MT Terminal Indicators - Overview by Indicatorspot

New VWAP Indicator

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The New VWAP indicator shows the average price of a currency pair based on weighted volume. The VWAP stands for the volume-weighted average price.
The indicator consists of three lines, each representing daily, weekly, and monthly periods. These lines detect the overall market volume and separate it based on its weight.

The New VWAP indicator looks similar to Moving Averages or Bollinger Bands. The difference between the VWAP and Moving Averages is VWAP focuses more on the weighted volume.

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Slope Direction Line Indicator

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Slope Direction Line Indicator For MT4 gives BUY and SELL forex trading signals on Bullish and Bearish price trend changes.

The slope direction line indicator for MT4 provides visible forex trading signals. By changing the color if the slope direction changes from Up to Down or vice versa the indicator shows the Bullish and Bearish market conditions clearly. As a result, forex traders can expect early reversal signals.

Moreover, as the line color continues to stay the same, it indicates the continuation of the trend. So, forex technical traders can continue to hold their positions and benefit from the entire trend movement. Hence, the indicator provides an early entry signal and also helps the trader to exit with reasonable profits.

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Stop Reversal Indicator

Stop reversal indicator for MT4 gives BUY and SELL arrow forex trading signals on Bullish and Bearish price trend. Free download and easy install.

The Stop reversal indicator for MT4 provides BUY and SELL arrow forex trading signals. The indicator provides a BLUE arrow and RED arrow upon the identification of the Bullish and Bearish market trend. As a result, forex traders can use the trading signals and trade them successfully.

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Trigger Lines Indicator

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Momentum reversal indicator for mt4. Forex trend following indicator. Best MA crossover mt4 indicator.

Trigger Lines indicator for MetaTrader is a simple technical tool used for spotting trade entries/exits in a trending market. This trend-based indicator is integrated with R-period and Least Square Moving Average (LSMA), an element responsible for identifying the diversity in price.
The indicator gives trading signals at the crossing of the trigger lines followed by changes in their colors. The color change is using to define the current trend of the market which also doubles up as entry/exit.

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XPMA Indicator

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You are probably hearing this for the umpteenth time: the trend is your friend. It follows that you need an indicator that can help you trade with the trend. XPMA is one of the best trend following indicators in the market.

XP moving average indicator smoothens out the price by eliminating false positives during price fluctuations. It helps you determine the market trend and establish an ideal position to jump into the trade and reap maximum profits. The indicator is pretty much easy to use hence suitable for beginner traders.

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XB4 Indicator

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Xb4 is a straightforward and simple-to-use indicator. It is made of a histogram akin to the MACD and forms a separate window at the bottom of the chart pattern. Essentially, the indicator is divided into two by a 0-level line. The indicator forms a blue histogram above this line and a red indicator below the line.
It is an excellent indicator that both novice and experienced traders can use. You can also use the indicator for long-term and short-term trading. However, it works best in shorter time frames of 1-hour and below. What’s more, you can use the indicator to trade any currency pairs.

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Wilders DMI Oscillator Indicator

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Wilders DMI Oscillator is an ideal indicator for determining trend direction. A perfect price volatility and strength detector for bull and bear markets.
Wilders DMI Oscillator indicator measures the strength of the trend. As the name implies, it also shows the direction of the price movement. The indicator consists of two lines, a light blue line and an orange line, and bar graphs in a window below the price pattern.

The blue line or plus directional indicator (+DI) shows the price momentum is up while the minus Directional Indicator (-DI) shows the momentum is down. The lines and histogram behavior will tell you whether you should open a buy or sell signal. In fact, the oscillator goes a step further to show price volatility, giving you more reason to jump into or avoid a trade.

The indicator is ideal for both long-term and short-term, newbies and experienced traders. You can also use the oscillator o any time frame.

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Xi Asian Session Indicator

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For starters, the forex market has three main trading sessions: Northern American, European, and Asian sessions. The New York and North America sessions are relatively more volatile than the Asian (Tokyo) and Sydney sessions. The Asian market tends to consolidate, creating a ranging market.

One of the most profitable strategies is trading breakout from this range to catch the massive price movement during the London and New York sessions. This is where the Xi Asian Session indicator comes in handy. It highlights the Asian session, enabling you to profit from range trading.

The indicator is suitable for both experienced and beginner traders. You can also use the indicator to trade any currency pair. However, the indicator works best on the one-hour time frame. This means it works best for day traders.

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ZoneTrade Indicator

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The ZoneTrade indicator for MT4 is a momentum indicator that tells you the overall market picture.

By displaying green, red, and grey zones, it suggests the direction of the trend. The green zone occurs when the market is in an uptrend. The red zone appears when the market is in a downtrend. Finally, the grey zone suggests neutrality, and it emerges in the upward and downward momentum.

A key point to add here is the ZoneTrade indicator doesn’t create zones or areas on the chart. Rather, it paints the candles red, green, and grey.

The good thing about the indicator is it works on all timeframes and presents you with clear buy and sell signals.

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WeisWave Indicator

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The super tool to trade in harmony with smart money. WeisWave indicator refers to the Law of Demand and Supply. It really works in Forex and other markets. Non-repaint.

WeisWave Indicator for Metatrader 4 helps you trade in harmony with market makers. It doesn’t repaint.
The indicator divides the price data into a sequence of bullish and bearish waves, and then calculates the cumulative volume for each wave.
Advantages of the WeisWave indicator:

1. Allows you to analyze the supply and demand.
2. Works in all markets: forex, stocks, commodity.
3. Works in all timeframes: both for intraday traders and long-term investors.
4. It can be combined with other tools: for example, with the classic indicator RSI and/or trendlines.

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Ultimate Oscillator Indicator

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The Ultimate Oscillator indicator for MT4 is the result of the weighted average of a short, medium, and long period stochastic oscillator. As a result, the indicator provides a smoother oscillator that is useful for forex technical traders. The Ultimate oscillator provides overbought and oversold forex trading signals and also divergence and convergence trading signals.

The indicator is helpful for both new and advanced forex traders. New traders can identify overbought and oversold levels and anticipate price reversals using the 70 and 30 levels of the Ultimate oscillator. Similarly, advanced forex traders can apply technical trading strategies and trade divergence and convergences. Furthermore, the indicator works well in all intraday price charts as well as the daily, weekly, and monthly price charts. Moreover, the indicator is free to download and easy to install.

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Linear Momentum Indicator

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The super easy tool to trade impulses. Linear Momentum indicator never repaints, it really works in Forex and other markets. Highly recommended for trend followers.
The Linear Momentum indicator for Metatrader 4 reacts to the appearance of directional price movement. Herewith, the indicator is calculated according to the same formula that is used for calculating the impulse in classical physics.
Advantages of the indicator:

1. Simple and straightforward.
2. Does not repaint.
3. Focuses on trends.
4. Works on any timeframe, so it can be used by both intraday traders and long-term investors on daily/weekly/monthly
5. Works on forex, stocks, crypto and commodities markets.
6. Can be combined with other indicators.
7. Can be combined with trend lines, support and resistance zones.

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SMI Ergodic Oscillator Indicator

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The super tool to find reversals. It supports alerts and doesn’t repaint. Buy lows and sell highs with SMI Ergodic Oscillator!

SMI Ergodic is a technical oscillator, which is used to look for price reversals. SMI means “Stochastic Momentum Index”.
This universal oscillator is applicable to:

1. forex markets;
2. stock markets;
3. other financial markets.

SMI Ergodic Oscillator is used in the Metatrader 4 platform. By adding it to the chart, you will see under the price area:

1. two-color histogram;
2. gray TSI line;
3. yellow signal line.

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TTM Trend Indicator

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TTM Trend indicator for MT4 provides BUY and SELL forex trading signals candle color changes on Bullish and Bearish trend.

The TTM Trend indicator for MT4 is the best trend following indicator for forex trend traders. It’s pretty straightforward to define the Bullish and Bearish price trends. The indicator changes the candle color to BLUE for the Bullish market and RED for bearish market conditions. So, forex traders can BUY or SELL using the color change of candles. The indicator is best suited for trend traders working with trend-following technical trading strategies.

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WSO WRF MTF Indicator

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WSO WRF MTF indicator for MT4 BUY and SELL forex trading signals using Widner’s Support and Resistance levels.

The WSO WRF MTF indicator for MT4 plots an oscillator based on Widner’s support and resistance values. Furthermore, the indicator can plot multi time frame values. As a result, forex traders can BUY or SELL based on the oscillator values of support and resistance. Moreover, the oscillator values help the traders to identify the current closing price relative to the support and resistance levels.

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VIP Dynamic Support Resistance Indicator

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The VIP Dynamic Support Resistance indicator for MetaTrader is the best forex indicator for trading dynamic support and resistance levels. It generates signals that are more efficient and beats trading with the moving averages as commonly used.

The VIP Dynamic Support Resistance indicator uses historic price to automatically gauge the current movement of price action. This in turn provides potential levels that may likely act as dynamic support/resistance thereby increasing your trade entry/exit precision.

This MT4 indicator would be of immense help to both the novice and experienced traders to precisely identify dynamic support/resistance levels. It helps you to gauge price as it trends up or down the market.

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Taotra Indicator

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Tired of backdated trend indicators? Try the advanced Taotra MT4 indicator for the best trend trading results. Supports forex, stocks & crypto trading. Suits MTF charts.

Determining the correct market trend is one of the biggest challenges for day and intraday traders. Random price volatility and uncertain market sentiments often distract traders while assessing trend conditions.

The Taotra indicator comes with a set of Linear Weighted Moving Averages (LWMA) for identifying crossover-based trend signals. This indicator applies 20 individual moving averages with different parameters for plotting crossovers. Besides, its MAs create a colored cloud around the chart that works as dynamic support/resistance levels. As a result, while using Taotra, you’ll hardly need to add supporting tools like horizontal S/R, Fibonacci, or Pivots.

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Timing Indicator

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Timing is a classic MT4 indicator developed to aid forex & stock traders with real-time trend signals. It tracks market momentums & spots potential buy-sell levels.

The Timing indicator is probably the most straightforward trend-following indicator ever developed for MT4 platforms. It spots micro trends resulting from price reversals and determines the overbought and oversold conditions of the market.

Despite being an advanced trend indicator, Timing doesn’t require a rich trading experience to benefit from its super trend signals. It signals market momentums, trend reversals, and buy-sell levels using only a single indicator line. By following its simple trading rules, anybody can apply Timing perfectly for live forex and stocks trading in Metatrader platforms.

Moreover, the Timing indicator is suitable for all MT4 timeframes letting you go for both day and intraday trading using a single tool. Besides, you can use it as a trend filter in any trading strategy.

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Percentage Volume Oscillator Indicator

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The Percentage Volume Oscillator indicator for MT4 resembles a classic MACD indicator with moving averages and a histogram. However, the primary data for the indicator calculation is the volume. The indicator is best suitable for forex technical traders using volume as an integral component in their technical trading strategies. The Bullish and Bearish trading signals are confirmed with both the moving averages and the histogram bars of the indicator.

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Semafor Alert Indicator

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Semafor alert indicator for MT4 gives BUY and SELL forex trading signal alerts for level 1 2 3 Semafor signals using Zigzag.

The Semafor alert indicator for MT4 provides three levels of BUY and SELL forex trading signals based on low, medium, and high periods. As a result, forex traders can identify the Bullish and Bearish price trends and trade accordingly. The indicator can provide alerts for3 levels of trading signal and enable every level of Semafor trading alerts separately. So, forex traders can enable the alerts and trade only those trading signals that suit their trading style and requirements. The indicator calculates the trading signals based on the classic ZigZag indicator.

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