Dark Point Indicator (Free Download)
Dark Point is a clean, trend-following indicator for MetaTrader 4 that delivers clear buy/sell signals with automatic stop-loss and take-profit levels calculated using ATR-based volatility analysis. Designed specifically for scalpers and intraday traders, it features non-repainting signals, real-time win rate statistics, and visual profit/loss zones directly on your chart for easy decision-making. Perfect for forex, stocks, and indices, Dark Point eliminates guesswork by providing everything you need for effective intraday trading in one simple, beginner-friendly package.
Dark Point is a straightforward trend-following indicator designed specifically for intraday trading on MetaTrader 4. Created by Marco Solito, this indicator focuses on what matters most: clear buy/sell signals, precise stop-loss guidance, and realistic profit targets. Unlike complicated trading systems that overwhelm traders with multiple conflicting signals, Dark Point keeps things simple and effective.
The indicator is built for real-world trading conditions, combining a custom moving average (the “dark point line”) with the ATR (Average True Range) to identify strong trends and determine optimal entry points. What sets it apart is its visual approach – everything you need to know is displayed directly on your chart with colored dots and lines that are easy to understand at a glance.
Dark Point is particularly valuable for scalpers and day traders who need quick, reliable signals without the noise of overcomplicated analysis. The indicator automatically adjusts to different timeframes and instruments, making it versatile enough for forex, stocks, and indices trading. It’s designed to be beginner-friendly while still providing the precision that experienced traders demand.
How It Works
Dark Point uses a trend-following strategy that combines volatility analysis with price action to generate high-probability trading signals. The system continuously monitors market conditions and only triggers signals when specific criteria are met, ensuring quality over quantity.
Signal Generation Process: The indicator analyzes price movements using a proprietary algorithm that incorporates ATR-based volatility measurements. When the market shows signs of a strong trending move with sufficient volatility, Dark Point generates either a buy or sell signal. The system requires a “volatility factor” to be present before triggering a signal, which helps filter out weak or false moves. Visual Signal System:
- Green dots appear below price bars to signal buy opportunities
- Red dots appear above price bars to signal sell opportunities
- Strong signals are differentiated from regular signals with different arrow types
- Green horizontal lines show multiple take-profit zones (TP1, TP2, TP3)
- Red horizontal lines indicate stop-loss levels (SL1 for tight stops, SL2 for wider stops)
- SL1 is designed for scalping strategies with tight risk control
- SL2 provides more breathing room for intraday position trading
One of the standout features is the built-in statistics dashboard that shows the hit rate of all recent signals, giving you real-time feedback on the indicator’s performance. This transparency helps build confidence in the tool and allows you to make informed decisions before initiating the trade.
Trend Strength Analysis: Dark Point doesn’t just identify trend direction; it measures trend strength using volatility factors. Only when volatility reaches a certain threshold does the indicator consider the trend strong enough to warrant a trading signal. This selective approach helps avoid choppy, sideways markets where trend-following strategies typically struggle.
Automatic Risk Management: Once a signal is generated, Dark Point automatically calculates and displays stop-loss and take-profit levels based on ATR calculations:
Key Features
- Compatible Timeframes: All timeframes supported
- Recommended Currency Pairs: EUR/USD, GBP/JPY, Gold are particularly effective, but works for all pairs
- Fits Your Trading Style: Intraday trading, scalping, and short-term trend following
- Non-Repainting or backpainting: Signals never change once they appear
- Volatility-Based Filtering: Requires sufficient market movement before signaling
- Multiple take-profit levels displayed as horizontal lines
- Stop-loss zones clearly marked with different colors
- Adjustable indicator periods for different market conditions
- Configurable volatility factors for signal sensitivity
Conclusion
Dark Point Indicator represents a refreshing approach to trend-following analysis by prioritizing simplicity and clarity over complexity. Its strength lies in delivering exactly what an intraday trader need: clear signals, defined risk levels, and realistic profit targets, all presented in an easy-to-understand visual format.
Contact me: trent@trentbaxter.com
Hi trent dark point indicator wont download cheers mick
Hi trent dark point indicator wont download cheers mick help please
Guys you have to login to your mql5 account to download it
Overall, great indicator. Thanks