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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.