Market Reversal Alerts MT4 v5.1 (Platform build 1441+)

What is Market Reversal Alerts MT4?

Market Reversal Alerts is a smart indicator that spots when a trend is losing steam and likely to reverse. Using advanced algorithms, it detects key changes in market structure and signals possible reversals or major pullbacks. It highlights these zones with trailing rectangles on the chart and provides clear visual and alert notifications.

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The Right Platform: Meta Trader 4 (MT4)
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About the Author

Created by LEE SAMSON, a developer with over 5 years of MQL5 experience, he has produced well-known tools like Market Reversal Alerts, Stock Index Hedge EA, Opening Range Breakout, Position Trader EA, and more. Among these, Market Reversal Alerts MT4 is his top-performing product.

Key Features

• Spot Market Shifts: Instantly alerts you to key price changes at exhaustion points, helping you catch trade setups early.

• Auto Short-Term Structure Mapping: Clearly shows market structure as price nears exhaustion for better decision-making.

• Pinpoint Entries: Mobile alert zones make it easy to find trend-following entries.

• Reversal Warnings: Solid color blocks signal potential trend reversals.

• Fully Customizable: Works on any chart or timeframe, with gesture, push, and email alerts.

• Retest Alerts: Notifies you when a retest signal appears, boosting confidence in entries.

• Multi-Timeframe Trends: See reversal patterns from higher timeframes directly on your chart.

• Trend-Based Filtering: Show all alerts or only those aligned with the current trend.

Market Reversal Alerts MT4 Review

The indicator spots breakouts and strong price momentum when a new high or low forms near a potential exhaustion point. It draws a rectangle on the last candle of the opposite color and trails it as price moves with the short-term trend.

When price weakens enough to close beyond the rectangle, it signals a possible change in market structure. At that point, the indicator alerts you to a likely shift in direction, indicating the start of a potential trend reversal or major pullback.

Market Reversal Alerts MT4 Setting

1. Installing the Indicator

1. Open MetaTrader 4.

2. Go to File → Open Data Folder.

3. Navigate to MQL4 → Indicators.

4. Copy the indicator file into this folder.

5. Restart MetaTrader 4.

2. Applying the Indicator

1. Open the chart for your preferred symbol (forex, indices, commodities, etc.).

2. In the Navigator panel, drag Market Reversal Alerts onto the chart.

3. Adjust the Inputs tab to match your trading style.

3. Main Input Settings

Main Indicator Settings

• Reversal Alerts to Use – Choose LONG, SHORT, or LONG_AND_SHORT for alert direction.

• Number of Recent Rectangles to Show – Controls how many reversal zones remain visible.

• Hide Wick of Last Candle – Toggle to hide/show candle wicks in reversal signals.

• Aggressive Mode – If true, generates earlier alerts for faster entries.

Graphical Settings

• Bullish Reversal Alert Colour – Default: DarkOrange.

• Bearish Reversal Alert Colour – Default: DarkOrange.

Alert Settings

• Buy/Sell Alert Messages – Customize the text for bullish and bearish reversal alerts.

• Arrow Settings – Set arrow size, position, and colors (e.g., Green for bullish, Red for bearish).

• Email, Push, or Popup Alerts – Enable to receive notifications in your preferred format.

Higher Time Frame (HTF) Settings

• Display Options – Show both current and HTF reversal zones, or just one.

• Time Frame – Default: 4 Hour (adjust for your strategy).

Hot Button Layout Settings

• Customize button position, size, and spacing for quick on-chart control.

4. How It Works

1. The indicator detects potential reversal zones when a trend shows signs of exhaustion.

2. It marks a rectangle on the last candle of the opposite color and trails it with price movement.

3. If price closes beyond the rectangle, it signals a possible trend reversal or pullback.

4. Alerts are sent based on your chosen notification settings (popup, email, push).

5. Best Practices

• Combine with trend filters (e.g., moving averages) to avoid false signals.

• Adjust Aggressive Mode for faster entries or more confirmation.

• Use higher timeframes for major market reversals, and lower timeframes for scalping.

• Always test settings in a demo account before trading live.

In the Downloads folder, there are:

✅ Indicators: Market Reversal Alerts v5.1.ex4

>>> Reviewed by Micheal Elliot

Conclusion

The Market Structure Reversal Alert MT4 is a smart trading tool that helps you spot trend reversals and market exhaustion zones with precision. It tracks breakout momentum, follows price action, and marks key reversal areas with clear visual cues. Real-time alerts (pop-up, push, or email) keep you informed so you never miss a shift in trend. With higher-timeframe bias overlays, directional filters, and retest confirmations, it’s built for all trading styles and timeframes.