from the drop down menu
- Select the indicator from the list and click on “Edit”
- Now you can start editing the indicator (Inputs, Colors and Visualization)
- Final step, click on the “OK” button to save the new configuration
