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
KAMA Adaptive Moving Average Indicator for Metatrader 4
In this article we present a modified indicator for Metatrader 4 designed to plot the KAMA Adaptive Moving Average on any price chart of this platform. It can be modified to show the moving average [...]
Indicator of Balance of Forces Between Buyers and Sellers in All Time Frames for MT4
In this article we are going to explain a modified indicator for Metatrader 4, which measures the balance of forces between buyers and sellers for each time frame, from M1 to D1, in the form [...]
Renko Chart Indicator for Metatrader 4
The MT4 platform is undoubtedly one of the most popular trading platforms among retail traders who regularly trade Forex, CFDs, and precious metals. Despite the popularity and numerous reviews of the MT4 platform, there has [...]
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 [...]