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Category Archives for "Metatrader 4 Indicators"

Explore our huge collection of Metatrader 4 indicators. Instantly download free professional trading indicators for the MT4 platform including signals, oscillators, addons, and many more!

Doda Donchian Metatrader 4 Indicator

A modificated version of the well known turtle indicator with very simple rules to buy and sell currencies. Works with all currency pairs and timeframe’s. The indicator contains an automated suggested stop-loss for long and short trades. Trading Rules BUY: Price breaks and closes above the red line. SELL: Price breaks and closes below the […]

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Heikin-Ashi Metatrader 4 Indicator

Heikin-Ashi candlestick charts look very similar to regular candlestick charts but differs because of the used formula to calculate and draw the candlesticks. Heikin-Ashi Used Formula Close = (Open+High+Low+Close)/4 Open = [Open (previous bar) + Close (previous bar)]/2 High = Max (High,Open,Close) Low = Min (Low,Open, Close) Advantages of using Heikin-Ashi candlesticks Heikin-Ashi candlestick charts […]

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Sadukey Metatrader 4 Indicator

The Sadukey indicator is another trend following indicator developed for the Metatrader 4 platform. Red dots indicate an uptrending market. Blue dots indicate a downtrending market. Use in conjunction with other technical analysis tools to create a complete forex trading system. Stop Loss Placement A stop loss will be placed a few pips above the […]

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Drive Metatrader 4 Indicator

The Drive indicator for MT4 looks very similar to the popular ADX indicator developed by Welles Wilder. The main purpose of the indicator is to determine the strength of the current trend. The green line above the red line indicates an uptrend in the market while the red line above the green line indicates a […]

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Pin Bar Metatrader 4 Indicator

The automated pinbar indicator for MT4 identifies pin bars on every timeframe and shows them on the chart. Pinbars can be extremely useful to find and trade possible reversals in the market. The indicators works for all currency pairs. This trading indicator is very popular among forex price action traders. Download Download the Pin Bar […]

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Automated Trend Line Metatrader 4 Indicator

The automated trend line indicator for Metatrader 4 draws two trend lines. The upper trend line is formed by connecting two highs (resistance line). The lower trend line is formed by connecting two lows (support line). Trading signals: Go long if price breaks and closes above the upper trend line with target price: Upper Projection […]

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Aroon Oscillator Metatrader 4 Indicator

The Aroon Oscillator indicator for Metatrader 4 oscillates between +100 and -100 . It provides buy and sell signals based on the Aroon formula (Aroon Up – Aroon Down). Trading signals: Bullish – Buy at the green dots. Bearish – Sell at the red dots. General Assumptions: Price bullish above the zero line. Price bearish […]

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MACD Divergence Metatrader 4 Indicator

The MACD Divergence indicator issues signals based on positive and negative divergences between the currency price and the MACD trading indicator. Red arrow means possible sell signal while green arrow below the main window means possible buy signal (going long). Download Download the MACD Divergence Metatrader 4 indicator. EUR/USD 5 Min Chart Example

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