MetaTrader 5 Vertex Indicator Download - Free - [TFlab] | Forex Indicator Download - MT4/MT5 Resources

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

The Top Indicator is one of the advanced tools among MetaTrader 5 indicators . It is designed to identify reversal zones and key market levels .

This indicator is often combined with support and resistance levels to help traders predict trend reversals or continuation of the current trend .

Vertex indicator specifications

The specifications of this indicator are generally shown in the table below.

Indicator Overview

The Top Indicator first analyzes the relationship between trading volume and price movements in consecutive candles. Price increases with high trading volume indicate buyer dominance , while price decreases with high trading volume signify seller strength .

This data was smoothed using Moving Averages and represented as colored bars near the zero axis of the oscillator.

Indicators are in an upward trend

When the price reaches the Oversold Zone , crossing red bars above the -10 level is considered an initial signal to enter a buy trade . After observing this crossover, traders look for additional confirmation to ensure a trend reversal.

Once these areas are identified and the necessary confirmations are obtained, a buy trade can be initiated.

Indicators are in a downward trend

In the Bitcoin (BTC) price chart, traders will look for candlestick confirmation when price reaches a trend reversal. The Overbought Zone and the blue bars oscillator gradually approach the 10 level .

After receiving this confirmation, traders enter sell trades to take advantage of price corrections or reversals.

Indicator Settings

The detailed settings of this indicator are shown in the figure below:

• Calculation period: the number of periods for which the indicator is calculated
• Theme: The background theme of the indicator

Conclusion

Using the Top Indicator , traders can identify buying and selling pressure in the market. Longer bars indicate greater trend strength and can indicate trend continuation or reversal .

This indicator works on all timeframes. It is recommended to use both overbought and oversold indicators .