MT Terminal Indicators - Overview by Indicatorspot

Previous High-Low Indicator

The super tool to find important levels of support and resistance. High-Low indicator never repaints, it really works in Forex and other markets. Highly recommended for intraday traders.

The Previous High-Low indicator for Metatrader 4 uses data from higher timeframes to build:

1. High of the Previous Day / Week / Month / Year.
2. Low of the Previous Day / Week / Month / Year.

Because governments, major banks and big hedge funds pay attention to Highs-Lows on Daily / Weekly / Monthly timeframes in order to implement their strategies to manage capital.
The Previous High-Low Indicator for Metatrader 4 works on automatic. It allows you to:

1. take into account support and resistance from higher timeframes;
2. place trades near really important levels;
3. combine important Highs-Lows and signals from other indicators.

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Ichimoku Kinko Hyo Indicator

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The Ichimoku Kinko Hyo is a versatile indicator that has useful components that help you determine dynamic support and resistance levels, and also identify trends.
The Ichimoku indicator is one of the most popular forex trading indicators, and for the right reasons. It predicts market trends with reasonably high accuracy and serves as an important dynamic support/resistance.

True to what the developer intended the indicator for, the Ichimoku does give you a useful insight into what is going on on a currency pair. In addition to that, it can fit into any forex trading style and strategy. It’s not surprising that it has managed to remain in existence after over 5 decades of its development.

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TMA Centered Bands Indicator

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The TMA Centered Bands Indicator for MT4 draws bands on the chart and tells you the overall price trend. It plots three bands of red, green, and red-green color.
The top bands comprise red color, the lower band consists of red color, while the middle band depicts the red-green color.
The bands are made up of moving averages, and each one of them has a MA period. The name TMA comes from triangular moving averages, as the indicator draws triangular bands.

The price will fluctuate between these bands whenever a trend changes its course, thus producing entry and exit points.

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SupDem Indicator

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The SupDem Indicator is designed to trade on Supply & Demand zones. It determines them by the behavior of the price.

1. If the price turns sharply upwards, it means that demand significantly exceeds supply.
2. If the price turns sharply downwards, it means that supply significantly exceeds demand.

It does not matter what influencing factors caused the reversal – fundamental or technical. All factors are summed up in the ultimate forces of supply and demand.

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OsMA Divergence Indicator

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The OsMA Divergence Indicator for Metatrader allows you to find divergences between price and classic OsMA oscillator. It doesn’t repaint.
The indicator allows you to:

1. find divergences fully automatically;
2. trade on daily, weekly and intraday charts;
3. analyze signals on history;
4. set up divergences display.

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Bollinger Squeeze Advanced Indicator

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The Bollinger squeeze advanced indicator for MetaTrader is designed based on the regular Bollinger bands obtainable on most MT4 platforms. This indicator was however designed to function like an oscillator which helps to keep it out of the main chart. It oscillates above and below the zero level of the indicator’s window to price movement.

The Bollinger squeeze advanced indicator is integrated with more technical features that help you gauge the volatility of the market. The indicator is also designed to automatically reflect the ever-changing market sentiments. This helps you to get a clearer perspective of what’s happening in the market.

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Swing Point Highs and Lows Indicator


The Swing Point Highs and Lows Indicator is an MT4 indicator that tells you about recent swings. By applying the indicator, you can go long or short easily.

The indicator comes with major/minor swing colors along with their sizes and a moving average. In addition, whenever there is a change in trend, the indicator draws a major and a minor circle.

The moving average act as a cautionary guide to confirm the swing lows/highs. Therefore, whenever a trend changes its course, you can have the opportunity to trade accordingly.

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ROC Multi Currency Indicator


The ROC Multi Currency Indicator for MT4 tells you about the rate of change of the selected currencies. The indicator comes with the four currencies, each distinct their own way.

It presents you with four lines of red, green, blue and orange color. When you first apply the indicator, the lines look like waves.
The indicator draws the strongest currency as green, while red is the weakest of them all. The blue and the orange color reflects the second strongest and weakest color.

The default currencies of the indicator are EUR, JPY, CHF, and USD. Whenever these currencies fluctuate, the ROC Multi Currency Indicator draws a weaker or a stronger wave for the currency.

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Trend Market Reversal Indicator


The trend market reversal indicator for MT4 simply plots two EMAs to present you with a direction of the trend.
The indicator comprises two EMAs; one with the faster period and the other with the slower period. When there is a downward trend reversal, the slower EMA crosses above, the faster one. Conversely, when there is a downward reversal, the faster EMA crosses above, the slower one.
The two EMAs are known as Signal-up and down EMAs. As the name suggests, one EMA signals upward momentum, and the other shows downward push.
Using the indicator, you can find multiple trading opportunities, giving multiple entries and exit points.

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Key Level Indicator

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The key level indicator for Metatrader is the best forex trading tool that can be incorporated into different trading styles. This multi-timeframe indicator is efficient in detecting trading zones where price is likely to reverse, re-test, bounces, or breakouts. The identified zones are usually core support and resistance areas where buyers and sellers react. The indicator automatically draws the level by scanning through the charts for zones with significant price rejection plus other technical analysis.

This MT4 indicator is so powerful because it doesn’t just identify a key level on a one-time frame alone. It rather identifies a key level that is in sync with all time frames. For instance, a key level spotted by the indicator on H4 would also be valid on H1 through to the lower time frames. It’s indeed a unique trading tool.

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Price Alert Indicator

A simple and effective tool to save time, catch trends and trade more systematically. Price Alert is your reliable assistant in Forex. Compatible with all timeframes.

Not all levels are the same in the market. Some act as strong support and resistance levels, so it is important for traders to know when price reaches them.
The Price Alert Indicator works as an assistant to inform you when important information arrives.
Add the indicator to your chart, set the support and resistance levels you are interested in, and the indicator will let you know right away when the price touches them.

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Trend Master Indicator


Trend Master Indicator is a simple MT4 indicator based on a current trend. It tells you the overall direction of the price trend by pointing arrows on the chart.
The arrows come in two forms; blue and red. The red arrow suggests that the current trend is downwards. Thus, it is a bearish signal.
On the other hand, the blue arrow illustrates that the present trend is moving upwards. Therefore, it is a bullish signal.
Whenever a trend changes its path, the Trend Master Indicator will alert you by drawing a blue or a red arrow. Therefore, whenever a trend changes its course, you can have the opportunity to trade accordingly.

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Overbought and Oversold Indicator


The Overbought and Oversold indicator for MT4 provides arrow-based forex trading signals on the price chart. Additionally, it provides trading signals based on a histogram in a separate window. So, technical forex traders can combine both the signals and trade accordingly.
In fact, the indicator works well for new and advanced forex traders and works on all intraday charts and daily, weekly and monthly charts.

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Uni Volume Delta Indicator


The Uni Volume Delta indicator is an easy-to-follow mt4 indicator that draws bars on the chart to illustrate the market volume.
The indicator comprises three bars: up, down, and neutral. When there is a bullish trend, the indicator plots a green bar, while a bearish trend draws a red bar. The neutral bar pops up when there is little to no volume.
The structure of the bar resembles the candlesticks. Therefore, applying the indicator looks identical to the candlestick you see on the chart.

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Trend Direction Indicator
The trend direction indicator follows the footsteps of the ATR (Average True Range) indicator and draws the lines in the direction of the trend.
The indicator comprises an ATR line with an up and down arrow to tell you the course of the trend. When the trend direction indicator plots an up arrow, it means there is an upward trend. On the other hand, when the indicator draws a down arrow, it signals a downtrend.
Having this indicator on your side is handy as it can highlight where the trend is heading next. In addition, the ATR smooths the process by reducing false signals.

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Breakout Box Indicator


A breakout trading is one of the most traded techniques in the forex industry because of its potential to deliver massive pips. The breakout box indicator for MetaTrader is the best forex indicator for trading breakouts. The indicator identifies and automatically draws a rectangle box around a significant support or resistance zone.
This MT4 indicator does the technical analysis on timeframes that are less than 4hours. It doesn’t draw the rectangle boxes on timeframes that are higher than H1. It is also worthy to state that the breakout box indicator works best on the H1 timeframe. Additionally, the indicator can also be incorporated into different trading styles such as scalping, day, and intraday trading.

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TMA Indicator

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The TMA or triangular moving average is a simple MT4 indicator that draws one moving average on the chart.
The indicator focuses on the price action and presents the direction of the trend. When the TMA is below the price, it suggests an upward trend. Conversely, when the indicator is above the price, it signals a downward trend.

Consider Triangular Moving Average indicator like a normal moving average. Like the traditional MA, you can apply any other indicator with the TMA to get more accurate info.

The indicator gets the name triangular because of its structure. It forms a triangular wave-like structure to tell the direction of the trend.

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Auto Andrews Pitchfork Indicator

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The super tool to find trend line and important levels of support and resistance. Auto Andrews Pitchfork Pitchfork indicator really works in Forex and other markets. Compatible with all timeframes.

Dr. Alan H. Andrews was a respected trader, technical analyst and teacher.
Andrews argued that the laws of physics could be applied to price movements. His course was called “Median Line Method” and sold for $1,500 in the 1960’s and 1970’s.

Andrews taught that to construct a median line, you have to:

1. Identify three points of extremes P1, P2, P3 (as shown in the chart below).
2. Draw a line from point P1 through the midpoint of line P2-P3.

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Tick Volume Indicator

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The tick volume indicator is an MT4 indicator that highlights displaying the volume of a currency pair.

It forms several bars on the chart, creating a wave-like structure. The bars come in various colors. When there is little or no volume, the indicator draws red and golden color bars. On the other hand, the indicator illustrates blue and green colors when there is a significant volume.

As a trader, the indicator comes in handy when deciding whether to jump in or wait for the volume to occur. As we know, volume is one of the most important factors in determining the pair’s strength, so by applying the tick volume indicator, you can determine overall entry points.

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Zone Indicator

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The Zone indicator for MetaTrader is a forex trading tool that automatically plots levels of strong support or resistance on the chart. The indicator would come in handy for forex traders that rely on support and resistance strategies and the trend traders.

The Zone indicator does all the technical analysis and plots out zones that have a high probability of being respected by price. This gives you the advantage to quickly make informed trading projections and anticipate price reactions as it approaches such a zone.

The indicator would be beneficial to novice traders still trying to get a grasp on how to draw relevant pivotal levels. The pro traders are not left out either: the indicator takes away the hassle of having to draw such a support or resistance level daily.

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