MT Terminal Indicators - Overview by Indicatorspot

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Currency Strength Index Indicator


The MetaTrader Currency Strength Index Indicator is a dedicated trading tool that measures and compares the strength of different currencies. It comes with lines that represent the rise and fall of the strength of the selected currencies.
The indicator has algorithms that are sensitive to changes in the prices of various currencies. The algorithms work with the slope of a currency to determine its strength. A weak currency is drawn when the negative slope is negative, while a strong currency is positioned when the positive slope is positive.

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Custom Spread Indicator


The Custom Spread Indicator for MetaTrader 5 is a technical tool that calculates and displays the current trading spread of a financial asset. The market spread is divided into low, medium and high, which are indicated in green, orange and red, respectively.
The indicator is suitable for different categories of traders such as scalpers, day/intraday and swing traders. However, scalpers will find it more valuable and convenient, because, for example, a high market spread can negatively affect short-term (scalping) trading positions.


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Overlay Chart Indicator


The Overlay Chart Indicator is a simple MT5 indicator that compares the price action of two currency pairs. The indicator plots two prices at the same time to compare the price action of two currency pairs. Along with price action, the indicator also indicates the high, low, open, and close of the pair it overlaps.

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PZ Three Drives Pattern Indicator

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The PZ Three Drives Pattern indicator for MT5 automatically detects a harmonic chart pattern with three movements. In addition, it displays Fibonacci ratios on the chart and warns about forex trading signals. As a result, traders can enter the market by buying or selling, respectively.
Trading using the indicator requires prior knowledge of the concepts of harmonic trading and the corresponding Fibonacci levels. Thus, the indicator is best suited for intermediate and advanced forex traders. In addition, the indicator gives trend reversal signals.

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New Heiken Ashi Indicator


The New Heiken Ashi Indicator for MetaTrader is a trend following system that analyzes the trend shift of any currency pair. This is an improved version of the regular indicator, developed using more advanced technical tools.
The indicator bars change color to blue to indicate a potential bullish move and turn red when the trend is bearish.
Moreover, the indicator is recommended for beginners, intermediate and advanced forex traders. It would also be an invaluable trading tool for scalpers, intraday and swing traders.

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ZigZag Fibonacci Fan Indicator


The ZigZag Fibonacci Fan Indicator is an MT5 indicator that uses Fibonacci ratios to plot support and resistance levels. The indicator uses Fibonacci ratios such as 23.6%, 38.2%, 50%, 61.8% and 80.9% for its calculations. The indicator converts these ratios into five lines.
The indicator draws lines from a high or low point and determines the direction of the trend. It automatically draws blue and red lines to identify a bullish or bearish trend so that traders can open positions accordingly.

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Fibo Pivot v2 Indicator

The Fibo Pivot v2 indicator for MT5 automatically calculates reversal levels. The indicator builds support and resistance levels based on 0.38, 0.62 and 0.99 Fibonacci levels. This is the main difference between this indicator and other versions of the reference line indicators. Because the indicator combines the popular and powerful Fibonacci calculation with pivot points and plots support and resistance lines.

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Color Zero Lag TRIX OSMA Indicator

Color Zero Lag TRIX OSMA for MT5 is an easy to use indicator that uses color bar charts. It is based on the moving average oscillator. You can use the indicator to trade any instrument on any timeframe. It works well on any time frame and you can use it to trade any currency pair.

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Supertrend MTF Alert Indicator


The Supertrend MTF Alert indicator is a simple MT5 indicator that reports the direction of a trend. The indicator draws red and green lines to highlight the trend. The green line indicates a bullish trend and the red line illustrates a bearish trend. The red and green lines use ATR (average true range) calculations.
Whenever there is a trend change, the indicator changes its color. Thus, it also represents key market reversals.

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Brain Trend To Signal Alert Indicator


The Brain Trend To Signal Alert indicator is a simple MT5 indicator that reports the direction of a trend. The indicator draws circles to indicate the direction of the trend. Whenever there is bullish momentum, the indicator draws blue circles. Conversely, the indicator draws red circles when there is bearish momentum.
The circles act as support and resistance levels. Red circles mark resistance levels, and blue circles mark support levels.

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Camarilla Points Indicator

The Camarilla Points indicator is a simple MT5 indicator that reports support and resistance levels. Traditional Camarilla Points is a mathematical indicator that uses the previous day’s high, low and close to create support and resistance lines on a chart. Nick Scott created it.

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Patterns On Chart Indicator

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Patterns On Chart is an automatic candlestick pattern detection indicator for MT5. It helps beginners become familiar with price structures and understand how they work in the financial trading markets.
In addition to displaying high-low prices and open-close prices, the candlestick structure also reflects the mood of the market. Traders use candlestick charts to predict potential price movement based on historical trends.

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Relative Vigor Index Indicator

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The Relative Vigor Index (RVI) is a technical indicator that measures the strength of a trend. It is based on the assumption that the longer a trend exists, the harder it is to reverse it.
Thus, RVI can be used to identify potential turning points in the market. The indicator consists of two lines: main and signal. The main line is calculated by taking the difference between the closing price and the moving average of the closing price, and the signal line is the moving average of the main line.

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DPO Indicator



The DPO indicator is a simple indicator that indicates overbought and oversold levels on a chart. DPO, also known as a trendless price oscillator, works like any other momentum oscillator.
It fluctuates between 0 and -0 and indicates overbought and oversold zones. Traders can then go long or short positions.
The indicator works best on longer timeframes such as a weekly or monthly chart. Short-term traders can take advantage of DPOs by looking for signals on longer timeframes and then taking positions on shorter ones.

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BBand Stop Indicator



BBand Stop provides accurate trend signals on the MT5 platforms that help day/intraday forex and stock traders make accurate buy/sell decisions.
It applies an automatic trendline that closely monitors the positions of price fluctuations and changes in market momentum. In addition, the indicator uses the 20-period Bollinger Band to determine intraday price breakout levels.
This guide explains how to identify trend following buy/sell signals using this indicator in MT5.

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i-Regr Indicator

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The i-Regr Indicator for MetaTrader is a parallel line forex indicator suitable for identifying trend direction and potential reversal zones. It was built on the principle of linear regression to determine the maximum and minimum of the asset price.
The indicator was developed using algorithms that use equidistant parallel lines to determine price highs and lows, also known as a price channel. The identified price channel can act as potential support and resistance levels that can transform into a BUY/SELL zone to enter a trade.

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Precision Trend Histogram Indicator

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The Precision Trend Histogram is a simple MT5 indicator that reports the direction of a trend. The indicator builds a histogram below the chart in the lower window.
The histogram consists of orange and green bars. The color of the bars indicates the direction of the trend.
Traders can apply the indicator on any time frame; however, it is best to apply it on longer timeframes to filter out any false signals.

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DSL DMI Oscillator Indicator

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The DSL DMI Oscillator Indicator is an MT5 indicator that reports overbought and oversold levels. TheIndicator uses DMI values which denote the directional movement index. It then predicts how the market will behave using these values. It not only speaks about strength, but also about the direction of price movement.
He uses DI+ and DI- (which are directional indicators) to find a calculation useful for traders who want to know whether to back out or continue a trade. The indicator is great for reducing false alarms.

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Bollinger Bandwidth Indicator


The Bollinger Bands Indicator for MT5 measures the difference between the outer bands of the classic Bollinger Bands indicator. The width of the Bollinger Bands increases when the price is volatile and decreases when the volatility is low. As a result, the Bollinger Band Width indicator also increases in value when volatility is high and decreases when volatility is low. As a rule, the indicator is built in a separate indicator window as an oscillator.

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HLC Trend Indicator


HLC Trend is a MA trend cross signal indicator that works on MTF charts and is suitable for all MT5 trading strategies.
The HLC trend indicator is a great indicator for both beginners and experts as it is relatively easy to use. Because you need to watch for line crossings, there isn’t much interpretation required. Secondly, you can use it to trade any currency pair and any trading session of your choice.

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