MT Terminal Indicators - Overview by Indicatorspot

#mt4
FIR MA Indicator

The FIR MA indicator for MT4 plots a moving average line with almost zero lag. Traders can apply any one of the 5 types of window in the input settings to increase the sensitivity and remove lag. As the indicator tries to reduce the lag it tends to hug the price with a shift. So, forex traders should try to work with the input settings to accommodate it to their trading strategy.

..read more and download here

#mt4
EUR Strength Index Indicator

The EUR strength index indicator for MT4 automatically calculates the strength of EURO in relation to the 7 EURO currency pairs. It provides weighted index strength of the EURO as a currency. The basic rule of the forex trading is to buy the strongest and sell the weakest. This indicator helps forex traders to identify EURO as a currency and pair it with other currency to and buy or sell accordingly.

..read more and download here

#mt4
GBP Strength Index Indicator

The GBP strength index indicator for MT4 displays the strength of the GBP currency based on the strength or weakness of 7 GBP pairs. Since all currency pairs do not move continuously, traders use this indicator to choose the best currency with higher strength or weakness. The combination of the strongest and weakest currency pair would have higher volatility and price movement. Hence, it would provide multiple and profitable trading opportunities.

..read more and download here

#mt4
Market Correlation Indicator

The Market correlation indicator for MT4 plots the relation between the currency pairs in real time. It helps forex traders to identify if any two currency pairs are moving in the same or opposite direction. As a result, traders can study the price movement of a correlated currency pair to understand and anticipate the price movements of the other pair.

..read more and download here

#mt4
Yesterday Breakout Button Indicator

The Yesterday breakout button indicator for MT4 plots the high and low of the previous trading day. Additionally, it provides the current price in between the high and low price. This enables the forex traders to identify if the price breaks out the previous day’s price. Forex traders using breakout trading strategy or technical analysis can identify the bullish or bearish price trend based on the breakout.

..read more and download here

#mt4
XU V3 Channel Indicator


The XU V3 channel indicator for MT4 automatically plots channels on the forex price chart. These channels are coded by Xard Universe and use high and low prices for plotting the channel. Moreover, it provides additional filters to suit the needs of all types of forex traders.
The indicator is simple to use and is a channel. So, new forex traders should educate themselves with channel breakout and rejection trading strategies before using this indicator. Furthermore, traders can use this indicator in all chart time frames.

..read more and download here

#mt4
VHP Channel Indicator


The VHP Channel MT4 indicator is a technical indicator used to assess trend direction and potential trading opportunities. It is a hybrid indicator that combines the Kaufman Adaptive Moving Average (KAMA), linear regression, and smoothing.
The VHP Channel indicator comprises two lines: one center and two outside bands. The central line is a smoothed KAMA modified for trend direction. The outside bands are two linear regression lines drawn above and below the central line.

..read more and download here

#mt4
RSI Ob Os Arrows Alerts Indicator

The RSI Ob Os Arrows Alerts Indicator for mt4 is a custom indicator that shows arrows and alerts when the Relative Strength Index (RSI) crosses into an overbought or oversold area. It is a popular forex indicator because it can assist you in identifying probable market reversals.

..read more and download here

#mt4
SVS Oscillator Indicator


The SVS Oscillator is a technical tool that assesses the current market price by comparing it with the prior two extreme values, enabling the evaluation of the strength of a trend. Igor Somov created it and published it in the MQL5 forum in 2014. You calculate the indicator using the following formula:
SVS Oscillator = (Previous Higher High – Current Price) – (Previous Lower Low – Current Price).

..read more and download here

#mt4
RSI FWA Indicator


The RSI FWA Divergence indicator scans for and shows price and RSI divergences. The indicator may detect both bullish and bearish divergences. You can use low-risk trend reversal trading successfully in bullish and bearish situations.
The indicator is a versatile tool for scalping, day trading, and swing trading. It is appropriate for all timeframes and currency pairs. The indicator appears in a separate window underneath the main trading chart.

..read more and download here

#mt4
WVF MA Alerts Indicator


The WVF MA alerts indicator for MT4 adds a moving average to the Williams Vix Fix indicator. As a result, trade entry signals that are filtered by the moving averages are of better quality and profitable. Moreover, the addition of the MA line simplifies the trading decision using this indicator and avoids subjectivity of the VIX.
New forex traders should educate themselves with VIX – Volatility index before trading with this indicator. The indicator works well with all intraday and higher time price charts and is useful for traders of all types. In many automated trading systems the VIX plays an important role, so traders can use in confluence with others.

..read more and download here

#mt4
TTF Hist Indicator

The TTF Hist indicator for MT4 is a momentum indicator that helps forex traders to identify short term momentum reversals. The histogram is based on TTF – Trend Trigger Factor and adds T3 indicator as a smoothing factor. As a result, the indicator provides forex traders with effective and profitable entry signals.

..read more and download here

#mt4
Step RSI Indicator

The Step RSI indicator for MT4 is the classic RSI indicator filtered with step and a moving average. Most forex traders get false trading signals during trading with RSI alone. However, the filters of this indicator help forex traders to get quality trading signals and eliminate most of the false starts.
The indicator is easy to interpret as it contains only a RSI line and moving average line. So, it is suitable for new and advanced forex traders. Additionally, traders can plot this indicator on any intraday price chart as well as the long term price charts.

..read more and download here

#mt4
ROC Smoothed Indicator

The ROC smoothed indicator for MT4 calculates the rate of change of forex currency pair to provide bullish and bearish trend signals. It calculates the rate of change by using the price change between the current closing price and the closing price of a desired period. The rate of change or the switch between the bullish to bearish and vice versa helps forex traders with a best entry point.

..read more and download here

#mt4
Price Distribution Indicator

The Price distribution indicator for MT4 plots the distribution of price within a H4 candle in a lower time frame chart. So, forex traders can have a better understand of the price movement and in the domination of bulls and bears during that time frame. Moreover, it plots the high watermark and low watermark. This helps forex traders to understand the high and low and look for price rejection or break out for a better entry.

..read more and download here

#mt5
NRTR Indicator


Nick Rypok’s Trailing Reverse, known as the NRTR indicator for MetaTrader 5 (MT5), is a technical trading tool for detecting the potential end of retracement zones. This means that the indicator is suitable for an established trend to find optimal zones to enter the market after a minor recovery.
Thus, the indicator draws a red or blue dot whenever it detects a potential completion of a bearish/bullish retracement.
In addition, the identified zones (red/blue dot) also double the dynamic support/resistance levels for price reversal.

..read more and download here

#mt5
StochRSI Indicator

The StochRSI Indicator for MT5 combines the RSI (Relative Strength Index) and Stochastic indicators to provide enhanced trading signals. This indicator is especially beneficial for both novice and experienced forex traders, as it offers improved accuracy compared to using the RSI or Stochastic indicators independently.
The StochRSI indicator identifies overbought and oversold levels, which are excellent entry and exit points for bullish and bearish price trends. It is recommended for beginners to rely on the trading signals provided by this indicator. On the other hand, advanced traders can use it to verify and validate signals generated by the standalone RSI and Stochastic indicators. Additionally, the overbought and oversold conditions can be leveraged in automated trading systems.

..read more and download here

#mt5
Auto Trend Lines Channels Indicator

Attached Image (click to enlarge)

The Auto Trend Lines Channels Indicator identifies market highs and lows and connects swing areas to create automatic trendlines.
This indicator is best for beginners who depend on trend signals but find it difficult to draw a trend line manually. It also saves time for experienced traders who analyze trends on multiple charts every day.
To get the most out of the Auto Trend Lines Channels indicator, traders need some basic price action skills. For example, pin bar signals, inside bar breakouts, false breakouts, etc. Such skills will help you understand how price reacts in trendline areas.

..read more and download here

#mt5
Auto Trend Channels Indicator


The Auto Trend Channel indicator allows you to easily analyze the dynamics of trend movement in the long and short term.
Automatically building channels using the indicator will allow you to save a lot of time and achieve more impressive trading results.
The lines that act as channel boundaries also act as price levels. These channel lines allow you to use them when trading pending orders.
After installing the indicator, a price channel should appear on your terminal screen. If necessary, visual settings can be changed at your discretion.

..read more and download here

#mt5
MTF HighLow Indicator


Introducing the MTF High Low forex indicator, a robust tool exclusively designed for the MT5 or MT5 platform. It effortlessly charts the previous high and low price levels across a wide range of periods, including today, historical data, and even custom timeframes.
These levels are visually presented as lines on your chart, conveniently labeled with the corresponding timeframe acronym. With a variety of layout options available, you can customize the indicator to suit your preferences.

..read more and download here