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Forex Indicator “Dots”

The Dots indicator demonstrates the current direction in trend by putting colorful dots on the chart. Red dots show a downtrend. Blue dots show an uptrend.

The calculation of an indicator is not built on indicators of standard MetaTrader platform, but it uses the Moving Average function for getting prices of a definite type (Close, Open, Minimum, Maximum, Typical etc.). The calculation is received from a cosine of a change in price angle. There can be set a few input parameters:

Shift (0 on default) – is a horizontal indicator shift.

Filter (0 on default) – allows filtering price surges without replenishing display lags.

Deviation (0 on default) – is a vertical indicator shift.

Length (10 on default) – is an indicator period.

Applied Price (PICE-CLOSE on default) – is a type of price used in calculations.


It is recommended to wait for 2 identic dots and open positions by trend. Sadly, it doesn’t always work. As an alternative it is better to use one dot as a signal with Filter Parameter set as Spread x 3. 


Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 


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