BEST AGIMAT REVERSAL INDICATOR MT5

• Among the large volume of indicators on the Internet, this super tool shows pivot points and reversal zones on the chart

The Key Reversal Indicator for MT5 provides the best forex trend trading signals with arrows. The indicator works based on zigzag reversal patterns. Hence, it offers the best entry and exit for swing trading.

How to trade with the Key Reversal Indicator for MT5?

• Once applied to charts, the indicator continuously scans the bars looking for highs and lows. It defines a pivot point if it finds a new high or low according to the values ​​of the indicator parameters. The indicator places a signal arrow on a candle or bar to signal a trend reversal from bullish to bearish and vice versa.
• As soon as the indicator shows an UP arrow, the trader can place a BUY order. A trader can hold an open order until the indicator signals a trend reversal with an arrow in the opposite direction. Thus, the indicator allows the trader to move along the entire trend.
• The best place to place a stop loss is at the previous swing low. Similarly, the next reversal arrow is the best take profit point. However, traders may decide to take profits with a reasonable risk/reward ratio.

The whole process is reversed for a SELL signal.

Key reversal indicator for MetaTrader functions:

• Because of the indicator’s ability to identify tops and bottoms, the indicator is a boon for swing traders. However, it works great for intraday trading on lower time frame charts. In addition, both beginners and experienced traders appreciate the simplicity and functionality of the indicator.
• Increasing the Depth value of the indicator parameter allows the indicator to calculate a wider area. Similarly, a higher deviation value ignores smaller price fluctuations. Backstep acts as a signal filter. As a result, the indicator displays fewer arrows, which provides more profitable trend trades.

Trend traders can use the Key indicator along with other trend trading tools and MetaTrader technical strategies. In this case, this indicator enhances the trader’s ability to spot trend reversals effectively, resulting in more profitable trading results.

Limits:

• There is a time lag in determining highs and lows. Therefore, entry and exit signals may also be delayed.
• It is possible to redraw the last arrow due to the recalculation of new data by the indicator. Thus, traders should use price action and other technical tools based on candlestick patterns or forex price reversal indicators to confirm signals.
• However, the indicator’s signals are complemented to ensure confluence with other technical trading indicators.

Output:

• To summarize, the key reversal indicator is a brilliant forex trend reversal indicator for MT5. It provides forex traders with accurate arrow-based trend trading signals. The indicator gives the best results on higher timeframe charts. Therefore, it is best suited for swing trading.