Vertex Indicator Download for MetaTrader 4 - Free - [TFlab] - MT4/MT5 Resource

On July 22, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The Top Indicator , one of the MetaTrader 4 indicator , analyzes volume and trend strength .

The tool uses colored bars around the zero level to display buy and sell conditions. Blue bars indicate buy volume in the indicator, and red bars represent sales volume.

Vertex indicator specifications

The table below summarizes the functionality of this indicator.

Indicator overview

This indicator [Vertex Point] initially calculates volume and price changes between consecutive candles. Positive price changes and high volume signal buying pressure , while negative price changes accompanied by high volume signal selling pressure .

After smoothing using methods similar to Moving Averages , these data points are displayed as colored bars near the zero level of the oscillator.

Uptrend analysis of indicators

In the NZD/CAD currency pair chart, the price reaches the oversold zone and the indicator histogram approaches the negative 10 level of the oscillator .

In this case, the trader can enter a buy trade after observing the appropriate candlestick confirmation.

Analysis of the downward trend of indicators

In the GBP/JPY currency pair chart on a 30-minute timeframe , after the uptrend ends, the price reaches the overbought zone .

Here, the indicator's blue bar touches the 10 levels in its window, prompting the trader to enter sell trade .

Indicator Settings

The image below details the settings part of the indicator:

• Calculation Period: Defines the number of calculation periods for the indicator
• Theme: The background theme of the indicator

Conclusion

Vertex Points are a key concept in technical analysis . They are used to identify reversal zones or trend continuation areas on a price chart.

These areas often appear at prominent support or resistance levels , providing valuable information about price action. Traders can use support and resistance indicators to effectively identify these areas.