Horns Pattern Identifier Indicator for MetaTrader 4 by LuxAlgo
The Horns Pattern Identifier Indicator for MetaTrader 4 by LuxAlgo is a specialized Price Action tool designed to detect the “horns” formation—an early reversal pattern that often signals trend shifts. Built for the MetaTrader 4 environment, this indicator provides traders with clear, actionable visual cues to anticipate both tops and bottoms.
Lightweight and easy to interpret, the Horns Pattern Identifier is suitable for all timeframes, from Scalping to swing trading, helping traders make timely entries with confidence.
How the Horns Pattern Identifier Works
The indicator scans recent price behavior to detect horns formations, which occur when price creates two relative highs or lows forming symmetrical points. Detection is filtered using a sensitivity parameter to reduce false signals.
Visual Signals
- Green Upward Arrow – Appears beneath the candlestick for a bullish horn, indicating a potential upward reversal
- Red Downward Arrow – Displays above the candlestick for a bearish horn, signaling a possible downward reversal
- Horizontal Dashed Levels – Mark support or resistance thresholds related to the detected pattern
These features make the indicator intuitive and easy to interpret. It does not repaint, ensuring reliability for live trading conditions.
Trading Applications
Traders can use the Horns Pattern Identifier in multiple ways:
- Scalping & Intraday – Catch quick reversals within volatile sessions
- Swing Trading – Identify trend shifts for medium-term position entries
- Confluence Trading – Combine with support/resistance, Fibonacci levels, or momentum indicators for higher-probability setups
By highlighting potential pivot zones, this tool improves entry timing, stop-loss placement, and overall risk management.
Key Benefits
1. Early Reversal Detection
Identifies symmetrical highs and lows that often precede market turning points.
2. Clear Visual Signals
Arrows and dashed levels simplify interpretation across any timeframe.
3. Non-Repainting
Reliable signals for live and real-time trading.
4. Lightweight & Efficient
Minimal chart clutter, suitable for multiple asset classes.
5. Versatile Strategy Integration
Works independently or alongside other technical analysis tools.
Conclusion
The Horns Pattern Identifier Indicator for MT4 by LuxAlgo is a precise and user-friendly tool for detecting high-probability reversal patterns. By visually highlighting bullish and bearish horns formations with arrows and support/resistance levels, it allows traders to anticipate trend changes with clarity and confidence. Suitable for all timeframes and asset classes, this indicator is an essential addition to any technical trader’s toolkit.
