Free Custom Indicator Settings
There are some great free custom indicators available online. In this section we list them with download links for the indicator itself and the settings required to configure them in our products. Unless stated otherwise, indicators are for MetaTrader 4 (MT4). Note, recommend adding indicator to chart normally to check downloaded okay and working.
Description | quick load code |
---|---|
AW Turtles Indicator MT5
Details Note, to use stop loss from the indicator, you need to set auto calculation method to CustomIndicator in CONFIG | Stop Loss. |
i-awti |
Boom and crash smasher (MT5)
Details |
i-bcs |
Will signal buy when price above orange and will signal sell when below blue. Can also set stop loss auto calculation method to CustomIndicator (in CONFIG | Stop Loss) to get SL from this indicator. |
i-chx5 |
CCI Double Smoothed Wilders EMA MT5 (download link)
Details |
i-cdsw |
CCI Double Smoothed Wilders EMA MT5 (download link)
Details |
i-cdsw2 |
Currency based indicator for Forex Trading that checks individual currencies of the currency pair. Uses Capture Mode 'currency difference' to check lines representing base and counter currencies are crossing each other. Supported currencies are: USD,EUR,GBP,CHF,JPY,AUD,CAD,NZD |
i-ccfp |
Elder_Impulse_MTF (download link) Details |
i-eim |
FGDI MT4 (download link) - Trade if red line below 1.8 Details Great indicator to filter out flat/non-trending markets to prevent whipsaw trades. Good example of an indicator that can help cherry pick higher probability trades. Must combine with other indicator(s) to give buy/sell direction, as this indicator is about saying whether to trade or not, rather than direction. Note, not compatible with Indicator Matrix or Dashboard as doesn't have a direction component. Note, the default description for this indicators says need value below 1.5. However, in our testing, below 1.8 is much better as both improves profit and decreases draw down. |
i-fgdi |
FGDI MT5 (download link) - Trade if red line below 1.8 Details Must combine with other indicator(s) to give buy/sell direction, as this indicator is about saying whether to trade or not, rather than direction. Note, not compatible with Indicator Matrix or Dashboard as doesn't have a direction component. Note, the default description for this indicators says need value below 1.5. However, in our testing, below 1.8 is much better as both improves profit and decreases draw down. |
i-fgdi5 |
Forex Kijun Fluction Indicator MT4 (download link) Details Contains necessary input properties to turn off the indicators own alerts. |
i-kfi |
Variant on Heiken Ashi that picks out stronger signals. The color index 1,0 will signal the red/blue. To signal on grey use color index 3,2. |
i-ham |
Kijun-Sen with alerts (MT5) (download link) Details |
i-ksa |
|
i-hma5 |
|
i-hmat |
Jurik Smoothed Vortex (download link) Details |
i-jsv |
MelBar Schaff Trend Cycle TEMA Indicator MT5 Details |
i-mstc |
Non Repainting Super Trend Alerts (download link) Details
Wonderful buy/sell trend direction, using range breakout, which is a great
alternative to a moving average cross. |
i-nrst |
Non Repainting Super Trend for MT5 (download link) Details
MT5 version of the popular MT4 indicator |
i-nrst5 |
PipTick Heiken Ashi MT5 Details |
i-ptha |
Raff Channel indicator MT4 | MT5 Details Will open sell when price reaches upper line and buy when reaches lower line (reversal). Note, the indicator doesn't show historical signals, so real-time stats is not possible. |
i-rci |
Renko Indicator MainChart MT5 Details |
i-rimc |
|
i-sftba |
Smoothed HeikenAshi MT5 Details |
i-sha5 |
|
i-sstv |
|
i-sth |
The Classic Turtle Trader Details |
i-tctt |
Traders Dynamic Index (TDI) (download link MT4 | MT5) - Green Crossing 50 Details Hugely popular free indicator giving a very visual representation of the market. |
i-tdig |
Traders Dynamic Index - Red Crossing Yellow Details |
i-tdiry |
Another great buy/sell trend indicator that uses different calculation method to Super Trend above. Note, only indicates buy/sell when market is strong. |
i-tsaa |
Waddah Attar Explosion MTF (download link) Details Provides buy/sell indication that takes trade volume into consideration Will trade when correct color histogram goes above brown colored signal line. Tip: To exit when crosses back under signal line or histogram changes color then set Exit Threshold to 0. Note, works with non mtf version as well - just change indicator name. |
i-waem |
Paid For Custom Indicator Settings
Here are the settings for popular custom indicators. You must have the indicator already installed on your system. If you have a demo version from Market then have to run our EA in the Strategy Tester after you've configured it - a great way to test indicators before purchase.
Description | quick load code |
---|---|
3_ma_cross_with_alert Details |
i-3ma |
ACB Breakout Arrows (MT5) Details According to the author's input descriptions, processor load can be reduced by the
following input properties: 5000,20,10,0
|
i-aba |
ADX Arrow Details |
i-adxa |
Will check blue/red showing for buy/sell, i.e. not yellow |
i-adxc |
autofibophenomenon Details This indicator will output SL & TP lines as horizontal object lines on the chart and also show arrow objects for entry. The 'afib' indicator reference is used to capture indicator and force the lines on to the chart and also set SL & TP from those lines by specifying the object names. The 'afibEntry' reference looks out for arrows and will signal buy/sell when those appear. Note, the configuration includes setting 3 take profit levels/targets,a as the indicator provides this - feel free to adjust in CONFIG | Take Profit, e.g. change what target does. |
i-afp |
Awesome Oscillator Details |
i-ao |
Beast Super Signal (MT4 version)Details Note, to get stats over 20000 bars then need to correspondingly increase the number of bars that the indicator calculates. This is set as the first input in the Indicator Inputs box. |
i-bss |
Beast Super Signal (MT5 version)Details Note, assumes indicator is on chart as the MetaTrader 5 version puts arrows objects on the chart instead of using color indexes. |
i-bss5 |
Best Currency Strength Indicator Details Must have indicator on the chart with input Indicate_Signals_in_Chart set to true, as it will look out for the arrow objects that that places on the chart. |
i-bcsi |
binaryarrow Details |
i-ba |
BinaryComodos Details |
i-bc |
BPS Break of Structure Details Requires indicator to be on the chart, showing the red and blue BoS lines. The configuration will signal buy if blue line is latest to be drawn of sell if red line is latest. |
i-bos |
BUYSELL MAGIC Details |
i-bsm |
Candle Painter Details |
i-cp |
CCIVolumetric Details |
i-cciv |
Centre of Gravity (MT5) Details |
i-cog |
Currency Strength Trader Details |
i-cst |
Cynthia_BB Details The following is for entry on bright color. The darker color can be configured via colorIndex=3,2. |
i-cbb |
Cynthia_i_Trend Details |
i-cit |
Cynthia Signal Entry Stop Details |
i-cses |
Donchian Channel - price closed above/below Details Signals buy when price closes above channel and see if below. Input Properties is the period of Donchian Channel. Can use Hold Bars to remember signal for more than one bar. Can set Mid Point to ! for reversal strategy. If wanted to also Donchian for stop loss then set SL Indexes box to 1,0 and set Mode to Price, also in CONFIG | Stop Loss set auto calulation method to CustomIndicator. |
i-dc |
Dynamic RSI Pointer (value crosses upper/lower band) Details Note, if wish to treat as oversold/overbought then set Mid Point=! (this will reverse) signal). |
i-drp |
Easy Trend Details |
i-et |
Entry Points Pro (MT4/MT5)Details |
i-epp |
Entry Points Pro (with exit on blue X) (MT4/MT5)Details Make sure high speed testing is turned off in CONFIG | Options. If using Strategy Tester then use in visual mode as blue X is an object that appears visually on the chart. |
i-eppx |
Entry Points Pro (exit grey arrow) Details |
i-eppx2 |
Entry Points Pro (check on DEMA slope as filter) (MT4/MT5)Details |
i-eppd |
Free Timing (MT5) Details This is a reversal oversold/overbought type indicator where will signal buy when indicator crosses below 20 and signal sell when crosses above 70 |
i-ft |
Gann Made Easy (on arrow) Details Must have indicator already on the chart, as reading objects that the indicator places on the chart. Will set stop loss from the indicator and also take profit (3 targets). Can use CONFIG | Take Profit to set what is to be done on each target. By default, will scale-out a third as each target is reached. |
i-gme |
Gann Made Easy (on entry price) Details This second version will check if price crossed entry price, rather than look at arrow. Can set Mid Point of GannME indicator reference ID to any additional pips price has to be beyond line, with a view to giving additional confirmation. Quick load code: i-gme2 |
i-gme2 |
Gekko MACD Plus (MT5) Details |
i-gmp |
Heiken Ashi Smoothed Details |
i-has |
HighLowZigZagver1 Details Note, this indicator repaints so any retrospective stats can't be trusted. Note, requires indicator to be captured twice - once to check if direction and another to check valid. |
i-hlzz |
Hull MA Details |
i-hma |
Fibonacci_Retracement (signal on price hitting Fib placed on chart - reversal strategy) Details Important: This indicator operates on current market price hitting a Fib price target. Therefore, set EA input Option_useOpenPriceInsteadOfClose to true. Tip: If you wish to see trade statistics you need to use Strategy Tester with this particular indicator. To help with this, save Fibonacci_Retracement into a Template called 'Tester' and it will be automatically be added to the chart when running a test with Indicator Combine selected. Run test in Visual Mode. |
i-fibr |
FML_Gift1_StoRSI Details Will signal buy when blue line goes above 65 and sell when drops below 35. |
i-fmlg |
FX Trend (trend check) (MT4/MT5) Details To also get stop loss from FX Trend, set CONFIG | Stop Loss | Calculation Method to CustomIndicator |
i-fxt |
FX Trend (intensity check) (MT4/MT5) Details Checks intenisty from FX Trend is above value supplied in Mid Point box (default 75) |
i-fxti |
FX Power (MT4/MT5) Details Will signal buy/sell depending on the cross of the currencies. This is an example of where the indicator displays currency strengths in various color index buffers. With capture mode CurrencyDiff, the appropriate indexes will be automatically used depending on the currency pair in question and the setting of input Gen_currencies or via configuration. Note, this configuration contains the correct setting for Gen_currencies, so don't need to alter EA input. Tip: If interested in trading when delta over certain value then set this in Mid Point box. |
i-fxp |
FX Power NG (MT4/MT5) Details Will signal buy/sell depending on the cross of the currencies. This is an example of where the indicator displays currency strengths in various color index buffers. With capture mode CurrencyDiff, the appropriate indexes will be automatically used depending on the currency pair in question and the setting of input Gen_currencies or via configuration. Note, this configuration contains the correct setting for Gen_currencies, so don't need to alter EA input. Tip: If interested in trading when delta over certain value then set this in Mid Point box. |
i-fxpn |
FX Power NG (including Gold) (MT4/MT5) Details As i-fxpn but sets indicator input in order to calculate gold (XAU) as well, so will also work on pairs that include XAU. |
i-fxpn2 |
FX Volume (MT4/MT5) Details Inspects currency volumes that are revelant for the chart's symbol and will signal trade when situation has improved by specified delta. Will caputre the difference between the currency volumes now (via indicator refefece ID fxvNow) and difference currencies had 24 candles pervious (ID fxvPrev). A third indicator reference ID (delta) will look at difference between these two values (now and previous) and signals trade when situation has improved by a minmum delta. The minimum required delta can bet set in the Mid Point box of indicator reference delta. Note, any changes to the inputs of FX Volume should be made to both references ID fxvPrev and fxvNow. |
i-fxv |
ForexOFFTrend Details |
i-fxot |
G Cash IC Breaker Order Blocks Details This indicator must be placed on the chart, as the configuration looks for the rectangle objects the indicator places on the chart. Use CONFIG | Indicator Values to Capture | Reference ID 'gcob' to set the time frame interested in via Indicator Inputs. By default is H1 but can change to by replacing H1 with (say) M30. So, for M30 time frame Indicator Inputs would be: RECTANGLE,CM30:,clrGreen,clrRed,2 |
i-gcob |
Lighthouse Details Note, this indicator doesn't give buy/sell direction, just whether should trade or not, so needs to be combined with another indicator that does give buy/sell indication. Note, we recommend setting Priority=HighAndStart as this can cherry pick trades, where waiting for Lighthouse doesn't delay entry. Note, from our tests Lighthouse doesn't seem to work very well retrospectively, i.e. when looking back, so stats may show very few/no trades. |
i-lh |
LT Trend ChartDetails |
i-ltc |
MACD-2Line Details The following is for signal and main lines crossing. |
i-md2l |
Market Reversal Alerts (formally Order Block Breaker) Details This indicator must be placed on the chart, as the configuration looks for the rectangle objects the indicator places on the chart. |
i-obb |
Market Reversal Alerts (higher time frame analysis check) Details Will check the optional higher time frame analysis that this indicator provides. This must be enabled via indicator input 'Higher Time Frame Analysis'. Our Priority box is set to HighAndStart, so that if get signal and higher time frame isn't inagreement then will void the signal. |
i-obbht |
Market Scanner Details Note, need to have indicator on chart for configuraiton to work. |
i-ms |
Market Scanner Elite Details This uses dots, rather than different arrows, which are blue for buy and sell for red. Note, need to have indicator on the chart for configuraiton to work. |
i-mse |
Moving Average Currency Meter (red crossed blue line) Details The number of inputs exceeds maximum allowed for visual editing. So must edit indicator, if need be, via editing configuration file directly in text editor. |
i-macmx |
Moving Average Currency Meter (price closed beyond blue and red lines) Details Will trade if price closed beyond both blue and red lines. Works by adding indicator twice with referece macmBlue to check price closed beyond blue line and macmRed for similar check on red line. The number of inputs exceeds maximum allowed for visual editing. So must edit indicator, if need be, via editing configuration file directly in text editor. |
i-macm2 |
Mr Red Details Note, need to have indicator on the chart for configuraiton to work. |
i-mrr |
Noltes Envelope Details Note, need to have indicator on the chart for configuraiton to work. |
i-nte |
Octa Reversal Points Details |
i-orp |
PipFinite Breakout Analyzer Details To prevent the indicator from alerting itself you can set indicator properties to: "X",4,1000,"X",0,0,0,7,0,2,2,8,"X",0,0,0,0,0,"X",0 |
i-pfba |
PipFinite Breakout Edge (MT4/MT5)Details |
i-pfboe |
PipFinite Energy Beam Details |
i-pfeb |
PipFinite Exit Edge (MT4/MT5)Details By default will exit on normal or strong. If want to exit on strong then change Color Index, via CONFIG button | Indicator Values to Capture, to 3,2. To exit normal only set to 1,0 IMPORTANT: Untick 'Use for Exit' for other indicators if you just want Exit Edge to control exit (in addition to any SL/TP) Top Tip: It's always a good idea to include exit indicators in entry as well, so the system doesn't try to open trade if would immediately exit! However, if you tick 'Use for Entry' on Exit Edge then will need to reduce Entry Threshold in CONFIG | General Settings, accordingly, as Exit Edge normally signals nothing. So, if have one other indicator than Exit Edge then set Entry Threshold to 50, if have two other indicators then set to 66. This will allow trades even though Exit Edge isn't signalling anything. ALSO set Priority of the entry indicators to High (excluding Exit Edge), so doesn't open trade because of Exit Edge! |
i-pfee |
PipFinite Razor Scalper Details |
i-pfrs |
PipFinite Strength Meter Details To prevent the indicator from alerting itself you can set indicator properties to: "X",7,1000,"X",0,0,7,"X",0,0,0,0,0,0,0,0,"X",0 |
i-pfsm |
PipFinite Swing Control Details To prevent the indicator from alerting itself you can set indicator properties to: "X",5,5,1000,"X",0,"X",0,0,0,0,"X",0 |
i-pfsc |
PipFinite Trend Pro (MT4/MT5) Details |
i-pftp |
PipFinite Trend Pro (Success Rate Filter) (MT4/MT5) Details Can be used in conjuction with i-pftp in order to check Trend Pro success rate % of the chart is sufficiently good. Set Mid Point box to minimum success rate for trades to be allowed. |
i-pftpf |
PipFinite Volume Critical (MT4/MT5) Details Note, just works on extreme over sold, over bought. If over bought (say) the will show down arrow to indicate possible reversal. |
i-pfvc |
PreviousTwoBarsV4 Details |
i-ptb |
PZ_123Pattern Details This indicator places arrow objects on the chart which Indicator Combine can be set to look out for. Note, you will have to add the indicator to the chart yourself. |
i-pzp |
PZ Day Trading Details |
i-pzdt |
PZ Double Top Bottom Details This indicator places arrow objects on the chart which can be set to be looked out for. Note, the indicator must already be on the chart for these settings to work. |
i-pzdtb |
QQE_Alert_MTF_v5.1 (yellow crossing 50) Details |
i-qam50 |
QQE_Alert_MTF_v5.1 (white crossing yellow) Details |
i-qamwy |
RunwiseFX Currency Strength Details Will trade when currency strength for currency pair reaches 25 or above. This value can be changed by altering Mid Point box. |
i-rwcs |
Will trade when currency map slope histogram changes color |
i-rwms |
RunwiseFX Map Base/Counter Lines Cross Details Will trade when currency map base and counter currency lines cross |
i-rwmsx |
RunwiseFX Trend Strengh (histogram color) Details |
i-rtsh |
RunwiseFX Trend Strengh (no yellow X) Details |
i-rtsc |
RunwiseFX Market Trending MT4 | MT5 (line color) Details |
i-mtlc |
RunwiseFX Market Trending M4 | MT5 (histogram color) Details |
i-mthc |
Scalper Inside PRO Details |
i-sip |
Scalping Indicator Pro (gold/trend line check)
Details Checks trend line has gone above 80 to permit buy trades and below 20 is permit sell. If not at this level when trade signalled then will void the entry in order to pervent a late entry. This is achieved by setting Priority to HighAndStart. |
i-sipt |
Scalping Indicator Pro (pink/signal oversold/bought and return) Details Checks signal line has gone below 20 when considering buy and above 80 when considering sell and then crossed out of that zone. Note, the configuration also sets the Reset Threshold in CONFIG | General Settings to 0, so can have consecutive trades of the same direction. |
i-sipso |
Scalping Indicator Pro ('ninja' check with faster period) Details Adds additional 'Ninja' check recommended by the devloper where uses instance of Scalping Indicator Pro with period set to 10 instead of 150 to check trend line on correct side of 50 level. |
i-sipsn |
StdATR Squeeze Channel Details Will signal when the two lines for upper have crossed and also the two lines for lower, i.e. come out of squeeze and price as closed past the lines (upper lines for buy and lower lines for sell). Note, if want current price rather than closed price then set Shift to 0. |
i-sasc |
Stochastics Divergence Details The Shift=2 is in order to get reliable stats as indicators doesn't draw until then. Note, if you just wish to have just hidden divergences then you can set the following Indicator Properties: "X",8,3,3,0,0,0,"X",0,0,0,0,"X",0,0,1 |
i-std |
Stridsman Details Note, although this indicator has two color indexes, it always shows green color (index 2), i.e. always set, but the red appears on/off over the top of it. Therefore, just need to consider red color (index 3) and is sell if not null, i.e. color present. |
i-sdm |
Super Cross Trend AcrossDetails Looks for arrows place on chart by the indicator. |
i-scta |
TPA True Price Action MT4 Indicator (direction arrows) Details |
i-tpad |
TPA True Price Action MT4 Indicator (re-entry dots) Details |
i-tpar |
Tipu Impulse Oscillator Details |
i-tpio |
tma_bands_alerts (reversal on close outside band) Details Will signal buy when candle closes outside lower band and signal sell when closes above upper band |
i-tbar |
TrendLine Pro (MT4/MT5)
Note, contains configuration to set SL & TP from indicator, as well. This will scale-out in thirds as each of three TPs are reached. |
i-tlp |
(T_S_R)-Slope Direction Line Details |
i-tsdl |
zwinner-trend-indicator Details Note, this indicator repaints horribly (not just live candle). Not recommended. |
i-zwti |