Free MT4 and MT5 Indicators
On screen the two terminals look alike, yet MetaTrader 4 and MetaTrader 5 cannot swap indicator files: MT4 loads .ex4 files compiled from MQL4, while MT5 loads .ex5 files compiled from MQL5. Most tools in this library come in both builds, so the same indicator can follow you to whichever terminal your broker offers.
The cards below are custom indicators built by the MT Indicator Hub team, sorted into families: oscillators, price action, signal and forecast arrows, support and resistance, supply and demand, pivot points, smart money (SMC), ICT, volume and fundamental news tools. Each adds something the built-in lists of the two terminals (30 indicators in MT4, 38 in MT5) leave out, such as filtered entry arrows, automatic levels, pattern detection or an on-chart status panel.
Open any card for real chart examples, a settings table and a full installation guide; these free desktop tools do not load in the MetaTrader phone apps or the web terminal. Switch the platform to see only MT4 or only MT5 files, narrow the level to Beginner, Intermediate or Advanced, and sort by downloads or rating to put the most used tools first.
