Indicators for MT4
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The Reversal Indicator
Reversal indicator is one of the reliable MT4 indicators that help you know when the market changes direction. Also, this is a non-repaint MT4 indicator.
This trend reversal indicator uses a crossover of two modified MA’s in an individual window. With its help, this indicator generates the BUY/SELL signal.
Two average levels are MKNC4 fast blue average levels and MKNC4 slow red average levels.
If the fast MKNC4 moves over the slow MKNC4, a bullish crossover occurs. And, the bullish candle is made.
BUY at the break of respective bullish candles high.
Set stop loss when it signals the candle’s low.
Take profit when MKNC4 plots a bearish crossover.
Moreover, if the slow MKNC4 crosses the fast MKNC4, it is a bearish crossover.
BUY Signal – If the reversal indicator shows the strong buying signal lines, open a BUY trade with good volume sizes.
Before starting the trading, set the stop loss for the long/short term.
SELL signal – Open a SELL trade when the price goes to BUY to the selling zone.
You can use this MT4 indicator to trade on MT4, MT5, and Forex trading platforms.
This indicator fits in all time frames, including 5-minutes, 15-minutes, 30-minutes, 1-hour, 4-hour, daily, weekly, and monthly.
Beginners can easily trade with this indicator. If you are looking for more non-repainting MT4 indicators, we are providing them at an affordable rate. Contact us.