Reversal and continuation dashboard (MT5) — review, price and free alternatives

Developed by Jerome Tommy Bodden for MT5, the indicator combines ADR, AWR and AMR intelligence with a multi-timeframe consensus to surface reversal and continuation opportunities in one consolidated view.

What makes Reversal and continuation dashboard unique is its combination of professional range statistics and a consensus filter that reduces noise from single-timeframe false signals. The algorithm measures daily, weekly and monthly ranges and evaluates whether price is overstretched or building momentum. When consensus aligns across selected timeframes, the dashboard issues entries that favor mean-reversion near extremes or momentum continuation on breakout confirmation. The system is especially effective in liquid forex and major index CFDs where range metrics are stable.

Risk management is explicit: stops are calculated using ATR multiples with optional fixed pip limits, and position sizing adapts to account risk settings to preserve capital during extended drawdowns. Expected performance characteristics include steady monthly returns with intermittent periods of consolidation, higher win rates on reversal setups and larger average winners on continuation trades. The Reversal and continuation dashboard is a professional-grade tool that prioritizes clarity, parameter control, and MT5 integration for traders focused on systematic decision-making.

Reversal and continuation dashboard presents a moderate risk profile when used with recommended settings. The stop loss strategy is ATR-based, typically set between 1.5x and 3x ATR depending on volatility filtering, which helps account for normal price swings. Position sizing is recommended between 0.5% and 1.5% risk per trade, scaling down on correlated positions. Vulnerabilities include low-liquidity sessions, major news events that expand ADR beyond historical norms, and assets with irregular range behavior. Jerome Tommy Bodden designed the tool to support disciplined risk controls within MT5.

Install the indicator file into the MT5 Experts or Indicators folder and restart the platform. Attach the Reversal and continuation dashboard to a chart and enable live data for multiple symbols in the dashboard settings. Configure key parameters: ADR/AWR/AMR lookback periods, ATR multiplier for stops, and maximum risk per trade. Preferred broker types are ECN or STP with low spreads and fast execution. Optimal chart timeframes include H1 for active strategies and H4/D1 for lower frequency, higher confidence signals. Begin with a 3-month forward test on a demo account and validate settings with out-of-sample data before live deployment.