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MetaTrader 4 & 5

Free MT4 and MT5 Signal & Forecast Indicators

Every Signal & Forecast indicator, the tool many traders search for as a buy sell signal indicator, prints its verdict straight onto MT4 and MT5 charts: an up arrow for a long entry, a down arrow for a short one, or a projected level showing where the move may run. It packs several technical analysis conditions into one visible decision on the candle that meets them.

Arrow tools in this group come in several styles. Trend-following signals come from moving average ribbons, SuperTrend or Parabolic SAR flips. Reversal signals appear when RSI, Stochastic, CCI or another oscillator turns at an extreme or diverges from price. Breakout signals fire when a candle closes outside a range, a channel or a squeeze, and multi-filter signals wait for several conditions, often across two timeframes, before they print. Forecast tools add projected targets, swing paths or price zones ahead of the current bar, and many draw take-profit and stop-loss levels beside each arrow.

Signals hold up best when they agree with the higher-timeframe direction and appear near a meaningful level, while a stream of arrows in a flat market mostly pays the spread. Common filters space arrows by a minimum number of bars, demand that a buy follows a sell, or mute signals around high-impact news. The free tools in this list come as .ex4 files for MetaTrader 4 and .ex5 files for MetaTrader 5, built in MQL4 and MQL5, and each page carries the full install guide. Projected targets describe odds, not certainties, so position size is usually set as if any forecast can fail.

Indicators

01 MT4 Beginner

Trend Continuation Oscillator MT4 Indicator

MT4 oscillator with Bull and Bear Continuation values; a Buy or Sell arrow marks the bar where either one turns positive.

2,908 views 11 downloads
02 MT4 Intermediate

RSI Color Candles MT4 Indicator

Paints each MT4 bar in one of four RSI(14) zones and marks with an arrow the bar where RSI first closes over 60 (Buy) or under 40 (Sell).

2,830 views 10 downloads
03 MT4 Intermediate

RSI Trend Cross MT4 Indicator

Runs a fast blue and a slow orange line along RSI 14 on MT4 and prints a Buy or Sell Arrow when they cross, filtered by the side of 50.

2,519 views 11 downloads
04 MT5 Intermediate

Range Filter Trend Histogram MT5 Indicator

Shows ADX-based trend power as grey, green and red bars around a 20 line and marks the first filtered candle of each new trend with a Buy or Sell arrow.

2,749 views 14 downloads
05 MT5 Intermediate

RSI Trend Cross MT5 Indicator

Plots RSI 14 with a fast and a slow signal line and marks the closed candle where they cross: a Buy Arrow under 50, a Sell Arrow above it.

2,655 views 11 downloads
06 MT4 Intermediate

Range Filter Trend Histogram MT4 Indicator

Splits range from trend on MT4 with grey, green and red ADX trend-power bars around 20, and arrows the first candle of a new trend that passes its filters.

2,955 views 12 downloads
07 MT4 Beginner

HiLo Trend MT4 Indicator

Draws one green or red trailing line from the latest highs and lows on MT4, paints the candles by trend and marks each new trend with a Buy or Sell arrow.

2,338 views 9 downloads
08 MT4 Intermediate

Aroon Trend MT4 Indicator

Counts the candles since the last 25-candle high and low, draws them as two Aroon lines and marks strong trends with Buy and Sell arrows on MT4.

2,529 views 10 downloads
09 MT5 Intermediate

Aroon Trend MT5 Indicator

Draws Aroon Up and Aroon Down from 0 to 100 and prints a Buy or Sell Arrow when one line reaches 70 while the other stays at 30 or lower.

2,955 views 11 downloads
10 MT5 Beginner

Trend Continuation Oscillator MT5 Indicator

Two lines, Bull and Bear Continuation, filled green or red, with a Buy or Sell arrow on the candle where one of them climbs above zero.

2,784 views 11 downloads
11 MT5 Beginner

HiLo Trend MT5 Indicator

Trails a green or red level from recent highs and lows, colours the candles by trend and prints a Buy or Sell arrow on the closed candle that flips it.

2,357 views 9 downloads
12 MT5 Intermediate

RSI Color Candles MT5 Indicator

Colours every MT5 candle by its RSI(14) zone and prints a Buy or Sell arrow on the first candle that pushes RSI above 60 or below 40.

2,947 views 11 downloads
13 MT4 Intermediate

ATR Volume Pressure MT4 Indicator

Rates each MetaTrader 4 candle's range and volume on a 0 to 100 scale and marks the first close above 60 with an arrow whose side follows price 10 bars back.

2,547 views 9 downloads
14 MT5 Intermediate

ATR Volume Pressure MT5 Indicator

Joins candle range and volume into a 0 to 100 pressure reading and prints a Buy or Sell arrow on the candle that first breaks it above 60.

3,061 views 9 downloads
15 MT4 Beginner

MACD Divergence MT4 Indicator

Sets each new swing high or low against the MACD histogram, then marks a labelled Buy or Sell line on MetaTrader 4 wherever the two move apart.

2,296 views 10 downloads
16 MT5 Beginner

MACD Divergence MT5 Indicator

Pairs two swing points 5 to 30 candles apart with the MACD histogram and draws a blue Buy or pink Sell line on both windows when they disagree.

2,284 views 14 downloads
17 MT4 Intermediate

Volatility Oscillator MT4 Indicator

Gives each MT4 candle a 0 to 100 value from its size among the 14 most recent bars, with arrows when a quiet squeeze breaks into expansion.

2,402 views 13 downloads
18 MT5 Intermediate

Volatility Oscillator MT5 Indicator

Ranks each candle's size against the last 14 bars from 0 to 100 and marks squeeze-to-expansion breakouts with buy and sell arrows on closed bars.

2,548 views 12 downloads
New releases

New MetaTrader 4&5 indicators

View all indicators
01 MT4 Beginner

Trend Continuation Oscillator MT4 Indicator

MT4 oscillator with Bull and Bear Continuation values; a Buy or Sell arrow marks the bar where either one turns positive.

2,908 views 11 downloads
02 MT4 Advanced

ICT Killzones MT4 Indicator

Marks the Asian, London, New York AM and New York PM killzones on MT4 as coloured boxes, with green high and red low lines to each session's end.

2,168 views 14 downloads
ICT Free
03 MT5 Advanced

ICT Killzones MT5 Indicator

Draws the Asian, London, New York AM and New York PM killzones of each day on MT5, with every box's high and low carried on as green and red lines.

2,971 views 15 downloads
ICT Free
04 MT4 Intermediate

RSI Color Candles MT4 Indicator

Paints each MT4 bar in one of four RSI(14) zones and marks with an arrow the bar where RSI first closes over 60 (Buy) or under 40 (Sell).

2,830 views 10 downloads