Head Fake MT4

The head pattern reversal strategy identifies possible price reversal points. Histogram bar pointing up suggests a bullish reversal point while, on the other hand, bar pointing down suggests a bearish reversal point.

Reversal points might appear in both up-and-down trends. So, it's highly recommended to use a filter, such as RSI, William's Percent Range or CCI.

In the screenshots you can how the HEAD FAKE INDICATOR hints good reversal points when working in conjunction with other indicators.

Indicator parameters

• use_sound_alert: if this option is set to true, then when a new signal is generated the indicator will make a sound.
• use_box_alert: if this option is set to true, then when a new signal is generated a box will pop up informing the asset, the time frame and the suggested direction