MT Terminal Indicators - Overview by Indicatorspot

GAP Finder Indicator

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GAP Finder 01 Indicator For MT4 provides BUY and SELL forex trading signals using Bullish and Bearish price gaps. Free to download and easy to install.

The GAP finder indicator for MT4 scans the price charts and alerts if there is a BULLISH or BEARISH gap. Moreover, the indicator plots the closed gaps in history. Forex technical traders can use these gaps and trade them using open and closed gap technical strategies.

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Head And Shoulders Indicator

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Head and shoulders scanner indicator for MT4 scans the charts automatically and provides BUY and SELL forex trading signals.Free to download and install.

The Head and shoulders indicator for MT4 automatically scans the chart for head and shoulders candlestick patterns. Obviously, the scanner shows the Symbol, Timeframe, Direction, Pattern Name, Age, and Chart time frame in which the head and shoulders pattern is identified.

Furthermore, the scanner displays the inverted head and shoulders pattern also. So, forex traders can BUY or SELL based on the head and shoulders candlestick pattern. Additionally, the indicator also scans and plots emerging head and shoulders patterns. So, forex traders can follow the pattern and prepare technical trading strategies in advance.

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MA Rainbow Indicator

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The MA Rainbow indicator for MT4 is a set of Moving Averages. It helps the forex trader to identify Bullish and Bearish price trends as well as trend reversals. So, forex traders can use to BUY and SELL using the trading signals of this indicator. Moreover, trend trades can ride the trend and exit at opposite signals. The Moving averages in the rainbow effectively act as support and resistance.

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Pip Value Calculator Indicator

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The Pip Value Calculator is an automatic MT4 trading value indicator. It determines the price value changes per pip based on your account deposit currency and expected trading lot size.

Apart from technical analysis, traders require to manage risks by adjusting their trading volume. For busy traders, it becomes hard to calculate the value per pip and adjust lot sizes during active trading hours. Especially if you are a frequent trader, you need to be quick in decision-making to avoid missing other ongoing opportunities. In this regard, a quick pip value calculation tool may help boost the speed of your risk calculation process.

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Center Of Gravity Indicator

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The Center Of Gravity indicator for MetaTrader is a non-lagging indicator, powerful for spotting reversal zones in a forex chart. This oscillator indicator, popularly known as COG, was designed based on John Ehlers’ system as presented in 2002.

The MT4 indicator automatically compares past accumulated history data with the current price and then determines the support or resistance zones. It is a powerful trading tool because of its nearly zero lag features in reading the reversal points. And it does it with high accuracy which makes it very effective in catching price swings timely.This in turn helps you to quickly detect clear reversal points of price and anticipate the further reaction.

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Center Of Gravity V3 Indicator


The Center of gravity V3 indicator for MT4 plots a series of lines that indicate the overbought and oversold levels of a trading instrument. Furthermore, the indicator plots a Green middle line that acts as a center of gravity. The indicator anticipates that if the price reaches extreme overbought or oversold conditions it will reverse the direction and move towards the center of gravity line. So, forex traders can anticipate Bullish and Bearish market reversals at extreme oversold and overbought levels and BUY or SELL accordingly.

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EntryExit-Trend Indicator

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EntryExit-Trend Indicator For MT4 provides trend based BUY and SELL forex arrow trading signals with a trend line. Free to download and easy to install.

The EntryExit-Trend indicator for MT4 provides forex trading arrow signals based on the trend while using the ATR for the best entry and exit points. So, forex trend traders can use the arrow trading signals to ride the trend and trade them successfully. The trend line guides the trader with a visual representation of the current market trend. So, the indicator provides the forex traders with an opportunity to ride the trend and to exit the trade earlier if necessary.

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TradingSessions Indicator

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The use of the trading sessions indicator to increase the profitability of the trading system: an overview, the use of the indicator and its settings.

One of the main reasons that the forex market is attractive for trading is its round-the-clock trading hours. The high number of participants engaged in trading operations at all hours of the day and night creates high volatility. This, in turn, gives an opportunity to find the entry points for potentially profitable deals. The 24-hour forex market operation is the reason that during the active work of some traders, other market participants have a rest. For example, such traders can be from both Western and Eastern countries. Unfortunately, by default, there is no indicator in the MT4 terminal, which would display the moment of entering the market by traders from any continent or country.

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TRIX.Crossover Indicator

The indicator shows trend entry points with a triple exponential moving average. The possibilities of the indicator combined with various settings will help you use it effectively in your trading strategy in the forex market.

Some indicators in the MT4 terminal, unfortunately, are not always useful enough in their application. This is often due to the fact that the default indicators are unable to analyze the forex market 100%. That is why the TRIX.Crossover (“Trix”) moving averages indicator was created. It is an updated version of the Moving Average trend indicator.

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Round levels Indicator


Analysis of the behaviour psychology of forex market participants by using the round levels indicator. Increasing the trading system profitability thanks to the insight into the behaviour of traders near the round levels.

Unfortunately, the basic settings of the MT4 terminal don’t include any indicator that automatically draws key price levels on the chart.
The free RoundLevels indicator can help with the construction of such levels.

The RoundLevels indicator automatically draws round levels on the chart. They’re also called psychological levels.
Round levels are considered as levels equal to integer, half and quarter values. For example, these levels can be the following price numbers: 1.10000, 1.10500 and 1.10250, respectively.

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i-GAP Indicator


The i-GAP is a simple indicator for MT4 that draws arrows on the chart to depict market gaps.
It plots two arrows, one depicting a downward gap and the other illustrating the upward gap. With these arrows, you can find the overall market sentiment.
With an upward arrow, i-GAP shows you fewer traders are willing to sell than buyers. Conversely, with a downward arrow, the indicator presents that there are fewer buyers than sellers.

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1-2-3 Pattern Indicator

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The 1-2-3 Pattern indicator for MT4 specifies the three points pattern at the end of the trend. The indicator plots a zig-zag pattern with three points. These points or lines are; High/low, entry, and Fib. That’s the reason why it is called the 1-2-3 pattern.

The Fibonacci levels add up with this non-painting zig-zag pattern and pinpoint five Fibonacci levels.
These Fibonacci levels, along with the non-repainting zig-zag pattern of three lines, detect the price action. Generally, the indicator is useful for price action strategies because of its ability to illustrate price action trends.

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Awesome Oscillator Indicator

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Best for forex & stocks traders seeking consistent trend signals. Suits trend-following strategies & MTF charts.

The Awesome Oscillator (AO) is an MT4 momentum indicator. It closely monitors the price-action changes, determines market momentums, and delivers possible trend reversal signals.

Besides trend signals, Awesome Oscillator also demonstrates the changes in strength and weakness of the market momentum. So, apart from determining trend-following entries, you can also use its signals for deciding on trade exits.

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Super Signal Indicator

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Super Signal indicator for MetaTrader is a powerful forex trading tool built to follow the trend of the market. The mt4 arrow indicator is efficient for detecting trend reversals once they happen.

Super Signal indicator is a fully automated technical tool, integrated with different parameters that keep tabs on the market trend. It automatically analyses the ever-changing price dynamics of the market, compares the data with the previous history, and paints a trading signal.

This indicator should be on your chart as a forex trader because it reduces the need for constant technical analysis. Plus it gives you more confidence to open a trade position especially when the arrow signal coincides with your setup.

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Rate Of Change Indicator

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The Rate Of Change (ROC) indicator for MT4 gives you a change in the rate of currency pairs during the specific period. The ROC stands for rate of change, and that’s what the indicator paints.

It presents you with fluctuations of different currency pairs, plotting them in red and green. When the indicator illustrates a red color that means the currency pair is trending downwards. On the flip side, when the ROC paints green color, it indicates the pair’s uptrend.

The ROC applies to nine currency pairs involving majors and minors. These include USD/JPY, AUD/USD, EUR/JPY, EUR/CHF, EURGBP, EURUSD, GBP/USD, USD/CHF, and USD/CAD.

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VSA Text Indicator

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Find out how the spread of a forex pair varies in terms of volume with the VSA Text indicator for MT4.

The VSA Text indicator for MT4 is a spread indicator that calculates in terms of volume. VSA stands for volume spread analysis.
The name VSA Text is because it shows vertical Text where the market volume is high or low. It consists of five texts; no supply bar, no demand bar, effort to move up, effort to move down, reverse upthrust, and stopping volume.

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Starc Bands Indicator

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The Starc (Stoller Average Range Channels) Band indicator for MetaTrader is the best forex trading tool for trading trend reversals. This technical indicator has a similar semblance to the Bollinger Bands because it also encloses price within its boundaries.

The indicator can come in handy in identifying levels that are most likely poised for reversal for optimal trade entry (OTE). It does all the technical analysis in the background and displays results on the chart thereby easing trading.This implies that both the new and experienced traders can benefit from this MT4 indicator.

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Value Chart Deluxe Indicator

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Trend reversal indicator for mt4. Best support and resistance indicator. Divergence detector for mt4.

The Value Chart Deluxe indicator for MetaTrader is a forex trading tool that helps identify continuous market cycles. The indicator does this by defining high/lows of price action which helps you to identify BUY/SELL zones.

The MT4 indicator visualizes the major turning points of price to reveal where the market value lies. It analyses the current market condition and varies it with previously accumulated data of price behavior.

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ZigZag Arrow Indicator

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ZigZag Arrow indicator is a perfect trend reversal detector. It is a need-have indicator for price action traders.

If your forex trading strategy is based on price action and market flow concepts, identifying key swing levels is a skill that you must possess. Swing lows and swing highs are essential points that help determine the price direction and reversal point, and this is where the zigzag arrow indicator comes to help.

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Trend Confirmation Indicator

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Trend Confirmation indicator for MetaTrader is a non-repaint trading tool that gives you a visual direction of the market trend. The indicator is highly optimized to detect changes in price that may not be visible to the eye.

It is incorporated with a Standard Deviation and trend navigator to analyze and flow with the trend of the market. This in turn avails you trading opportunities in a trending market.

This technical indicator makes trading a lot easier and convenient because it helps you to easily identify a trending market. More so, the indicator also comes in handy in identifying possible trend reversals.

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