Forex Reverse Trend Line MT4 Indicator

Forex Reverse Trend Line MT4 Indicator:

About the Forex Reverse Trend Line MT4 Indicator

This indicator is to follow the trend. When the closing price breaks the trend line, it may mean that the trend has to be reversed. It is cashing well in the trend.

It has only two parameter settings.

Parameter setting:

deviation:15

“deviation” is Follow the distance between the current high and low points.

depth:24

“depth” is Depth of high and low points.

This is just the default parameter, you can optimize it in use.

Test results:

Forex Reverse Trend Line MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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