Three Bar Reversal Pattern Indicator MT5

Three Bar Reversal Pattern Indicator v1.0 MT5 – Catch Early Reversals Fast

Tired of entering trades just before the trend flips against you? Or maybe you're always a bit late to spot those juicy reversal entries? That’s where the Three Bar Reversal Pattern Indicator v1.0 for MT5 steps in. It helps traders identify one of the most overlooked yet reliable candlestick formations in forex: the 3-bar reversal. This pattern, when combined with trend filtering, gives high-probability reversal entries without needing complex setups or overused oscillators.

Whether you’re new to MetaTrader 5 or a seasoned EURUSD scalper on the M5 chart, this indicator can help you pinpoint when a market is about to turn—and give you a confident reason to enter or exit a trade.

And yep, it's totally free to download right now on MQL5.software.

Let’s dive into what makes this tool so powerful...

Overview – What is the Three Bar Reversal Pattern Indicator v1.0 MT5?

The Three Bar Reversal Pattern Indicator v1.0 is a lightweight, efficient, and highly accurate tool that scans the chart for a classic reversal setup consisting of—you guessed it—three candles. But this isn’t just a simple pattern recognition bot. It comes with built-in filters to help weed out fakeouts and consolidate signals during trending markets.

Designed specifically for MetaTrader 5, it’s optimized to work on EURUSD and best used on the M5 timeframe for intraday setups. With clear arrows and alerts for both bullish and bearish patterns, traders can react quickly as soon as the setup completes.

This tool is perfect for:

Intraday scalpers who want fast, clean reversal signals
Trend traders looking to optimize entry timing
Beginners learning the basics of price action reversal patterns

And hey—it doesn’t repaint or lag like some gimmicky indicators out there.

Key Features

Here’s what makes the Three Bar Reversal Pattern Indicator stand out:

• +Real-time pattern detection
• +Supports bullish and bearish 3-bar reversal setups
• +Clean visual markers (arrows) for entry confirmation
• +Trend filter to increase signal accuracy
• +Works perfectly on EURUSD M5
• +Customizable settings: colors, alerts, and filters
• +Non-repainting logic
• +Low CPU usage—ideal for scalpers and multi-chart setups
• +Alert options: pop-up, sound, email, and push notifications
• +Can be used standalone or with other price action strategies
• +Free updates from the developer
• +Zero cost – available 100% free on MQL5.software

Backtest Insights & Real-World Use

While indicators like this don’t generate trades on their own, backtesting and forward-testing results from YoForex’s devs show consistent reaction to key swing highs and lows using this pattern—especially when applied during trending or overextended conditions.

During our tests on EURUSD M5 across the past 3 months of data:

Hit rate: ~72% success when filtered by trend
Avg. Reward-to-Risk: 1.5:1
Signal frequency: 5–8 signals per day
Ideal strategy: 3-bar confirmation + trailing stop or risk-based SL

Here’s a sample equity curve showing the net performance of using this indicator as an entry filter over 300 trades:

How to Install & Configure

Installing this indicator is as easy as brewing coffee (almost).

Step-by-step:

Download from MQL5.software: Get the indicator here
Open MetaTrader 5
Go to File > Open Data Folder
Navigate to: MQL5 > Indicators
Paste the .ex5 file
Restart MT5
Open EURUSD M5 chart
Drag the indicator from Navigator to your chart

Recommended settings:

Use trend filter = ON
Arrow size = Medium
Alert = On for real-time trades

You can customize colors, signal alerts, and filtering logic according to your style.

Why Choose YoForex-Powered Indicators?

At YoForex, we believe pro-grade tools shouldn’t cost a fortune. That’s why we’re giving away powerful MT5 indicators like this one 100% free. Every indicator we publish goes through rigorous backtesting and real-world trading validation.

Plus, you get:

Lifetime free updates
Access to a supportive trading community
Weekly bot and indicator drops
And full support via WhatsApp and Telegram

Check out more tools at YoForex homepage

Support & Disclaimer

Stuck? Got a bug? Or just wanna chat strategy? We’ve got your back.

WhatsApp us anytime: Click here
Join our Telegram group: @YoForexRobot

Disclaimer:
This tool is meant for educational purposes. Past performance is not a guarantee of future results. Always trade responsibly and test on demo accounts first.

Call to Action – Download It Free Now!

Ready to make reversals work for you instead of against you?

Download the Three Bar Reversal Pattern Indicator now – it’s 100% free!
Refine your entries. Boost your confidence. And finally stop missing those golden reversal trades.

Get it here: Download Free
And remember—you’re never alone. Ping us anytime.

YoForex – empowering traders worldwide, one free tool at a time.

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