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Reversal indicators are very specific trading tools that allow you to enter almost at the beginning of a trend and exit at the end of it.
The Candle Reverse is also one of them, but it also hides an extra enhancement, thanks to which the indicator can not only predict upcoming trend changes, but in addition, changes in "direction" here occur only when the indicator itself assesses that the price is likely to take a rapid movement soon.
- Reverse trend indicator
- User difficulty: Advanced
- Usability: Forex, Stock Indices, Gold
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
The Candle Reverse is one of the trading indicators that require knowledge of trend analysis, which involves plotting the direction of the trend not only within the chart (see chart below), but also within the indicator itself (see indicator window on chart below). Due to the fact that today's indicator is by nature a reverse indicator, inputs and outputs usually occur when the trend direction of the chart is in conflict with the trend direction of the indicator (see below).
Download Candle Reverse from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.
