Summary of "✨N Bar Reversal Detector Indicator for MT4/5 Download – Free – [TradingFinder]"

The video presents the N Bar Reversal Detector Indicator for MetaTrader 4 and 5, available for free download on the TradingFinder website. This indicator is designed to assist price action traders by identifying pivot points and Price Reversal zones based on a specified number of candles, thereby highlighting optimal entry points for buy and sell trades.

Main Features and Financial Strategies:

Pivot Point Identification: The indicator calculates significant pivot highs and lows over a user-defined candle period to detect Price Reversal zones.
Trade Signals: It generates clear buy and sell signals to guide traders in entering long or short positions.
Validity Period: A distinct line shows the timeframe during which the signals remain valid; signals become ineffective once the price crosses beyond this period.
Customization: Traders can adjust key parameters to tailor the indicator’s sensitivity and alert preferences.

Key Settings and Methodology:

Reversal Calculation Period: Defines the number of candles used to identify pivots.
- Higher values = larger price swings considered, signals are more reliable but delayed.
- Lower values = shorter-term signals, less reliable but more immediate.
Alert System:
- Enable/disable alerts for new signals.
- Option to send alerts via email (requires prior email setup in MT4/5).
- Option to send alerts as mobile notifications.
- Set the time interval between alert messages.
Visual Customization: Ability to change colors of bullish and bearish zones.
Maximum Candles for Calculation: Default is 1,000 candles, meaning the indicator analyzes up to 1,000 past candles to identify pivots and generate signals.

Usage:

The indicator is applied by dragging it from the navigator onto the chart.
It is suitable for both novice and experienced traders aiming to capitalize on price reversals.
Signals help traders confidently enter trades aligned with market momentum.