Free Custom Indicator Settings

There are some great free custom indicators available online. In this section we list them with download links and settings required to configure them in our products. If download link is source code (.mq4 or .mq5) then add to chart first to get it compile to .ex4/5. You can click the indicator name, where possible, to get more details on the indicator itself.

Descriptionquick load code

ADX Color Details

Will check blue/red showing for buy/sell, i.e. not yellow

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Elder_Impulse_MTF (download link) Details

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FGDI (download link) - Trade if red line below 1.5 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.

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Forex Kijun Fluction Indicator MT4 (download link) Details

Contains necessary input properties to turn off the indicators own alerts.

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Genesis Matrix (download link) Details

Several indicators in one.

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Heiken Ashi Mod (download link) Details

Variant on Heiken Ashi that picks out stronger signals.

The color index 1,0 will signal or red/blue. To signal on grey use color index 3,2.

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HMA Trend Details

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Jurik Smoothed Vortex (download link) Details

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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.
Note, this version is different to the one shown in our Strategy Builder video, as it emerged that one had a repainting issue. Add downloaded mq4 to chart first to get it to compile.

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PipTick Heiken Ashi MT5 Details

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Super Trend Hull MT5 Details

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Traders Dynamic Index (TDI)  (download link MT4 | MT5) - Green Crossing 50 Details

Hugely popular free indicator giving a very visual representation of the market.

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Traders Dynamic Index - Red Crossing Yellow Details

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Trend Scalp & Arrows  (download link) Details

Another great buy/sell trend indicator that uses different calculation method to Super Trend above.

Note, only indicates buy/sell when market is strong.

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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 configuration - a great way to indicators before purchase.

Descriptionquick load code

3_ma_cross_with_alert Details

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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
However, we don't own the indicator to check and the inputs seem to cause the indicator problems in the strategy tester.

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ADX Arrow Details

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Awesome Oscillator Details

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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.

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binaryarrow Details

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BinaryComodos Details

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BUYSELL MAGIC Details

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Candle Painter Details

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CCIVolumetric Details

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Centre of Gravity (MT5) Details

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Currency Strength Trader Details

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Cynthia_BB Details

The following is for entry on bright color. The darker color can be configured via colorIndex=3,2.

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Cynthia_i_Trend Details

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Cynthia Signal Entry Stop Details

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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).

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Easy Trend Details

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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

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Gekko MACD Plus (MT5) Details

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Heiken Ashi Smoothed Details

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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.

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Hull MA Details

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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, click CONFIG | Options button and tick 'Use current market price rather than close price' and Save. 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.

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FML_Gift1_StoRSI Details

Will signal buy when blue line goes above 65 and sell when drops below 35.

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FX Trend Details

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FX Power Details

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, which needs to match the order that the indicator allocates color indexes to the currencies, where first currency is index 0. Will signal buy/sell depending on the cross of the currencies.

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ForexOFFTrend Details

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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.

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MACD-2Line Details

The following is for signal and main lines crossing.

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Market Scanner Details

Note, need to have indicator on chart for configuraiton to work.

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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.

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Moving Average Currency Meter (red crossed blue line) Details

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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.

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Mr Red Details

Note, need to have indicator on the chart for configuraiton to work.

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Noltes Envelope Details

Note, need to have indicator on the chart for configuraiton to work.

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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

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PipFinite Breakout Edge Details

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PipFinite Energy Beam Details

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PipFinite Exit Scope Details

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PipFinite Razor Scalper Details

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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

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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

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PipFinite Trend Pro (MT4/MT5) Details

Processor load can be reduced by setting indicator input properties to: "X",3,2,3000,"X",1,0,1,0

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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.

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PreviousTwoBarsV4 Details

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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.

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PZ Double Top Bottom 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.

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QQE_Alert_MTF_v5.1 (yellow crossing 50) Details

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QQE_Alert_MTF_v5.1 (white crossing yellow) Details

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RunwiseFX Market Trending M4 | MT5 (line color) Details

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RunwiseFX Market Trending M4 | MT5 (histogram color) Details

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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.

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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.

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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

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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.

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Tipu Impulse Oscillator Details

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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

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(T_S_R)-Slope Direction Line Details

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zwinner-trend-indicator Details

Note, this indicator repaints horribly (not just live candle). Not recommended.

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