Show 123 Indicator

The Show 123 Indicator for MetaTrader 4 (MT4) is a zig-zag style technical tool designed to identify potential Trend Reversal and breakout levels across any tradable financial asset. It’s ideal for both trend-following and counter-trend traders and works for Scalping, day trading, and intraday strategies.

This indicator is suitable for beginners and experienced traders, helping spot key trading opportunities when price breaks recent highs or lows.

How the Show 123 Indicator Works

The indicator plots LIME and RED numbers on the chart to highlight market levels:

• LIME Numbers: Indicate bullish price levels and potential BUY setups.
• RED Numbers: Indicate bearish price levels and potential SELL setups.

BUY Setup:

1. Wait for the indicator to mark three bullish levels (1, 2, 3) in LIME.
2. Let the price return to LEVEL 2, break it, and retest before entering a BUY trade.

SELL Setup:

1. Wait for three bearish levels (1, 2, 3) in RED.
2. Wait for the price to return to LEVEL 2, break it, and retest before entering a SELL trade.

⚠️ Note: Take Profit and Stop Loss levels depend on your trading style. Keep them realistic and aligned with market conditions.

Conclusion

The Show 123 Indicator for MT4 is an effective tool for identifying tradable setups in both trending and counter-trending markets. Free to download, it provides clear visual cues to help traders make confident BUY and SELL decisions.