The Momentum Reversal Detector MT4 is a signal indicator for MetaTrader 4 and is designed to identify potential trend reversals. The indicator identifies reversal points by analyzing momentum and trend changes. Additionally, it checks momentum on higher time frames and displays the data in a histogram on an additional chart. This allows traders to find optimal entry points in lower time frames while following the overall trend. Moreover, the indicator detects divergence, highlighting it with color changes—magenta for up divergence and Lime for down. Momentum shifts are shown with black bars, and the background changes to PaleGreen when positive momentum is detected in higher time frames. The indicator is highly customizable, making it an invaluable asset for traders aiming to identify potential trend reversal.

This indicator is suitable for traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, to identify trend reversals.

Indicator Settings

How to Install Momentum Reversal Detector MT4

Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:

The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.

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