MT Terminal Indicators - Overview by Indicatorspot

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Chaos Visual Averages Indicator

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The Chaos visual averages indicator for MT4 provides forex bullish and bearish trading signals based on oversold and overbought conditions of two Williams percentage ranges. Additionally, the crossover of the two WPR lines at the extreme market conditions provides the entry signals with alerts.
In general, the indicator is easy to interpret and has a simple interface. So, new and advanced forex traders can use the indicator alike. Furthermore, the indicator works well in all intraday timeframes and higher chart time frames as well.

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Channel ZigZag Indicator

The Channel ZigZag indicator for MT4 automatically identifies and plots a channel around the classic ZigZag MetaTrader indicator. The ZigZag line is a straight line, while the price movement is not necessarily a straight line and may fluctuate according to supply and demand. As a result, forex technical traders can use the channel to enter and exit the market accordingly.

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Candle Direction Indicator


The Candle direction indicator for MT4 checks the candlesticks of all chart time frames and plots them in various colors according to the up, down or neutral candle direction. So, forex traders can easily identify the candle direction of the currency pair in multiple time frames at a glance. This helps forex traders to identify the trend direction in technical analysis.
The indicator plots the direction of the candlestick in three colors. It’s very easy to visually identify the market direction and works well with new and advanced forex traders. The indicator automatically pulls the data from all intraday chart time frames and daily, monthly, weekly price charts. So, traders can place the indicator on any chart.

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2 Bar Reversal Indicator

The 2 Bar Reversal Indicator for MetaTrader 4 is a non-repaint technical indicator developed to identify the two-bar reversal candlestick formation, which indicates an imminent trend reversal. It is essentially a price action indicator that identifies the 2-bar trend reversal pattern and then display buy/sell entries.

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Awesome Indicator

The Awesome indicator for MetaTrader 4 is a technical trading indicator designed for trend confirmation and to identify possible trend reversal zones. This is because the indicator is programmed to automatically track and compare both past and current market momentum to determine the weakness and strengths of financial instruments.

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3d Oscillator Indicator


The 3d Oscillator Indicator is an upgraded version of the traditional Stochastic Oscillator. It comprises two lines: %K and %D. The %K line represents the current market position. In contrast, the %D line is a moving average of the %K line used to generate signals and identify potential entry or exit points.
The good thing is the indicator works on all timeframes like the traditional Stochastic. However, to avoid any false signals, applying the indicator on longer timeframes is better.

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FerruFx info Indicator


The FerruFx info Indicator for MetaTrader 4 is an informative tool that displays different technical information about a financial asset. The indicator is built with the MA, pivot points of the price, MACD, BULLS, BEARS, and the CCI indicators for intensive analysis of the market.
The indicator would be beneficial to both novice and advanced traders to identify ideal market conditions to buy or sell an asset. This is because it indicates the direction of the market and the strength of the trend. Moreover, it also displays different potential support and resistance zones, where the price may likely reverse.

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Best Forex Scalper Indicator


The Best Forex Scalper Indicator adds multiple confirmations to generate scalping signals. There are several components of the indicator:

1. It draws blue and red arrows on the chart.
2. It plots blue and purple channels on the candlesticks.
3. It has a sonic blast signal, which identifies the current signal.

As the name suggests, the indicator only works on shorter timeframes from 1M to 15M.

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Bid Ask Spread Indicator


The Bid Ask Spread Indicator tells about any forex pair’s current bid/ask prices and spread. It draws values on the top-right corner of the chart.
The bid price refers to the highest price that a buyer is willing to pay for a particular currency, while the ask price represents the lowest price at which a seller is willing to sell. The spread is the difference between the bid/ask price.
The indicator tells bid price and ask, and spreads regardless of your timeframe.

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3 Level ZZ Semafor TRO MODIFIED Indicator


The 3 Level ZZ Semafor TRO MODIFIED Indicator is a modified version of the traditional 3 level zz semafor indicator.
While the basic functionality of the indicator remains the same, the modified version includes these extra features like trendlines and not including the dots.
The primary purpose of this indicator is to identify significant turning points and trends. It accomplishes this by analyzing the highs and lows of the price.

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Awesome Signal Oscillator Indicator


The Awesome Signal Oscillator Indicator is a modified version of the traditional Awesome Oscillator and provides additional insights using a signal line.
It calculates the difference between two Simple Moving Averages of different periods. It fluctuates above and below a zero line, with positive values suggesting bullish momentum and negative values indicating bearish momentum.

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Bears Indicator


The Bears indicator for MetaTrader 4 is a trend oscillator developed by Alexander Elder to evaluate the sellers’ (bears’) power to move the price of a financial instrument in the market. It is essentially a trading tool designed to detect the increase or decrease in the activities of sellers in the market.
The indicator evaluates the bears’ power by taking into cognizance the difference between the value of the 13-period exponential moving average and the lowest price moved by a bar. Therfore, a rise in the bears’ power is depicted when the histogram bars of the indicator crossed below the zero line, while the bars above the zero line signal the decline in the bears’ power.

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Candlesticks Indicator


The Candlesticks Indicator draws multiple candlesticks patterns on the chart to determine the trend continuation and reversals.
These patterns include: bullish/bearish engulfing, three inside/outside down, dark cloud cover, three black crows, three outside/inside up, piercing line, three white soldiers, stars, and harami patterns.

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Best NON-Repaint Indicator


The Best NON-Repaint indicator for MetaTrader 4 is a forex indicator built with different variables like the dynamic lines and signal arrows to deliver high-probability buy/sell setups. As the name suggests, it delivers non-repainting signals that do not change position in the future.
This technical indicator is one of the most recommended trading tools for both beginners and advanced forex traders because the signals are not re-positioned. This makes it very suitable for a back-test to ascertain the win rate of the indicator.

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Beginner Indicator


The Beginner indicator for MetaTrader 4 is an easy-to-use trend-following system that analyzes the financial market and then displays the significant highs and lows printed by the price. It does this by comparing the peaks and troughs of the prices with the trading range covered within a period.
Furthermore, the highs and lows identified by the indicator are zones of interest because they tend to act as support and resistance zones, especially when broken. Thus, the price may likely reverse when it gets to any of the zones or continue trending when it breaks and retest the zones.

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Chaikin Indicator


The Chaikin indicator for MetaTrader 4 is a technical indicator with metrics to measure the money flow in the financial trading market. It is one of the best indicators that would come in handy to predict the future direction of the price with more accuracy.
The indicator’s algorithm compares current and past metrics like the market volume, the high/low, and the closing price to determine whether the money flow is positive or negative. Therefore, a positive money flow indicates a possibility for the price value of an instrument to rise (bullish move), while a negative money flow suggests that the price value of an instrument may fall (bearish move).

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Buzzer Indicator


The Buzzer indicator for MetaTrader 4 is a trend-following system that uses a dynamic moving average line to define the market sentiment of a financial instrument. The indicator is beginner-friendly because it simply turns lime when the trend is bullish and turns red once it confirms a bearish trend.
Therefore, the indicator may be used as a stand-alone trading tool to identify buy/sell trading opportunities, especially in trending markets. However, using it along with price action/other technical indicators tends to improve the win rate.

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New Camarilla Pivot Points Indicator


The New Camarilla Pivot Points Indicator determines multiple support and resistance levels. It is based on a mathematical formula calculating several pivot points based on the previous trading day’s high, low, and closing prices.
The calculation of New Camarilla Pivot Points involves several levels of support and resistance. These include the central pivot point (PP), support levels below the PP and resistance levels above it.

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Delta V2 Indicator

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The Delta V2 indicator for MT4 evaluates the difference between sellers and buyers volume to identify the trend direction. In fact, the delta value provides early warning signals of a waning trend and helps forex traders using technical analysis to enter and exit the markets early.

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Better ASC Trend Indicator


The Better ASC Trend indicator for MetaTrader 4 is a technical trading system that keeps a tab on the momentum of the price to determine the possible trend direction of the market. It also doubles as a trend reversal indicator o identify potential turning points in the price.
The indicator delivers better signals on the higher time frames than the lower time frames because the latter is driven by market noises. Therefore, it is recommended to be used on the H4 and above for day and swing traders, while the H1 (or the 30-minute) timeframe is best suited for scalpers.


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