Forex Market Statistics is a free mt4 (Metatrader 4) indicator that can be used for trade entries and exits, or it can act as an enhanced trend filter.
The indicator pops up in the main MT4 chart window in the form of an array of aqua colored lines.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Market statistics.mq4” indicator for MT4
Indicator Chart (EUR/USD M30)
The picture below shows the Forex Market Statistics mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Forex Market Statistics indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Does the indicator repaint? No.
MT4 Market Statistics and SuperTrend MTF Forex Strategy
The MT4 Market Statistics and SuperTrend MTF Forex Strategy is designed for traders who want to combine statistical market data with dynamic trend confirmation.
It merges the analytical power of the Forex Market Statistics Indicator with the trend-following accuracy of the SuperTrend MTF Forex Signal Indicator.
This combination helps traders understand market structure, volatility, and session behavior, while timing entries precisely when trend direction changes.
The Market Statistics indicator displays valuable data directly on the chart, similar to the Market Profile concept.
It highlights areas where the price has spent significant time and volume, helping traders identify potential support and resistance zones.
Meanwhile, the SuperTrend MTF indicator confirms the current market direction using a simple color system: a green line for bullish trends and a red line for bearish ones.
When both indicators align, traders can enter trades backed by statistical context and momentum confirmation.
This strategy works best on the M5 and M15 timeframes for intraday setups.
It’s ideal for traders who prefer short- to medium-term movements with clearly defined entries and exits.
The method suits all major currency pairs and gold, particularly during the London and New York trading sessions.
Buy Entry Rules
- Check the Market Statistics indicator for areas showing price accumulation near support zones.
- Wait for the SuperTrend MTF line to change from red to green, confirming a bullish shift.
- Enter a buy trade once the candle closes fully above the green SuperTrend line.
- Set a stop loss just below the nearest support or Market Statistics low area.
- Take profit at the next resistance or when the SuperTrend line turns red again.
Sell Entry Rules
- Look for price action near resistance areas highlighted by the Market Statistics indicator.
- Wait for the SuperTrend MTF line to change from green to red, signaling a bearish transition.
- Enter a sell trade after the candle closes below the red SuperTrend line.
- Set a stop loss just above the nearest resistance or Market Statistics high zone.
- Take profit at the next support or when the SuperTrend line turns green again.
Advantages
- Combines statistical data and trend confirmation for high-confidence trades.
- Provides clear visual guidance directly on the chart.
- Reduces emotional decision-making by relying on factual market behavior.
- Can be used across multiple timeframes for flexible trading.
- Ideal for short-term trend followers and day traders.
Drawbacks
- Whipsaws may occur during ranging markets.
- Requires monitoring of session volatility for accurate results.
- SuperTrend MTF may lag slightly during sharp reversals.
- Performance depends on the correct interpretation of the statistical zones.
Case Study 1: EUR/USD M5
On the EUR/USD M5 chart during the London session, the Market Statistics indicator highlighted a strong accumulation zone around 1.0860.
After a brief retracement, the SuperTrend MTF line turned green at 1.0868, confirming bullish momentum.
A buy trade was placed with a stop loss at 1.0852 and a target near 1.0898.
The trade moved smoothly upward, hitting the target for a +30 pip gain within 40 minutes.
The statistical data correctly identified the low-risk zone, while the SuperTrend line confirmed entry timing.
Case Study 2: GBP/USD M15
During the New York session, the Market Statistics indicator displayed heavy price concentration around 1.2605.
The price tested this area several times before breaking lower.
The SuperTrend MTF line turned red at 1.2598, confirming a bearish trend continuation.
A sell trade was taken with a stop loss at 1.2615 and a take profit at 1.2560.
The pair declined steadily, hitting the target after one and a half hours, resulting in a +38 pip profit.
The combination of market data and trend confirmation allowed for a confident entry aligned with the session’s momentum.
Strategy Tips
- Focus on London and New York hours when market activity is strongest.
- Avoid trading during low volatility periods, such as the Asian session close.
- Use the Market Statistics zones as reference points for support and resistance rather than exact levels.
- Confirm the SuperTrend color change with a strong candle close to avoid false signals.
- For better accuracy, consider aligning the M15 SuperTrend direction when trading on M5.
- Use partial profit-taking at nearby levels before aiming for full targets to secure gains.
The MT4 Market Statistics and SuperTrend MTF Forex Strategy provides traders with a structured way to trade price action through statistical precision and trend alignment.
It reduces uncertainty, highlights high-probability entry zones, and enhances timing — making it a practical approach for disciplined intraday traders seeking consistent results.
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Download the “Market statistics.mq4” indicator for Metatrader 4
