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 (download for free)

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 (download for free)

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 (download for free)

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 (download for free)

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 (download for free)

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:

Advanced Get Oscillator Indicator

Introduction to the Advanced Get Oscillator Indicator The Advanced Get Oscillator Indicator is a custom technical analysis tool that consists of oscillator bars and two...

Swing Point Indicator

Introduction to the Swing Point Indicator The Swing Point Indicator is a custom forex tool that works in a very similar manner to the ZigZag...

Super Point Signal Indicator

Introduction to the Super Point Signal Indicator The Super Point Signal Indicator is a simple forex trading tool that displays red and green dots as...

Adaptive Relative Strength Index Smoothed Indicator

Introduction to the Adaptive Relative Strength Index Smoothed Indicator The Adaptive Relative Strength Index Smoothed is a popular trend-following forex indicator. It uses a set of...

Heiken Ashi Smoothed Lines Indicator

Introduction to the Heiken Ashi Smoothed Lines Indicator The Heiken Ashi Smoothed Lines Indicator uses HAS candles in its calculations but when it comes to...

SMA Crossover Signal Indicator

Introduction to the SMA Crossover Signal Indicator The SMA Crossover Signal Indicator is a forex trading tool based on the crossover of two simple moving...

Pivot Darma Indicator

Introduction to the Pivot Darma Indicator The Pivot Darma Indicator is a forex trading tool that shows a daily open line with support and resistance...

Anything Indicator

Introduction to the Anything Indicator The Anything Indicator is a custom forex tool that works in a similar manner to the oscillator. The indicator is...

ARSI & SigMA Indicator

Introduction to the ARSI & SigMA Indicator The ARSI & SigMA Indicator is a custom forex tool that consists of multiple moving averages. The indicator...

Destiny Volatility Indicator

Introduction to the Destiny Volatility Indicator The Destiny Volatility Indicator is a custom forex tool that shows ticks count. The indicator is displayed directly on the...

Vinin HighLow Indicator

Introduction to the Vinin HighLow Indicator The Vinin HighLow Indicator is a custom forex trading tool that works in a very similar manner to the...

Bands Q Indicator

Introduction to the Bands Q Indicator The Bands Q Indicator is a custom forex trading tool that works in a very similar manner to the...

Sinc MA Indicator

Introduction to the Sinc MA Indicator The Sinc MA Indicator is a custom forex trading tool that works in a very similar manner to the...

Navel Sma Indicator

Introduction to the Navel Sma Indicator The Navel Sma Indicator is a custom forex trading tool that works in a very similar manner to the...

Chimp Indicator

Introduction to the Chimp Indicator The Chimp Indicator is a custom forex trading tool that presents its signals in the form of a histogram. The indicator...

TrendlessOS Histogram Indicator

Introduction to the TrendlessOS Histogram Indicator The TrendlessOS Histogram Indicator is a custom forex trading tool presented in the form of a histogram. The indicator is...

MACD Chart Points Indicator

Introduction to the MACD Chart Points Indicator The MACD Chart Points Indicator is a custom forex tool that displays buy/sell dots as trading signals. As the...

3rdcandle Indicator

Introduction to the 3rdcandle Indicator The 3rdcandle indicator is custom forex buy/sell arrows indicator. The indicator is plotted both directly on the main trading chart. We suggest...

Wildhog Indicator

Introduction to the Wildhog Indicator The Wildhog indicator is a custom forex oscillator. It shows an overbought/oversold market levels, as well as it recognizes divergences. The...

Loco Indicator

Introduction to the Loco Indicator The Loco Indicator is a custom forex tool that works in a similar manner as PSAR. This tool is helpful for...

Double Zero Visualizer Indicator

Introduction to the Double Zero Visualizer Indicator The Double Zero Visualizer is a custom forex indicator. The author didn't provide much information on how to...

Symbol & Time Frame Changer

Introduction to the Symbol & Time Frame Changer The Symbol & Time Frame Changer is a very useful tool that allows changing currency pair or...

Next Move Indicator

Introduction to the Next Move Indicator The Next Move Indicator is a custom forex tool that displays a prediction of price movement in the nearest...

TRSI Indicator

Introduction to the TRSI Indicator The TRSI Indicator is a custom forex oscillator that consists of the EMA, SMA and RSI. The indicator is displayed in...

V-T&B Indicator

Introduction to the V-T&B Indicator The V-T&B Indicator is a custom forex tool that shows buy/sell arrows. The signals are displayed directly in the main trading...

Starc Bands Indicator

Introduction to the Starc Bands Indicator The Starc Bands Indicator means Stoller Average Range Channels Bands indicator. In fact, it works in a similar manner...

Asymmetric Bands Indicator

Introduction to the Asymmetric Bands Indicator The Asymmetric Bands Indicator is a custom forex tool that works in a similar manner to the Bollinger Bands,...

iFreeNumFractals Indicator

Introduction to the iFreeNumFractals Indicator The iFreeNumFractals Indicator is a custom forex tool that finds fractals of any dimension. In the settings, you can set the...

TMA Trace MTF Indicator

Introduction to the TMA Trace MTF Indicator The TMA Trace MTF Indicator is the result of a combination of the Average True Range (ATR) and...

Volitility BB Indicator

Introduction to the Volitility BB Indicator The Volitility BB Indicator is a custom forex tool that displays the volatility of the Bollinger Bands. The indicator is...

Scalper Dream Indicator

Introduction to the Scalper Dream Indicator The Scalper Dream Indicator is a custom forex trading indicator that provides trend-following buy and sell histogram bars. The indicator...

MATWO Indicator

Introduction to the MATWO Indicator The MATWO Indicator is a custom forex trading indicator based on the moving averages. When the signal line crosses the zero...

Instrend Indicator

Introduction to the Instrend Indicator The Instrend Indicator is a custom forex trading indicator. It works on two simple lines and their crossovers are signals for...

Ary Aind Indicator

Introduction to the Ary Aind Indicator The Ary Aind is a custom forex trading tool that works in a similar manner to the MACD. The indicator...

Ehlers Fisher Transform MTF Indicator

Introduction to the Ehlers Fisher Transform MTF Indicator The Ehlers Fisher Transform MTF indicator is a multi-timeframe version of the original Ehlers Fisher Transform. The indicator...

Harmonic Pattern Scanner

Introduction to the Harmonic Pattern Scanner The Harmonic Pattern Scanner is a forex tool that detects and plots potential harmonic patterns directly on the charts. In...

Measure FIBO Indicator

Introduction to the Measure FIBO Indicator The Measure FIBO Indicator is a forex trading tool that displays Fibonacci extensions directly on the charts. We suggest to...

RSI Peak Valley Levels Indicator

Introduction to the RSI Peak Valley Levels Indicator The RSI Peak Valley Levels Indicator is a custom forex trading tool that marks all tops and...

Raghee Vague Indicator

Introduction to the Raghee Vague Indicator The Raghee Vague Indicator is a custom forex trading tool that displays several moving averages (three 34 period EMAs...

DMI Alert Indicator

Introduction to the DMI Alert Indicator The DMI Alert Indicator is based on a directional movement index, but it additionally display buy/sell alerts. The indicator is...

Snake in Borders Indicator

Introduction to the Snake in Borders Indicator The Snake in Borders Indicator is, as the name suggests, a custom forex indicator based on the Snake...

Zig Zag Corridor Indicator

Introduction to the Zig Zag Corridor Indicator The Zig Zag Corridor Indicator is, as the name suggests, a zigzag indicator but it additionally draws a...

T3 ALPHA Indicator

Introduction to the T3 ALPHA Indicator The T3 ALPHA Indicator is a custom forex trading tool that looks like a combination of MACD and Moving...

DAT ASB Indicator

Introduction to the DAT ASB Indicator The DAT ASB Indicator is a custom forex trading tool that colorizes bars depedning on the trend direction. Simply...

Golden MA Indicator

Introduction to the Golden MA Indicator The Golden MA Indicator is a forex tool that displays important market levels on the charts. These levels include: buy...

NXC Slope Divergence Indicator

Introduction to the NXC Slope Divergence Indicator The NXC Slope Divergence Indicator is a slope indicator based on the divergence between price and NXC trading...

Holt Double Exponential Smoothing Indicator

Introduction to the Holt Double Exponential Smoothing Indicator The Holt Double Exponential Smoothing Indicator is a custom forex trend momentum indicator. It is mainly used...

ZFXi Swap Indicator

Introduction to the ZFXi Swap Indicator The ZFXi Swap Indicator is a forex information tool that displays the name of the currency pair, the current...

FATL PlusBack Indicator

Introduction to the FATL PlusBack Indicator The FATL PlusBack Indicator is a custom forex trading tool based on three moving averages. Simply look for buy...

Second Chart Indicator

Introduction to the Second Chart Indicator The Second Chart Indicator is a very useful tool that displays candles of chosen currency pair in a sub-window...

Dynamic Cycle Explorer Indicator

Introduction to the Dynamic Cycle Explorerd Indicator The Dynamic Cycle Explorer Indicator is a custom forex trading tool that utilizes the swing trading technique. The...

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

Xmaster Formula indicator - ex4 & mq4 The Xmaster Formula Indicator is a custom buy and sell signals forex indicator that works like a charm...

Trend Imperator V2 Trading System

Trend Imperator V2 is advanced forex trading system with clear arrows buy and sell signals. In the package you will receive following files: Trend_Imperator_V2e.ex4 Trend_Imperator_V2.ex4...

Forex Entry Point Indicator

Forex Entry Point indicator was designed to give traders the best possible entry for their long and short trades and it displays pink and...

Forex Signal 30 Trading System – profitable indicator forex strategy

Today I would like to present to you the Forex Signal 30 - a very good forex trading strategy. It is much liked and...

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...

Candle Time Indicator

Thanks to the Candle Time Indicator you will never miss another candle close! This forex indicator, the Candle Time Indicator for MetaTrader 4 (MT4), helps...

Binary Reaper – Non Repaint Binary Options Indicator

Below you can read a description from Binary Reaper indicator author: Are you Searching for a Custom Metatrader 4 (MT4) Arrow Indicator with at least...

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...

100 Pips Daily Scalper

100 Pips Daily Scalper is a group of real forex scalping secrets that was created by specialists with many years of experience that allows...

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...