There thousands MT4 custom indicators available for Forex trading.
Which MT4 indicators are good? Which one to try out first?

Many custom MT4 Forex indicators need further explanation and trading instructions before anyone can actually use them. Others are simple and intuitive.

Testing all 1000+ MT4 indicators is challenging.
Reviewing a list of preferred MT4 indicators, tested by someone else is much easier!

To test indicators you'll need MetaTrader4 platform. (The list of all MetaTrader4 Forex brokers)

The List of favorite MT4 indicators

thanks man.
Woodie, Gann and Forex-freedom rules !

You are the best man.
Thanks a million
ADE in Nigeria

Hope there is some explanation on how to use those above indicators...

Thank you!

I'm slowly adding descriptions.
Fell free to ask about any indicator, and I'll review it for you.

HeikenAshi.mq4 candlesticks indicator description is added.

Good Day!

Just have some few queries, the ff are:

1. From above indicators, what resembles SMA,WMA and EMA, that could somehow forecast the next upcoming movements?

2. From above indicators, what are 3-4 combinations that could confirm and affirm signals?

3. on the 3-4 combination, is it possible to make an EA on that?

Thany You!

Mark Dela Concepcion

Heiken-ashi can be confirmed by BBands_Stop or Laguerre indicator.
I'm not able to create EAs at the moment.

how do you use forex freedom indicator



The description page has been added.

Hi i'd like to ask about kaufman , how does it work ?
thanks for your reply,


Added. Check the link in the list above.
Good luck!

Pls how do you install forex freedom on MT4

Thanks Clem.Nigeria

copy the indicator into MT4/experts/indicators and then restart the platform and seek your new Forex freedom under custom indicator.

I would just like to say that you have really done a great job of putting these indicators together,
my favourite the Gann and heikenashi smooth, and the b-clock
Thanks for your hard work


Hi, How do you use the Gann and the Real_Woodie indicators?
Mike, New Zealand

Alas the Wolf Wave indicator gives signals that break the rules. ie it does not produce a decreasing wedge when poits 2and 4 are aligned and points 1,3 and 5 are aligned for a bull or bear wave. The decreasing wedge down should represent a bull wave from point 5 forward and decreasing wedge up should produce a bear market from point 5 onwards.

Which indicator is the best for 5m charts?

Your indicators are posted in two different formats. For example, SuperSR is not in indicator form where you can copy and install in indicator folder.

would you please explain how to use gann and woodie. Thanks in advance.


- Gann and Woodies explanations have been added.

- So far Wolf Wave indicator is the only one known indicator for wolf wave theory. It might have flaws, but I haven't seen a better version of it.

- Basically all indicators can be traded on 5 min charts, so pick anyone you like.

- Agree that some are not indicators, but rather experts, therefore in order to work should be placed in Experts folder rather than in Indicators folder. As soon as description for those experts will be added, an appropriate note will be made.

Can you please explain indicators listed in your 'Favorite MT4 Forex indicators'. Screenshots & video will be very helpful.

Thanks in advance

Please can you explain more the forex_freeaway. do you take a trade when all the lines are the same colour?
my is always green and red the same time. green up, red down

I added a new comment with explanations lately, please check here:

tq for indicator collection. pls show me how to use wolfwave nen indicator.


sure, I've got few other requests for new indicators, so I'll schedule some time and get to work by the end of this week. Stay tuned!

I've made a new page, check out here the Wolfe wave trading

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