MT Terminal Indicators - Overview by Indicatorspot

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Mouteki Indicator


The Mouteki indicator for MetaTrader 4 is a technical trading indicator that plots trend lines and support/resistance zones based on past price actions. The indicator draws a trend line by connecting the past highs and lows of the price, while the support/resistance zones are drawn at past zones where the trend reversed.
Therefore, the indicator is well suited for both trend continuation and breakout traders to identify buying or selling opportunities. Besides, the indicator would also be helpful to scalpers and day/intraday forex traders to find better trade entry/exit zones.

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Multi Range Calculator Indicator


The Multi Range Calculator for MetaTrader 4 is a forex trading tool that analyzes the market to display different technical information about a financial trading instrument. Simply put, it is an indicator that provides insight into multiple price ranges moved by an instrument.
So, the indicator was developed to display the information for the previous trading range of any financial asset. The range calculated is the 1-day, 5-day, 10-day, 20-day, and daily ranges. Furthermore, it also automatically calculates and displays the recommended stop loss for an intended trade postion.

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ATR Stop Indicator


The ATR Stop Indicator uses the traditional ATR indicator to identify stop-loss levels.
The indicator consists of two main components: the ATR value and a multiplier. The ATR value represents the current market volatility, and the multiplier is used to determine the distance at which the stop-loss level should be placed from the current price.
Although the indicator works fine on all timeframes, it’s better to apply it on longer timeframes.

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Daily Range Calculator Indicator


The Daily Range Calculator shows key info like average daily range, risk to reward ratio, maximum stop-loss levels for both short and long positions, as well as the daily low and high prices for a particular trading pair.
Although the indicator can be applied to any timeframe, it’s better to use it on longer timeframes.

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Double Top Indicator


The Double Top Indicator identifies key market reversals by plotting red and green diamonds. It displays green diamonds above the price bars during an uptrend. These green diamonds indicate the formation of higher highs and higher lows.
When there is a downtrend, the indicator will plot a red diamond, signaling lower lows and lower highs.
The traditional double-top pattern forms when the price reaches a resistance level, retreats, and then makes a second attempt to break through that level but fails. This failure is often seen as a bearish signal.

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Dynamic Trend Cleaned Up Indicator


The Dynamic Trend Cleaned Up Indicator draws a trendline to indicate the direction of the trend.
Rather than being fixed in one position, the trendline of this indicator moves in conjunction with the price, taking recent price movements into consideration and automatically adjusting itself.
The good thing is you can use the indicator on all timeframes. However, the indicator may present false signals on lower timeframes.

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Mouteki Demark Trend New Indicator


The Mouteki Demark Trend New Indicator uses elements from the Mouteki and Demark trendline methods to find the market trends.
The indicator plots a trendline to identify the current trend. It also plots red and blue circles to signal a potential reversal. When the indicator plots a red circle in an uptrend, it suggests a bearish reversal and vice versa. It also draws support and resistance levels.

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Trade Breakout Indicator


The Trade Breakout Indicator tells about market divergences by plotting red and blue lines.
Divergence is a concept that focuses on the relationship between the price and the oscillator or technical indicator. It occurs when the price and the indicator move in opposite directions. Divergence can be bullish or bearish, signaling potential reversals.

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Higher High Lower Low Indicator


The Higher high lower low indicator for MT4 provides forex traders the best entry points to scale up and add positions during a trend. Additionally, the indicator identifies the trend direction and stop loss points. So, forex traders can generate the maximum profits during a trend movement by adding multiple positions.
The indicator works well on all chart time frames including the daily, weekly and monthly. It is useful for intraday trading, short term trading and long term trading. Though the trading strategy is simple, new forex traders should use price action to understand trend exhaustion. This helps to avoid entering the trades at the end of a trend.

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Weekly HiLo Indicator

The Weekly HiLo indicator for MetaTrader 4 is a technical indicator built with algorithms that identifies and plots the last week’s highs and lows of the price. It’s an incredible technical trading tool that is suited for trend continuation and breakout traders.

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Higher Highs and Lower Lows Indicator


The Higher highs and lower lows indicator for MT4 automatically identifies the higher highs and lower lows. Additionally, it plots the Zigzag line and helps forex traders to identify the trend direction. Moreover, traders can buy from the low and sell from the high once the indicator identifies them and maximize the trading results.
The indicator works well in all chart time frames, however works well in higher time frames. The indicator is easy to use for both new and advanced forex traders.

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RSI Candles Indicator

The RSI Candles indicator for MetaTrader 4 is a financial trading tool automated to show the value of the Relative Strength Index on candlesticks. This posits that the RSI indicator itself wouldn’t be visible on the chart; rather, its value would be displayed on every candlestick.

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Momentum Pinball Indicator

The Momentum pinball indicator for MT5 is an oscillator that generates buy and sell signals in the Forex market using a combination of classic RSI and ROC indicators. Since the indicator is an oscillator, the signals are based on the indicator values of 70 and 30. In fact, this indicator combines oversold and overbought levels with momentum to provide profitable trading signals.

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Kalman Filter Indicator


The Kalman Filter indicator uses a fast adaptive moving average and displays trend-following buy/sell signals on MT5 charts. This is indeed an MTF indicator, but we have found that it works more consistently when applied on H4 timeframes and above.
Technically, the indicator is best suited for intraday traders who are looking for long-term forecasts of the upcoming market trend. Strategies like these help you evaluate buying and selling opportunities for higher profits. Judging by the appearance on the chart, the indicator may look like a moving average, but provides more information about the current state of the market (bullish or bearish).

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Klinger Oscilator Indicator

The Klinger Oscillator indicator for MetaTrader 5, also known as the Klinger Volume Oscillator indicator, is a special trading tool that looks like a traditional MACD, but works differently. It was built using algorithms that evaluate and compare price volume strength with market trend strength and then draw a Klinger line. Line crossovers give trading signals to buy and sell.

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Didi Index Indicator


The Didi Index indicator for MetaTrader 5 is a forex trading indicator that measures the strength of a financial asset and also generates buy/sell signals when the price is in the optimal zones. The indicator algorithm essentially tracks the difference between the trading volume and the price of an asset.
In addition, the indicator has two moving averages that expand and contract as the asset’s market volume increases/decreases.


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HalfTrend 1 & Alerts Indicator


The HalfTrend 1 & Alerts indicator determines the trend direction by drawing a signal line and arrows on the chart.
The signal line moves with the price and changes color when the trend changes.
The second aspect of this indicator is the arrows. These arrows appear when the signal line changes color and marks the entry point.
The indicator works on all timeframes, but it is better to use the indicator on longer timeframes, as it can give false signals.

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Daily Data Indicator

The Daily Data Indicator for MT5 is an essential Forex trading tool that helps traders get information about a currency pair. The dashboard provides detailed information about the current day’s price range and changes. In addition, it shows the distance of the current price from the high and low of the day. In addition, it displays the values of the spread, long and short swaps. In addition, the indicator also shows a candle timer on the chart.


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DTOSC Indicator

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The DTOSC indicator is an RSI stochastic and defines overbought and oversold conditions. Forex traders can use the DTOSC – Dynamic Trader OSCillator indicator to identify extreme levels and then use the signal line crossover to enter. Thus, traders can apply simple cross trading strategies to consistently generate buy and sell signals in the Forex market.

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ASO Indicator


The ASO indicator for MetaTrader 5 is also known as the Average Sentiment Oscillator indicator. This is a trend-following oscillator that shows the mood of the market and also gives buy/sell signals.
The indicator is built with two lines (of different colors) that are used to indicate the direction of the trend and a potential trend reversal. Also, the 50.00 level of the indicator is used to determine if the mood of the trend is bullish or bearish. Thus, the market is considered bullish when the royal Green line is above the 50.00 level. Similarly, a bearish trend is indicated when the red line is also above the 50.00 level.

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