Momentum Reversal Detector Indicator

Momentum Reversal Detector Indicator

The momentum reversal detector indicator for MetaTrader assists the forex traders to approach the market in multiple methods. Obviously, the indicator’s ability to identify key intraday points in terms of momentum reversal, trend reversal, and divergence makes it the best MT4 indicator for forex traders.

The momentum reversal detector indicator for MetaTrader is the best indicator for Momentum traders, Divergence traders, and Forex Trend traders.

The momentum reversal detector indicator for MT4 helps Forex traders to identify accurate reversal points of the momentum. The indicator also indicates the key reversal points wherever the market is expected to change the trend.

However, it also checks for the momentum levels in a higher time frame and displays it in the histogram. As a result, traders can identify the best entry points in a lower time frame while staying in the direction of the momentum of a higher time frame chart.

Another important feature of the indicator is to identify the presence of divergence. The indicator looks for divergence in the current timeframe and higher timeframe and displays that histogram information.

As a result, traders can interpret and apply the information displayed in the histogram in various methods. The Momentum reversal detector indicator displays the change of signals as a black histogram bar. Forex traders can use the appearance of the Black histogram bar to BUY or SELL accordingly.

Momentum Reversal Detector Indicator BUY / SELL Signals

The above EURUSD H1 chart shows the BUY and SELL signals based on the reversal of momentum. The indicator displays a BLACK bar in the histogram to identify the change of trend. As a result, traders can identify the top and bottom and enter a trend early.

The momentum reversal detector indicator for MT4 changes the background color to PaleGreen if it detects positive momentum in the higher time frame chart.

The presence of divergence in a higher time frame chart is indicated with a change in the indicator window’s background color. Magenta represents the UP divergence, and Lime represents the DOWN divergence.

This MT4 indicator shows the levels of indicator and the Zero level in dots. The indicator is free to download and easy to install. The detection of divergence in the current time frame and the higher time frames makes it the best tool for divergence trading. The indicator changes the color whenever it detects divergence and also momentum in higher time frame charts. As a result, it is very beneficial for new and experienced traders and intraday and swing trading.

Conclusion
The momentum reversal detector indicator for MetaTrader assists the forex traders to approach the market in multiple methods. Obviously, the indicator’s ability to identify key intraday points in terms of momentum reversal, trend reversal, and divergence makes it the best MT4 indicator for forex traders. Furthermore, this MT4 indicator is available free to download.