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Reversal Trend

Arrows appear after Reversal-Pattern and when the confirmation-candle reaches its value, it won't disappear (no repaint).

  • but with fix settings
  • no additional settings necessary
  • Entry: immediately after arrow
  • Stop loss: a few pips above the high of the arrow - candle / below the low of the arrow - candle
  • Take Profit: at least the next candle / move to break even after candle closed / trail the SL
  • works on: Major Forex-pairs / M15 and higher time-frames

The Value of the  confirmation-candle => 20% of ATR20 from current time-frame;


Input parameters

  • Bars to process - the number of periods of the chart, that are involved, if you use a M15 chart, one day only - 200 should be enough
  • Time-Filter - (Broker-Time)
  • Hour to Start - select working-hours, let's get Reversal-Patterns to the right time, avoid weak trading hours, like the Asian session
  • Hour to Endselect the end of working-hours
  • Alert - to get the alert on your screen
  • Email - "Tools, Options, Email" has to be enabled
  • Push Notification - for alerts on your Smartphone - APP
    • brief Comment = "example" - change "example" in what you like, it will come with the alert as additional info
    • Email Header = "MT4 Reversal Trend Activity" - change in what you like, it will come with the alert as Header
  • Trend - Settings
    • custom Settingsuse the three moving averages for the trend-direction, the arrows will appear in trend-direction only
    • custom Settings inversearrows against the trend only, looking for real trend-changes
    • pre-defined Trend   8, 13, 36 ema - example-settings
  • MA I / MA II / MA III - for  custom Settings
  • MA Mode I / MA Mode II / MA Mode III  - for  custom Settings
  • include Engulfing Patterninstead of the reversal pattern, an engulfing pattern is used, the confirmation candle continues to hold
  • Momentum - Momentum off  |  medium Momentum  |  strong Momentum
    • the Reversal-Trend-Indicator comes with medium Momentum-settings, these settings show good results, but if you want all signals without any Momentum or maybe you are lookíng for a Reversal-Pattern with stronger Momentum - you've got the choice
  • Reversal-Pattern plus ATR in % = 20 - this is the ATR value - the price that has to move until the arrow or alert follows
  • Arrow Style - a various of arrow-styles, also Smiley, Envelope, Phone
    • no joke, if you set up the Reversal-Trend-Indicator for Email-Info only, mark ist with an Envelope-Symbole in the chart, and the same for a Push-Notification only with a Phone-Symbole
  • Arrow Position - distance between candle and arrow

Nevertheless, there is always a risk, the pattern is just a chance of a reverse, only a chance, please do not forget this, at least watch the upper time-frames, the last 10 arrows of replicability, and calculate your risk carefully.


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Version 24.4 2024.04.16
🕗 filter by => Minutes
🕗 filter by => Weekdays
📌 added pre-setting => 6, 144 ssma
✔️ bug fixed => „Confirmation Candle" will be calculated correctly now
✔️ bug fixed => timeframe correction - signals will appear now in W1 as well
Version 22.3 2022.02.25
📌 added -include Engulfing Pattern-
✔️ instead of the reversal pattern, an engulfing pattern is used, the confirmation candle continues to hold
Version 22.2 2022.01.30
✔️ the Reversal-Trend-Indicator comes with medium Momentum-settings, these settings show good results, but if you want all signals without any Momentum or maybe you are lookíng for a Reversal-Pattern with stronger Momentum - you've got the choice now
Version 22.1 2022.01.29
🕗 added Time-filter
◽ select working-hours
◽ let's get Reversal-Patterns to the right time, avoid weak trading hours, like the Asian session
 
✔️ added additional arrow styles
✔️ added time zones menu: time zones can now be displayed horizontally and vertically
😀 optimized menu view
Version 20.7 2020.07.05
trend menu set, no fixed trend anymore
- custom Settings
- inverse Trend
- trend 8, 13, 36 ema
code revised