Step Up/Down Indicator for Trend Reversal Signals
Info
The Step Up/Down Indicator for Trend Reversal Signals is a Indicator for MetaTrader 5 that the step up/down indicator provides signals for potential price direction changes. It displays up or down arrows and generates alerts when the price is poised to reverse direction.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 Step Up/Down Indicator for Trend Reversal Signals
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
The Step Up/Down indicator provides signals for potential price direction changes.
Typical Use Case
This Indicator excels in trend following 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: Step MA NRTR Indicator - another powerful indicator for MetaTrader 5 traders.
The Step Up/Down indicator provides signals for potential price direction changes.It displays up or down arrows and generates alerts when the price is poised to reverse direction.
Also recommended: Step Moving Average Line Indicator - similar indicator with strong performance on MetaTrader 5.
Indicator Functionality
The indicator identifies moments when the market sentiment is shifting, suggesting that the current trend is likely to conclude and a new one may begin.
Features:
- Visual Up/Down Arrows: Clearly indicates potential trend reversals.
- Alerts: Notifies users in real-time when reversal signals appear.
Use Cases
This indicator is suitable for traders looking to anticipate market turns and enter or exit positions at opportune moments.
Compatibility
This indicator is designed for use with MetaTrader 4 and MetaTrader 5 platforms.
Version Information
Last updated: 2026
You may also like: Intraday Vertical Time Grid Indicator (8-Hour Steps) - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
/*
== last update: 2026/03/24 ==
*/
#property indicator_chart_window.......
⚠ 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.