
Trend Reversal Indicator
Platform: MT4 Type: Reversal Last update: September 21, 2024The Trend Reversal Indicator does exactly what its name suggests. Namely, it recognizes trend direction and, most importantly, when a trend makes a reverse. Such a reversal trade is potentially very profitable as price makes a large swing. The indicator consists of two lines: blue and red. Trades are triggered at the crossover of these lines.
Example trade with the Trend Reversal Indicator
Below is the screenshot of an example trade with the Trend Reversal Indicator.
As you can see, the blue line of the Trend Reversal indicator crosses below its red line. This is a sign that the trend will most probably turn bearish, and in fact, the price started to fall right after the signal.