Three Bar Reversal Pattern MT5 – Detect Trend Reversals Fast

Three Bar Reversal Pattern Indicator v1.0 MT5 – Spot Market Reversals Fast

Ever feel like you're catching reversals too late? Or worse, jumping in too early and getting burned by fakeouts? Yeah, been there. But the Three Bar Reversal Pattern Indicator v1.0 for MT5 changes the game. This smart little tool is built to spot reliable reversal signals—without repainting or flooding your screen with noise.

And guess what? It’s totally FREE to download at ForexFactory.cc—powered and verified by the trusted devs at YoForex.

Whether you're scalping EURUSD on M5 or just hunting clearer entries, this one's worth a spot in your toolbox.

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

This MetaTrader 5 indicator automatically detects classic three-bar reversal patterns—a tried-and-true method for catching shifts in market direction. It doesn't just stop there. It uses internal logic to filter noise, so you only get the high-confidence setups.

The indicator monitors EURUSD on the M5 timeframe and highlights bullish or bearish reversal signals directly on your chart—clean, no fluff, just actionable info.

Built by YoForex and tested in real environments, this tool gives you an edge in timing trades before big moves happen.

Key Features

• Automatically detects 3-bar bullish/bearish reversal formations
• Works perfectly on EURUSD, M5 timeframe
• Non-repainting signal generation
• Trend filter built-in to avoid false signals
• Arrows and color-coded signals for instant readability
• No lag in signal alerts
• Great for scalping, swing entries, or confirmation setups
• Lightweight, doesn't slow down MT5 platform
• Free lifetime access from ForexFactory.cc
• Plug & play setup—no config headaches
• Ideal for manual trading, prop firm strategies, or EA confirmation
• Created and verified by the YoForex dev team

How Does It Work?

The Three Bar Reversal Pattern consists of—surprise—three candles:

A candle with a strong directional move.

A small-bodied candle showing indecision.

A reversal candle closing opposite to the first.

When this pattern forms near key levels, it’s often followed by a swift momentum shift. The indicator captures this pattern automatically and pops up a signal arrow—green for long, red for short.

It filters patterns based on trend alignment and price action context. So you're not getting every random zigzag—just the juicy setups.

Ideal Trading Conditions

Currency Pair: EURUSD

Timeframe: M5

Works best during London & New York sessions

Combine with RSI or moving averages for confluence

Can be used for manual scalping or signal confirmation in EAs

Backtest Insight & Live Testing

While pattern-based indicators aren’t usually backtested the same way EAs are, we ran visual backtests on MT5 to assess performance. Here's what we found:

Over 300 reversal signals across 30 days of M5 EURUSD data

68% average signal accuracy when used with trend filter

Lowest false signal rates during NY session overlap

Better performance in trending environments

Live demo testing on a YoForex test account revealed:

12–18 signals per day (depending on volatility)

Average signal-to-confirmation time: ~5 candles

Pairs well with MAs, Bollinger Bands, or SMC concepts

Installation & Setup Guide

Installing this MT5 indicator is a breeze:

Download the .ex5 file from ForexFactory.cc

Open MetaTrader 5 → Go to File > Open Data Folder

Navigate to MQL5 > Indicators

Paste the .ex5 file there

Restart MT5

Go to Navigator Panel > Drag Three Bar Reversal Pattern to your chart

Adjust input settings if needed (defaults work great!)

Why Choose YoForex Tools?

YoForex isn’t just slapping together random indicators. Each tool is:

Backtested in live environments

Updated regularly with performance tweaks

Built by pro devs + real traders

Hosted free on ForexFactory.cc—no subscription tricks, no trial walls

Also, you get free lifetime updates, exclusive Telegram access, and full compatibility with MT5 build 1420+.

Support & Disclaimer

Got issues? No worries.

WhatsApp Support: https://wa.me/+443300272265

Telegram Group: https://t.me/yoforexrobot

Disclaimer: This tool is for educational and research purposes. Past performance is not a guarantee of future results. Always test in demo first before going live.