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:

All RSI Indicator

All RSI Indicator How to install the All RSI forex indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at...

USD Against All Indicator

USD Against All Indicator How to install the USD Against All forex indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK"...

SF-6 (AM) Indicator

The SF-6 (AM) Indicator is a trend indicator that displays "weak" bars. The trend direction is determined by thick bars color and the possible...

ABL Indicator

ABL Indicator How to install the ABL forex indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at the bottom...

Z1 Indicator

Z1 Indicator How to install the Z1 forex indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at the bottom...

ZZ NRP AA Indicator

ZZ NRP AA Indicator How to install the ZZ NRP AA forex indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK"...

WMI for V3 Indicator

WMI for V3 Indicator How to install the WMI for V3 Indicator forex indicator on your Metatrader 4 trading platform? Download the indicator by clicking...

HMA Smoothed

HMA Smoothed How to install the HMA Smoothed forex indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at the...

RSO Indicator

The RSO indicator is a Relative Strength Oscillator or RSO is an Oscillator version of RSI. RSI as a powerful and accurate indicator that...

Fan RSI Indicator

Fan RSI Indicator How to install the Fan RSI Indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at the...

RSI MA Indicator

RSI MA Indicator How to install the RSI MA Indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at the...

CCI MA X2 Smoothed MTF

CCI MA X2 Smoothed MTF How to install the CCI MA X2 Smoothed MTF on your Metatrader 4 trading platform - files format mq4 &...

Aroon Indicator

The Aroon Indicator for Metatrader 4 (MT4) is great tool for reading trends. Watch as the "Up Line" (Default color: Yellow) reaches 100 level...

DAT ATR Indicator

DAT ATR Indicator How to install the DAT ATR Indicator on your Metatrader 4 trading platform - files format mq4 & ex4? Download the indicator...

BAT ATR Indicator

BAT ATR Indicator How to install the BAT ATR Indicator on your Metatrader 4 trading platform - files format mq4 & ex4? Download the indicator...

Buy Sell SMA Smoothed Volume

Buy Sell SMA Smoothed Volume How to install the Buy Sell SMA Smoothed Volume on your Metatrader 4 trading platform? Download the indicator by clicking...

Best Candlestick Pattern Indicator

The candlestick patterns are patterns that take place on the Japanese candlestick charts. The candlestick chart is a type of chart that changes color...

Divergence Recognition Indicator

The Divergence Recognition Indicator is a custom forex indicator for Metatrader 4 (MT4) that automatically recognizes and displays divergences. The indicator itself is located...

Forex Reversal Indicator

The Forex Reversal Indicator displays on the charts reversal dots (suns). Look for buy trade opportunities when a dot has closed below candlesticks. Look...

Forex Market Hours Indicator

The Forex Market Hours Indicator for Metatrader 4 (MT4) displays the currency market hours in GMT time. What's more, the indicator shows all market sessions...

Money Management Calculator

The Money Management Calculator displays a suggested lot size for the account balance in the top right corner of the charts. How to install the...

News Alert Indicator

The News Alert Indicator warns us when there is a volatility change in the market spread. The warning appears in the new alerts window. How...

Getsuga Tensho – the optimal combination of forex indicators

Getsuga Tensho is a custom complex trading strategy for binary options and forex. It differs from most trading systems by an optimal combination of...

MA BBands YXF Indicator

The MA BBands YXF – indicator for MetaTrader 4 is a combination of two very popular and widely used indicators: The MA Channels (moving...

ATR Chart Labeled Indicator

ATR Chart Labeled Indicator How to install the ATR Chart Labeled Indicator on your Metatrader 4 trading platform - files format mq4 & ex4? Download...

Fisher Exit Indicator for MT4

Fisher Exit Indicator How to install the Fisher Exit Indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at the...

Bheurekso Pattern

The Bheurekso Pattern is a custom forex indicator that automatically recognizes and displays candlestick patterns like Bullish Engulfing, Bull Harami, Bearish Engulfing, etc. The indicator...

New Heiken Ashi Indicator

New Heiken Ashi Indicator How to install the New Heiken Ashi Indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button...

London Breakout Forex Template

London Breakout Forex Template How to install the London Breakout Forex Template on your Metatrader 4 trading plaftform? Download the template by clicking...

Binary Code Scalping Indicator Non Repaint

The Binary Code is a custom no repaint forex trading indicator for scalping. You should simpy follow the trading arrows - buy when there...

Multi Currency Symbols Chart

Multi Currency Symbols Chart How to install the Multi Currency Symbols Chart on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button...

Simple Money Making Template

Simple Money Making Template How to install the Simple Money Making Template on your Metatrader 4 trading platform? Download the template by clicking "LINK" button...

BB MACD NRP with Alerts

BB MACD NRP with Alerts How to install the BB MACD NRP with Alerts on your Metatrader 4 trading platform? Download the indicator by clicking...

MACD OsMA MTF Indicator for MT4

MACD OsMA MTF Indicator is a perfect tool to analyze and understand the price movements between buy and sell signals on many time frames! The...

Milanese Market Info Indicator

Milanese Market Info Indicator How to install the Milanese Market Info Indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button...

BPNN Predictor with Smoothing

BPNN Predictor with Smoothing How to install the BPNN Predictor with Smoothing on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button...

Corona DashBoard V1 Indicator

Corona DashBoard V1 Indicator How to install the Corona DashBoard V1 Indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button...

Win Win Arrows Alerts & Labels

Win Win Arrows Alerts & Labels How to install the Win Win Arrows Alerts & Labels on your Metatrader 4 trading platform? Download the indicator...

Double Top & Bottom Patterns Indicator

Double Top & Bottom Patterns Indicator How to install the Double Top & Bottom Patterns Indicator on your Metatrader 4 trading platform? Download the indicator...

WinProfit80 indicator – accurate signals up to 80% profitable trades. Free download

The WinProfit80 is not just an accurate indicator for MetaTrader 4, but a complex ready-made binary options trading system and for forex trading too....

Prodigy Day Trading

Prodigy Day Trading How to install the Pivot Point Shift on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at the...

Pivot Point Shift

Pivot Point Shift How to install the Pivot Point Shift on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at the...

CCI Custom Candles Indicator

CCI Custom Candles Indicator How to install the CCI Custom Candles Indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button...

Dolly Breakout Strategy

The Dolly Breakout Strategy is a forex intraday trading system. Dolly Breakout trading system (the famous sheep) is based on the original indicator called...

Wind Belt MT4 Indicator for Binary Options and Forex 100% Free! Best Trend recognizing indicator

The Wind Belt is a custom indicator for Metatrader 4 (MT4) for binary options trading and forex. How to use the Wind Belt Indicator? Avoid your...

Forex Candle Predictor

The Forex Candle Predictor is a custom MetaTrader 4 (MT4) indicator that predicts the next few candles, and it can be used with any...

Trend Dashboard

Trend Dashboard How to install the Trend Dashboard on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at the bottom of...

PTL Alerts Indicator

PTL Alerts Indicator How to install the PTL Alerts Indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at the...

Buy Sell Volume Indicator

Buy Sell Volume Indicator How to install the Buy Sell Volume Indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button...

Laguerre RSI

Laguerre RSI How to install the Laguerre RSI on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at the bottom of...

Forex Strategy Indicator

Forex Strategy Indicator How to install the Forex Strategy Indicator on your Metatrader 4 trading platform? Download the indicator by clicking "LINK" button at 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...

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...

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...

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...

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...

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...

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...

Ultimate Arrows – Buy Sell Signals Forex Indicator

Ultimate Arrows - Buy Sell Signals is a forex swing trading indicator. It makes trading really effortless as it draws big arrows. Trader just...