Free MetaTrader (MT4) Indicators

This is a collection of Metatrader indicators, I personally use every day, to make money on the forex market. My system is simple. Support Resistance and price action. These indicators were all written by me personally, to make my trading job easier. I hope you find them useful, and please let me know how you use them.

Fibbonacci Moving Averages

Very often, price will bounce off moving averages set to fibbonacci ratios. This is more powerful on timeframe's of 1 hour and above. In the 4 hour chart above, you can see how the market bounced off the 377 MA, and the confluence of the 233 and 144 MA's.

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Trend Angle Strength Indicator

This indicator shows the strength of a trend based on a moving average angle change. As a trend strengthened and weakens the angle of the moving average will change. On a normal chart it is very difficult to detect this subtle change as it will look different depending on how you view your charts. A higher green bar represents that the angle is getting steeper and therefore the trend is getting stronger. when the bars reduce in size it indicate that the angle is reducing and therefore the trend is loosing strength. You need to experiment with different MA settings on different timeframe's to get the results you want. It is a very flexible indicator that can be used in many ways. It could be used to confirm the longer term trend by setting it to a larger MA, and only taking trades with the trend. Experiment and find new uses for it. Please let me know what you use it for.

Download ForexSignalLive_TAS Indicator

Highs n lows Indicator

A very simple, and useful indicator. Shows the recent highs and lows. It can show, Yesterdays, this weeks, last weeks, this months, last months and the yearly highs, and lows. These levels often act as support. In the image above you can see how the market is bouncing along last months low. If you was not aware of this, you may be wondering why the market has stopped. You may also decide not to trade in that direction, until after the market closes below the line.

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Time Marker Indicator

When you are looking back through charts, it is very useful to be able to see where common times are each day. For example, I may be testing a system that only works after the New York open. Using this indicator, I can place a white dot on the same time candle each day. On the chart above, I have set it to mark the 8:00 candle and the 12:00 candle. This is the London and New York open times in GMT. If you look in the top left, you will see a yellow star. This represents the same time candle but at the beginning of the week.

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Big Price Indicator

A very simple indicator, with a useful purpose. I wrote this indicator so I could easily see the current bid price clearly on the chart. Initially it may seem redundant, but try it for a week, remove it, and I guarantee you will miss it.

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