The awesome trend reversal for indicator for MT4 provides accurate trend reversal buy and sell signals on the chart that work for any pair.
It uses a combination of volatility and the Alligator indicator to achieve this.
- A green arrow on the MT4 chart represents a buy trend reversal signal.
- A red arrow on the the MT4 chart represents a sell trend reversal signal.
Play with the indicator’s different parameters to change the buy and sell signals output.
This indicator finds trend reversal signals on all time frames and works for fast scalping, day trading and swing trading.
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Awesome Trend Reversal Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With Awesome Trend Reversal Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open buy trade when the Trend Reversal MT4 indicator draws a green arrow on the main chart.
Place a stop loss 1-3 pips below immediate support, or use your own stop loss strategy.
Aim for reward/risk 2:1 ratio or better, or close the trade for a fixed profit target, for example 25 pips on the 5-minute chart.
Sell Trigger: Open sell trade when the Trend Reversal MT4 indicator draws a red arrow on the main chart.
Place a stop loss 1-3 pips above immediate resistance, or use your own stop loss strategy.
Aim for reward/risk 2:1 ratio or better, or close the trade for a fixed profit target, for example 50 pips on the 30-minute chart.
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Jaws period, teeth period, lips period, type MA, levels, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Other trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.