MT Terminal Indicators - Overview by Indicatorspot

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Fibonacci Retracement Indicator

Most likely, you have already seen more than once that due to the strong volatility in the Forex market, it becomes difficult to distinguish between trend waves and retracement. To fix this problem, a free Fibonacci Retracement indicator was developed. You can check it out in this article.

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Better Bollinger Band Indicator


Better Bollinger Band is a trend-following Forex and stock trading indicator that helps traders pinpoint buy/sell zones. Unlike conventional Bollinger Bands, this indicator clearly shows dynamic trendlines near overbought/oversold levels.
Technically, the indicator indicates both a trend continuation and a reversal. These features allow traders to follow the trend and swing trading at the same time.
In addition, extended Bollinger Bands are also suitable for futures, metals, energy and cryptocurrencies trading besides forex and stocks. Hence, this indicator allows you to trade any financial assets available on your Metatrader 5 platform.

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Absolutely No Lag LWMA Indicator


Absolutely No Lag LWMA is the simplest MT5 trend indicator you may ever come across. It only uses a 15-period Linear Weighted Moving Average (LWMA) that provides accurate trends and buy/sell signals for forex and stock traders.
When testing Absolutely No Lag LWMA, we found that the indicator is suitable for all timeframes and analysis of MTF charts. In addition, you can use it to analyze the trends of any of the tradable assets available on the Metatrader 5 platform.

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Currency Strength Index Indicator

he CurrencyStrengthMeter indicator (that is, the currency strength index or meter) plots all currencies charts in real time and displays the strength of currencies in relation to each other. Ticker symbols of financial instruments are displayed in the upper left corner of the indicator window. Symbol colors correspond to the color of the chart in the indicator window. The currency strength measurement scale is built vertically and contains values from 0 to 100.

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Adaptive Renko Indicator


The Adaptive Renko indicator for MetaTrader is a forex indicator without trend redrawing. This powerful MT5 trading tool is built primarily around the triangular moving average commonly known as the TMA Renko strategy.
The indicator makes trading the TMA Renko strategy (which is a bit difficult to understand) quite easy. Anyone can use this indicator and achieve the same result as those who trade manually with the TMA Renko strategy.

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Standard Deviation Indicator


The standard deviation indicator measures market activity based on current volatility. It shows when an asset enters or exits an inactive state. The estimate is based on the deviation of the price from the selected moving average.
The idea is that the financial market has periods of rest and periods of activity. So it is desirable to always see points and zones of price equilibrium.

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Price Position Indicator


The Price Position Indicator is a simple MT5 indicator that shows the market pattern by drawing an angle on the chart. The indicator draws a blue line above the price to determine the overall trend. When the trend is up, the indicator draws an angle in the upward direction. On the other hand, when the trend goes south, the indicator draws a downward angle.
Traders can also take advantage of the fact that the indicator indicates BUY and SELL signals. The indicator shows the overall mood of the market by marking a BUY or SELL trend in the upper right corner of the chart.

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Hurst Exponent Indicator


The Hurst Exponent Indicator for MetaTrader is a time series indicator that tracks the volume memory of an asset’s price. This data is used to analyze the correlation between price consistency and inconsistency series to predict the future.
The indicator essentially helps you determine if the market is trending or moving in a range (sideways). In addition, the indicator is ideal for beginners, intermediate and experienced forex traders.
In addition, it is suitable for various trading styles such as scalping, day/intraday trading and swing trading.

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Generalized Double DEMA Indicator

The Generalized Double DEMA indicator for MT5 was developed by Patrick Mulloy to reduce the lag of moving averages. DEMA – Double Exponential Moving Average results in less lag or lag compared to standard simple moving averages. The indicator is a combination of a single and double exponential moving average with less lag than a single or double EMA. Thus, the indicator can subtract price reversals earlier than classic moving averages. As a result, forex traders can use the indicator to buy and sell for profit.

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Darvas Boxes Indicator


The Darvas boxes indicator for MT5 is developed based on the trading strategy of Nicholas Darvas. Nicholas’s strategy became popular after he turned several thousand dollars of his trading fund into more than $2 million in 19 months.
The indicator looks simple but is very effective for making successful trades. This is an MT5 trend indicator that aims to break through the momentum to give BUY/SELL signals. But unlike a typical trend-following system that attempts to predict market movement, the Darvas Box indicator does not. It rather reacts to the price movement of the market.

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RSI Inverse Fisher Transform Indicator


The RSI Inverse Fisher Transform indicator for MT5 smoothes the price using a moving average. It also calculates RSI values for smoothed prices and applies a Fisher filter to the results. As a result, the indicator determines the best entry points. Thus, with the help of the indicator, forex traders can successfully BUY and SELL.
The indicator works well on all intraday price charts as well as daily, weekly and monthly price charts. In addition, forex traders can apply price values of other timeframes and display the indicator window on the current price chart. As a result, forex technical traders can use the indicator to trade multiple time frame (MTF) technical trading strategies.

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Starc Bands Indicator



The Starc (Stoller Average Range Channels) Band indicator for MetaTrader 5 is the best Forex trading tool for trend reversal trading. This technical indicator is similar to Bollinger Bands because it also encloses the price within its boundaries.
The Starc Bands indicator has three bands. The upper and lower bands consist of simple moving averages (SMA). The simple moving average is the basis of this indicator. Both bands are then plotted by adding/subtracting the average true range (ATR) to the SMA. The ATR value is added to the SMA to form an upper band and subtracted from the SMA to form a lower band.

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ASC Trend Indicator


The ASC Trend indicator is a simple indicator that shows the direction of a trend. It follows price momentum and tells you where the market is heading. The indicator also illustrates a trend reversal.
The indicator draws circles on the chart to help you buy or sell pips. The circles are made up of pink and blue colors. A blue circle appears below the candle and shows an upward price trajectory.
On the other hand, a pink circle appears above the candles and describes the downward momentum.

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Pain Indicator


The Pain is a technical analysis tool developed for the MetaTrader 5 platform. It closely monitors price volatility, assesses market sentiment and predicts future trend directions.
This indicator gives you a general idea of how a group of traders or investors feel about the current state of the market for a trading asset. The purpose of this indicator is to assess the intention of the major market participants to predict the next possible price direction.

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WATR Indicator


The Weighted Average True Range (WATR) indicator is a simple MT5 indicator that shows the market trend and signals possible price changes. This is an extended version of the Average True Range indicator. The indicator smoothes the ATR by integrating a weighting factor.
The Free Download WATR indicator focuses on recent price changes and reacts quickly to changes in price behavior. It provides a simple trading signal that is easy for beginner traders to understand. Moreover, it can be used to trade all forex currency pairs on all timeframes in Metatrader 5.

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FXSSI.Calendar Indicator


As you probably know, news plays an important role in Forex pricing. You can see them in this FXSSI economic calendar Some economic events can instantly affect the value of an asset (for example, news such as NFP or FOMC).
Traders may not pay attention to the fact of the release of less important, at first glance, news. However, your lack of interest in the news events of the calendar may cause most forex market participants to lose sight of the massive regrouping of positions.

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FXSSI Trading Sessions Indicator


One of the main reasons that the forex market is attractive for trading is its round-the-clock trading hours. The high number of participants engaged in trading operations at all hours of the day and night creates high volatility.
This, in turn, gives an opportunity to find the entry points for potentially profitable deals. The 24-hour forex market operation is the reason that during the active work of some traders, other market participants have a rest. For example, such traders can be from both Western and Eastern countries.

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True Strength Index Indicator


The indicator is quite simple to interpret. The center line of the indicator is used to determine the momentum of the trend. Therefore, when the indicator line is above the 0.00 level, the momentum of the trend is considered bullish. Similarly, when the indicator line is below the 0.00 level, the momentum of the trend is considered bearish.
This indicator is suitable for various Forex trading styles such as scalping, day/intraday trading and swing trading. In addition, the indicator can be used by both novice and experienced traders.

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Absolute Strength Indicator


The Absolute Strength indicator for MT5 shows the strength of the trend. In addition, it provides BUY and SELL trading signals based on the crossover of the BULLISH and BEARish signal lines. In addition, it shows the magnitude of the strength of the trend, so traders can use the indicator to exit if the trend is weakening.
The indicator is good for beginners and experienced forex traders. New forex traders can easily identify bullish and bearish price trends. Buy and sell trading signals are easy to identify and trade.

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Trend Quality Indicator

You’ve probably heard that the trend is your friend. However, the market follows a smoothly established trend. We know that most of the time the market moves in an up and down cyclical trajectory. Therefore, the main task of traders is to determine the market trend. Luckily, the Trend Quality Indicator for MT5, which can be downloaded for free, is designed to assist traders in detecting and evaluating a trend. David Sepiashvili developed the trend quality indicator to determine when there is a smooth trend and noise in the market. The trend quality indicator measures price changes over a period of time and correlates them with market noise.

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