reversal navi
Info
The reversal navi is a Indicator for MetaTrader 5 that fxborgthe indicator shows the entry point that follows the reversal bar. display: blue/red mark - indicates that a reversal has occurred; blue/red arrow - reversal bar; blue/red line - shows the middle of the range, which was formed after the reversal bar.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use reversal navi
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
fxborgthe indicator shows the entry point that follows the reversal bar.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Stochastic Reversal Signal Indicator - another powerful indicator for MetaTrader 5 traders.
fxborg
the indicator shows the entry point that follows the reversal bar.
Also recommended: Bands Stoch RSI Extreme Reversal Signals - similar indicator with strong performance on MetaTrader 5.
display:blue/red mark - indicates that a reversal has occurred;
blue/red arrow - reversal bar;
blue/red line - shows the middle of the range, which was formed after the reversal bar.
originally this indicator has been written in mql4 and was first published in the on 13.07.2015.
figure 1. the reversalnavi indicator
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_plots 6
#property indicator_type1 draw_arrow
#property indicator_color1 clrred
#property indicator_width1 4
#property indicator_label1 "sell reversal bar mark".......
⚠ 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.