Free Metatrader 4 indicators
Metatrader 4 is a modern trading platform that allows the development and use of its own technical indicators thanks to the use of the MQL4 programming language, which is quite easy to learn. Any trader with some programming experience can design their own indicators in a short time. Even traders without programming knowledge can learn to use MQL4 in a few days if they have a good manual.
The customized technical indicators in Metatrader 4 should not be confused with Expert Advisors, since they do not perform any automated trade in the market, they only serve as a means to support our analysis of market conditions.
In this section, we include a collection of technical indicators designed by expert traders which are based on all types of trading systems and traditional technical indicators. In some of these indicators, we will give a small explanation of how they work and what they consist of.
List of free MT4 Forex indicators
- What is MetaTrader 5 and Why Use It?
Part 1 of the Ultimate MT5 Tutorial Series Introduction If you’ve spent any time in the world of online trading, you’ve almost certainly heard of MetaTrader. For over a decade, MetaTrader 4 (MT4) stood as the undisputed king of retail trading platforms. But the trading world evolves — and so … Read more - How to program in MQL4 from Visual Studio Code
Dear trader, In this article I want to show you how to program in MQL4 from Visual Studio Code. If you have ever used code editors like VSCode or Sublime Text, I am fully convinced that you won’t be very happy with the limited features that MetaEditor (also known as … Read more - HighLow Zones Indicator for MetaTrader 5
In this article, we will present a modified indicator for MT5 called HighLow Zones, which plots the high/low price levels of the previous day, previous week, and previous month. These are price zones where interesting price action often develops, such as breakouts of highs and lows or bounces. Additionally, the indicator … Read more - Mean Reversion Indicator for MetaTrader 4
Below, we present a modified indicator for the well-known MetaTrader 4 platform, designed to detect when the price on various instruments and timeframes is overextended either upwards or downwards relative to the average, represented by a moving average such as the 200-period SMA. This is a screener-type indicator that shows … Read more - Stochastic RSI Screener For Metatrader 4
Modified indicator for Metatrader 4 that displays bullish and bearish signals from the Stochastic RSI oscillator, which, as its name suggests, is based on the well-known Relative Strength Index (RSI). This indicator, called RSIEst Screener, also presents a screener or dashboard with Stochastic RSI signals for different markets and timeframes … Read more - RSI Screener Indicator for Metatrader 4
The RSI is one of the most popular oscillator-type indicators because it tends to generate fewer false signals than other similar indicators and provides more reliable overbought and oversold signals. Many trading systems, including countertrend systems, include the RSI as part of their entry and exit filters, as it is … Read more - Stochastic RSI for Metatrader 4 – Free IndicatorIn this article, we will introduce a version of the Stochastic RSI indicator for the Metatrader 4 trading platform. It is a simple indicator that displays the value of the Stochastic RSI below the price chart. It allows the trader to select the calculation period and the price type used … Read more
- Donchian Scanner Signals Indicator for Metatrader 4
In this article, we will showcase a modified indicator for Metatrader 4 called Donchian Scanner Signals, designed to display signals from this technical analysis tool on any timeframe and instrument provided by the broker. This indicator operates by presenting Donchian channel bands along with the following types of trading signals: … Read more - ADX Analyzer – ADX Signals Indicator for Multiple Timeframes for MT4
ADX Oscillator Signals Indicator for Multiple Instruments and Time Frames ADX-Analyzer, designed for the Metatrader 4 trading platform. This tool analyzes the general price trend in different markets using the ADX, an indicator that shows the strength of a trend . Through a signal dashboard that shows the ADX values, … Read more - ILRS (Integral of Linear Regression Slope) Indicator for Metatrader 4
In this article we are going to show a modified technical indicator for Metatrader 4 that plots an ILRS (Integral of Linear Regression Slope) moving average on any price chart of this trading platform. It is a free indicator that was designed by ForexDominion experts and can be downloaded at … Read more - Multiple Moving Averages Indicator For Metatrader 4 – Magic MAThe multiple moving averages indicator Magic MA for Metatrader 4 is designed to draw more than 30 different types of moving averages on any price chart on this platform. The most popular types of averages are included, such as the SMA and EMA, as well as unusual types such as … Read more
- LSMA Moving Average Indicator For Metatrader 4
In this article we are going to show a modified indicator for Metatrader 4 that allows to visualize a LSMA moving average (Least Square Moving Average) in any price chart of this trading platform. This indicator was developed by experts of ForexDominion, is free to download and can be used … Read more
