MQL4 Source Codes of Technical Indicators for MetaTrader 4

How to install them? September 9th, Tags: Review TzPivots An indicator which shows the daily pivot points. Even traders without any knowledge about programming can learn how to use MQL4 within a few days if they have a good tutorial. Woodie, Gann and Forex-freedom rules! Do you want to share your own custom MetaTrader indicator for this page?

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Metatrader Indicators

Sell the weakest currency while simultaneously buying the strongest currency. Indicator Preferences Currency pairs: An easy to understand forex trend indicator that consists of 3 lines.

A signal will be generated when the red line crosses the 2 blue lines from above or below. Red line above the 2 blue lines Sell signal: Red line below the 2 […]. A short-term trend following signal indicator for Metatrader 4. A green arrow signal: A red arrow signal: Use in conjunction with longer-term trend following indicators such as moving averages […].

Optimized to use it with the 1 hour time frame. Trading Signals Strong buy: A zero lag countdown timer indicator for Metarader 4. The indicator utilizes the system time to accomplish zero lag. Review Var Mov Avg This is an indicator based on the calculation of moving averages of varying periods. It indicates buy and sell signals produced by the crosses of the moving averages and also indicates the current trend. Review Dots This is very good indicator to detect the direction of the trend with the possibility of filter the price spikes.

It includes some adjustable parameters. It is based on standard indicator ADX and generates fairly accurate signals of the trend. Review Fisher It find the maximum and minimum levels for a given period of time. It applies custom calculations to the relationship between current price and the levels found and draw the histogram of the trend. Also, it check the upward trend with green lines and the downtrends with red lines downtrends.

It also shows Fibonacci levels on the main chart window. Review Keltner Channel This indicator for MetaTrader offers the combination of moving averages of trends and volatility. It is a good tool to trade with the market breakouts. Review Laguerre This is an indicator which consist in a line that gives the trading signal for long and short positions when it crosses the upper limit from above or the lower limit from below Review.

Email will not be published required. More Forex promotions here. The trading platforms Metatrader 4 and Metatrader 5 present the great advantage compared to other similar applications, to enable the development and implementation of custom technical indicators through the use of MQL4 programming language, which is quite easy to learn. Any trader with some programming experience can design their own trading indicators in no time. Even traders without any knowledge about programming can learn how to use MQL4 within a few days if they have a good tutorial.

In most cases, these custom indicators are based on the existing and most common standard indicators like moving averages or oscillators.

In this case there is no limit to what a trader and programmer with knowledge in MQL4 can create, all depends on the imagination of the programmer. In this way, for example, if a the trader uses moving averages crosses to open and close positions, he can design an indicator that can show these crosses and produce an alert sound.

With an indicator like this, the trader should no spend all day watching charts looking for moving average crosses as the indicator will show them in the precise moment of their formation which is indicated by the sound signal. Alas the Wolf Wave indicator gives signals that break the rules.

The decreasing wedge down should represent a bull wave from point 5 forward and decreasing wedge up should produce a bear market from point 5 onwards. Your indicators are posted in two different formats. For example, SuperSR is not in indicator form where you can copy and install in indicator folder.

It might have flaws, but I haven't seen a better version of it. As soon as description for those experts will be added, an appropriate note will be made. Can you please explain indicators listed in your 'Favorite MT4 Forex indicators'. I added a new comment with explanations lately, please check here: I've made a new page, check out here the Wolfe wave trading.

Hope there is some explanation on how to use those above indicators Just have some few queries, the ff are:

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5 new indicators for Metatrader 4 designed by a famous expert trader in the Forex market named Karl Dittman. These indicators are made available to any trader for use at their discretion. Review. A huge collection of + free indicators, oscillators, trading systems & expert advisors for MT4 and MT5 trading platforms. Many custom MT4 Forex indicators need further explanation and trading instructions before anyone can actually use them. Others are simple and intuitive. Testing all + MT4 indicators is challenging.


The library of technical indicators for MetaTrader 4 developed in MQL4. Regardless of the market (forex, securities or commodity market), indicators help to represent quotes in an accessible form for easy perception. This section contains thousands of applications that analyze financial markets using different algorithms. About these forex indicators What is a forex indicator? A forex indicator is a tool that measures current market conditions and draws its calculation on the chart in the form of a line, histogram, text or other form. Best mt4 indicators There are many indicators in the market for the used in the forex trading. Now a days many traders are complex between the choosing of the perfect and best indicators for the better trade in the best forex indicator.

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