N Bar Reversal Detector Indicator for MT4 Download – Free – [TradingFinder]

[TFLab]

The N Bar Reversal Detector in MT4 is a trading tool designed to identify and highlight pivot points in the market. By scanning a series of candles (defined by the user as N), it evaluates price action to locate possible reversal areas. Once these zones are detected, the indicator generates buy or sell signals, helping traders act on trend shifts with more confidence.


Indicator Specifications

• Category: Pivot Points & Fractals, Signal & Forecast Tools, Trading Assistance
• Platform: MetaTrader 4
• Skill Level: Beginner-Friendly
• Indicator Type: Reversal Detection
• Timeframes: Multi-Timeframe
• Trading Styles: Scalping, Day Trading, Swing Trading
• Markets: Forex, Crypto, Stocks
• Download: https://cdn.tradingfinder.com/file/481939/n-bar-reversal-detector-mt4-by-tflab.zip

How It Works​

The indicator plots colored boxes on the chart to visualize potential reversal areas. Alongside each zone, a horizontal line marks the signal’s duration, while arrows indicate whether the setup suggests a long or short opportunity.

• Bullish Example: On a 30-minute Binance Coin (BNB) chart, a green box highlights a bullish pivot zone, and a green arrow confirms a buy signal.
• Bearish Example: On the GBP/USD 1-hour chart, a red box marks a bearish turning point, followed by a red arrow signaling a short entry.

Adjustable Parameters​

• REVERSAL_PERIOD: Defines how many candles are used in the analysis
• ALERT / EMAIL / NOTIFICATION: Choose preferred signal alerts
• SIGNAL_TIMEOUT: Sets how long a signal remains valid
• BULLISH_COLOR / BEARISH_COLOR: Customize visual zones
• HISTORY_LIMIT: Number of past candles included in the scan

Final Word​

The N Bar Reversal Detector for MT4 provides traders with a clear, visual method of spotting reversals. Its customizable settings and real-time alerts make it versatile across different markets and strategies. By combining price action analysis with simple chart visualization, it helps traders refine their entries and exits with greater accuracy.

 

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