Reversal Navi Indicator
Info
The Reversal Navi Indicator is a Indicator for MetaTrader 4 that this indicator highlights the entry point following a reversal bar. Designed to enhance visibility of entry points, it is recommended to use this indicator in conjunction with filters like ADX or BSI.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Reversal Navi Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator highlights the entry point following a reversal bar.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Reversal Fractals Indicator - another powerful indicator for MetaTrader 4 traders.
This indicator highlights the entry point following a reversal bar.Designed to enhance visibility of entry points, it is recommended to use this indicator in conjunction with filters like ADX or BSI.
Also recommended: Price Reversal Area Indicator - similar indicator with strong performance on MetaTrader 4.
Visual cues include:
- Blue/red marks indicating a reversal has occurred.
- Blue/red arrows pinpointing the reversal bar.
- Blue/red lines depicting the middle of the range formed post-reversal bar.
The indicator is displayed in a separate window.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property strict
#property indicator_chart_window
#property indicator_buffers 6
#property indicator_color1 clrred
#property indicator_color2 clrblue
#property indicator_color3 clrred
#property indicator_width3 2 .......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.