MT Terminal Indicators - Overview by Indicatorspot

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Fisher Transform Indicator


The Fisher Transform Indicator identifies potential reversals. The indicator, developed by J. F. Ehlers, is based on the assumption that prices do not follow a normal distribution and exhibit non-linear behavior.
The indicator is mainly used to identify overbought and oversold conditions in the market, which may indicate potential trend reversals.

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Dinapoli Targets Indicator


The Dinapoli Targets indicator for MetaTrader 5 is a technical indicator that draws Dinapoli levels on a chart. The identified zones are key levels that typically act as potential trend reversal levels, also known as support and resistance levels.
The indicator is suitable for all classes of forex traders, especially for beginners, as it automatically determines optimal buy/sell entry zones with appropriate take profit and stop loss targets.

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Double Top Indicator


The double top indicator identifies key market reversals by drawing red and green circles. It displays green circles above the price bars during an uptrend. These green circles indicate the formation of higher highs and higher lows.
In a downtrend, the indicator draws a red diamond, signaling lower lows and lower highs.

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Beginner Indicator

The Beginner Indicator for MetaTrader 5 is an easy to use trend following system that analyzes the financial market and then displays meaningful highs and lows printed by price. It does this by comparing price peaks and valleys with the trading range covered during the period.

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Awesome Oscillator Indicator


The Awesome Oscillator indicator is a modified version of the traditional Awesome Oscillator and provides additional information using a signal line.
It calculates the difference between two simple moving averages of different periods.
It fluctuates above and below the zero line, with positive readings indicating bullish momentum and negative readings indicating bearish momentum.

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Arrows Curves Indicator

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The Arrows Curves indicator is a momentum indicator that finds breakout signals based on a price channel. The indicator draws two green and two orange lines on the chart, creating a channel-like structure that envelops the price movement. These lines serve as dynamic support and resistance levels.
In addition to the green and orange lines, the indicator also includes signals indicating a momentum breakout. These circles and crosses point in the direction of the breakout.

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ASI Indicator


The Accumulative Swing Index (ASI) is used to assess the long-term trend and potential price reversals of a currency pair.
It was developed by Welles Wilder as a modification of his swing index. ASI combines price, time, and volume to produce a single value that reflects the strength of the underlying trend.
Unlike other indicators that rely solely on closing prices, the indicator takes into account the opening, closing, high and low prices of candlestick charts.

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ASC Trend Indicator

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The ASC trend indicator draws trading signals on your chart. The indicator draws bullish and bearish signals in blue and magenta. Blue represents a bullish bar and magenta represents a bearish one.
The indicator works on all timeframes.
However, using the indicator on longer timeframes is better for limiting false signals.

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BB MACD Indicator


The BB MACD indicator for MT5 is a combination of the classic MACD and Bollinger Bands. The indicator plots Bollinger Bands on MACD and issues trading alerts based on MACD volatility. However, since the band is small, it is efficient to take a trade when the bands are broken up or down.
The indicator is similar to trading with the classic Bollinger Bands, so beginner Forex traders should familiarize themselves with them in advance.

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RSI Candles Smoothed Indicator


The RSI Candles Smoothed Indicator differs from the regular RSI Candles indicator as it includes a smoothing moving average (MA), resulting in a less noisy display of bullish and bearish sentiment. Rather than showing the RSI value directly on the chart, this indicator displays it on each candle.

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Delta Force Indicator

The Delta force indicator for MetaTrader 4 is a volatility-based indicator designed to detect potential trend reversal zones of a financial trading instrument. The indicator’s algorithms track the previous extreme zones where the price reversed due to low market volatility.
Therefore, the indicator displays the Extreme zones of the price with histogram red and green bars. Thus, the long histogram bars indicate that the market has been overstretched to its limit, suggesting a potential trend reversal. The longer the histogram bars, the higher the probability of a trend reversal due to an overstretched market condition.

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Barrows Swing Indicator


The Barrows Swing Indicator draws the potential buy and sell zones. The indicator also plots the extreme levels on both up and down.
It identifies the swing lows and highs and plots the waves X, A, B, C, D, and E. Hence, you can find harmonic patterns as well.
You can use the tool at any timeframe. Notice that the levels are different for each timeframe. However, the probability increases when used on higher timeframes.


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Color Stochastic Indicator


The Color stochastic operates much like the stochastic oscillator but with a slight modification. It functions as a momentum indicator that compares a specific closing price of a financial asset with a range of its prices during a designated timeframe.
By comparing the closing price with historical price movements, the indicator aims to anticipate potential price reversal points. These points are colored green for a bearish reversal and red for a bullish reversal.

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MTF Candlestick Indicator


The MTF Candlestick indicator for MetaTrader 4 is a multi-timeframe indicator that displays the candlestick pattern of a specified higher timeframe on a lower timeframe. For example, you can set the indicator to show the candlestick formed on the H4 time frame in a lower time frame like the H1.
This indicator would be beneficial to forex traders that make multiple timeframes analysis to get an insight on the candles of the higher time frames. This is because it gives a skeletal view of vital information like the open/close price and high/low prices on any higher timeframe without switching to the timeframe.

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WPR Indicator


The WPR indicator for MetaTrader 4 is commonly known as the William Percentage Range (WPR) indicator. It’s an oscillating indicator suitable for identifying potential trend-reversal zones in the market.
The WPR (William Percentage Range) indicator is a trend analyzer that detects an oversold/overbought limit of financial trading assets. However, this version of the WPR indicator is highly optimized to smooth the price, which enables it to be more sensitive to overstretched limit zones of the price.

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Volty Channel Stop on Jurik Indicator


The Volty Channel Stop on Jurik Indicator for MetaTrader 4 is a trend reversal indicator that relies on a trend analyzer and the the Average True Range (ATR) of the price for a change in the market direction.
The indicator was built with a big and small dot, which tells the trend direction and the potential reversal zone, respectively. The small dot represents the ATR indicator, while the big dot shows the trend direction of the market. So, the price of an instrument is expected to change direction when it touches the ATR dot.

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Levels for Options Indicator


The Levels for Options indicator for MetaTrader 4 is an indicator that displays the significant levels ideal to buy/long or sell/short options in the market. The indicator automatically generates the options level from the live data on the Chicago Mercantile Exchange (CME).
So, the indicator is essentially a system optimized for MT4 that displays trading opportunities for options traders to buy/call or sell/put an underlying asset. It calculates and delivers a call/put option signal at a predetermined point, otherwise known as the strike force, where the price is expected to reverse.

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Improved Daily Data Indicator



The Improved Daily Data Indicator on MT4 is a crucial tool for traders, furnishing information about a specific currency pair. Within the information panel, you can access particulars about the price range and changes for the ongoing day.
Additionally, it illustrates the disparity between the current price and the day’s highest and lowest values. Moreover, the indicator shows data about the spread, swap, long, and short values. Alongside these features, the indicator includes a candle timer on the chart.

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Forex Profit Boost Indicator

The Forex profit boost indicator for MT4 is a trend following indicator that identifies bullish and bearish market conditions. The indicator provides buy and sell trading signals by combining the classic Bollinger bands and Moving averages. As a trend indicator, forex trend traders should consider using them only during trending market conditions.

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Best Forex Reversal Indicator


The forex reversal indicator for MT4 helps forex traders to ride the bullish and bearish market trend. In fact ,the indicator provides trading signals using a combination of classic ZigZag, Stochastic, Trend line and Moving averages.
The indicator provides simple up and down arrows and is suitable for new and advanced forex traders. However, new forex traders should be aware that the indicator recalculates due to the ZigZag calculations. Advanced forex traders can use the indicator with additional confirmation of price action. Furthermore, the indicator works well in all chart time frames and is suitable for short and long term traders.

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