MT Terminal Indicators - Overview by Indicatorspot

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Dt Oscillator Indicator


The Dt Oscillator calculates the RSI and Stochastics oscillators to determine the trend’s direction. It oscillates between 0 and 100, where 0 is the oversold level, and 100 is the overbought level.
Like other oscillators, the Dt works well on all timeframes. However, it’s better to use it on longer timeframes to remove market noise.

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EMA Trend Indicator

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The EMA Trend Indicator uses two EMAs to signal the direction of the trend. The indicator applies a fast and a slow EMA; you can enter the trade whenever the crossover between the two happens.
The indicator plots two slow EMAs and two fast EMAs; however, it calculates one fast and one slow EMA.
The good thing is EMA Trend Indicator works on all timeframes. However, to avoid any false signals, applying the indicator on longer timeframes is better.

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Extreme RSI Indicator


The Extreme RSI Indicator is an upgraded version of the traditional RSI indicator and plots arrows to signal the trend’s direction. It uses the standard RSI calculations and plots blue arrows. These arrows appear whenever there is a strong trend.
The good thing is indicator works on all timeframes. However, to avoid any false signals, applying the indicator on longer timeframes is better.

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Dolly Indicator


The dolly indicator for MT4 provides forex trading signals based on support and resistance and pivot levels. Since the indicator provides the buy stop and sells stop trading signals in advance, it helps traders to anticipate important price reversal areas. Furthermore, the indicator plots the sell area and buys areas as separate lines on the price chart.
The indicator provides clear buy and sell instructions on the chart area providing entry options for two different scenarios. Additionally, it provides take profit and stop loss levels for the trading signals. So, the indicator is easy to use for new and advanced forex traders. The indicator is effective in smaller time frame charts like the 1 minute, 5 minute and 15 minutes.

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Donchian Bands Indicator


The Donchian Bands Indicator is a customized version of the traditional Donchian Channel indicator. It uses three moving average lines to form a band over the price. These lines are the upper, lower, and middle lines.
The indicator resembles the traditional Donchian channel, where the upper and lower bands tell about the trend’s direction.
Although the indicator is suitable for shorter timeframes, it’s better to look for the trend on longer timeframes.

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Elliot Fibonacci Indicator

The Elliot Fibonacci indicator for MT4 automatically calculates the Eliott waves on a price chart and plots them. Furthermore, the indicator calculates the Fibonacci levels and draws them on the current wave. As a result forex traders can combine both Eliott waves and Fibonacci ratios to identify the best entry levels, take profit and stop loss.

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Currency Heatmap Indicator


The Currency heatmap indicator for MT4 helps forex traders to identify the strength and weakness of a currency. The indicator is very useful for forex trading by placing the strongest currency against the weakest currency. As a result, traders tend to stay in the correct direction of the price trend.
Moreover, this method calculates the strength of a currency rather than a currency pair. So, this method of technical analysis helps traders to benefit from the overall strength or weakness of a currency across the board.

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CCFp Indicator

The CCFp indicator for MetaTrader 4 analyzes the strength and weaknesses of currency pairs and displays them on a separate window. The indicator is essentially an advanced currency strength meter that would help you to easily project the possible trend direction of a financial trading asset.

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Choppiness Index V2 Indicator


The Choppiness Index V2 indicator for MetaTrader 4 is simply a custom trading tool that shows when the market is choppy, trending, or neutral. It’s a technical indicator every forex trader needs to keep a tab on different trend conditions of the market.
The indicator can potentially improve your overall winning rate in the financial trading industry because it would help you to easily identify a choppy market and avoid it. This is plausible because trading in a ranging (choppy) market has been established as one of the reasons many traders lose their money.

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Colored Stochastic Indicator


The Colored Stochastic indicator for MetaTrader 4 highlights the extreme (overbought/oversold) zones of the price in two distinct colors. It is a modified version of the regular stochastic indicator, which comes with a lime and red colored line for easy visualization of extreme zones of the price.
This version of the stochastic indicator makes it pretty easy to identify potential trend reversal zones at a glance. Besides, the incorporation of color into the indicator makes it more user-friendly. For instance, a novice can easily tell when the market has reached a potential extreme zone for a possible trend reversal by merely looking at the color of the indicator’s line.

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Coppock Indicator


The Coppock indicator for MetaTrader 4 is a trend-following tool that attempts to catch the beginning of a new trend. Its algorithm uses the Rate-Of-Change of an asset to determine the changes in the price and the long-term trend direction of the market.
The indicator was originally designed for analyzing the stock market; however, it has been modified to also analyze currency pairs in the forex market. It’s a great forex trading asset suitable for both novice and advanced traders because it is particularly useful in identifying an optimal zone to join an already-established trend.

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Cross Indicator


The Cross indicator for Metatrader 4 is a chart-friendly forex indicator that delivers buy and sell signals when two moving averages cross over. In other words, it paints a signal dot whenever the moving averages cross over. The crossover between the moving averages is made to happen behind the scene to keep your MT4 chart clog-free.
The indicator is well-refined and very efficient when it comes to identifying scalping and day trading opportunities in the market. Besides, you may also use it along with other technical trading tools for better efficiency since it is chart-friendly and does not clog candlestick views.

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DTOSC Indicator

The DTOSC indicator is a stochastic of RSI and identifies the overbought and oversold trading conditions. Forex traders can use the DTOSC – Dynamic Trader OSCillator indicator to identify the extreme levels and then use the crossover of the signal lines for an entry. So, traders can apply simple crossover trading strategies to consistently produce forex trading buy and sell signals.

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FerruFx Multi info THV Indicator


The FerruFx Multi info THV Indicator finds the trend’s direction by plotting a text box on the chart. This text box contains the UP/DOWN trend and percentage of the UP/DOWN trend and combines over 10 indicators to show the trend’s strengths and weaknesses.
This indicator works on all timeframes, but it’s better to apply the indicator on longer timeframes as it can be prone to false signals.

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Custom MACD Indicator


The Custom MACD indicator for MetaTrader 4 is an optimized version of the traditional MACD indicator that displays trend reversals with more precision. The indicator has the same working principle as the regular MACD; however, it does display buy/sell signals with more simplicity.
The indicator may be used in isolation, especially when a buy/sell signal occurs around a support or resistance zone. However, it can also be used as a confluence with price action/other indicators to filter out false signals.

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Days of the Week Indicator


The Days of the Week indicator for MetaTrader 4 is a custom forex indicator that displays the beginning and end of each trading day of the week. It is worth noting that the indicator does not perform any technical analysis of the market trend; however, it is a great tool that makes the technical analysis less of a hassle.
One of the benefits of the indicator is that it would help you to easily refer to any trading days of the week without much stress. Besides, it would also come in handy in identifying the market behavior during any trading days, especially when back-testing a trading strategy.


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Didi Index Indicator

The Didi Index indicator for MetaTrader 4 is a forex trading indicator that measures the strength of a financial asset and also generates buy/sell signals when the price is at optimal zones. The indicator’s algorithm essentially tracks the difference between the trading volume and the price of an asset.

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EATA Indicator


The EATA indicator for MetaTrader 4 is a trend-following system that uses a synergy of the Relative Strength Index (RSI) and the Commodity Channel Index (CCI) to identify potential trend-reversal zones. The infusion of the RSI and CCI is to ensure a double confirmation of a potential turning point of the price before it paints a buy/sell signal.
This oscillator-based indicator delivers high-probability trade signals for scalpers and day/intraday forex traders. The signals may also be used filtered using price action or any other technical indicator to enhance the winning ratio.

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Daily Data Indicator


The Daily Data indicator for MT4 is a essential forex trading tool that helps traders with information regarding a currency pair. The information panel provides details on current day’s price range and change. Moreover, it shows the distance of the current price from high and low of the day. Additionally, it displays the spread, swap long and swap short values. Furthermore, the indicator also shows a candle timer on the chart.

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Camarilla Indicator

The Camarilla indicator for MT4 helps forex traders automatically identify the Camarilla pivot points, standard pivot points and mid pivot points. Additionally, traders can enable Fibo lines and use this indicator for technical analysis. Furthermore, the indicator provides entry points and target for breakout trading.The indicator plots the pivot lines that act as support and resistance lines. So, new forex traders with knowledge of support and resistance trading can trade using this indicator. Since the indicator calculates the pivot values using the previous day’s data, it works in all chart time frames including the intraday and long term.

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