Head Fake MT4
Reversal strategy pattern "head" determines the probable point of price reversal. Column histogram upward indicates a bullish reversal point and on the contrary, the column downward indicates a bearish reversal point.
Pivots can appear both in the uplink and in a downtrend. Therefore, we strongly recommend that you use filters, such as RSI, William's Percent Range, or CCI.
The screenshots show how HEAD FAKE INDICATOR indicator suggests good turning point when working in conjunction with other indicators.
indicator settings
- use_sound_alert - if the parameter is set to true, the indicator is an audible notification when a new signal.
- use_box_alert - if the value is set to true value at the new signal appears indicator will show a pop-up message indicating instrument timeframe and the proposed direction.
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