The Super Forex Trend Reversal indicator for MT4 is based on the Alligator indicator and provides great buy & sell trend reversal signals.
The indicator works both in trending and sideways markets.
- A green histogram bar + arrow predicts a bullish trend reversal.
- An orange histogram bar + arrow predicts a bearish trend reversal.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Indicator Example Chart (EUR/USD H1)
How to trade with it (example)?
Consider to open a long position whenever the green arrow + green histogram bar pops up on the chart.
Consider to open a short position whenever the orange arrow + orange histogram bar pops up on the chart.
Exit the trade near previous support or resistance or for a reward to risk ratio of 1.3 or better.
Use a tight stop loss for both long and short positions.
Feel free to use your own favorite trading method to open and close trades with the Super Forex Trend Reversal indicator.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Jaws period, teeth period, lips period, type MA, type price, color settings & style
Indicator type: trend reversal
Repaint? Does not repaint the colored buy and sell trend 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 aa-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.