Road Map V04 Indicator in MetaTrader 4 (MT4) -Free-[TFlab]

The Road Map V04 Indicator for MT4 equips traders with a well-defined visual system for analyzing price movements and predicting market trends. Recognized as a sophisticated instrument in technical analysis, it emphasizes price wave formations and combines essential market factors—including trend direction, retracement zones, and Fibonacci ratios—to pinpoint high-probability areas for executing buy and sell positions.

You can download it from this link:

https://cdn.tradingfinder.com/file/4...4-by-tflab.zip

You can also access the MetaTrader 5 version of this Indicator through this page:

https://www.metalsmine.com/thread/13...tatrader-5-mt5


For instructions on how to install:

https://www.forexfactory.com/thread/...-in-metatrader

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Key Features of the Road Map V04 Indicator

1. Indicator Categories: Signal & Forecast, Trading Assist, Levels MT4 Indicators

1. Platform Compatibility: MetaTrader 4 (MT4)

1. Required Skill Level: Intermediate Traders

1. Indicator Type: Reversal Indicator

1. Timeframe Support: Multi-Timeframe MT4

1. Trading Style: Intraday Trading

1. Applicable Markets: Forex, Stocks, and Cryptocurrencies

Overview of the Road Map V04 Indicator
The Road Map V04 Indicator intelligently maps out both bullish and bearish wave structures, giving traders a comprehensive visual understanding of market movement and trend behavior.

1. Blue lines represent buyer momentum and the initiation of an upward trend.

1. Purple lines depict selling strength and the development of a downward trend.

1. Orange horizontal lines display Fibonacci retracement levels, marking essential support and resistance zones.

1. Blue and red markers indicate suggested buy and sell entry areas.

This organized visual layout enables traders to identify reversal points, trend transitions, and critical market zones with enhanced accuracy.

Bullish Market Conditions
During bullish phases, the indicator forms a rising blue zigzag pattern, signifying the start of an upward trend.

1. The appearance of a green line near major Fibonacci retracement levels—such as 76.4%—indicates an increased likelihood of ongoing bullish movement.

1. The consistent rise in swing highs and swing lows further validates the uptrend and confirms strong market momentum.

The combination of wave structure and Fibonacci confirmation gives traders reliable signals for entering buy positions.

Bearish Market Conditions
In bearish scenarios, the indicator generates a descending purple wave line, reflecting rising selling pressure and a possible trend reversal.

1. When the market approaches resistance levels or key retracement points, a red line appears, highlighting a suitable area to open sell trades.

1. The harmony between wave direction, resistance formations, and color-coded alerts helps traders forecast potential trend continuations or reversals more effectively.

These clear visual signals simplify the process of spotting bearish trade opportunities in real time.

Road Map V04 Indicator Settings in MetaTrader 4
The settings interface of the Road Map V04 Indicator allows users to customize its visual and alert configurations for maximum precision:

1. Max_Bars: Determines the total number of candles shown on the chart.

1. Clr_Series_Up: Specifies the color for bullish wave formations.

1. Clr_Series_Dw: Specifies the color for bearish wave formations.

1. Clr_Tail_ZZ: Sets the color of the ZigZag tail.

1. Clr_Fibo: Adjusts the color of Fibonacci retracement lines.

1. Clr_Prob_UP / Clr_Prob_DW: Define colors for upward and downward probability displays.

1. On_Nom_Series: Enables or disables wave structure visualization.

1. On_Fibo: Turns Fibonacci retracement levels on or off.

1. Sound / Alert_On: Activates sound and text alerts for signal notifications.

These flexible configuration options make the indicator adaptable to a variety of timeframes, instruments, and trading styles.

Conclusion
The Road Map V04 Indicator for MetaTrader 4 is an advanced and versatile trading solution designed for wave analysis, trend identification, and market reversal detection.
By automatically mapping price waves, Fibonacci retracements, and color-coded entry zones, it delivers a clear visual interpretation of the market’s underlying structure.
Ideal for both trend-following and counter-trend strategies, this indicator accommodates multiple asset classes and timeframes, making it an indispensable tool for traders seeking precision, clarity, and insight in their technical analysis workflow.