MetaTrader 5 Forex MTN Indicator – Free | Forex Indicator Download – MT4/MT5 Resource

On July 6, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The Forex MTN Indicator is a momentum-based tool designed for the MetaTrader 5 platform.

By technical analysis of the strength of price movements, this indicator identifies areas of overbought and oversold financial markets, including forex, cryptocurrencies, and commodities.

Forex MTN Indicator Specifications Table

The summary of Forex MTN Indicator is as shown in the following table:

Indicators at a glance

In the Forex MTN Indicator , the tool generates entry and exit signals using colored dots when momentum approaches overbought or oversold zones:

• +24 level : indicates entering the overbought area, displayed as red dot
• −24 level : indicates entering the oversold area, displayed as blue dot

Uptrend Conditions

The chart below shows the currency pair USD/CHF on the 5 minute time frame. When price is at the uptrend , the histogram bars enter the oversold region (below -24), indicating waning bearish momentum.

If blue dots appear simultaneously, this can be considered a buy signal .

downtrend conditions

The chart below shows XAUUSD (Gold) on a 30-minute time frame. When the price is downtrend , the histogram bars enter the overbought zone, and the corrective trend shows signs of weakening.

If a red dot appears above the bar at the same time, this can indicate conditions suitable for sell trade .

Conclusion

The Forex MTN Indicator (Forex MTN) is a momentum-based technical analysis tool that analyzes price movements to identify trading signals in overbought and oversold zones.

This indicator has no input parameters and runs automatically without initial setup.