The Overbought and Oversold Forex Indicator is a free and popular tool for MT4 that can be used to identify potential entry and exit points in the Forex market. It is a useful technical indicator that allows traders to identify when the market is overbought or oversold. The indicator works by comparing the current price to the previous day’s closing price and then plotting a line on the chart. If the line is above the previous day’s closing price, it is considered overbought, and if it is below the previous day’s closing price, it is considered oversold. It is a useful tool for traders of all levels, and can be used in combination with other indicators to create a more comprehensive strategy.

The Point Zero Oscillator is a useful, popular, and free Forex indicator for MT4. The indicator is composed of two lines, the main line and the signal line. The main line is an oscillator that moves between 0 and 100. When the main line moves above 70, it indicates that the trend is strong and likely to continue. Conversely, when the main line moves below 30, it indicates that the trend is weak and likely to reverse. The signal line is a moving average of the main line and is used to generate buy and sell signals. The Point Zero Oscillator is a great tool for traders looking to identify potential trend reversals and measure the strength of the current trend.