MT Terminal Indicators - Overview by Indicatorspot

Forex Trend Scanner Indicator
Forex Trend Scanner helps you to find the prevailing trend. You can take advantage of the tool to manage your trading.

Are you a newbie trader and cannot find the directional bias in the market? Are you an older trader but still not aware of trend reversals? Forex Trend Scanner is an excellent indicator that tells you the continuation or reversal of a trend.


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My Price Action Indicator

My Price Action Indicator is a simple tool to analyze the buying or selling pressure in the market. You can use the tool to manage the opened trades or use it as a trading strategy.



My Price Action is a custom indicator that indicates important candlesticks where potentially a significant price change is expected. The indicator has different indications. First, it marks arrows above or below the candlesticks. The color of arrows also indicates certain price action.

However, the arrow indications cannot be considered a standalone signal for buying or selling. Therefore, you may need to understand the different indications and their interpretation before using them in your trading.

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i-Session Indicator

i-Session indicator helps you to determine the price range and price action during a peculiar trading session. You can use the information to forecast and trade.

i-Session is a session separator indicator. It distinguishes Asian, European and American sessions on your chart. You can take benefit from the most volatile sessions or hours without any hassle. You can color code each trading session. Now, you know what the current trading session is.
The indicator is helpful to find the price behavior and price range during the particular session.

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Trend Signal Indicator

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The Trend Signal Indicator for MT4 helps forex traders to identify new trends at a quick glance.

Many forex traders want to enter a new trend early and ride it for a long time.
As profitable as this strategy is, only a few indicators can effectively signal a new trend.
One of the best indicators that helps traders to spot a trend is the Trend Signal Indicator.

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Xmaster Formula Indicator

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Xmaster Formula Indicator for MT4 best forex technical trading strategy. Shows BUY and SELL arrow trading signals and trend directions.

The Xmaster Formula Indicator for MT4 has a complex engine combining Moving Averages, RSI, and MACD behind the scenes. But, the output is a clear BUY or SELL arrow trading signal and a BULLISH and BEARISH trend indicator.
The indicator is best suited for both new and advanced forex technical traders using any trend following trading strategy. The indicator works well in all intraday chart timeframes and the daily, weekly, and monthly charts too. Additionally, the indicator is free to download and easy to install.

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TDI RT Indicator

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TDI RT Indicator for MT4 Best Non repainting forex trading indicator. Indicates BULLISH and BEARISH price trend with BUY and SELL signals.
The TDI RT Indicator for MT4 (Trader’s Dynamic Index – Real-Time) is a combination of RSI, Moving average, and Bollinger bands. The TDI is a well-developed system with a long history of application in the forex market. So, the indicator’s ability to identify the BULLISH and BEARISH price trends and provide traders with the best BUY and SELL signals are appreciable.

The indicator works well in all intraday charts and daily, weekly, and monthly price charts. It is suitable for new and advanced forex traders. Furthermore, the indicator is free to download and easy to install.

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Market Profile Indicator

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Market Profile Indicator for MT4 provides Point of control histogram that Indicates trading zones with substantial BUY and SELL trade.

The Market Profile Indicator for MT4 displays the price levels and zones where increased trading activity happens. These zones with substantial forex trading activity provide the forex traders with the best entry levels, support, and resistance levels. Moreover, price levels indicate the best reversal zones. As a result, forex traders can identify BULLISH and BEARISH market trends and BUY and SELL entry points as well as the best reversal points.

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Elliott Wave Count Indicator

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Elliott wave count indicator best forex technical trading strategy using MT4. Identify BULLISH and BEARISH trends, BUY and SELL points.


The Elliott wave count indicator for MT4 is the best indicator to identify the waves and count them. This visual representation enables the forex technical trader to excel in the Elliott wave trading strategy. Additionally, the wave count enables the trader to identify the BULLISH and BEARISH trends and the best BUY and SELL entry points.

The indicator is best suited for new and experienced forex traders as the indicator calculates the waves automatically. Advanced traders can use Fibonacci levels and additional indicators to confirm the trading signals. Additionally, the indicator is free to download and easy to install.


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Double FIB Indicator

Double FIB indicator for MT4 draws two Fibonacci indicators and draws support, resistance automatically.

The Double FIB indicator for MT4 plots two Fibonacci levels indicator on the price chart, with both of them complementing the other. The construction of both Fibonacci indicators makes it easy to identify the best SUPPORT and RESISTANCE lines and entry points. Because the support and resistance lines that are plotted at the same level make them the best tradeable levels.

The indicator is best for both new and experienced forex traders. New forex traders will find it easy to identify and plot both the BULLISH and BEARISH FIBs. The indicator works in all intraday timeframes and daily, weekly, and monthly charts. Additionally, the indicator is free to download and easy to install.


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RSI Divergence Indicator

Combine the standard RSI indicator with divergences. Evaluate oversold and overbought conditions.



The standard RSI indicator is prone to false signals and sometimes doesn’t show overbought and oversold zones. The RSI Divergence Indicator combine divergences with the classic RSI to give you an overall idea of where the price might be heading next.

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Spread Indicator

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The Spread indicator allows you to calculate the lowest, average, and maximum spread of any currency pair for whatever period you want to analyze.
When analyzing spread changes between different forex brokers, the indicator comes in handy.


The Spread indicator for MT4 works is a useful tool for determining the overall spread of a currency pair. It can show pair’s minimum spread so that you can take your positions accordingly.

As with any other technical indicator, you should use the indicator as a filter and combine it with other technical indicators for going long or short.

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Price Channel Indicator


Price Channel Indicator for MT4. Identify upper and lower price channels.

A Price Channel indicator helps to determine an asset’s price oscillations between three parallel lines, either horizontal, ascending, or descending.
The indicator is quite useful in identifying breakouts, which is when a currency pair’s price breaches either the upper or lower channel.

The indicator allows you to take gain from the price bounce between the support and resistance lines. It also helps in identifying breakouts.
As always, it is best to combine the indicator with other indicators to confirm the price trend.


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Trend Quality Indicator

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Excellent trend detector. Free download. A perfect indicator for showing when the market is trending and when there is “noise” in the market.

You have probably heard that the trend is your friend. However, the market does follow a smooth established trend. We know the market moves in a cyclic, up and down trajectory in most cases. Therefore, the major task for traders is to determine the market trend. Luckily, the trend quality indicator for mt4 – download free is designed to help traders with trend detection and estimation. David Sepiashvili designed the Trend Quality Indicator to determine when there is a smooth trend and noise in the market. The trend quality indicator measures price changes over a period of time and relates them to the market noise.


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TDI RT Alerts Divergence Indicator

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Determine the current strength of a trend, and measure volatility with the help of TDI RT Alerts Divergence indicator.

The Traders Dynamic Index indicator is a fusion of indicators. A trader can monitor the market situation from several perspectives using the TDI RT Alerts Divergence. It assists in determining the direction and strength of a trend, as well as market volatility.

The TDI RT Alerts Divergence indicator is a great tool for determining market trends and volatility. It is recommended to use on assets with stable volatility like the major forex pairs.

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Auto Fibonacci Retracement Indicator

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An excellent tool for plotting Fibonacci levels easily. Free download. A suitable indicator for perfect trade entry and exits points.

The Auto Fibonacci Retracement indicator enables technical trades to plot the Fibonacci levels with ease. The indicator does not provide the entry and exit signal by itself. However, the Fibonacci levels provide excellent entry and exit points. Therefore, it is advisable to use the indicator in combination with other tools to establish confluence.

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Average Directional Index Indicator

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Pinpoint the current strength of a trend with the help of ADX indicator for MT4. Accurate buy/sell signals.

The Average Directional Index also known as ADX is a technical indicator that determines trend strength.
The indicator is an average of increasing price range values.

ADX is a helpful tool for determining the overall strength of a trend. Like any other technical indicators, you should combine the ADX with other indicators to confirm the direction of the trend.

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Candle Patterns Indicator

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Topnotch detector of candlestick patterns. Indicator for price action enthusiasts. Free Download. Superb indicator for providing price reversal and continuation signals.



Candle patterns indicator are favorites for price action traders. There are numerous candlesticks patterns in the forex market, categorized as bearish and bullying candle patterns. The candle patterns usually consist of one or more candles. Some common candlesticks include the Doji, pin bar, evening star, hammer, morning star, shooting stars, engulfing pattern, harami, and piercing line.

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Market Profile Trendlines Indicator

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Find out the exact location of the price action with the help of Market Profile indicator for MT4.

The Market Profile Trendlines indicator depicts price density over time, highlighting the most important price levels, value area, and control value for a specific trading session.
The indicator is constructed by combining data from the volume, time, and the number of ticks at specific levels during a defined period.

Market Profile Trendlines indicator is a great tool for locating every single price move in a current period. It is better to use the indicator with other technical analyses like the Simple Moving Averages to confirm the direction of the price action.

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TDI Indicator

Ideal indicator for sell and buy signals. Free download. A perfect tool for identifying suitable trade entry and exit points.

The Traders’ Dynamic Indicator (TDI) was designed by Dean Malone. It is based on the Relative strengths index (RSI), Moving Averages, and Bollinger band. The integrated indicators great provide trades signals and a clear picture of the market movement.

The traders’ dynamic indicator is a great tool for identifying sell and buy signals. Essentially, you only have to wait for the line to cross and enter your positions. Remember the indicator comingles RSI, Moving averages, and Bollinger bands indicators. This means you can use the indicator as a stand-alone strategy. However, it is prudent to combine with other strategies to get more perfect trade entries.

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Best Scalping Indicator

Find accurate buy and sell signals with the free Best Scalping Indicator for MT4. Works on all timeframes.

The Best Scalping indicator for MT4 is a trend indicator that works with all currency pairs.
Trading using the Best Scalping indicator is simple since you only need to follow the buy/sell arrow signs.

The Best Scalping indicator provides you with quality buy and sell signals. To boost your trading strategy, you can combine the indicator with other technical analysis.

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