Learn what the market structure reversal alert indicator and dashboard does and some key strategies to use when trading with it.
You can download the market structure reversal indicator here: https://www.mql5.com/en/market/product/46295
Download the dashboard to alert to all time frames and pairs here: https://www.mql5.com/en/market/product/62751/
NOTE: DOES NOT REQUIRE THE INDICATOR ABOVE TO POWER IT!
Video Transcript
At the end of this video you’ll have 8 free strategies you can use with the market structure reversal indicator to give you high probability setups in any market. But first, what does the indicator do? The market structure reversal indicator can be used on its own or as an addition to any existing strategy to help you qualify trade entries and also help to identify potential exit points. It will also work on any time frame you choose as market structure is present on all of them. This means you can use the indicator for swing trades or for scalping. You can use the indicator in both trending and ranging markets effectively to alert you to entry and exit points whatever strategy you use.
In range bound markets it will alert to turning points at highs and lows. This gives you pinpoint accuracy for your entries and your exits. In trending markets the indicator supports price as it moves in waves and shows you when a trend is about to end with a reversal alert. The indicator draws a rectangle when price makes a new low or high on the last candle of the opposite colour to the current move. This candle is used to support price as it moves up or down in a trend. When price starts to turn and closes below the rectangle we call this a break in market structure. These breaks are often the start of a reversal or pullback in price. We get an alert when this happens and it is a signal for us to analyse the chart for a potential entry.
Price will usually continue in the direction of the market structure change alert and then pull back into the rectangle and retest that area to see if it can continue. If buying or selling pressure is too great, price will reject that area and reverse. This is what we call a retest alert. The indicator sends another signal to enter a trade on the retest when price closes higher than the initial break in market structure for a second time. These are the most powerful entry signals the indicator gives. Powerful Multi-Timeframe Analysis. Multi-Timeframe analysis ensures you are taking high probability trades in line with the longer term trend. This increases the accuracy of your trades dramatically. The indicator allows you to see market structure reversals from higher timeframes on the lower timeframe you are using for your entries.
This is extremely powerful as it shows you when price is retesting a previous reversal in structure or rectangle supporting a price move from the higher time frame. Recommended time frames to trade together are M5 and H1, M15 and H4, hourly and daily, H4 and weekly, or daily and monthly. To make life even simpler, there is also a trend direction arrow drawn by the indicator showing you the direction of the last signal on your chosen higher time frame. Just trade fresh signals in that direction to stay with the current trend. Get alerts instantly when market structure reversals and retests happen. The market structure reversal indicator sends you an alert every time a potential break in market structure or retest occurs. You can get alerted by pop-up, email or push notifications to your phone. An optional add-on is the alert dashboard. You can monitor every instrument you want to trade on every time frame from one chart. The dashboard can be set up to run in the background on your MT4 and will monitor all instruments and time frames for market structure reversal alerts and retests, instantly alerting you to trade opportunities.
So what is market structure? Price tends to move in waves, making a series of highs and lows. This forms the trends we see on all timeframes when trading. At some point price will tend to get tired and either pull back, usually to an area of support or resistance, or it will reverse completely and go in the opposite direction. When these market structure moves are ending they tend to form a pattern which is easily recognisable as an M or a W formation. These are what the market structure reversal indicator is alerting you to. A potential market structure shift in the opposite direction of the most recent movement in price.
This is an incredibly powerful alert as most trading strategies rely on an entry at either a pullback or a reversal point. For best results use reversal retest alerts when a clear M or W pattern is visible. These are the most reliable alerts produced by the indicator. Look for alerts that happen at recent highs or lows. Price has a memory and reacts at levels that have been traded at before. A stop hunt is also a key alert setup to look for. When price has usually just broken out of an area of support or resistance and closed back the other way, it’s usually a high probability alert and offers huge risk reward potential. And never forget, risk reward is vital to your success. Make sure you have a positive risk reward ratio whenever you take any trade. Always aim for at least a one and a half to one or more risk reward to be profitable.
Three strategies to use with the indicator. First, moving average trend direction. Only take reversal alerts in line with the trend direction of your favorite moving average on any time frame. The 200 EMA is widely used as a long-term directional bias indicator. The 20 EMA and 50 EMA are also great short and medium term trend indicators. Second, higher time frame reversal direction. Only take reversal alerts in the direction of the last signal on your higher time frame, as shown by the indicator itself.
Third, trend pullback reversals. Take reversal alerts when they have recently pulled back into the rectangle created by the higher time frame. The indicator can draw in the higher time frame rectangles and reversals for you automatically. Fourth, reversal alerts using oscillators. Use your favorite oscillator that indicates extended trading conditions. Only take reversal alerts when price is extended beyond the normal levels and due to reverse. Whichever indicators you use, the market structure reversal indicator complements them by giving you a confirmation of price changing direction.
Fifth, supply and demand reversals. Use a supply and demand level indicator to only take reversal signals that happen in or just after a supply or demand zone is reached. Sixth, M15 or M5 London session scalping. Take reversal alerts only that occur during the London trading session when price has swept the highs or lows of the Asian session. The market will often sweep the highs and lows of the Asian trading session before moving in the opposite direction. 7. Yesterday’s high or low entries. Only take reversal alerts that have just swept the highs or lows of yesterday’s trading sessions.
These areas are often used as reversal points. Or use a combination of more than one of those great strategies to increase your strike rate and profit further. The more confluence of indicators you have that agree with each other, the higher the probability of a trade being successful. Finally, combine the indicator with your current strategy. Market structure plays a part in all strategies. Simply incorporate the market structure reversal indicator into yours as a confirmation indicator for entries.
Increase your current system’s strike rate with confirmed market structure reversals and alerts. you
