Best Free Forex Indicators for MT5 & MT4
12+ institutional-grade trading indicators — multi-pair bias scanners, AI pattern matching, smart money flow, machine learning, and liquidity detection. All free to download. No registration required.
3-in-1 MT5 Indicator Bundle - MQ5 + EX5 Included
Paid Etsy bundle for traders who want editable MT5 source code: 12H Bias Engine, Smart Money Institutional Flow Dashboard and D1/H1 15-Pip Pending Signal indicator. Built around OHLC similarity, ICT/SMC structure, pending-order testing, logs and chart dashboards.
Quick Comparison — Find Your Best Forex Indicator
| Indicator | Platform | Best For | Key Features | Level | |
|---|---|---|---|---|---|
| AlgoSpecial ImbalanceZoneX | MT5 | Non-repainting fair value gap (FVG) and ICT/SMC price imbalance detection | 3-candle bullish/bearish FVG, live extension until mitigation, minimum gap filter, popup alert | Intermediate | Download |
| AlgoSpecial TrendMatrixPro | MT5 | Multi-timeframe trend bias and alignment in one panel | Fast/slow MA across M15–W1, colour-coded bullish/bearish/neutral, any MA method, EA bias filter | Beginner | Download |
| AlgoSpecial SessionBoxer | MT5 | Asian/London/New York session range and breakout planning | Session boxes over N days, average session-range stats, midpoint lines, breakout alerts | Intermediate | Download |
| AlgoSpecial LevelHunterPro | MT5 | Intraday key levels, VWAP and liquidity mapping | Asian range, PDH/PDL, PWH/PWL, tick-volume daily VWAP, swings, round numbers, info panel + alerts | Intermediate | Download |
| AlgoSpecial DivergenceRadar | MT5 | Multi-oscillator divergence confluence and momentum filtering | 10 oscillators (MACD/RSI/Stochastic/CCI/OBV/MFI/CMF…), regular + hidden divergence, minimum-agreement count, count box, alerts | Advanced | Download |
| US100 Liquidity Sweep FVG EA | MT5 | Nasdaq (US100/NAS100) session sweep + FVG pending-limit robot | Asia/PDH/PDL sweep, displacement filter, FVG entries, HTF bias, daily loss + drawdown guards, M5/M15 presets | Advanced | Download |
| PipsPredict D1 Weekday Pip Forecast | MT5 | Next-D1 high/low/close and weekday pip movement planning | D1 weekday stats, nearest cases, forecast band, safe play, live audit, multi-pair dashboard | Advanced | Download |
| MT5 Bank Orders Institutional Flow Dashboard | MT5 | SMC watchlist scanning, XAUUSD/forex liquidity and zone context | Supply/demand, liquidity, BOS/CHoCH, FVG, equal highs/lows, alerts, confirmed signal lock | Advanced | Download |
| MT5 Asia London NY Liquidity Engine | MT5 | Asia range, London sweep and New York continuation/reversal planning | Session windows, PDH/PDL targets, internal backtest, confidence score, entry/SL/TP | Advanced | Download |
| MT5 12H Bias Multi-Pair Scanner | MT5 | 12-hour forex and XAUUSD bias scanning | Multi-pair dashboard, KNN-style nearest cases, expectancy, no-hit, live TP | Advanced | Download |
| RSI Research Cluster | MT5 | Advanced RSI strategy research and regime filtering | Percentiles, volatility, expectancy surface, HMM, crash probability | Advanced | Download |
| AlgoBullion AI | MT5 | Institutional pattern matching + smart money | AI k-NN, BOS, MSS, FVG, Liquidity, 5 Regimes, Self-Learning | Advanced | Download |
| Liquidity V8 | MT4+MT5 | ICT liquidity sweep detection | Multi-TF sweeps, POI tracking, dynamic exits | Intermediate | Download |
| KNN ML | MT5 | Machine learning price prediction | K-Nearest Neighbors, sentiment gradient, ML dashboard | Advanced | Download |
| TrendVibe PRO | MT5 | XAUUSD Gold trading | Non-repainting, EMA layers, liquidity sweeps | Beginner | Download |
| BreakOut Finder | MT5 | Breakout probability trading | Historical probability, USDJPY+XAUUSD | Advanced | Download |
| Liquidity Structure | MT5 | Institutional order flow | Mass detection, ICT POI, real-time sweeps | Intermediate | Download |
| Day Stats Analytics | MT4+MT5 | Statistical analysis dashboard | Multi-pair, probability zones, daily ranges | Intermediate | Download |
All Indicators
AlgoSpecial DivergenceRadar (MT5)
Ten oscillators evaluated in one pass — MACD, histogram, RSI, Stochastic, CCI, Momentum, OBV, VWMACD, CMF and MFI — with regular and hidden divergence and a confluence count box. Non-repainting.
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AlgoSpecial LevelHunterPro (MT5)
Asian range, London/NY boxes, PDH/PDL, PWH/PWL, tick-volume daily VWAP, confirmed swings and round numbers with an info panel, tooltips and breakout alerts.
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AlgoSpecial SessionBoxer (MT5)
Colour-coded Asian, London and New York session range boxes across past days, with an average session-range statistics panel and optional breakout alerts.
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AlgoSpecial TrendMatrixPro (MT5)
Multi-timeframe trend dashboard: fast/slow MA trend across M15, M30, H1, H4, D1 and W1 in one colour-coded panel — a higher-timeframe bias filter for traders and EAs.
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AlgoSpecial ImbalanceZoneX (MT5)
Non-repainting fair value gap indicator: 3-candle bullish and bearish FVGs, live extension until mitigation, and full ICT/SMC price-imbalance mapping.
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US100 Liquidity Sweep FVG EA (MT5)
Free MT5 Expert Advisor for US100/NAS100/USTEC. Detects Asia range and PDH/PDL liquidity sweeps, confirms displacement and fair value gaps, then enters with pending limit orders. Includes M5/M15 aggressive presets and Strategy Tester INI files.
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PipsPredict D1 Weekday Pip Forecast (MT5)
Free MT5 EX5 indicator that forecasts next D1 high, low, close and buy/sell probability using weekday pip statistics, ATR regime, similar historical cases, live audit and multi-pair dashboard.
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MT5 Bank Orders Institutional Flow Dashboard
Free MT5 EX5 smart money dashboard for supply and demand zones, liquidity levels, BOS/CHoCH, FVG, equal highs/lows, premium/discount context, alerts and confirmed trade plans.
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MT5 Asia London NY Liquidity Engine
Free MT5 EX5 session liquidity indicator that maps Asia range, London sweep, New York continuation or reversal, PDH/PDL targets, confidence score and internal backtest stats.
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MT5 12H Bias Multi-Pair Scanner
Free MT5 dashboard scanner for forex and XAUUSD. Scans multiple pairs/timeframes, compares nearest historical OHLC setups, and prints HIGH BUY/SELL, expectancy, no-hit rate and live TP.
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RSI Research Cluster (6 MT5 Indicators)
Six free RSI research indicators: percentile tails, volatility-adaptive thresholds, regime surface, oversold boundary, crash probability, and Hidden-Markov RSI.
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Liquidity V8 Indicator (MT4/MT5)
AI Institutional Scanner featuring multi-timeframe liquidity sweeps, ICT POI tracking, and dynamic exits.
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Advanced Day Stats Analytics
Multi-pair statistical analysis dashboard for daily ranges, probabilities, and institutional zones.
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TrendVibe PRO Institutional Indicator
Advanced ICT-based non-repainting indicator for XAUUSD Gold M30 with liquidity sweep detection and EMA trend layers.
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BreakOut Finder & Probability (MT5)
A powerful "deadly combo" strategy for USDJPY and XAUUSD, combining liquidity breakout detection with historical probability analysis.
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KNN Machine Learning (MT5)
Predictive pattern recognition using K-Nearest Neighbors with gradient sentiment coloring and ML dashboard.
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Liquidity Structure & SMC
Institutional Order Flow tracker with liquidity sweeps, mass detection, and realtime ICT POI analysis.
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AlgoBullion AI Pattern Matching (MT5)
Institutional-grade 45-buffer indicator with k-NN AI pattern similarity engine, BOS/MSS/FVG smart money detection, self-learning weights, and 5-regime classification dashboard.
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RSI Multi-Timeframe Price Levels (MT5)
Projects exact price levels where RSI(22) will hit 80/75/25/20 thresholds across M15/M30/H1/H4. Historical clustering + Wilder forward simulation. Confluence scoring engine.
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Daily Range Backtest Levels (MT5)
Walk-forward validated limit order backtest engine. Computes fill/TP probability from H1+H4 bar-by-bar simulation with auto lot-sizing recommendations.
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Volume Profile Order Flow (MT5)
Buy/sell volume profile bells, POC, VAH, VAL, OVL balance detector and footprint table. Free ex5 download.
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Volume Footprint (MT5)
Bid/ask per price row, delta, CVD, 300% imbalances, stacked zones and a BUY/SELL/WAIT signal with SL/TP. Free ex5 download.
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Pine Script to MT4/MT5 Conversion Planner
Analyze Pine strategies, repainting risk, TradingView alert bridges, MTF synchronization and the correct MQL4/MQL5 build path before paying for conversion.
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3-in-1 MT5 Indicator Bundle
12H Bias Engine, Smart Money Institutional Flow Dashboard and D1/H1 pending-signal logic with MQ5 + EX5 source included via Etsy.
MT5 Bank Orders Institutional Flow Dashboard
Supply/demand zones, BOS/CHoCH, liquidity levels, FVG, equal highs/lows and confirmed trade-plan logic explained with EX5 download.
MT5 Asia London NY Liquidity Engine
Asia range, London raid and New York continuation/reversal planning with internal session backtest stats and entry/SL/TP dashboard.
Interactive Brokers RSI Pair Trader
Tkinter desktop trading workflow, TWS API connection handling, RSI pair logic, risk controls and custom IBKR development positioning.
XAUUSD M30 CSV Data For Backtesting
Use clean MT5 historical data for Python backtests, strategy validation, spread checks and realistic gold EA research workflows.