Reversal Bar Indicator

Reversal Bar Indicator

Reversal bar indicator for mt4 – download free. Accurate trend reversal mt4 indicator. Support and resistance indicator for mt4. Best forex indicator for mt4.

The Reversal Bar indicator for MetaTrader is a forex indicator that paints a price reversal bar at the new low and high of a trend. It comes with a sky blue/red color of this indicator that signals the possible end of a retracement in a downward/upward trend respectively.

This non-repaint technical indicator would come in handy for both trend and counter-trend traders in identifying an optimal entry zone. So, in essence, the indicator indicator is suited for confirmation of the end of a short trend retracement.

Furthermore, the indicator is chart-friendly and suitable for beginners and experienced forex traders. Besides, it is also ideal for different trading styles like scalping, day/intraday, and swing trading.

How To Trade With The Reversal Bar Indicator

The above screenshot depicts how the indicator would look on your MT4 platform. Furthermore, the indicator is recommended to be used in synergy with technical analysis/and or with other trading indicators for better efficiency.

BUY and SELL Signals: Firstly, define the trend bias of the market, in this instance, an uptrend. Now, wait for the indicator to paint a SKY BLUE reversal bar, and then open a BUY/LONG position after the price breaks the bar to the upside. The above BUY principle is also applicable for a SELL setup and entry.

Conclusion
The Reversal Bar indicator for MT4 was designed to help you identify a low/high price zone where the market may likely reverse. Finally, the indicator is free to download.