2B Reversal Pattern Indicator MT4 + MT5

The 2B Reversal Pattern Indicator marks Victor Sperandeo’s 2B setup – a failed breakout that signals reversal. Also, price pokes above a recent swing high (or below a swing low), closes back inside the range, and the indicator prints a red SELL arrow (or green BUY arrow) on that exact bar. Built for MT4 and MT5 with a configurable swing lookback so you can tune the pattern to your timeframe.

For more like this, browse the more candle-sticks indicators for forex or jump to the full all MetaTrader indicators.

What the 2b Reversal Pattern Indicator does on the chart

Also, the 2B Reversal Pattern Indicator marks Victor Sperandeo’s 2B pattern: a failed breakout that signals reversal. Also, still, the setup forms when price pokes above a recent swing high but then closes back BELOW that high – the high was a fake breakout. The mirror happens at swing lows.

When a bullish 2B fires (price spikes below a recent swing low but closes above it), the indicator plots a green BUY arrow. Thus, when a bearish 2B fires (spike above swing high, close below), it plots a red SELL arrow. In practice, the lookback for what counts as a ‘recent swing’ is configurable.

Key features and settings

• Detects 2B failed-breakout pattern at swing highs (SELL signal)
• Detects 2B failed-breakdown pattern at swing lows (BUY signal)
• Configurable swing lookback for what counts as a recent extreme
• Arrows fire only on the bar where the failure confirms (close back inside)
• Works well at intraday session highs/lows
• Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels can be toggled independently from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
• Built for both MT4 and MT5; works on every timeframe and every symbol your broker offers.
• Lightweight code that does not slow down the chart.

Setting	Description	Default
SwingLookback	Number of bars back used to define the most recent swing high/low	6
ArrowOffsetPoints	Arrow offset from the candle wick	40
EnableAlerts	Master alert toggle	true
EnablePopup	Popup on 2B confirmation	true
EnablePushNotify	Mobile push	false
EnableEmail	SMTP email	false
EnableSound	Play sound	false

How to read signals from the 2b Reversal Pattern Indicator

The 2B is a confirmation tool, not a leading one. Also, still, hence, the arrow fires only AFTER the failure close – so by definition the pattern is complete when you see the signal.

Entry idea (long). Wait for the green BUY arrow at a recent swing low. Next, stop sits below the failed swing low itself. Target the prior range high.

Entry idea (short). Wait for the red SELL arrow at a recent swing high. Then, stop above the failed swing high.

Exit idea. 2B targets are typically the opposite end of the range that produced the swing.

Tuning the 2b Reversal Pattern Indicator inputs

Start with the defaults, then tune for your market. As a result, SwingLookback (default 6) tunes how the calculation behaves. Every alert channel — pop-up, sound, email and mobile push — toggles independently in the same inputs panel, and alerts fire once per closed bar.

Recommended timeframes and instruments

this indicator needs room for structure to form, so favour the higher timeframes.

• H1 and H4 for reliable, tradable structures.
• Daily for the cleanest patterns and levels.

Below H1 you get frequent, lower-quality structures. Thus, yet, it works best on the majors and XAUUSD where swings are well defined.

How to install on MT4 and MT5

Installation is the same for every indicator on this site. Also, still, hence, truly, unzip the download, copy the compiled .ex4 into your MT4 MQL4/Indicators folder (or the .ex5 into MT5 MQL5/Indicators), refresh the Navigator, then drag it onto the chart. For the full step-by-step with alert setup and troubleshooting, see our guide to installing MT4 and MT5 indicators.

Best practices and tips

• Wait for the pattern to complete and confirm with price action before acting.
• Add a momentum check so you are not catching a falling knife.
• Wait for the bar to close before acting on a signal.
• Backtest your configuration on at least 200 closed bars before trading live.
• Keep position sizing small while you learn how the tool behaves on your instrument.
• Review your results weekly and prune settings that underperform.

Get the 2b Reversal Pattern for MT4 and MT5

One email unlocks the full library. This the tool plus the other 1,382 free MT4, MT5 and TradingView indicators we publish and maintain. Next, plainly, typically, no paywall, no upsell, same opt-in for all of them – you give an email once and you can grab every tool we ship.

Enter your email and the file lands in your inbox right after. The download is free.

Built by forexmt4systems.com

This it is one of 1,383 free MT4, MT5 and TradingView indicators we publish and maintain. Also, every tool ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files, a 4-channel alert system (popup + mobile push + email + sound), and is loaded on EURUSD H1 before release to confirm it draws cleanly without repainting. Then, the same one-step email opt-in below unlocks the entire library – not just this one indicator.

FAQ

What does the 2b Reversal Pattern measure?

It plots a clear signal layer that the 2b Reversal Pattern computes from recent price and volume on the chart.

Is the indicator non-repaint?

By default the indicator only confirms a signal on the bar close, so the printed signal locks in once that bar closes. Thus, yet, still, some users prefer the early intra-bar mode for faster signals — both options are in the inputs.

Which timeframe should I use?

There is no single best timeframe. In addition, m15 to H1 is a common starting point for intraday traders, and H4 to D1 works for swing traders. Backtest the configuration on the timeframe you actually trade.

Does it work on instruments other than forex?

It works on any instrument MT4 and MT5 supports — forex majors, gold (XAUUSD), indices like US30 and NAS100, and major cryptos. Thus, fast-moving instruments may need a smaller period setting.

Can I add alerts?

Yes. Also, still, hence, truly, hence, pop-up, sound, push, and email alerts live in the inputs panel. On MT4 and MT5 the alert plays on the bar close that triggers the signal. Next, this indicator ships with full alert functionality built in: popup alerts on the chart, push notifications to mobile MetaTrader, email alerts, and a sound alert with a configurable .wav file. you toggle each channel independently from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Alerts trigger once per closed bar.

For external background reading, see the technical indicator basics. Are results guaranteed?
No. Trading involves risk. Results are not guaranteed. Past performance is not indicative of future results. Use the tool as one input. Always backtest before trading live.