MT Terminal Indicators - Overview by Indicatorspot

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Nelly Elliott Wave Indicator

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The Nelly Elliott Wave Indicator is a technical analysis tool that is used to identify Elliott wave patterns in the market. The indicator is named after Ralph Nelly, who first developed it.
The indicator works by identifying three different types of waves: impulse waves, corrective waves, and diagonal waves. Impulse waves move in the same direction as the overall trend, while corrective waves move against the trend.

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Auto Gann Angle Indicator

The Auto Gann Angle Indicator applies a unique method of displaying long-term price projections on MT4 trading charts.
It combines automatic Gann Angle trend lines with horizontal support and resistance levels to spot potential buy-sell zones. The Gann angle highlights hidden event areas of the market, showing possible price reversal positions based on long-term price projections.

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KG Fibonacci MA Indicator

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One of the most important technical indicators for Forex trading is the Fibonacci MA. This indicator is based on the Fibonacci sequence, which is a series of numbers that is believed to predict market movements.
The Fibonacci MA gives traders a signal to enter or exit a trade when the price reaches a certain level. For example, if the price of a currency pair is moving up and reaches a certain Fibonacci level, this may be a signal to sell.

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CHT Value Chart V2.5.3 Indicator

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The CHT value chart V2.5.3 indicator for MT4 plots an additional value chart as a separate indicator window. The indicator plots green and red candles and plots oversold and overbought levels. So, forex traders can anticipate price reversals if the value chart hits the oversold or overbought levels. As a result, traders will be able to identify the best entry points and buy and sell accordingly.

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Phoenix Indicator

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The Phoenix indicator for MetaTrader is a forex trading indicator that was designed by combining multiple trading tools (SMA, envelopes, and OSMA) which evaluate the potential reversal zones of the price. Its algorithm keeps track of the end/beginning of a new trend and displays it as BUY/SELL arrows.

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ATR Levels Indicator

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The ATR Levels Indicator is an MT4 indicator that plots support and resistance levels to tell the direction of the trend. The traditional Average True Range Indicator draws a simple moving average below the main window. The Indicator draws two resistance and two support levels for the trend’s direction.

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VR Draw Indicator

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The VR draw is not a trading tool that gives signals by itself. Instead, it enhances your trading experience by enabling you to draw on the charts. You don’t have to rely on screenshots and other third-party tools to mark or make drawings on charts. It allows you to draw on the chart. Whether it is for your trading reason or you are teaching someone, it will approve quite helpful.

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Forex Goiler Indicator

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The forex goiler indicator for MT4 provides forex trading signals based on Gann. The indicator automatically calculates and provides two entry points, two take profit targets, and a stop loss. Moreover, the indicator will display the behind the scene calculations near the trading signals. So, forex traders can understand, identify the strength of the bullish or bearish angle and buy and sell accordingly

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Tick Chart Weighted Indicator

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The Tick Chart Weighted is one of the most useful tools for short-term traders. It creates bars depending on the number of transactions. The indicator gives more information during a high activity period than a 1-minute time frame chart. Therefore, you can detect more moves, spot suitable reversal signals and jump into more trading opportunities.

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Probability Meter Indicator

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When you look at the indicator’s name, the first thought is that the indicator sets apart high probability trades. Well, it pretty much does that. The Probability Meter uses a strong formula to derive a global percentage from a combination of standard indicators. They consist of 13 indicators across seven-time frames. You also get an opportunity to include two additional indicators of choice in encoding the indicators.

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Hikkake Pattern Indicator

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The Hikkake pattern is a technical indicator that can be used to identify reversals in the financial markets. It is based on the concept of “false breaks” and is typically used by day traders and scalpers.
This indicator occurs when a price makes a false break out of a range or trend, only to quickly reverse and move in the opposite direction. This action creates a “hikkake” (Japanese for “hook”) pattern on the chart.

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Positive Volume Index Indicator

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The Positive Volume Index Indicator is an MT4 indicator that works like any other oscillator. The indicator plots the EMA of period-10 and oscillates between certain levels to mention the overbought and oversold levels.
When the indicator is close to the upper level, it’s in the overbought zone. Conversely, when the indicator is close to the lower level, it mentions the oversold zone. The Indicator works best on longer timeframes, as it can produce false signals on shorter timeframes.

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Wolf Waves Scanner Indicator

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The wolf waves scanner indicator for MT4 automatically scans the price charts for wolf waves, constructs them, and alerts on a potential signal. In fact, the indicator helps forex traders by eliminating the need to identify and plot the wolf waves manually. Since Wolf waves signal the beginning of a potential bullish or bearish price move it helps traders to enter a trade with a higher risk-reward ratio. As a result, forex traders can easily identify the best entry point with a rule-based trading system.

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Flat Trend SMC Indicator

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The Flat Trend SMC is a trend following indicator that shows simple buy and sell signals. It uses three different moving averages to achieve the signals; a fast-moving, medium, and slow-moving average. The moving averages combination is displayed in a separate window below the price action in the form of bars. You can use the indicator to scalp and day trading. It also works on all financial instruments.

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Profit Line Indicator

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The Profit Line indicator is an MT4 profit calculator. Traders consider it an essential risk-management tool for measuring potential profits of trade entries. Assessing profit potentials before activating a buy or sell order is essential. Especially if you’re trading using a standard or fixed risk-to-reward ratio.


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Price Volume Trend Indicator

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The Price Volume Trend Indicator is an MT4 indicator belonging to the oscillator family. Like the RSI or Stochastic, it oscillates between certain levels. The indicator calculates the price based on volume. It plots a single line and oscillates between the positive and negative levels.

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Octopus 1 Indicator

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Octopus 1 indicator for MetaTrader is a custom trading indicator that was designed to follow the trend of the market. It paints histogram bars that depict different market sentiments; the green bar depicts a bullish move while the red bar shows a bearish move.
Furthermore, the histogram bars of this technical indicator also double up as a trend reversal signal. It signals a potential beginning (change of trend bias) or end of a trend.

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Tick V2 Indicator

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The Tick V2 Indicator is the best price tick tracking tool for MT4 platforms. It accurately displays live price ticking positions and helps assess the overall buy/sell interests.
This indicator zooms in on current market activity by scanning every tick movement of the price. It helps you monitor supply/demands to verify the validity of price-action signals. It allows you to monitor ticks of multiple assets using the same chart. This feature enables you to explore more trading opportunities during busy market sessions.

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Linear Regression Line Indicator

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The Linear Regression Line indicator for MetaTrader is the best trend-following trading tool to identify and accurately define a trend bias. It would also come in handy as a good momentum tool.
A Linear Regression indicator is a Moving Average-like forex trading tool that was built with algorithms that automatically calculate the linear regression of the price.

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Pivot Alert Indicator

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The Pivot Alert indicator for MetaTrader is a custom indicator that automatically calculates and draws the pivot zones on your chart. It is a valuable technical indicator that will come in handy for trend reversals and trend breakouts traders.
The indicator essentially calculates the pivot points of the price of an asset and then alerts users when the price gets to or crosses any of the zones of interest. The pivot levels are labeled as S/R 1, 2, and 3; they act as potential reversal zones where the price tends to react.

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