Show 123 Indicator

The Show 123 indicator for MetaTrader is a zigzag-style tool designed to identify potential trend reversals and breakout levels on any financial instrument. This makes it ideal for both trend-following and counter-trend forex traders.

The primary function of the indicator is to highlight three important market points—1, 2, and 3—that signal levels where price may break or reverse. Whether you are a beginner or an experienced trader, the Show 123 indicator simplifies Market Structure analysis and supports strategies such as scalping, day trading, and intraday trading.

How the Show 123 Indicator Works

The indicator automatically detects recent swing highs and lows and assigns numbers to them:

LIME numbers → Bullish structure points

RED numbers → Bearish structure points

These colored numbers help traders visualize where price may form a reversal or where a breakout is likely to occur.

BUY and SELL Trading Signals

BUY Setup

Wait for the indicator to label the three market levels (1, 2, and 3) in LIME, indicating a bullish structure.

Allow the price to return to LEVEL 2.

Wait for a break and retest of LEVEL 2.

After confirmation, open a BUY trade.

This method helps ensure momentum is shifting upward before entering the trade.

SELL Setup

Wait for the indicator to label the three levels (1, 2, and 3) in RED, signaling a bearish structure.

Let the price return to LEVEL 2.

Wait for a break and retest of LEVEL 2.

After confirmation, open a SELL position.

This setup minimizes false signals by relying on market structure confirmation.

Trade Management

Take-Profit (TP) and Stop-Loss (SL) levels depend on your trading style. However, consider the following guidelines:

Place SL below LEVEL 1 for BUY setups

Place SL above LEVEL 1 for SELL setups

Set TP at logical structure levels or use a fixed risk-reward ratio

The key is maintaining realistic and consistent risk management.

Conclusion

The Show 123 Indicator for MT4 is a highly effective tool for identifying tradable setups in both trending and counter-trend markets. Its clear numbering system makes market structure easy to follow, especially for newer traders. Best of all, the indicator is completely free to download and straightforward to use.