The Road Map V04 Indicator in MT5 is a professional tool for MetaTrader 5, designed to map price movement through wave structures and Fibonacci retracements. By combining trend direction, retracement zones, and key pivot levels, it creates a clear trading roadmap for both bullish and bearish conditions.
This structure helps traders identify trend continuation, reversal points, and high-probability entries.
The Road Map V04 Indicator gives traders a structured view of the market by automatically plotting waves, Fibonacci zones, and entry signals. It’s ideal for intraday strategies in Forex, crypto, and stocks, offering clear guidance for trade execution.
Indicator Specs
- Category: Signal & Forecast, Levels, Trading Assist
- Platform: MetaTrader 5
- Skill Level: Intermediate
- Type: Reversal
- Timeframe: Multi-Timeframe
- Style: Intraday
- Markets: Forex, Crypto, Stocks
- Download: https://cdn.tradingfinder.com/file/498523/road-map-v04-mt5-by-tflab.zip
How It Works
- Blue waves show bullish momentum
- Purple waves highlight bearish pressure
- Fibonacci retracements mark support/resistance
- Green zones = buy entries
- Red zones = sell entries
This structure helps traders identify trend continuation, reversal points, and high-probability entries.
Example Scenarios
- Bullish Setup: On EUR/NZD (1H), a blue wave with a green zone near a Fibonacci level suggests a buy entry.
- Bearish Setup: On AUD/JPY (1H), a purple wave with a red zone signals selling pressure.
⚙️ Settings Overview
- Max_Bars: Number of candles displayed
- Clr_Series_Up / Clr_Series_Dw: Bullish & bearish colors
- Clr_Fibo: Fibonacci line color
- Clr_Prob_UP / Clr_Prob_DW: Probability display
- On_Fibo & On_Nom_Series: Enable levels & wave structure
- Alerts: Sound and text notifications
✅ Conclusion
The Road Map V04 Indicator gives traders a structured view of the market by automatically plotting waves, Fibonacci zones, and entry signals. It’s ideal for intraday strategies in Forex, crypto, and stocks, offering clear guidance for trade execution.