MSP Indicator for MetaTrader 4 – Free Download [TradingFinder]

The MSP Indicator is a specialized tool based on market volatility in technical analysis, which, by analyzing the strength and direction of momentum, accurately identifies major trend reversal points.

This indicator determines optimal trade entries based on momentum shifts and acts as a signal filter to increase the accuracy of other analytical systems.

MSP Indicator Table

The general features of the MSP trading indicator are presented in the table below:

MSP Indicator at a Glance

The core logic of the MSP trading indicator relies on the ATR (Average True Range) with a 14-period setting, using past candles’ High and Low values to calculate the average price fluctuation range.

Based on these calculations, When the current price is higher than the ATR average, a Buy signal with a blue arrow is generated.

Conversely, when the current price is lower than the ATR average, a Sell signal with a red arrow is generated.

Indicator in Uptrend

The chart below shows the currency pair CAD/CHF on a 30-minute timeframe. 

In a bullish scenario, when the MSP Indicator generates an upward arrow with the text “BUY”, it indicates the potential beginning of an uptrend and strengthened buyer momentum. 

Under these conditions, entering a buy trade immediately after the signal is triggered can be effective.

Indicator in Downtrend

The chart below shows the currency pair GBP/AUD on a 1-hour timeframe.

In this trading tool, when a downward arrow with the text “SELL” appears, it signals seller pressure and the possible start of a bearish trend.

In this case, a favorable zone for short entries is established.

MSP Indicator Settings

The image below shows the MSP Indicator settings panel on the MetaTrader 4 platform:

• SENSITIVITY: Indicator sensitivity to market changes
• ATR_PERIOD: Period for calculating the ATR average
• PRICE_SOURCE: Type of price data used
• TEXT_DISPLAY: Display signal texts on the chart
• BUY_SIGNAL_COLOR: Color for Buy signal
• SELL_SIGNAL_COLOR: Color for Sell signal
• ALERT: Show alerts
• EMAIL: Send signals via email
• NOTIFICATION: Send notifications
• MESSAGE_TIMEOUT: Display duration of alert messages
• MESSAGE_SUBJECT: Subject text of alert messages

Conclusion

The MSP Indicator enables traders to enter trades effectively by quickly identifying momentum shifts at the start of bullish and bearish trends.

In a bullish scenario, the “BUY” signal reflects buying pressure and In a bearish scenario, the “SELL” signal indicates selling power.