Best MT4 and MT5 Indicators

8 indicators compared · Updated October 7, 2026

A comparison of indicators for MetaTrader 4 and MetaTrader 5, with the type, price and the timeframe each one suits best.

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#	Indicator	Rating	Platform	Indicator type	Price	Best timeframe	Link
1	Moving Average Built-in The classic trend filter. Simple, exponential, smoothed and weighted types.	4.5	MT4, MT5	Trend	Free (built-in)	All timeframes	-
Works best on All markets Best for Trend direction and dynamic support Pros Simple to understand Works on every market Cons Lags behind price Many false crosses in ranges
2	Relative Strength Index (RSI) Built-in Momentum oscillator from 0 to 100, used for strength, divergence and ranges.	4.4	MT4, MT5	Momentum	Free (built-in)	H1, H4	-
Works best on All markets Best for Spotting momentum shifts and divergence Pros Clear scale Good for ranging markets Cons Can stay overbought in strong trends
3	MACD Built-in Trend and momentum tool built from two moving averages.	4.3	MT4, MT5	Trend, Momentum	Free (built-in)	H1, H4, D1	-
Works best on All markets Best for Momentum and trend changes Pros Combines trend and momentum Histogram shows momentum fading Cons Lagging Noisy on low timeframes
4	Bollinger Bands Built-in Volatility bands around a moving average.	4.2	MT4, MT5	Volatility	Free (built-in)	M15, H1	-
Works best on All markets Best for Volatility squeezes and range trading Pros Shows volatility at a glance Cons A band touch is not a reversal signal
5	Average True Range (ATR) Built-in Measures average volatility. Handy for stop loss and position size.	4.2	MT4, MT5	Volatility	Free (built-in)	All timeframes	-
Works best on All markets Best for Sizing stops and targets Pros Helps set stop distance Adapts to the market Cons Gives no direction
6	Ichimoku Kinko Hyo Built-in All-in-one system showing trend, momentum and support or resistance.	4.1	MT4, MT5	Trend	Free (built-in)	H4, D1	-
Works best on All markets Best for Swing and trend traders Pros Many signals from one tool Cons Looks busy Takes time to learn
7	Stochastic Oscillator Built-in Compares the close with the recent high-low range.	4.0	MT4, MT5	Momentum	Free (built-in)	M15, H1	-
Works best on All markets Best for Ranging markets Pros Quick signals Cons Many false signals in trends
8	Parabolic SAR Built-in Dots above or below price, often used for trailing stops.	3.8	MT4, MT5	Trend	Free (built-in)	H1, H4	-
Works best on All markets Best for Trailing stops in trends Pros Easy trailing stop idea Cons Poor in sideways markets

Risk warning: No indicator predicts the market. Always test an indicator on a demo account first and combine it with sound risk management. Read the full risk disclosure

How to use indicators well

An indicator is a tool to describe what the market is doing, not a crystal ball. Pick two or three that do different jobs, for example one for trend, one for momentum and one for volatility, and learn them deeply. Test your combination on past charts and on a demo account before trading real money.

These rows show the layout using well known built-in indicators. Add your own favourites and write your own notes here.

How to use indicators well

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