Market Reversal Alerts V5.10 – Know When the Trend Is Running Out

Catching a reversal too early hurts, and catching it too late hurts too. The Market Reversal Alerts indicator for MetaTrader 4 helps with the timing. It tracks short-term structure behind price and tells you the moment that structure breaks. Then it tells you again when price comes back to test the zone.

It works on any symbol your broker offers, including forex, gold, indices and crypto, from M1 up to D1.

How the Market Reversal Alerts Indicator Works

1. Box: first, it draws a rectangle on the last opposite-coloured candle the move is standing on.
2. Trail: then, the box follows price as the trend keeps going.
3. Break: when price closes back through it, the box turns solid and you get an alert.
4. Re-test: finally, a second alert fires when price returns to the zone.

Breaks that survive a re-test are usually the better trades, and the indicator tracks that for you.

Main Features

• Structure drawn automatically, no manual levels
• Higher timeframe zones shown on your lower chart
• Trend bias arrow for the bigger picture
• Alerts for all trades, longs only, shorts only or with the trend
• Pop-up, push and email alerts
• Works on every symbol and timeframe

A Simple Way to Trade It

When an alert fires, look left on the chart. Is price turning at old support or resistance, or just after a stop hunt? Next, check one higher timeframe. If both agree, trade the reversal and put your stop just past the latest high or low. A 1.5:1 to 2:1 reward-to-risk is a sensible target.

MQL5 Rating

Traders on MQL5 rate the Market Reversal Alerts indicator 4.19 out of 5 from 136 reviews, with over 9,700 demo downloads since 2020.

Technical Specifications

Version: 5.10
Platform: MetaTrader 4
Type: Indicator
Symbols: All
Timeframes: M1 to D1
Alerts: Pop-up, push, email

Quick Setup

1. Put the .ex4 file in the MQL4/Indicators folder and restart MetaTrader 4.
2. Open the chart you want to trade.
3. Drag the indicator from the Navigator onto the chart and adjust the inputs.
4. Practise with it on a demo account before you trade real money.

Find more tools in our MT4 indicators.

Risk Warning

An indicator shows possible setups, not certain ones. Trading with leverage can lose money, so always use a stop loss and practise first. In short, the Market Reversal Alerts indicator is a tool, and the decisions stay yours.