Forex indicators for MetaTrader

You can download MT4 and MT5 forex indicators directly off of this page, for FREE. The listed indicators can be added to your MetaTrader platform to improve your forex trading performance. You can either develop your own forex strategy using these indicators or simply use them as trading signals. Feel free to combine any of the proposed indicators into a personalised MetaTrader Expert Advisor. You can modify the code of these indicators to customise them according to your needs. The only thing you need is a trading account with a broker that offers MT4 or MT5 software to use these indicators - and almost every broker does offer them.

Pin bar indicator (for MT4, for MT5) - A MetaTrader forex indicator that detects pin bar patterns and marks them on a chart. It includes customisable pattern detection settings.

Inside bar indicator (for MT4, for MT5) - This indicator identifies inside bars and marks both highs and lows. The mark is only drawn based on closed candles and it does'nt redraw. Inside bars that have been identified can be displayed on smaller time frames.

Support and resistance lines indicator (for MT4, for MT5) - This one generates support and resistance lines based on fractals and ATR indicators.

Engulfing bars indicator (for MT4, for MT5) - This MetaTrader indicator alerts you when an outside bar/engulfing bar occurs on a trading chart.

Box breakout alert indicator (for MT4, for MT5) - This indicator alerts you when the price breaks out of a previous high/low range.

Divergence indicator (for MT4, for MT5) – This MQL5 indicator is one of the most comprehensive divergence indicators. It gives you buy and sell signals in the form of green and red arrows on your charts.

Forex trading session indicator (for MT4, for MT5) - This indicator displays the current trading session directly on your MT4 or MT5 chart. (+ timezone indicator for both MT4 and MT5)

Sentiment Indicator (for MT4, for MT5) - This market sentiment indicator for MT4 and MT5 is a tool you can use to assess what other currency traders are doing.

How do I download, install and use these MT4 & MT5 indicators?

To install indicators in your MetaTrader trading platform, do the following:

1: Download your MT4 or MT5 platform

2: In the upper left corner, look for the "File" header.

Click on it and select the "Open Data Folder" option.

3: A folder should appear on your screen. Navigate to the MQL4 or MQL5 folder.

4: Next, navigate to the "Indicators" folder.

5: Place the indicators you want to install into this "Indicators" folder. You can either copy & paste or drag-and-drop them directly into this location.

6: Next, go to Tools + Options + Expert Advisors - and make sure the "Allow DLL imports" box is checked and click Ok.

7: Close the folder and your MetaTrader platform.

8: Relaunch the MetaTrader platform and the indicators should be installed and ready to use.

How do I use my indicator in MetaTrader

To use the indicator on your chart, do the following:

1: First, select the forex pair or market you want to use the indicator with.

2: Go to the "Insert" command in your platform's upper menu.

3: Navigate to "Indicators" (if it's a custom indicator, you can find it in the custom tab).

4: Select your indicator.

5: If a menu is displayed to configure the options, follow the instructions given by the indicator's creator.

Now the indicator should display on your chart, ready to use.

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Between 74-89% of retail investor accounts lose money when trading CFDs.