Valid Pullback Indicator for MT4 Download – Free – [TradingFinder]

The Valid Pullback Indicator is designed to identify three types of valid pullbacks in the market. Using colored boxes and numbering, this indicator marks areas recognized as valid pullbacks.

Initially, the main price movement is identified, followed by the analysis of its retracement in the direction of the dominant trend. Each box defines the correction range, and the number displayed on the chart shows the type of pullback detected.

Valid Pullback Indicator Specification Table

The features of the Valid Pullback Indicator are shown in the table below.

Valid Pullback Indicator at a Glance

In the Valid Pullback Indicator, bullish signals are shown in blue, representing the market’s tendency to continue upward. Conversely, bearish signals are marked in red, showing the persistence of selling pressure and the downward trend.
This color distinction simplifies the identification of price retracement zones and entry points for trades.

Uptrend Conditions

According to the Bitcoin (BTC) cryptocurrency chart, valid bullish pullbacks are marked using blue boxes and numbers.
These identified points, in addition to showing price corrections, indicate suitable entry zones for buy positions.

Downtrend Conditions

Based on the Gold vs US Dollar (XAU/USD) chart in the 1-hour timeframe, the indicator identifies bearish pullbacks and displays them with red boxes.
Under these conditions, traders can use these signals to enter positions aligned with the prevailing downtrend.

Valid Pullback Indicator Settings

The adjustable parameters in the Valid Pullback Indicator are as follows:

• Determine Trend by MA: Trend identification based on Moving Average
• Fast MA Period: Time period of fast moving average
• Fast MA Applied Price: Reference price of fast moving average
• Fast MA Method: Calculation type of fast moving average
• Slow MA Period: Time period of slow moving average
• Slow MA Applied Price: Reference price of slow moving average
• Slow MA Method: Calculation type of slow moving average
• First Condition: Activation of first condition
• Number of Bars for Trend Determination: Candle count for trend detection in first condition
• Second Condition: Activation of second condition
• Number of Bars for Trend Determination: Candle count for trend detection in second condition
• Third Condition: Activation of third condition
• Number of Bars for Trend Determination: Candle count for trend detection in third condition
• Downtrend Color: Assigned color for bearish signals
• Uptrend Color: Assigned color for bullish signals

Conclusion

The Valid Pullback Indicator is designed to identify three main pullback types in market trends. Through colored boxes and numbered markings on the chart, it clearly visualizes valid price retracements.
Additionally, it provides flexibility to adjust the conditions and use moving averages as trend filters in the settings.
Users can modify the fast and slow moving average periods, the calculation methods, and the applied price basis.