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 End -  select 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 Settings -  use the three moving averages for the trend-direction, the arrows will appear in trend-direction only
• custom Settings inverse -  arrows 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 Pattern - instead 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