Free MT4 indicators
Download free MT4 indicators from StockBook and add them to your charts. Use them with your MT4 data feed for NSE F&O, Forex and commodities.
How to install a free MT4 indicator
Download
Save the indicator file (.ex4 or .mq4) to your computer.
Copy
In MT4 choose File, Open Data Folder, then MQL4 and Indicators. Paste the file there.
Compile
A .mq4 file needs MetaEditor and F7. A .ex4 file needs no compiling. Restart MT4.
Add to chart
Drag the indicator from the Navigator onto your chart.
Built-in MT4 indicators you can use free
MT4 already includes these. Open Insert, then Indicators, and pick one.
Moving Average
Shows trend direction.
MACD
Momentum and trend changes.
RSI
Overbought and oversold zones.
Bollinger Bands
Volatility and price range.
Stochastic
Momentum in a price range.
ATR
Volatility and stop distance.
Parabolic SAR
Trailing stops and reversals.
Ichimoku
Trend, support and resistance.
Indicator questions
Are StockBook MT4 indicators free?
Yes. Download the indicators on our free indicators page and use them on your own MT4 at no cost.
How do I install a free MT4 indicator?
Copy the file into the Indicators folder (File, Open Data Folder, MQL4, Indicators), compile it in MetaEditor or restart MT4, then drag it from the Navigator onto your chart.
Do the indicators give buy and sell advice?
No. Indicators are analysis tools. They are not investment advice and do not guarantee results.
Indicators are analysis tools, not investment advice. Past patterns do not guarantee future results.
Need a custom indicator?
Tell us your idea and we will send a quote.