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Name: Market Reversal Alerts
Version: v5.1 New Version
Developer by: LEE SAMSON
The Right Platform: Meta Trader 4 (MT4)
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The Market Reversal Alert Indicator identifies forthcoming exhaustion in trends or price changes, indicating possible reversals. It alerts you to modifications in market structure commonly linked with major reversals or retracements.
The indicator identifies breakouts and price momentum whenever a new high or low is reached near a possible exhaustion point. It outlines a rectangle on the last candle of the opposite color and tracks it together with price as it follows the current short-term trend. When price diminishes to the point that it closes above or below the rectangle, it indicates a potential transformation in market structure. Following this, the indicator informs you of a possible directional shift, marking the onset of a possible trend reversal or significant pullback.
Name | Fit |
---|---|
Trading platform | Meta Trader 4 (MT4) |
Time frames | Any |
Currency pairs | Any |
Product type | NoDLL / Fix |
VPS | Optional, for uninterrupted advisor operation |
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