MetaTrader Forex Indicators

You can develop your own Forex trading strategies using these indicators, or you can simply follow them as the trading signals. Feel free to implement any of these indicators into a custom MetaTrader expert advisor. You can change these indicators freely before using on your Forex trading accounts. You’ll have to open a trading account with some of the MT4 Forex brokers to use them.

If you have any problems with installing or using these indicators, please refer to this tutorial:

MetaTrader 4 Indicators User’s Tutorial

MetaTrader 5 Indicators User’s Tutorial

Aroon Up & Down (MT4, MT5) — this MetaTrader indicator is based on finding the maximums/minimums of the period and doesn’t use any standard MT4/MT5 indicators. It is a separate window indicator with 2 charting lines. I find it useful to determine the trend changes.

BB MACD (MT4, MT5) — a MACD variation custom MT indicator, based on moving averages and standard deviation indicator. It can be used to determine trend starts/ends as well as the trend strength (the broader is the gap between two bands, the stronger is the current trend).

Beginner (MT4, MT5) — this one shows up trend extremes (max and min) which can be treated as the support and resistance points and help you understand current trend channels. It is a simple indicator that uses some period to find the highest and the lowest points and mark them with the dots. It can be a good base for your own range breakout expert advisor.

BMA (MT4, MT5) — a moving average indicator version that saves the traditional MetaTrader moving average functionality but adds two bands to the standard line. These bands are placed (by default) 2% below and 2% above the main line and serve as the strong pull-back levels.

CCI Arrows (MT4, MT5) — this CCI based indicator will give you signals by drawing blue and red arrows on the chart. It simply detects the CCI cross with the zero but is quite accurate.

Easy Trend Visualizer (MT4, MT5) — visualizes the trend beginning/end, along with the range periods. It’s based on the standard ADX indicator and produces quite accurate trend signals.

Fisher (MT4, MT5) — finds the maximum and minimum levels on the given period, applies custom calculations to the relation of the current price to those levels and draws a histogram of the trend. Marks uptrend with green lines and downtrend — with red lines.

Float (MT4, MT5) — this MetaTrader indicator scans the latest trends and tries to apply the data to the current rate, showing a trend start/end in a separate window. It also shows Fibonacci retracement levels on the main chart window.

Laguerre (MT4, MT5) — a separate window indicator with one line signaling short and long positions, when it crosses the upper band from above or lower band from below, respectively.

Murrey Math Line X (MT4, MT5) — another kind of pivot points given in form of lines displayed on the main chart. It uses Murrey Math rules to calculate the lines’ position. Lines are shown for the current period and represent the support and resistance levels.

Not So Squeezy (MT4) — a set of indicators for the Not So Squeezy trading strategy.

Pattern Recognition Master (MT4, MT5) — an indicator for the automatic Japanese candlestick patterns recognition. It marks each candle, which fits any pattern, with the special code that represents the appropriate candlestick pattern. The legend for the patterns and the corresponding symbols is also attached to the chart with this indicator.

Price Alert (MT4, MT5) — an indicator that can notify you of certain price changes via the MetaTrader sound alerts. Can be used in manual trading when you want to know when the price reaches certain levels.

RSIOMA (MT4) — this indicator is composed of the RSI (Relative Strength Index) of two moving averages and moving average of this RSI. The cross of them means the change of the trend — when the bold line is above it is an uptrend, when the thin one is above it is a downtrend.

Spread (MT4, MT5) — an indicator that can display current spread for the given currency pair directly in the main window of the chart. Useful when dealing with variable spreads.

Support and Resistance (MT4, MT5) — as the name suggests, this indicators shows the levels of support and resistance directly on the chart. It uses standard MT4/MT5 Fractal indicator and does quite well in depicting the good levels for the next stop-loss and target-profit prices.

Trade Assistant (MT4, MT5) — a multi-timeframe indicator that analyzes the market conditions on timeframes from M5 to D1 using the Stochastic Oscillator, RSI and CCI standard indicators. The output is the set of buy or sell signalls displayed as a table below the chart. It’s very easy indicator to trade using both small and large timeframes.

Traders Dynamic Index (MT4) — indicates trend direction, market volatility and trend strength in a separate window of the MetaTrader terminal. It is handy in many trading styles — long-term and scalping. Read the commentary in the code to learn using it (very easy).

TRO MultiPair (MT4) — a multiple timeframe indicator package for multiple currency pair. It shows as a separate terminal window with 3 indicating dots for each of 4 different currency pairs for each MetaTraer time period. Dots combinations serve as the entry signals. The more timeframes show the same combination the more accurate signal is. Red, red, magenta is used to enter short; green, green, cyan is used to enter long. You can select currency pairs via the input parameters. The timeframe and the currency pair of the chart, to which you attach this indicator don’t matter.

TzPivots (MT4, MT5) — daily pivot points indicator with an accurate and informative display. Trader has to set two input parameters: LocalTimeZone — time zone of the MT4/MT5 trading server (e.g. “-5” if it’s New York time) and DestTimeZone — time zone of the session for which you want to calculate pivot points (e.g. “+9” for Tokyo trading session pivots).

Var Mov Avg (MT4, MT5) — indicator is based on the calculating of moving averages of the varying periods. It detects crosses that produce buy/sell signals as well as current trend indication. This indicator has a sound alert on signals, which can be turned on and off.

ZigZagOnParabolic (MT4, MT5) — improved version of the standard MetaTrader ZigZag indicator that is based on another MetaTrader standard indicator — Parabolic SAR. Detects chart extrema.

You want to share your own custom MetaTrader indicator for this page? Or do you have any comments/questions regarding any of indicators presented here? Please, visit our forum on MetaTrader Indicators.

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