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1-2-3 Reversal Points Pattern Indicator (MT4)

    The 1-2-3 Reversal Points Pattern Forex indicator for MT4 identifies the best trend reversal points based on the popular 1-2-3 trading pattern.

    The indicator is beginner friendly and draws buy and sell arrows on the chart once the bullish or bearish trend reversal pattern has completed.

    In essence, you only need to follow the buy and sell arrows.

    Indicator explained (bullish example)

    • Point 1: low
    • Point 2: higher high
    • Point 3: most recent low but higher than point 1

    After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.

    Key Points

    • Scans for trend reversal
    • Based on the 1-2-3 trading pattern
    • Price action
    • No-lagging indicator
    • Well worth adding to your indicator collection

    This indicator can work together with any existing trading strategy or system as a simple buy/sell trend reversal entry confirmation tool.

    Free Download 

    Download the “1-2-3 Reversal Points Pattern.ex4” MT4 indicator

    Indicator Example Chart

    The EUR/USD 5-minute chart below shows the 1-2-3 Reversal Points Pattern indicator in action.

    Basic Trading Signals

    Signals from the 1-2-3 Reversal Points Pattern indicator for Metatrader 4 are easy to interpret and goes as follows:

    BUY:

    • Open a long trade when the blue arrow appears on the chart (bullish trend reversal).
    • Place stop loss below the most recent swing low point.
    • Take profit at key resistance.

    SELL:

    • Open a short trade when the red arrow appears on the chart (bearish trend reversal).
    • Place stop loss above the most recent swing high point.
    • Take profit at key support.

    Download This Forex Indicator

    Download the “1-2-3 Reversal Points Pattern.ex4” MT4 indicator

    Adjustable Parameters & Settings

    Fonts, colors, Gann, alerts

    Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

    More Info About This Indicator

    Currency Pairs: works on any currency pair

    Trading Platform: developed for Metatrader 4 (MT4)

    Time Frames: works on any time frame

    Indicator Type: Trend reversal

    How to install the 1-2-3 Reversal Points Pattern indicator in Metatrader 4?

    • Copy and paste the 1-2-3 Reversal Points Pattern.ex4 indicator into the MQL4 indicators folder.
    • You can access this folder from the top menu as follows:
    • File > Open Data Folder > MQL4 > Indicators (paste here)

    How to remove the indicator from the chart?

    • Right click in the chart
    • Select indicators list
    • Click on the indicator’s name
    • Click on the delete button