The Best Forex Indicators For MT4 & MT5 Free Download

Forex indicators that are being shared here are dedicated specifically for Metatrader MT4 and MT5 trading platform. You can find and free download some of the best forex trading indicators and most of them are no repaint. There are custom forex indicators for beginners and advanced traders.

Generally speaking, forex MT4 indicators are used for predicting future market price moves. In other words, their role is to help traders in making profitable trading decisions. Some of the forex indicators generate standalone buy and sell signals, while some of them give signals that need an individual interpretation.

Forex indicators are not created equal. There are many different types and kinds of forex mt4 indicators such as: moving average indicators, macd indicators, rsi indicators, scalping indicators, swing trading indicators, trend following indicators, trend reversal indicators, momentum indicators, volume indicators, volatility indicators, time indicators. That’s not all, there are also candlestick patterns, dashboards, crossovers, buy sell arrows, support and resistance indicators, etc.

DAILY PIVOT POINTS MT4 FOREX INDICATOR Free Download

best daily pivot points mt4 forex indicator free download The indicator plots on chart important daily pivot point levels. The price often reacts at these levels. This forex indicator is best used for intraday trading. You can trade it on all currency pairs and timeframes up to H4. This forex indicator is dedicated for MT4 and you can downlad it for free by clicking below.

PRICE BORDER MT4 FOREX INDICATOR Free Download

best price border mt4 forex indicator free download The indicator draws dynamic borders in which price moves and fluctuates. These borders create a channel and price tend to move from one band to other band. In other words, look for buy opportunities at lower band and look for sell opportunites at upper band. It is best used for swing trading. You can trade it on all currency pairs and timeframes. This forex indicator is dedicated for MT4 and you can downlad it for free by clicking below.

XMASTER FORMULA MT4 FOREX INDICATOR Free Download

xmaster formula mt4 forex indicator The Xmaster Formula is very popular forex indicator. This is perfect indicator for trend following, scalping and swing trading. It generates trading signals in form of arrows. It is easy to use and can be very profitable too. You can trade it on all currency pairs and timeframes. This forex indicator is dedicated for MT4 and you can downlad it for free by clicking below.

CANDLE TIME MT4 FOREX INDICATOR Free Download

candle time mt4 forex indicator free download The Candle Time indicator shows remaining time on current bar to close. For example, on H1 timeframe it displays remaining minutes and seconds left for candle close. You can use it on all currency pairs and most timeframes. This forex indicator is dedicated for MT4 and you can downlad it for free by clicking below.

BUY SELL ARROW MT4 FOREX INDICATOR Free Download

buy sell arrow mt4 forex indicator free download Are you a fan of the arrow trading signals? Than you must check this one! Many traders consider this indicator as one of the best forex arrows indicators. You can trade it on all currency pairs and timeframes. This forex indicator is dedicated for MT4 and you can downlad it for free by clicking below.

Collection of Best Indicators For Active Forex Trading

Please check our awesome collection of best forex indicators with free download. The list of these custom forex indicators can be found below:

What Are Forex Indicators For Metatrader 4?

MT4 and MT5 indicators are forex market technical analysis tools dedicated soley for Metatrader platforms. In a few words, custom forex mt4 indicators can be described as mathematical formulas analysing price dynamics and generating trading signals. These signalas are used by traders for their speculation efforts and trend change predictions.

There are hundreds or even thousands of custom mt4 indicators all over the internet. They need to be individually downloaded, installed and tested. This is exactly what we have done. Each indicator listed here at ForexRacer comes with further explanation and trading instructions that you should read and get know with before you actually really use it.

What Are Standard MT4 Indicators?

There are a few standard technical indicators that comes originally with every Metatrader installation. These default forex MT4 indicators can be grouped into following categories.

Trend indicators:
Moving Average, Ichimoku Kinko Hyo, Bollinger Bands, Parabolic SAR, Average Directional Movement Index, Standard Deviation, Envelopes.

Oscillators:
Relative Strenght Index (RSI), Stochastic, MACD, Average True Range (ATR), Momentum, Commodity Channel Index (CCI), Bears Power, Bulls Power, DeMarker, Force Index, Relative Vigor Index, William’s Percant Index.

Volume indicators:
Accumulation / Distribution, Money Flow Index, On Balance Volume, Volumes.

How To Download Custom Forex Indicators For MT4 / MT5?

First, click an indicator of your choice. You will be now transferred to detailed page with a description and trading rules for this specific indicator. Read it and scroll down. At the bottom of a page there is a download button with a text “LINK”. Click it, download it and you are done 🙂

How To Create Custom Forex Indicator?

Of course, you can develop you own custom forex indicator. But it requires some programming knowledge and skills in MQL4. You can create custom indicators in program called MetaEditor. Read and learn this programming language on MQL4 website.

Follow these steps to open Meta Editor:

  • Open your MT4 platform,
  • While having MetaTrader open, press F4 on your keyboard,
  • MetaEditor will now open;
  • In the top left of the screen, click File -> New.
  • You can now write code for your custom indicator.

Conclusion

Most currency traders use forex indicators on a daily basis. Of course, it doesn’t mean that implementing these tools will automatically make you a profitable trader from day one. To clarify, you can be profitable, trading naked charts only. The question is why would you do that while there are forex indicators capable of showing things you won’t see with a naked eye.

The truth is that forex indicators are wonderful tools and when utilized properly, they can give a real edge in the foreing exchange market. These are some quick advantages of the best forex indicators:

  • they show hidden elements of market;
  • they give trade ideas;
  • they save time for technical analysis.

Top 10 Forex MT4 Indicators

Xmaster Formula Indicator

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Trend Imperator V2 Trading System

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Forex Entry Point Indicator

Introduction to the Forex Entry Point Indicator The Forex Entry Point indicator is a trading tool that was developed to provide the best moments to...

Candle Time Indicator

Introduction to the Candle Time Indicator The Candle Time Indicator for MetaTrader 4 (MT4), helps users know how much time on a candlestick is remaining....

Forex Signal 30 Trading System – profitable indicator forex strategy

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Buy Sell Arrow Indicator

Today I stumbled upon this Buy Sell Arrow Indicator for MT4 that I’m sure many of you would want to know about. I’ve yet...

EFC Indicator

The EFC Indicator basic concept is to open position as a reversal trend is detected. As soon as RSI divergence is detected, the indicator...

Binary Reaper – Non Repaint Binary Options Indicator

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100 Pips Daily Scalper Indicator

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SupDem Indicator

The SupDem indicator for Metatrader 4 (MT4) is a custom forex trading indicator that draws supply and demand levels on the chart automatically, and...