FXI MT4 IndicatorsFXI MT4 Indicators

MT4 Indicators

Free tools to personalize your trading experience.

The world’s most popular trading platform – MetaTrader4 – has a comprehensive range of indicators to take your trading to the next level. Wherever your trading story is at the moment.

Orders indicator

The Orders Indicator allows you to monitor your own trades and analyze 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).

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Pip value calculator

Find out what the value of a 1 pip/point move 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.

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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.

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Spread indicator

View the current spread value in pips on the chart for the needed timeframes with this helpful and adjustable Spread Indicator.

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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.

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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.

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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 customize your trading and develop your own unique skills and strategies.

How to use MT4 indicators

FREQUENTLY ASKED QUESTIONS

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.

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.

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.

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.