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 be 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 on how they work and what they consist of.
List of free MT4 Forex indicators
Kagi Chart Indicator for Metatrader 4
Kagi Charts for MT4 In this article we present a modified technical indicator for Metatrader 4 that allows to display Kagi charts on the regular price charts of this platform. Therefore, it allows traders to [...]
1-2-3 Patterns Indicator for Metatrader 4
The 1-2-3 pattern is a classic trend reversal price formation that occurs in all markets and can be observed in any time frame. It has stood the test of time thanks to its reliability, which [...]
Three Line Break Indicator for Metatrader 4
Three Line Break charts were invented in Japan and are similar to Renko and Point & Figure charts. One trader from Japan described Three Line Break charts as a “more subtle form of Point & [...]
Free Scalping Indicator for Metatrader 4
Introduction Scalping is a very popular trading style because it allows obtaining multiple profits with short term trades and can be used in practically any asset and financial instrument. Likewise, it does not require a [...]
Free QQE Indicator for Metatrader 4
In this article we are going to present a technical indicator designed for the Metatrader 4 platform which displays the QQE (Quantitative Qualitative Estimation) indicator below the price chart of any trading instrument that we [...]
Modified Indicator Forexorama – MACD For MT4
The Forexoma-MACD is a modified indicator designed for the Metatrader 4 platform which is based on the MACD technical indicator. It was designed to be easier to read for the trader, as standard MACD signals [...]
Mcginley Dynamic Indicator For Metatrader 4
The Mcginley Dynamic Forex indicator for the Metatrader 4 platform is an indicator based on moving averages that has a smoothing factor to reduce false signals. Its trading signals are very simple: If the price [...]
TRIX Indicator for Metatrader 4 – Free MT4 Indicator
In this article we are going to show a modified indicator for Metatrader 4 that allows adding the Trix indicator to the price charts on this trading platform. Initially we explain what is the Trix [...]
Pattern Recognition Master Indicator for Metatrader 4 and 5
In this article we will explain a custom indicator for Metatrader 4, called Pattern Recognition Master, which detects different price patterns in charts automatically, which save time for the trader and eliminates the possibility of ignoring [...]
MACD Divergence Indicator for Metatrader 4
In this article, we are going to present another technical indicator designed for the Metatrader 4 platform, which shows divergences between the price and the MACD indicator both in the price chart and in the [...]