Reversal Finder Indicator - OQ Trading Technology

Reversal Finder Indicator


Created for traders using candle patterns as part of their strategy, this indicator detects the various patterns that could signal a trend reversal.

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The Reversal Finder Indicator uses the practice of identifying candlestick patterns. It focuses on those patterns that indicate a change in the trend direction. The indicator also highlights and labels the patterns on the chart in a clear and concise manner. The patterns highlighted in red signal a possible change to a downtrend and the patterns highlighted in green, a possible change to an uptrend.


The user can enable/disable the patterns that the indicator will highlight with a True/False option for each:

  • Three Bullish Soldiers – True/False
  • Hammer – True/False
  • Morning Star – True/False
  • Three Black Crows – True/False
  • Bullish Engulfing – True/False
  • Inverted Hammer – True/False
  • Evening Star – True/False
  • Shooting Star – True/False
  • Hanging Man – True/False
  • Doji Star AND Long-Legged Doji – True/False
  • Dragonfly Doji – True/False
  • Gravestone Doji – True/False

Software Requirements: Windows OS, Metatrader 4 platform.


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