The 2 Bar Reversal Forex indicator provides buy & sell signals based on the 2 bar reversal trading pattern.
It’s a non-repaint trading signal indicator for Metatrader 4 that works on pure price action.
- A blue colored 2 Bar Reversal indicator arrow represents a buy trade opportunity.
- A red colored 2 Bar Reversal indicator arrow represents a sell trade opportunity.
Indicator Example Chart (EUR/USD H4)
How to trade with it?
Open a buy trade order as soon as the blue colored 2 Bar Reversal indicator arrow appears on the chart.
Open a sell trade order as soon as the red colored 2 Bar Reversal indicator arrow appears on the chart.
Feel free to use your own favorite trading methods to open and close trades with the 2 Bar Reversal arrow Forex indicator .
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Color settings & style
Indicator type: Signals
Repaint? Does not repaint the 2 bar reversal arrows.
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the 2-bar-reversal-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.