The market structure reversal alert indicator is a powerful tool that can help traders profit from changes in market structure. By identifying when a trend or price move is approaching exhaustion and ready to reverse, this indicator alerts traders to potential shifts in market direction and the start of a possible reversal in trend or major pullback. In this article, we will review and provide information on how to download this profitable forex software.
How Does the Market Reversal Alert Indicator Work?
The market reversal alert indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a possible exhaustion point. It draws a rectangle on the last opposite colored candle and trails it along with price as it continues to move in its current short-term trend. Once price weakens enough that it closes back above or below the rectangle, this indicates a potential shift in market structure is taking place. The indicator then alerts traders to a potential shift in direction and the start of a possible reversal in trend or major pullback.
Features of the Market Reversal Alert Indicator
โ Alerts traders to potential changes in market structure at key exhaustion points.
โ Automatically draws in short-term market structure as price approaches exhaustion levels.
โ Trails the alert rectangles behind price as it moves in its current trend direction to find the tightest entries.
โ Changes color to a solid block rectangle on alerts to show where potential reversals in market structure have occurred.
โ Works on all symbols and timeframes.
โ Integrated pop-up, push, and email alerts built-in.
โ Alerts when a re-test of a reversal alert has happened, confirming the entry as being more likely.
โ Allows traders to view higher time frame reversal rectangles on their lower trading time frame.
โ Provides directional bias arrow on the lower time frame chart to view higher time frame trend direction.
How to Trade with the Market Structure Reversal Indicator
When a reversal alert occurs, traders should look for supply/demand or support/resistance levels that weโre turning at. Market structure shifts (reversals) usually occur when price is retesting an old level or a stop hunt has just happened above that support or resistance level. It is recommended to consult a higher time frame to see if there is an area of support/resistance we are turning at. If the above conditions are met, traders can simply place a trade in the direction of the reversal.
It is important to set a stop loss just above the most recent high or below the most recent low. If the reversal is correctly identifying a shift in market structure, price will rarely move back above/below the most recent peak. The size of the stop loss will depend on how aggressive the last move to create the recent high was. Take profit levels can be determined individually, but using a 1.5:1 or 2:1 risk to reward ratio is easily achievable. Traders can also consider entering multiple trades and having one trail along with price just above/below new rectangles as they are drawn on the chart to achieve higher risk-reward ratios.
FAQ
1. Can I use additional indicators with the Market Reversal Alert Indicator?
Yes, traders can add additional indicators as validation or use this indicator to add further validation to their existing indicators or strategy.
2. What timeframes and symbols does the Market Reversal Alert Indicator work on?
The indicator works on all symbols and timeframes, allowing traders to apply it to their preferred trading instruments.
3. How can I view higher time frame directional bias?
Traders can view higher time frame directional bias by looking at the directional bias arrow on their lower time frame chart.
4. Can I watch independent testing of this product?
Yes, you can watch independent testing of this product on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.
5. Can I share my experience of using this product?
Yes, we encourage you to share your experience of using this product. Your feedback and insights can help other traders make informed decisions.
In conclusion, the market reversal alert indicator is a valuable tool for traders looking to profit from changes in market structure. By identifying potential reversals and major pullbacks, this indicator can provide timely alerts and help traders make informed trading decisions. Download the indicator and see how it can enhance your forex trading strategy today!
Note: This is an independent product review. The text is written in the third person and does not represent the views or opinions of the author.
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