The trend reversal arrows Forex indicator for MT4 provides great buy and sell signals based on 2-bar reversal points in the existing trend.
- A blue arrow represents a buy reversal signal. In this case, the indicator expects the trend will reverse from bearish to bullish.
- A red arrow represents a sell reversal signal. In this case, the indicator expects the trend will reverse from bullish to bearish.
This trend reversal arrows Forex indicator suits beginners and seasoned traders alike.
Deploy it for scalping, day trading and shorter-term swing trading purposes.
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Trend Reversal Arrows Indicator Chart
Here’s an example of how the Trend Reversal Arrows 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 Trend Reversal Arrows Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Initiate a buy reversal trade when the indicator paints a blue buy arrow on the chart.
A stop loss can be placed slightly below the previous swing low support, or use your own stop loss strategy.
Exit the buy trade when an opposite sell reversal signal appears on the MT4 chart, or exit the buy trade at a fixed profit target of 1:1 reward:risk or better.
Sell Trigger: Initiate a sell reversal trade when the indicator paints a blue buy arrow on the chart.
A stop loss can be placed slightly above the previous swing high resistance, or use your own stop loss strategy.
Exit the sell trade when an opposite buy reversal signal appears on the MT4 chart, or exit the sell trade at a fixed profit target of 1:1 reward:risk or better.
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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,…)
- Trend indicators (200 period 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 reversal
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.