Free MT4/MT5 Indicator Library
Master the most popular trading indicators for MetaTrader 4 and MetaTrader 5. Each guide covers setup, strategy tips, and the best brokers to trade with.
Showing 25 indicators
Moving Average (SMA/EMA)
The Moving Average smooths out price data by creating a constantly updated average price over a specific period. Simple Moving Average (SMA) gives equal weight to all prices, while Exponential Moving Average (EMA) prioritizes recent prices for faster signal response.
Learn More →Relative Strength Index
RSI measures the speed and magnitude of recent price changes to evaluate overbought or oversold conditions. It oscillates between 0 and 100, with readings above 70 typically indicating overbought conditions and below 30 suggesting oversold territory.
Learn More →MACD
The Moving Average Convergence Divergence tracks the relationship between two moving averages of price. It consists of the MACD line, signal line, and histogram, providing both trend and momentum information in a single indicator.
Learn More →Bollinger Bands
Bollinger Bands consist of a middle SMA band with upper and lower bands set at standard deviations above and below. They expand during volatile markets and contract during calm periods, making them excellent for gauging market volatility.
Learn More →Stochastic Oscillator
The Stochastic Oscillator compares a closing price to its price range over a given period. It generates values between 0 and 100 using %K and %D lines, helping traders identify momentum shifts and potential reversal zones.
Learn More →Average True Range
ATR measures market volatility by calculating the average range between high and low prices over a set period. Unlike directional indicators, ATR doesn't predict price direction — it quantifies how much an asset typically moves.
Learn More →Fibonacci Retracement
Fibonacci Retracement uses horizontal lines at key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, 78.6%) to identify potential support and resistance levels. These levels are drawn between a swing high and swing low to predict where price may retrace before continuing.
Learn More →Ichimoku Cloud
Ichimoku Kinko Hyo is a comprehensive trend-following system that displays support/resistance, momentum, and trend direction in one view. The 'cloud' (Kumo) between Senkou Span A and B provides a visual representation of current and future support/resistance zones.
Learn More →Parabolic SAR
The Parabolic Stop and Reverse places dots above or below price to indicate trend direction and potential reversal points. Dots below price signal an uptrend, while dots above signal a downtrend, making it one of the most visually intuitive trend indicators.
Learn More →Average Directional Index
ADX measures trend strength on a scale of 0 to 100, regardless of direction. It comes with +DI and -DI lines that show whether buyers or sellers are dominant. ADX above 25 indicates a strong trend, while below 20 suggests a weak or ranging market.
Learn More →Commodity Channel Index
CCI measures the deviation of price from its statistical mean, helping identify cyclical turns in the market. Despite its name, it works across all asset classes. Readings above +100 suggest overbought conditions, while below -100 indicates oversold territory.
Learn More →Williams %R
Williams %R is a momentum oscillator that ranges from 0 to -100, measuring the current close relative to the highest high over a lookback period. It's the inverse of the Stochastic Oscillator and excels at finding short-term reversal points.
Learn More →Volume Indicator
The Volume Indicator displays the number of contracts or lots traded during each bar period. Rising volume confirms the strength of a price move, while declining volume during a trend warns of potential exhaustion.
Learn More →On Balance Volume
On Balance Volume is a cumulative volume indicator that adds volume on up days and subtracts on down days. It reveals whether volume is flowing into or out of an asset, often leading price by showing accumulation or distribution before price moves.
Learn More →VWAP
Volume Weighted Average Price calculates the average price weighted by volume throughout the trading session. It serves as a benchmark for institutional execution quality and acts as dynamic intraday support and resistance.
Learn More →ZigZag
The ZigZag indicator filters out minor price movements and connects significant swing highs and lows with straight lines. It's not a predictive tool but excels at clarifying chart structure by removing noise from price action.
Learn More →Heiken Ashi
Heiken Ashi candles use a modified formula that averages price data, producing smoother candles that make trends easier to spot. They filter out market noise and present a cleaner visual picture compared to standard candlesticks.
Learn More →SuperTrend
SuperTrend is a trend-following overlay that plots a single line above or below price based on ATR calculations. It flips color and position when the trend changes, providing clear and unambiguous buy/sell signals.
Learn More →Pivot Points
Pivot Points calculate key support and resistance levels based on the previous period's high, low, and close. They provide a roadmap of likely price reaction zones and are widely used by day traders and institutional desks.
Learn More →Donchian Channels
Donchian Channels plot the highest high and lowest low over a specified period, with a midline between them. Originally designed for the famous Turtle Traders strategy, they excel at catching breakouts from established ranges.
Learn More →Keltner Channels
Keltner Channels use an EMA with ATR-based bands to create a volatility envelope around price. They're smoother than Bollinger Bands and provide reliable overbought/oversold levels that adapt to changing market conditions.
Learn More →Momentum Indicator
The Momentum indicator measures the rate of price change by comparing the current price to a price N periods ago. It's one of the simplest yet most effective tools for gauging the speed and strength of price movements.
Learn More →Renko Charts
Renko charts use fixed-size bricks that only form when price moves a specified amount, ignoring time entirely. This creates exceptionally clean charts that filter out noise and make trends, support, and resistance levels immediately obvious.
Learn More →Money Flow Index
MFI is a volume-weighted RSI that incorporates both price and volume data to measure buying and selling pressure. It ranges from 0 to 100, with readings above 80 suggesting overbought conditions and below 20 indicating oversold territory.
Learn More →Fractals
Fractals mark potential turning points on the chart by identifying five-bar patterns where the middle bar has the highest high (bearish fractal) or lowest low (bullish fractal). Developed by Bill Williams, they highlight key structural levels in the market.
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