MT Terminal Indicators - Overview by Indicatorspot

Wave Trend Oscillator Indicator

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The Wave Trend Oscillator indicator for MetaTrader is a forex technical indicator built to follow the trend of the market. It oscillates as price swings between different levels of the chart.

The indicator monitors and tracks the diminishing momentum of the price for potential trend reversal. It is incorporated with a smoothing effect which makes it sensitive to price changes and crossovers of the oscillator.

The Wave Trend Oscillator indicator is fit for scalping, day, and swing trading. Furthermore, it would come in handy for both novice and experienced traders in providing a tradable point of market interest.

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TMA+CG Indicator

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TMA+CG is a perfect Indicator for MT4 for channel trading. An ideal tool for identifying trend direction and suitable trade entry points.

Channel trading is one of the best trading strategies. TMA+CG Indicator plots a channel to help traders track the price movements and help traders identify support and resistance levels. It provides you with accurate channels and saves you time. TMA+CG is a combination of Triangular Moving Average

The TMA+CG indicator – download free is simple to use, meaning traders of any experience level can use it with ease. It is perfect for swing trading but works well with trading strategy. Additionally, you can use it to trade any forex currency and other financial instruments. The indicator can be used at any time frame for day trading and scalping.

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WATR Indicator

WATR Indicator is a suitable technical indicator for identifying perfect trade entry points. An ideal tool for detecting trend reversal and identifying market direction.

The weighted Average True Range Indicator (WATR) indicator is a simple MT4 indicator that shows the market trend and signals potential price changes. It is an enhanced version of the Average True Range Indicator. The indicator smooths the ATR by integrating a weighting factor.

The WATR indicator – download free focuses on the recent price changes and reacts quickly to changes in price action. It provides a trading signal that is simple that is easy for beginner traders to understand. What’s more, it can be used to trade all forex currency pairs on all timeframes on Metatrader 4.

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Waddah Attar Explosion Indicator

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Waddah Attar Explosion Indicator is a technical indicator that provides buy, sell, and exit signals. The MT4 trading terminal shows the direction of a trade breakout.

Waddah Attar Explosion Indicator for MT4 is a trend following indicator that shows the trend strength and explosion power (momentum). It shows the trend direction by changing the histogram colors. When the trend is upward, it changes color to green, while red bars indicate bearish trend movement. The indicator also draws an explosion signal line which acts as a momentum threshold. You can use the indicator to trade any currency pair on all time frames.

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Yzyz Indicator

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The Yzyz indicator for MetaTrader is a technical trading tool for identifying optimal trend reversal levels in a forex market. The indicator can also be used by trend traders for spotting trend continuation setups.

The Yzyz indicator for MT4 is an arrow indicator built with moving average crossover to indicate a potential reversal point of price. This in turn gives you a clearer and easier to read chart than looking at the traditional moving average for crossover.

The indicator delivers pretty good signals on the higher time frames than when used on the lower time frames. It is also recommended for both novice and experienced forex traders for better trade analysis.

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Williams AD MA Indicator

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Ideal trend reversal detector. A suitable tool for identifying the market direction and suitable buy and sell signals.

Williams AD MA is a technical tool that provides accurate signals when used correctly. As the name implies, it combines two indicators, the Williams accumulation distribution (AD) and moving averages (MA). It helps traders assess whether a certain currency pair is accumulating or distributing. Therefore, traders can use the indicator to determine the market pressure and, ultimately, the trend’s strength.

The indicator helps determine whether the accumulation is strong enough to support the uptrend and whether the distribution is strong enough to support the bearish trend. Integrating the moving averages help interpret the market trend better and gain valuable insights into the market.

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Weis Volume Indicator

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David Weis, a market analyst, developed the Weis indicator. In his book “Trades About to Happen: A Wyckoff Method,” he discussed price and volume waves in various markets.

He suggested that price and volume travel in waves rather than equal proportions.

The Weis Volume indicator tells you about the trend’s direction and overall strength. The indicator comprises a wave and several bars at the bottom.
The Weis Volume indicator works best on every timeframe, but it produces less false signals on longer timeframes. For more accurate trading signals, you can combine the indicator with others like the RSI or MACD.

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TTM Indicator

The TTM indicator presents an overall picture of the trend by painting bars on the candlestick chart.

The TTM indicator is a simple MT4 indicator that removes any noise in the candlestick chart.
TTM is an acronym for Trade the Market. John Carter and Hubert Senters developed the TTM indicator and presented it in their strategies.

The indicator paints red and blue colors over the traditional candlesticks. The red color illustrates a downtrend, while the blue highlights an uptrend. This removes any differences occurring on the chart and presents a better picture of the overall trend.

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VLX Fractals Indicator

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The VLX Fractals indicator is a simple indicator that tells you the direction of the bar.

Bill William developed the Fractal indicator to point out reversals in the market. VLX Fractal follows the same pattern and tells you where the market is heading.
Fractals do pop up when there’s a shift in market pattern. Fractals point out an upward momentum when the market is in an uptrend. Conversely, when there’s a downtrend, Fractals point out a downward momentum.

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TMA Line Indicator

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The TMA line indicator is a simple MT4 indicator that plots two bands on the chart. The TMA is an acronym for triangular moving averages.
The indicator looks identical to Bollinger Bands having one central line and two bands. The upper and lower bands act as support and resistance levels. These levels help in identifying key entry and exit points.

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Alma Indicator

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Alma indicator for MT4 eliminates the lag and provides smooth, responsive moving average BUY and SELL forex trading signal.

The Alma indicator for MT4 is an advanced version of the Moving average. It addresses two major drawbacks of classic moving averages, responsiveness and smoothness. As a result, the Alma indicator provides smooth and responsive forex trading signals. Moreover, as the indicator shows a very minimal lag in the trading signals it helps traders to have a better understanding of market trends using technical analysis. Furthermore, the indicator can be easily incorporated and coded to perform automated trading strategies.

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PET-D Indicator

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PET-D indicator for MT4 detects early Bullish and Bearish trend changes and provides BUY and SELL forex trading signals.
The PET-D indicator for MT4 detects early price trends and trend reversal points of the market. So, forex traders can use the color change of indicator as forex trading signals. The indicator is very simple and effective in identifying entry and exit points. PET-D Primo Early Trend Detector indicator derives its name from its designer Steven Primo.

The indicator works well for new and advanced forex traders. The bar color change acts as BUY and SELL forex trading signals and can be traded easily by new forex traders. On the other hand, advanced traders can use the trend information and apply other technical indicators, and trade with confluence. The indicator works well in all intraday price charts as well as the daily, weekly, and monthly charts.

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Laguerre RSI Indicator

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Laguerre RSI indicator for MT4 advanced RSI with best forex trading signals finds Bullish Bearish trends to BUY and SELL.

The Laguerre RSI indicator for MT4 is a modified version of the classic RSI. However, the indicator removes the choppiness of classic RSI and smoothens the oscillator values with very little lag. The indicator provides lesser trading signals than the RSI but has better accuracy in identifying the price trends. However, according to the forex trader’s preferences, the gamma input value of the indicator can be adjusted for more trading signals. Traders should note that increasing gamma increases the signal lag. As a result, forex technical traders can apply sound technical trading strategies and trade both the Bullish and Bearish trading signals.

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Pivot Indicator

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Pivot indicator for MT4 provides daily pivot lines with Resistance 1, 2, 3 and Support 1, 2 and 3 lines to BUY and SELL.

The Pivot indicator for MT4 plots the classic pivot lines on the price chart. The indicator plots the Pivot, Resistance 1, Resistance 2, Resistance 3, and Support 1, Support 2, and Support line on charts till the H4 price charts. So, forex traders can BUY or SELL at these important reversal points.

The indicator plots the support and resistance based on the previous day’s value and acts as a leading indicator since it draws the current day’s pivot points in advance. The indicator is best suited for new and advanced forex traders.

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RSI Trend Catcher Signal Indicator

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The RSI Trend Catcher Signal is an easy-to-follow mt4 indicator that works like the traditional RSI. The RSI Trend Catcher plots a signal line similar to RSI but with some alterations.

The indicator tells you overbought oversold areas and presents buying and selling opportunities. In addition, it catches the bullish and bearish divergences and locate trends better than the traditional RSI indicator.

The RSI trend catcher consists of three colors; red, green, and yellow, with each color having different properties. The red color suggests a selling trend, a green color marks a buying trend, and the yellow color defines a trading range.

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Trend Finder Indicator

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The Trend Finder indicator plots two lines on the chart to tell you about the direction of the trend. One line is red, and the other one is blue.
The red line indicates bears are winning and presents a sell signal. Conversely, the blue line repaints bulls are winning and mentions a buy signal.
The indicator calculates the maximum and minimum values of the bars and then finds out the direction of the trend.
Having this indicator on your side is handy as it can pinpoint where the trend is heading next. In addition, the Filter present in the indicator smooths the process by reducing false signals.

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Order Block Breaker Indicator

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Order block breaker indicator for MT4 provides the best BUY and SELL forex trading signals based on price exhaustion points.
The order block breaker indicator for MT4 provides essential information on the market structure. The indicator identifies major trend reversal and exhaustion points of momentum. As a result, forex traders can identify Bullish and Bearish price reversal zones and BUY and SELL accordingly. Moreover, the indicator provides alerts whenever a trading signal is available.

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Pip Counter Indicator

Pip Counter is one of the best MT4 technical assistants created for forex & stock day traders. Identifies current spreads & shows the high, low, and live price status.

The Pip Counter indicator is an automatic MT4 technical assistant that displays price highs, lows, and current spreads. It also streams live price of trading instruments and the remaining time for a candle’s close.

Technically, Pip Counter is a light MetaTrader indicator that places all the necessary price information in a small window. It lets you focus on the technical factors and each price ticks simultaneously, keeping you proactive during busy trading hours.

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FRAMA Indicator

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The Fractal Adaptive Moving Average, otherwise known as the FRAMA indicator for MetaTrader, is an optimized trend following forex indicator. The indicator is built to closely follow the changes in price movement, especially in a trending market. It however remains flat whenever the price begins to move sideways.

This infers that the indicator is best used to find trading setups in a trending market to get higher probability winning trades. The moving average is the major component the indicator uses to measure the fractal changes of the price.

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VSAc Bar Text Signal Indicator

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The volume spread analysis indicator bar is simply known as the VSAc Bar Text Signal indicator for MetaTrader. It is a forex trading tool that automatically calculates the volume and spread for MT4 platforms.

The indicator uses price action, the strength of the current candlestick being formed, plus other technical parameters to determine the market volume and spread. It is also integrated with a Text function tool to display other technical inscriptions on the chart.

Besides the spread and volume, the VSAc Bar Text Signal indicator also looks out for the supply and demand zones of the market price. The indicator filters through the chart to identify such pivots (supply/demand) zones and displays them with the aid of the Text feature.

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