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
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 [...]
FRAMA Moving Average Indicator For Metatrader
The Fractal Adaptive Moving Average (FRAMA) is a technical indicator developed by John Eulers. It is not as well known as the simple moving average (SMA) and other common types [...]
Forex Market Session Indicator for Metatrader 4
In this article, we are going to present an indicator for Metatrader 4 designed to show the main sessions of the Forex market in the price charts of the markets we are analyzing. Basically, it [...]
Know Sure Thing (KST) indicator for Metatrader 4
In this article, we are going to present a modified indicator for Metatrader 4 which shows the technical indicator KST (Know Sure Thing) in a window below the main price chart and in any time [...]
ZUP Harmonic Pattern Indicator for MT4
In this article, we will present a modified indicator for Metatrader 4 designed to show harmonic price patterns in any price chart and in any time frame. It is not an official MT4 indicator. Harmonic [...]
Custom Pin Bar Indicator for Metatrader 4
The Pin bar are candles or patterns of a single candle that can be formed in any market and time frame, both short and long term. When these candlesticks appear they offer price action signals, [...]
Wolfe Waves Indicator for Metatrader 4
In this article, we present a modified indicator for Metatrader 4 that shows Wolfe wave patterns in price charts and in any time frame. This tool can be very useful since it automatically identifies these [...]
Candlestick Patterns Indicator for Metatrader 4
This is an indicator for candlestick charts designed for Metatrader 4 which is based on the recognition of various types of patterns commonly used by many traders to open and close positions in the market. [...]
Keltner Channel Indicator for Metatrader
Indicator Parameters MA_Period (normal value = 10): It is the moving average period corresponding to the midline. Mode_MA (normal value = MODE_SMA): This mode is the moving average corresponding to the midline. Price_Type (normal value [...]