MT Terminal Indicators - Overview by Indicatorspot

Stop Loss Take Profit Indicator

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Great tool for buy and sell signals. A straightforward indicator suitable for both rookie and seasoned traders.

The stop loss take profit is one of best and easy-to-use indicators. You only need to look at the provided entry, point, stop loss, and take profit levels. Simply enter the values, and you are good to go. Remember, no indicator is foolproof. You will want to use other strategies and indicators for signal confirmation.

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Grid Round Numbers Indicator

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The Grid Round Numbers indicator for MT4 draws a grid at round numbers on the chart thus, making these numbers visible on the chart.
Market makers, banks, hedge funds and other big players have the greatest impact in the forex market. These entities place the highest volume or lot size, thus greatly influencing the movement of the market. Their open trades are also placed strategically by placing pending and stop orders on prices with a rounded number.

The rounded numbers used by these big players are key prices called the psychological prices. These numbers are recognized on the chart as a price ending in .00. Thus, these prices are always watched out for by traders who love to trade with the big players in the forex market. The Grid Round Numbers indicator makes this round number visible on the chart to help traders identify them with ease.

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Bollinger Bands Bicolor Indicator

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Best breakout indicator for MT4. Bollinger bands bicolor indicator for MT4. Trend following MT4 indicator.

The Bollinger bands bicolor indicator for MetaTrader is a powerful forex trading indicator for monitoring the market’s volatility. It’s an invaluable tool for checking the trends, breakouts, and bounces in the market.

The bands on the indicator are built with standard deviation to measure the volatility of the market. They expand and contract as price volatility increases and decreases.

This MT4 bicolor indicator is displayed on the main chart window and consists of a moving average plus the upper and lower bands. The values of the upper and lower bands are derived from standard moving averages.

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Profit Indicator

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The Profit Indicator for MT4 uses the 9 and 45 SMA periods to spot good trading signals.

One of the ways trend traders identify new trends forming is through the use of MACD or moving average crossovers. With moving average crossovers, two different moving averages cross over one another to confirm a change in trend. This moving average crossover is used by traders to enter and exit trade, and to ride the trend for long.

Different traders use different moving averages and different periods for different crossovers. The periods of the moving average used depends on whether the trader is a short or long-term trader. The use of moving average crossover is better simplified by using Profit Indicator.

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Candlestick Patterns Scanner Indicator

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The Price Action Scanner Indicator for MT4 gives traders price action insight on all currency pairs in different timeframes.
Keeping watch of all the market currency pairs all the time can be a challenging task. It is even more challenging when traders need to keep watch of multiple pairs in different timeframes. This difficulty can be eliminated by using the Candlestick Patterns Scanner Indicator.

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Gann Signal Indicator

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Ideal indicator for identifying the perfect trade entry point. Perfect detector for trend reversal.

Gann signal indicator is based on Gann angles, developed by WD Gann’s – seasoned stock trader. The angles are powerful trading tools that measure time, price, and patterns while the trendlines provide ideal support and resistance levels. By using these angles, traders can analyze and forecast price movement.

But drawing a Gann’s angle is not a cakewalk. It is time-consuming, quite tedious, and requires utmost accuracy. This task can be quite exciting even for seasoned traders. For rookies, you risk getting it all wrong right from the start.

Luckily, you can use the Gann signal indicator to take advantage of this profitable strategy. The indicator simplifies all the work by displaying arrows indicating buy and sell signals. Therefore, you can take advantage of the trade even if you don’t have a slight idea about what Gann signal.

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HighLow Custom Indicator

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HighLow Custom is the best MT4 indicator for tracking the market high & low and anticipating strong support/resistance levels. Suits any forex trading strategy.
The HighLow Custom indicator continuously monitors the highs and lows of the price for determining solid breakout and swing trading signals.

It provides a detailed overview of the recent price movements by highlighting the peaks and bottoms of the market ranges. Besides, you can unveil key trendlines and trend channels by connecting the highlighted price swing areas.

The HighLow Custom is an MTF technical analysis tool as it fits all the timeframes of MT4. Moreover, you can use it alongside any forex trading strategy that requires high-low price analysis.

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Forex Prediction Indicator

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A suitable tool for forecasting future price movement. Shows the market behavior accurately.
Profiting from forex trading involves predicting the future price movement. Making correct market forecasts can help you take advantage of market opportunities and make handsome profits. In other words, you profit greatly when the trade goes in your direction. But you can’t make predictions with utmost accuracy; trading is largely speculative. What if I tell you there is a tool that can predict the future price trend? As the name implies, the Forex Prediction indicator for MT4 is designed to forecast the trend of any instrument. The indicator measures the strength between the buyers and sellers. It then displays results in a separate window below the main chart.

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Correlation Indicator

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Ideal indicator for predicting future price movement. A suitable tool for visually observing how two currency pairs correlate.
Forex Currency pairs are correlated. The correlation could be positive, negative, or zero correlation. A positive correlation means two currency pairs will follow a similar trend. In other words, the currency pairs would both follow an uptrend when the bulls are in control of the market. Similarly, a downtrend in one currency pair should be exhibited in the other. Essentially, the trend in one is currency mirror reflection in the other pair.

Now, why is correlation important in forex trading? Understanding correlation helps to plan your lot sizing. For instance, trading two currency pairs with negative correlations amount to naught work. The profits from the two trades will cancel each other. On the other hand, opening two trades with a positive correlation is equal to double trading. Therefore, you risk overtrading and risking a substantial portion of your account.

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Volume Divergence Markers Indicator

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Volume Divergence Markers indicator for MT4 Best forex trading signals using divergence and convergence of bar size and volume.

The Volume Divergence Markers indicator for MT4 measures the volume and size of the bars to identify a convergence or divergence between them. A convergence indicates that the volume and size of the bar are moving in the same direction. However, a divergence indicates that when one parameter is moving higher the other one is moving lower. As a result, forex traders can anticipate a BULLISH or BEARISH price reversal and place BUY or SELL trade accordingly.

The indicator works well for new and advanced forex traders applying volume-based technical trading strategies. Furthermore, forex traders can apply the indicator in all intraday and daily, weekly, and monthly price charts. Additionally, the indicator is free to download and easy to install.

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Gann SQ9 / SQ 9 Indicator

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Gann Sq 9 indicator for MT4. Plots future support and resistance using GANN and ZigZAg.Best forex trading entry and exit signals.

The Gann Sq 9 indicator for MT4 is based on the principles of WD GANN. It forecasts the future price direction of forex pairs and draws potential support and resistance lines on the price chart. Moreover, the indicator uses the classic ZigZag MetaTrader indicator to identify the trend changes. Once the Zigzag confirms the trend change, the indicator applies the Gann Sq 9 angles to draw possible future trend lines. These trend lines act as future support and resistance in the Bullish or Bearish trend direction. As a result, forex traders using trend following strategies can use the indicator to identify the best BUY and SELL entry points and possible future reversal points.

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OBV Indicator

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OBV indicator for MT4. Best forex trading signals using trend and volume. Identify BULLISH , BEARISH, and NEUTRAL price trends.

The OBV indicator for MT4 stands for On Balance Volume. The indicator works on the principle that price and volume are highly correlated and volume precedes the price. As a result, the indicator uses the difference in volumes to calculate the net volume to plot the indicator. In a BULLISH market, the indicator moves higher and in a BEARISH market, the indicator moves lower. Moreover, the indicator ranges if the trend is neutral. So, forex traders can place BUY and SELL accordingly and be on the sidelines during a ranging market.

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TrendSignal Indicator

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TrendSignal indicator for MT4 provides the best trend-based forex trading signals with arrows , BUY and SELL using arrow signal.

The TrendSignal indicator for MT4 is a trend following indicator that shows BULLISH and BEARISH arrow trading forex signals. As the indicator shows the arrow signals with alerts forex traders can easily BUY and SELL as the price reacts.

The indicator works best for new and advanced forex traders. New forex traders can use the indicator and identify the direction of trend and price. However, advanced forex traders can use the indicator trading signals in confluence with other indicators. Moreover, coders can incorporate the indicator with auto trading forex software systems. Trend following is an important part of many forex trading strategies, this indicator can be easily integrated into one of them. Additionally, this indicator is available as a free download and can be installed with ease by traders.

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SSL Indicator

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SSL indicator for MT4 provides the best trend-based forex trading signals. Detects early BULLISH and BEARISH trend changes.

The SSL indicator for MT4 stands for Semaphore Signal Level and is a trend following indicator based on momentum. The indicator is good in identifying trend changes and provides the best forex trading signals. The indicator shows the BULLISH and BEARISH price trend based on the location of the dotted indicator line and reacts quickly based on price momentum.

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Stochastic Divergence Indicator

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The super tool to find divergences with classic Stochastic indicator. It supports alerts, multiple timeframes and different types of divergences.

Divergences occur when highs/lows on the price chart and highs/lows on the Stochastic Divergence Indicator chart show different dynamics.
The Stochastic Divergence Indicator for Metatrader allows you to find divergences between price and classic Stochastic oscillator. It doesn’t repaint.
It allows you to:

1. find divergences fully automatically;
2. find divergences on different timeframes;
3. set up divergences display;
4. set up notifications;
5. analyze signals on history.

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Moving Average Indicator

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Moving Average is a super trend indicator that helps you to spot trend reversals & solid breakout levels of the price. A classic tool for forex & stock trading.

The Moving Average indicator smooths out the market fluctuations by applying a distinctive price average. This tool lets you compare the difference between the current price and its average value for determining trend conditions.

Like every trend indicator, the moving average helps you to anticipate the upcoming direction and the possible destination of the price. However, this classic technical tool is not the same as regular exponential and simple moving averages in the market.

The SMA has a lagging issue for which most of the day traders prefer EMA because it reacts way faster than the simple one. So, the developer of this indicator planned to create an advanced moving average that suits all sorts of trading styles and applies to MTF charts.

Furthermore, the moving average indicator is easily customizable. So, you can tune it by yourself whenever required. Nevertheless, its default setting works for all the forex currency pairs and stocks.

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Price Volume Trend MTF Indicator

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Price Volume Trend MTF (PVT) MT4 Indicator helps in determining the price direction and the strength of the price change for trend, intraday, and long-term trading.

The Price Volume Trend MTF (PVT) Forex indicator for MT4 for is one of the best forex technical indicators for trend traders, intraday traders as well as long-term traders.

The indicator helps in determining the price direction and the strength of the price change. In so doing, it helps show the balance between the supply and demand of an asset.

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Range Indicator

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Forex volatility indicator. Range indicator for mt4 shows the rise or fall of volatility in the market.

The Range indicator for MetaTrader is not a trend-following indicator but rather an indicator that tells the volatility of the trend. It shows the rise or fall of volatility in the market. Simply put, it displays the average range of price movements for a trading asset.

The Range indicator for MT4 is a must-have indicator for day, intraday, and swing traders. The indicator does not tell the trend of the market neither does it give a BUY/SELL signal. It works with the volatility of the market which is calculated in range.
It is free to download, doesn’t consume much space, and is easy to use. What’s more, it is simple to read and so, a novice trader can use it as well.

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Price Patterns Indicator

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Perfect price patterns detector. A suitable indicator for potential price continuation and reversal.

The forex market makes price patterns that replicate shapes. It is quite surprising that these shapes are valuable; you can use them for trading profitably. Essentially, the price action forms these peculiar shapes depending on the interaction of different market forces. These price patterns have been tested historically and tend to have an edge that traders can take advantage of.

Now, the problem is identifying these patterns in the market. The forex market tends to move haphazardly, and singling out a pattern is not a cakewalk, especially if you are a newbie. This is where the Price Patterns indicator comes in.

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Higher High – Lower Low Stochastic Indicator

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Higher High–Lower Low Stochastic Indicator For MT4. Best forex trading signals with trend exhaustion and reversal detection.
The Higher High –Lower Low Stochastic Indicator For MT4 identifies when new trends emerge. Moreover, it can find the price correction areas and anticipates price reversals.

So forex traders can identify the best entry and early exit points based on the crossover of the indicator, and divergence between the indicators with the price. As an oscillator, the indicator can be used by forex traders to identify overbought and oversold conditions and trade accordingly. As a result, Forex traders can apply the indicator in multiple methods and use it to trade multiple technical trading strategies simultaneously.

It can be applied to all intraday timeframes and daily, weekly, and monthly price charts. Additionally, forex traders can download the indicator for free and install it easily.

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