MT4 Indicators
The world’s most popular trading platform – MetaTrader 4 – has a comprehensive range of indicators to take your trading to the next level, wherever you are on your journey.
Orders indicator
The Orders Indicator allows you to monitor your own trades and analyse other traders’ activity. It shows your trades on the chart, pin pointing where a trade was opened and closed, and whether you made a profit or loss (shown in currency & in pips).
Pip value calculator
Find out what the value of a 1 pip/point move is on any instrument in the base currency of your trading account and work out your risk to reward ratio. You can also use the indicator formula to manage your funds and create your own EAs.
Pivots SR Levels
View daily, weekly and monthly pivot points and the corresponding support and resistance levels at a glance. The Pivot SR Levels indicator can be used as a breakout strategy and is really useful for when you want to set Stop Losses.
Spread indicator
View the current spread value in pips on the chart for the needed timeframes with this helpful and adjustable Spread Indicator.
Market Data to CSV
Automatically record all historical bar data on your chart and every new tick to a csv file. To find your saved file, open the «MQL4» folder in the MetaTrader 4 directory and click on the «Files» folder.
Day Bar Info indicator
The real-time Day Bar Info Indicator displays quotes with 4 and 5 decimal places. It draws a daily candle on charts with timeframes up to D1 displays the size of upper and lower shadows, the body and the entire candle in points.
What are forex MT4 Indicators?
MetaTrader 4 indicators are technical analysis tools that can help to identify market trends and give you an indication about future price movements.
While mostly popular for forex trading, MT4 indicators can also be used to assist in trading other CFD products.
These free tools are a great way to customise your trading and develop your own unique skills and strategies.
How to use MT4 indicators
Register or log in to MyFXTM.
Choose your MT4 indicator and download it.
Experiment and get the latest market insights.
Develop your own strategy according to your risk profile and trading style.
Discover fresh trading opportunities!
Register or log in to MyFXTM.
Choose your MT4 indicator and download it.
Experiment and get the latest market insights.
Develop your own strategy according to your risk profile and trading style.
Discover fresh trading opportunities!
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FREQUENTLY ASKED QUESTIONS
What is the best indicator for MT4?
A lot will depend on your own unique trading style and financial goals, as indicators on MT4 serve a range of different purposes. There are over 30 to choose from, but some of the most popular include MACD, Stochastic, Relative Strength Index (RSI) and Bollinger Bands.
Which indicator is best for Forex?
This also depends on your trading strategy, but one of the most popular for FX traders is the Relative Strength Index (RSI). RSI highlights a temporary oversold or overbought condition in the market. An RSI value of over 70 represents an overbought market, and a value below 30 suggests an oversold market.
Where are the indicators in MT4?
Start by opening your MT4 platform. Click on the Navigator window at the top left-hand side of your screen and open the folder labelled Indicators. Choose the indicator you’d like to use and drag it on to your price chart. A small window will pop up in front of you where you can set your chosen limits and start using your indicator.
How do I know when to buy or sell in forex?
We don’t mean to repeat ourselves here – but this also depends on your trading strategy. In the main, traders tend to follow the principle that the best time to trade is when the market is active or even volatile. Liquidity is an important factor too. It also helps to keep a close eye on the latest price trends, as a sudden hike or drop or prices could offer potential profit opportunities for traders on the ball.
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Risk warning: Trading is risky. Your capital is at risk.
Online Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading Online Forex/CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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