Best Free MT4 Custom Indicators

Custom indicators are programs developed in MetaQuotes Language by MetaTrader 4 users. The purpose of most custom indicators is to function as technical indicators to help forecast future price changes. The use of indicators allows answering the question about whether the current trend will remain the same and where it will turn. Indicators are intended for relative simplifying of the complicated process of trading decision-making. Indicator algorithms are also utilized to create trading strategies and expert advisors. Custom Indicator installation and setup is a simple process described in detail on the MT4 Tutorial Chart page. Below You can find the best free MT4 Custom Indicators commonly used by forex traders.

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  Fibonacci Retracement Indicator
  Fibonacci Retracement Indicator for MetaTrader 4 is a very useful indicator. Indicator displays Fibonacci lines in the main chart window. The Indicator calculates and displays[…]
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  Heiken Ashi Smoothed Indicator
  Heiken Ashi Smoothed Indicator for MT4 is a famous forex trading indicator. Indicator modifies how price values are displayed on a chart. Heiken Ashi candlesticks[…]
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  Position Size Calculator
  Position Size Calculator for MetaTrader 4 is a custom indicator designed to help forex traders with position size calculations. Position Size Calculator indicator is an[…]
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  MT4 Scalping Indicator
  MT4 Scalping Indicator for MetaTrader 4 is a custom indicator well known across scalping traders. Indicator signal shift in trend displaying colored bars on the[…]
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  Trend Indicator LTFN
  Trend Indicator LTFN indicator for MT4 is easy to use popular forex trading indicator. Trend Indicator LTFN Indicator help with identifying trend on every time[…]
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  Support and Resistance Power
  Support and Resistance Power indicator for MT4 is a very useful forex trading indicator. Support and Resistance Power Indicator display dotted lines on key support[…]
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  Multimeter Indicator
  The Multimeter indicator for MT4 is another very popular forex trading indicator. Multimeter Indicator displays signals as color blocks in the right corner of a[…]
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  Arrows Indicator
  The Arrows indicator for MT4 is an easy to use and very popular forex trading indicator. Arrows Indicator generates arrows as signals on all time[…]