Market Maker X Model Indicator for MetaTrader 4 Download - Free - [TFlab]

The Market Maker Model Indicator (MMXM) is a specialized tool that provides signals in critical price zones. This indicator automatically displays Fair Value Gaps (FVG) from higher timeframes on the chart. Additionally, it highlights price highs (BSL) and price lows (SSL) within these FVG zones as dashed lines.

If the price crosses the dashed line and liquidity is collected, a Change of Character (CHoCH) or CISD identified by the indicator is marked with a purple arrow.

MMXM Indicator Specifications

The table below highlights the key points of this indicator in a brief manner:

MMXM Indicator in a Bullish Trend

In the price chart of USD/JPY in the 30-minute timeframe, the indicator marks bullish FVG zones in green. After collecting liquidity, the price exits the FVG zone upwards with a CISD and displays a Buy Signal following a CHoCH.

MMXM Indicator in a Bearish Trend

The price chart of USD/CAD in the 1-hour timeframe shows bearish FVG zones in red. The price exits the FVG zone downward for liquidity collection with a CISD, and a Sell Signal is displayed upon retracing to the FVG zone.

Indicator Settings

The image below contains the complete details of this indicator’s settings:

• Color Theme of Chart and Objects: Adjusted to light mode;
• Show Higher Timeframe Zone: Displays bullish and bearish FVGs from higher timeframes.

Conclusion

The Market Maker X Model Indicator (MMXM) is a practical tool in the MetaTrader 4 platform, enabling analysts to identify critical market zones.

By drawing FVG areas and marking price highs and lows, the indicator displays Buy and Sell signals, helping traders predict price trends effectively.