MT Terminal Indicators - Overview by Indicatorspot

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Ultimate Oscillator Indicator


The Ultimate Oscillator Indicator For MT5 is the result of a weighted average of a short, medium and long period stochastic oscillator. As a result, the indicator provides a smoother oscillator which is useful for forex technical traders. The Ultimate Oscillator provides overbought and oversold trading signals as well as divergence and convergence trading signals.
The indicator is useful for both beginners and experienced 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 convergence.

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Trigger Line Indicator


The Trigger Line Indicator for MetaTrader is a simple technical tool used to detect trade entries/exits in a trending market. This trend-based indicator is integrated with the R-period and Least Squares Moving Average (LSMA), the element responsible for determining price diversity.
The indicator gives trading signals when the Trigger Line is crossed and their color changes. The color change is used to determine the current market trend, which also serves as an entry/exit.

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Smoothed RSI Indicator


The Smoothed RSI Indicator for MT5 provides overbought and oversold trading signals in the Forex market. What’s more, the indicator smooths out these signals for smooth trading.
In addition, traders can select the timeframe of the indicator and get higher timeframe RSI values. As a result, forex traders can identify the best trading signals to buy and sell forex.

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i-GAP Indicator


i-GAP is a simple indicator for MT5 that draws arrows on the chart to represent market gaps. It shows two arrows, one representing a downward gap and the other an upward gap. With these arrows, you can determine the general mood of the market.
The up arrow shows that i-GAP shows fewer traders willing to sell than buyers. Conversely, the down arrow indicator shows that there are fewer buyers than sellers. When arrows appear, you can enter bullish or bearish positions, or wait for the market to develop a trend and then open positions.

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Elliott Wave Oscillator Indicator


The Elliott Wave Oscillator is based on the Elliott Wave Theory by Ralph Nelson Elliot. According to the theory, the market moves in waves. Waves consist of three impulse movements and two corrective movements. In other words, there are ups and downs in the direction of the trend.
Elliot helps you discover these waves and integrate them into your trading strategy. The oscillator works in all instruments. While you can use it in short term trading, it works best in medium to long term trading.

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Double Stochastic RSI Indicator

Stochastic (Stoch) and RSI are two classic oscillators that are considered the best for reversal trading. The main similarity between the Stochastic and RSI is that they show overbought and oversold zones for any market, be it on daily/weekly charts or intraday charts. The main difference is in the formulas and in the fact that the Stochastic is more sensitive than the RSI. Is RSI or Stochastic better? Which one should I choose? You can use them together at the same time thanks to the Double Stochastic RSI indicator.

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Ehlers Laguerre Filter Indicator


The Ehlers Laguerre Filter Indicator for MetaTrader is a forex technical indicator developed based on one of John Ehlers’ trading strategies. The indicator helps demystify and removes the need to understand the unpopular concept of the gamma parameter, as explained by John Ehlers.
This MT5 indicator looks like a moving average, but it’s not. The Ehlers Laguerre filter indicator has smoothing functions, which reduces the likelihood of it lagging behind the price. The indicator may look simple on the chart, but it can effectively filter and determine the market trend. This, in turn, helps you easily identify market bias and make informed trading decisions.

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Corrected JMA Indicator


The Corrected JMA indicator is an improved version of the Jurik Moving Average indicator. It is used for various purposes such as dynamic support and resistance, market sentiment, trade entries, etc.
The Jurik Moving Average (JMA) indicator for MetaTrader is an improved version of the regular moving average typical of the MT5 platform. This moving average (Jurik) includes price smoothing features, making it less susceptible to lag and therefore more responsive.

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Color RSI Indicator


The Color RSI indicator for MT5 is a modified version of the classic RSI indicator – Relative Strength Index. Changes include adding price signals and BUY and SELL trading signals to the chart. In addition, the color of the oscillator has been adjusted to reflect the overbought and oversold conditions of the market.
Thus, forex traders can use the oscillator color BUY and SELL signals for successful trading.

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AMA Smoothed RSI indicator


The AMA Smoothed RSI indicator is an easy to use MT5 indicator that works like a traditional RSI. It plots a signal line similar to RSI, but with some changes.
The indicator tells you about overbought and oversold regions and presents buying and selling opportunities. In addition, it captures bullish and bearish divergences and identifies trends better than the traditional RSI indicator.
AMA Smoothed RSI consists of one line, which is the signal line. It works exactly like the traditional RSI and shows overbought and oversold levels.

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Absolute Strength Indicator

The Absolute Strength indicator is designed to be used with trend following trading strategies.
The purpose of this technical indicator is to determine the direction and strength of a trend. For this, the following are taken into account:

1. readings of RSI or Stochastic oscillators;
2. bullish and bearish progress on the market during the specified period.

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Breakout Zones Indicator

The Breakout Zones Indicator for MT5 automatically draws support and resistance lines on the price chart based on the price movement. The price is considered bullish when it breaks above the support line. Similarly, a price movement below the support line is a bear market. In this way, forex traders can identify bullish and bearish market movements and respectively buy and sell or manage their existing trades based on support and resistance.

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Zone Trade Indicator


The Zone Trade Indicator for MT5 is a momentum indicator that tells you the big picture of the market.
By displaying blue, orange and gray areas, it suggests the direction of the trend. The blue zone occurs when the market is in an uptrend. The orange zone appears when the market is in a downtrend. Finally, the gray zone suggests neutrality and appears in upward and downward momentum.
The key point to add is that the Zone Trade indicator does not create zones or areas on the chart. Rather, it colors the candles orange, blue, and grey.

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Perfect Trendline Indicator


The Perfect Trendline indicator is a simple MT5 indicator that indicates the direction of a trend. It consists of two trend lines; one fast and one slow. The lines define BUY and SELL signals.
The Perfect Trend indicator displays points on the chart along with trend lines. These points act as entry and exit points. The dots consist of two colors; Red and Blue. When a Red dot appears, it is a sell signal, while a blue dot indicates a buy signal.
The indicator also colors traditional candles Red and Blue. Blue indicates bullish momentum and Red indicates bearish momentum. When the market is neutral, the Perfect Trendline indicator leaves the candles.

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Keltner Channel With Signals Indicator

Attached Image (click to enlarge)

This MT5 indicator uses the Keltner channel, in addition to the Eureka moving averages, to provide the best trend trading signals. In particular, it provides forex trend traders with valuable information when using any trend trading strategy. The indicator also provides flexibility to the forex trader with different parameters.

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TTM Indicator

The TTM Indicator for MT5 is the best trend following indicator for forex traders. It is quite easy to identify bullish and bearish price trends. The indicator changes the candle color to BLUE for a bull market and ORANGE for a bear market. So, forex traders can BUY or SELL by changing the color of the candles. The indicator is best suited for trend traders working with technical trend following trading strategies.

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Trend Scalp Indicator


The Trend Scalp indicator is an open source intraday trading tool for Forex and stocks developed for the MT5 platform. It consists of the popular T3 forex indicator. The indicator generates simple charts of short-term market trend changes that allow beginners to anticipate intraday trading opportunities like the pros.
From a technical standpoint, the Trend Scalp indicator is best known for smoothing out uncertain spikes during choppy and overly volatile market conditions. Most traders predominantly suffer from the occasional switching of price trend patterns during day trading. Thus, before opening an order, the trader must be aware of the stability of the momentum and the exact direction of the price trend.

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Volatility Pivot Indicator


The Volatility Pivot Indicator for MT5 provides forex traders with dynamic ATR based reference lines. Since the pivot is dynamic, it provides dynamic support and resistance levels as the price changes. As a result, forex traders will get extended support and resistance levels that are more effective than classic support lines.
The indicator is also effective in following the trend. A price movement above the volatility support lines is a BULLISH signal and calls for BUY trades. While price movement below indicates a BEAR trend and warrants SELL positions.

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Trend Lord Indicator

The name speaks for itself. This indicator is the leading trend-following technical tool with a moving average-like demo process. It uses a 12-day smoothed moving average of closing price data for the period. It is an effective trading solution used by both experienced and new traders for scalping and intraday trading. Therefore, it is suitable for 5-minute, 15-minute, 30-minute and 1-hour timeframes. You can use the Trend Lord indicator in other financial markets besides the forex market.

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Trend Signal Indicator

Many forex traders want to get into a new trend as early as possible and use it for a long time. As profitable as this strategy may be, only a few indicators can effectively signal a new trend. One of the best indicators to help traders spot a trend is the trend signal indicator.

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