N Bar Reversal Detector Indicator for MT4 Download – Free – [TradingFinder]

The N Bar Reversal Detector indicator is designed to detect and display pivot points. This tool analyzes price patterns over a range of candles (the number N defined by the user) to identify key trend reversal points and, based on that, issues buy and sell signals.

Specifications Table of the N Bar Reversal Display Indicator

The following table includes the specifications of the N Bar Reversal Detector indicator.

N Bar Reversal Detector at a Glance

The N Bar Reversal Detector uses colored boxes to highlight market turning points, then issues trading signals using arrow markers. Additionally, the tool draws a horizontal line next to each box to indicate the duration of the signal's validity.

Bullish Signal

Based on the Binance Coin (BNB) chart in the 30-minute timeframe, the pivot point zone is marked with a green box. The indicator also alerts to the buy signal using a green arrow.

Bearish Signal

According to the GBP/USD chart in the 1-hour timeframe, the price reversal or pivot point zone is highlighted using a red box. As shown, the position of the red arrow indicates the entry point for sell trades.

N Bar Reversal Detector Settings

Settings for the N Bar Reversal Display Indicator are as follows:

• REVERSAL_PERIOD: Number of candles for detecting a reversal pattern
• ALERT: Enable alert
• EMAIL: Enable email alert
• NOTIFICATION: Send notification
• SIGNAL_TIMEOUT: Signal validity time limit
• BULLISH_COLOR: Set color for bullish reversal zone
• BEARISH_COLOR: Set color for bearish reversal zone
• HISTORY_LIMIT: Maximum number of historical candles for signal display

Conclusion

The N Bar Reversal Detector is a practical tool for identifying trend reversal patterns in the MetaTrader 4 platform. It analyzes a sequence of candles to display potential market turning points.

With graphical visualization of reversal zones and movement direction, this indicator facilitates better decision-making for entry and exit in the market.

Customizable parameters and trend filtering enhance the accuracy of signals, allowing this tool to be adapted to various trading strategies.