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: scalping indicators, swing trading indicators, trend following indicators, trend reversal indicators, momentum indicators, volume indicators, time indicators. That’s not all, there are also candlestick patterns, dashboards, crossovers, 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:

Fractal Zigzag Indicator No Repaint

The Fractal Zigzag Indicator (No Repaint) is simple but very helpful in forex trading as it displays buy and sell trading arrows. The indicator...

P4L CandleTime.mq4

If you are looking for an indicator that tells you how much time is left on the current candle you should definitely check the...

Absolute Strength Histogram Indicator MT4

The Absolute Strength Histogram Indicator for MT4 is a technical forex indicator that draws green and red (buy and sell) colored histogram bars in...

McGinley Dynamic Forex MT4 Indicator

The Mcginley Dynamic is a forex indicator based on the moving average indicator with smoothing factor added to reduce noise and false signals. Trading using...

SSL Channel Chart Alert Indicator MT4

The SSL Channel Chart Alert Indicator is a forex trend following technical indicator. It is exceptionally effective during trending market conditions. You can trade...

MTF Heiken Ashi Indicator MT4

The MTF Heiken Ashi Indicator for MT4 displays multi timeframe Heiken Ashi candles. It's very helpful for traders using forex strategies inclusive multi timeframe...

Knoxville Divergence Indicator for MT4

The Knoxville Divergence Indicator is a forex indicator for Metatrader 4 (MT4), that scans charts and displays divergences. Please note, Knoxville Divergences are quite...

Candle Time End And Spread Indicator MT4

This is the Candle Time End And Spread Indicator that shows candle end time and current spread. That forex indicator shows how much time...

Wolfe Wave Dashboard Indicator

This is the Wolfe Wave Dashboard indicator that automatically detects Wolfe Wave patterns on any time-frame and any currency pair. First of all, the Wolfe...

Forex Mean Reversion

Welcome to Forex Mean Reversion. Leading and Lagging indicators don’t work. Leading indicators don’t lead with any form of reliability and Lagging indicators, as the...

Forex Executive

The Forex Executive is an indicator that provides you, the trader, with real time trading signals alerts and prepares you for a trade. All...

SupDem Indicator for MT4

The SupDem indicator for MT4 is a forex indicator that draws supply and demand (support and resistance) levels on the chart automatically. What's more,...

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...

NDuet Indicator for MT4

The NDuet Indicator is a forex trend recognition indicator. The indicator consists of two moving averages - red and green lines. The green acts like...

MBFX Timing Indicator

The MBFX Timing indicator is a part of the well-known forex “MOSTAFA BELKHAYATE” system. In fact, MBFX Timing indicator could be compared to a classic...

RSI Divergence Indicator for MT4

The RSI Divergence Indicator for MT4 shows a divergence between price and the Relative Strength Indicator. Divergence is a disagreement between the price action and...

Fractal Support & Resistance Levels Indicator MT4

The Fractal Support & Resistance Levels indicator draws support and resistance levels based on the last MN1, W1, D1, H4 and H1 fractals. With...

Ultimate Candlestick Reversal Pattern

Ultimate Candlestick Reversal Pattern. Part of manual: I’m going to show you the examples and explanations right away. In figure below you can see an ordinary...

Currency Strength Meter Indicator for MT4

The Currency Strength Meter Indicator is a great tool for traders who wants to quickly check the strength of various currency pairs. With a...

Automatic Trendline Indicator for MT4

The Automatic Trendline Indicator puts the trendlines on the trading chart in an automatic way. With the help of this tool you don't need...

BBhisto Indicator for MT4

The BBhisto is a modified version of Bollinger Bands indicator presented in the form of a histogram. It displays the standard deviation in the...

BBsqueeze Indicator for MT4

The BBsqueeze is a forex trading indicator. It is displayed at the bottom of the main trading chart, in the seperate window. How to trade...

3-line MACD MT4 Forex Indicator

The 3-line MACD indicator adds a smoothing curve to the standard MACD indicator. You should notice that the crossovers of the grey and red lines...

ACD PV Forex Indicator for MT4

The ACD PV indicator acts as support and resistance levels. How to trade with ACD PV indicator? Look for BUY opportunities when: the price is above...

DJ Lines Indicator for MT4

The DJ Lines is a pivot point forex trading indicator. It acts similarly to support and resistance. This kind of indicators operate on the...

Solar Wind Indicator for MT4

The Solar Wind is a histogram forex trading indicator. It is displayed in the seperate window below main trading chart. At the first look...

Pattern Alert v1.1 Indicator for MT4

The Pattern Alert v1.1 is a forex candlestick patterns indicator. This tool recognise the patterns like Bullish Engulfing, Bearish Engulfing, Tweezer Top, Tweezer Bottom....

FanSimple8 Indicator for MT4

The FanSimple8 forex indicator shows the correctness of the reversal of the moving averages fan on different timeframes. This tool includes four moving averages...

Instantaneous Trend Line Indicator for MT4

The Instantaneous Trend Line is a forex trend following indicator. It is displayed in the separate window below main trading chart. It consists of...

Var Moving Average Indicator for MT4

The Var Moving Average Indicator is a trend following forex trading indicator. This tool is custom coded but it is based on moving averages...

Aroon Horn Indicator for MT4

The Aroon Horn MT4 Forex Indicator is simple and profitable trend following forex trading indicator. This tool generates signals both in the direction of...

Maloma S Enter Indicator for MT4

The Maloma S Enter is a simple forex indicator displaying trading signals in the form of blue and red dots. This tool can be...

MA-4H Forex Indicator for MT4

The MA-4H indicator gives you the opportunity to draw the moving average of the chosen higher timeframe on the chart of the current lower...

Sadukey Indicator for MT4

The Sadukey Forex Indicator is an trend following indicator. It combines two digital filters and in the result, there are red and blue dots...

Float Pivot Indicator for MT4

The Float Pivot is a forex indicator based on the dynamic pivot points. This tool recalculates the pivot point dynamically at the open of...

Vidya Zone MT4 Indicator

The Vidya Zone is a trend-following forex indicator for Metatrader 4. This is perfect tool for long-term traders. How to trade with Vidya Zone? Look for...

EMA Trend MT4 Indicator

The Ema Trend indicator is, as the name suggests, an trend-following indicator. It consists of four exponential moving averages. It's goal is to ...

Chin Breakout Alert MT4 Indicator

The Chin Breakout Alert Metatrader 4 indicator draws a rangebound market levels. Users of this tool will get an alert when there's a breakout...

Corridor SSA Normalized End-Pointed MTF 2 NRP MT4 Indicator

The Corridor SSA normalized end-pointed mtf 2 nrp is a custom multitimeframe and no repaint metatrader 4 indicator. It is displayed in separate window...

Urban Towers MT4 Indicator

The Urban Towers indicator for Metatrader 4 displays buy and sell arrows - the position entry points accroding to popular Urban Towers Scalping Strategy....

Candle Time Indicator for MT4

This forex indicator called Candle Time Indicator helps users know how much time on a candlestick is remaining. It's an incredibly powerful and useful...

High Low (HL_Objects) MT4 Indicator

Struggling to find fast high and low spots in specified timeframe? If so, then the High and Low Indicator for MT4 / MetaTrader 4...

MAonMA MT4 Indicator

The MAonMA Metatrader 4 indicator is nothing more than three custom moving averages. The indicator displays a main Moving Average line with input parameters maPeriod_1,...

Zig Zag Channel MT4 Indicator

The ZigZag Channel Indicator combines ZigZag moves, alongside Channel Lines which provides a very powerful and great visualization confirmation of the entries made. The ZigZag...

MMR High Low Lines MT4 Indicator

The MMR High Low Lines Metatrader 4 Indicator displays the value (in form of bands) of the highest high, the lowest low and the...

Fiji Trend Indicator

Fiji Trend is a trend-following indicator. The indicator is shown within a separate window below main trading chart. It generates trading signals by displaying...

Vertex Indicator – Profitable Combination of Oscillator and Buy Sell Arrows

Vertex Indicator is a forex trading oscillator showing results of the market analysis of several technical indicators. It generates high accuracy trend reversal trading...

Chifbaw Oscilator

Chifbaw Oscilator is a forex trend following indicator. Author of this tool claims it can be used for profitable trading as standalone, however we...

Forex Goiler Indicator

Forex Goiler is a forex indicator designed for intraday trading. It can be used on any currency pair but limit your timeframes up to...

Indestructible Trend Winner Indicator

Indestructible Trend Winner is a forex trend indicator. This is special tool that generates highly accurate trading signals. The indicator allows traders to show...

Instant Profit Scalper Indicator

Instant Profit Scalper indicator was created for real scalpers. It consist of color line and arrows that generates signals. The simplicity and profitability of...

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 for MT4

The Xmaster Formula MT4 Forex Indicator is a custom buy and sell signals trading tool that work like a charm for most currency pairs...

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 for MT4

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...

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...

Candle Time Indicator for MT4

This forex indicator called Candle Time Indicator helps users know how much time on a candlestick is remaining. It's an incredibly powerful and useful...

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...

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...

Channel Surfer Auto Trendline

When a trader is trying to find a trend, he should be looking at the timeframe he is currently trading and the next higher...