An indicator in MT4 charts that can be used to detect possible reversal signals within financial markets. mt4 Reversal Indicator It is used to examine past price patterns to identify overbought and oversold market conditions. mt4 Reversal Indicator The bar chart can be displayed as a graph with settings from -5 up to +5. +5 is considered to be extremely overbought, while -5 is considered to be extremely oversold (dark grey area).
This tool was built with the idea of mean reversion in mind. It means that the market returns to its historical average. This allows you to identify markets that are likely to reverse and have significantly deviated from their historical averages.
Reversal tool for overbought/oversold: MT4’s mt4 reversal indicator!
The input of the scanner already includes the RSI Cycle, but you can also choose any time period or design.
* Note: This indicator is only available for Metatrader 4.
Email and MT4 Alerts
It also features built-in functionality that automatically alerts users when a new signal/pattern is detected via email and MT4 alerts. This allows you to minimize screen time and trade only the settings that are most important to you.
Unlimitted use, one-time purchase
Once you’ve purchased the software tool you won’t have to pay any recurring fee and you can use the tool on any MT4 platform across multiple devices.
