Free Forex Indicators (MT4), Trend Following Indicators
Reversal Navi Forex Indicator
By Arun Lama
Updated On
Reversal Navi Forex Indicator is best known as the price-action based scalping tool among the short-term traders across the financial markets of the world. It accumulates recent price data and transforms it into trend reversal signals. Besides market entries, this indicator also signals for trade exits.
Reversal Navi Forex Indicator suits only with the shorter timeframes like M1 to M15 within the MT4 forex trading platform. However, this indicator can be applied to trade all kinds of forex currency pairs around the financial markets.
Once you’re done with the installation of the indicator at the MT4 terminal, your trading charts appear like the following image
Reversal Navi Forex Indicator Explanation
The indicator captures the highs and lows of the past price data and combines it with its own Navi parameter to come up with the trend-reversal signals. It turns red and appears below the price bar signals for the bullish trend-reversal.
On the other hand, if price breaks below the red band and a blue band of the indicator appears above the price bar then the signal is considered as the bearish trend-reversal. This indicator is a stand-alone indicator. However, you can add it to any trend-following strategy for enhancing the trading performances.
I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.
This is a good indicator but the only issue is that eventhough it shows arrow direction on the chart, its not able to send the trade to the MT4 bot. Is there a way we can solve this
Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
This is a good indicator but the only issue is that eventhough it shows arrow direction on the chart, its not able to send the trade to the MT4 bot. Is there a way we can solve this