Free Forex Indicators
MetaTrader 4 (MT4)
Moving Averages (MA): Simple Moving Average (SMA), Exponential Moving Average (EMA), Weighted Moving Average (WMA)
Bollinger Bands (BB)
Relative Strength Index (RSI)
Stochastic Oscillator (STOCH)
Moving Average Convergence Divergence (MACD)
MetaTrader 5 (MT5)
All MT4 indicators, plus:
Commodity Channel Index (CCI)
Parabolic Stop and Reverse (SAR)
Average True Range (ATR)
Ichimoku Kinko Hyo (ICHIMOKU)
TradingView
Extensive library of over 100 indicators, including:
Fibonacci
Gann
Elliott Wave
Volume indicators
Independent Websites
Forex Factory
MQL5 Marketplace
Paid Forex Indicators
Autochartist (technical analysis tool with automated chart patterns and indicator signals)
TradeStation (trading platform with advanced charting and indicator capabilities)
eSignal (professional-grade trading platform with a wide range of indicators)
NinjaTrader (trading platform with a customizable indicator library)
TradingView Pro (premium version of TradingView with access to exclusive indicators)
Tips for Choosing an Indicator
Match your trading strategy: Indicators should align with your trading approach.
Consider the timeframe: Different indicators work better for different timeframes.
Test the indicator: Use backtesting or demo trading to evaluate an indicator’s performance.
Keep it simple: Using too many indicators can clutter your charts and make analysis difficult.
Use a combination of indicators: Combine different indicators to get a more comprehensive view of the market.