MetaGold / Tools / Indicator

Explore MetaGold’s Free Forex Trading Indicators

Indicators are among the most essential tools in MetaTrader. They help traders identify market trends, spot optimal entry and exit points, and achieve better risk management. In this section, we introduce a collection of practical and advanced MetaTrader 5 indicators that can be valuable for both beginner and professional traders.

ALL-MA

Calculates 14 types of moving averages based on closing prices.

Autotrendlines

Automatically draws trendlines on MetaTrader 5 charts.

Awesome Oscillator Divergence

A momentum-based oscillator with divergence signal capability.

Bollinger bands breakout

Shows breakout from Bollinger Bands and provides buy/sell alerts.

Buy/sell volume

Analyzes buying and selling pressure based on volume data.

Martingale Lite Calculator

Simulates virtual trades to calculate profit/loss using the martingale strategy.

Channel design

Draws price channels to identify potential reversal zones.

Coral

Identifies swing trading opportunities with trend-following logic.

Daily open line

Displays the daily opening price line on the chart.

Damjan

It helps identify market trend direction.

DC-channel (Donchian Channel)

Builds channels based on the highest/lowest prices within a selected time frame.

EMA Countertrend V1.1

Identifies countertrend movements using Exponential Moving Averages.

FIBO ZIGZAG

Combines Fibonacci retracement with the ZigZag indicator for structure analysis.

Forex spread meter

Accurately monitors the current spread and helps prevent premature stop-outs caused
by miscalculated trading costs.

Fractal CCI

Combines fractals and CCI for cryptocurrency analysis, such as BTC, ETH, and DOGE.

Gann high low

Provides buy/sell signals based on Gann’s theory.

Gann multi trend

Generates fast, multi-timeframe trend signals for scalping and day trading.

Instantaneous trend line

Draws real-time trendlines using advanced mathematical formulas.

MACD TREND SILENCER SIGNAL

Combines MACD with filtering signals to remove noise.

Market volume profile

Shows volume activity at different price levels over time.

Mod ATR Trailing Stop

Calculates dynamic stop loss using ATR for better volatility management.

Parabolic

Provides trend-following buy/sell signals using Parabolic SAR.

Pattern recognition

Identifies candlestick reversal and continuation patterns.

PivotPoints

Calculates and displays daily, weekly, and monthly pivot levels for S/R analysis.

Price channel

This indicator uses a blue cloud and centerline to identify support and resistance zones.

Price momentum oscillator

Shows whether momentum is bullish or bearish for trade signals.

Regr channel bars

Volume-based analysis using regression bar visualization.

Risk Reward Indicator

Visualizes risk-to-reward ratio on trade setups.

RSI Signal Alert

Generates alerts based on combined signals from RSI and ATR.

Stochastic of RSX

Provides smoother momentum signals for clearer market
direction.

Supply and demand

Displays structured supply and demand zones for informed decision-making.

Tma-cd divergence

Identifies divergence between price and TMA-CD via histogram and arrows.

Candle time and spread display

Shows candle close time and real-time spread on the chart.

Trend Channel

Draws dynamic trend channels for clearer directional trading decisions.

TrendLines

Automatically draws trendlines and displays SuperTrend across all timeframes.

Zig-zag Fibonacci fan

Draws Fibonacci fan lines and levels using ZigZag and Fibonacci ratios.

Profile volume

Displays volume distribution across price levels for volume-based analysis.