91 / 100

Market Reversal Alerts V5.10 Indicator for MT4

The Market Reversal Alerts V5.10 Indicator is a powerful tool designed for MetaTrader 4 (MT4) traders. It helps identify potential trend reversals and exhaustion points, allowing traders to make informed decisions. Here’s what you need to know:

Key Features:

Profit from Market Structure Changes: The indicator detects when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure, which often occur before significant reversals or major pullbacks.
Automatic Drawing of Market Structure: As price approaches exhaustion levels, the indicator automatically draws short-term market structure rectangles. These rectangles trail behind price, helping you find precise entry points.
Color-Coded Alerts: When potential reversals in market structure occur, the indicator changes color, indicating where price may reverse. It works on all symbols and timeframes.
Integrated Alerts: Receive pop-up, push, and email alerts when a potential shift in direction occurs.
Higher Time Frame Analysis: View higher time frame reversal rectangles on your lower trading time frame, aiding trend traders in identifying overall trend direction.

Market Reversal Alerts V5.10 Indicator

Strategy & How to Trade:

Reversal Alert Occurs: When the indicator signals a reversal, look left on your chart. Check if there’s a supply/demand or support/resistance level nearby. Market structure shifts often happen when price retests old levels or after a stop hunt above a significant level.
Higher Time Frame Confirmation: Consult a higher time frame to see if there’s an area of support/resistance where we’re turning. Changes in market structure frequently align with major levels on higher time frames.

Recommended Settings:

Minimum Deposit: The minimum deposit required depends on your broker’s account type. However, consider starting with at least $100 to ensure sufficient margin for trading.
Time Frame: The indicator works well on various time frames, but consider using it on H1 (1-hour) or higher for more reliable signals.
Currency Pairs: The indicator is versatile and can be applied to any currency pair. Popular pairs like EUR/USD, GBP/USD, and USD/JPY are suitable choices.