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Free Forex Scalping MT4 Indicator

    Here’s a simple to use free Forex scalping trading indicator for Metatrader 4.

    The indicator consists of a zero line, above the zero line, the short-term trend is bullish, on the contrary, below the zero line bearish.

    I recommend to use this indicator during the most volatile trading sessions and on low spread currency pairs such as the EUR/USD and USD/JPY.

    Trading Signals

    Buy signal: Wait for indicator to turn back above the zero line from below (green color).

    Sell signal: Wait for indicator to turn back below the zero line from above (red color).

    Indicator Preferences

    Currency pairs: low spread pairs

    Time frames: M1, M5, M15

    Trading sessions: London and US (avoid using the indicator on holidays)


    Download the freeforexscalpingindicator.ex4 indicator.

    Configurable Indicator Options


    EUR/USD M15 Chart Example


    How to install the Free Forex Scalping custom indicator in Metatrader 4?

    • Download the freeforexscalpingindicator.ex4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.