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The Key Reversal Indicator is a practical tool in the MetaTrader 4 platform that identifies key pivot points in price trends. Based on MT4 Pivot Points and Fractals indicator, this indicator provides trade entry signals in bullish and bearish trends using colored arrows (green and red).
Key Reversal Indicator Specifications Table
The table below displays the features of the Key Reversal Indicator for MetaTrader 4:
| Category | Trading Assist – Pivot Points & Fractals – Signal & Forecast |
| Platform | MetaTrader 4 |
| Skill Level | Intermediate |
| Indicator Type | Reversal – Continuation |
| Timeframe | Multi timeframe |
| Trading Style | Intraday Trading |
| Trading Market | All Markets |
Uptrend Conditions
Based on the Ripple Index (XRP/USD) chart in the 1-minute timeframe, when the price reaches a key support level and reversal signs appear, the indicator displays a green arrow below the price candlestick. This arrow acts as a Buy trade entry signal.
Downtrend Conditions
The image below shows the GBP/USD currency pair chart in the 30-minute timeframe. When the price reaches a key support or resistance level and reverses, the indicator displays a red arrow above the candlestick, signaling a Sell trade entry.
Indicator Settings
Image below presents an overview of the adjustable parameters for the Key Reversal Indicator:
- Trend Detection Period: Trend recognition period
- Max Bars: Maximum number of candlesticks
- Show Alerts: Enable alert notifications
- Send Mail: Enable email alerts
- Send Notifications: Enable push notifications
Conclusion
The Key Reversal Indicator is a practical tool for identifying key reversal points and receiving trade signals. This MT4 forecasting and signaling indicator helps traders effectively identify entry and exit points using green and red arrows in bullish and bearish trends.
What is the suitable timeframe for using this indicator?
This indicator is multi timeframe and applicable across all timeframes.
Does the Key Reversal Indicator provide entry and exit signals?
This trading tool provides entry and exit signals by displaying red and green arrows above and below candlesticks.