Below is a page containing a list of standard and custom Metatrader 5 indicators for MT5 which you may want to use in your trading systems. Just Click on the image below. You can download any of the indicators by clicking on the indicator name.
Metatrader 5 is leading the way in terms of free platforms that allow you to easily edit and create your own forex indicators.
One of the greatest benefits of MT5 is the new timeframes. It now offers M1-M6, M10, M12, M15, M20, M30, H1-H4, H6, H8, H12, D1, W1, MN. With MT4 in order to get different time frames not installed you had to do all sorts of extra things with scrpits and or an indicator and using ‘offline charts’. This period range gives the user much more choice straight out of the box.
It also now allows traders to use stop limit orders. “A stop-limit order will be executed at a specified price (or better) after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or sell) at the limit price or better”. Who knows why it was not included before I do not know as most 3rd party trade management systems have been doing this for years. It will especially usefully to system traders and breakout traders.
It is also agreed by many to be faster and more efficient taking up less CPU so it definietly an improvement on metatrader 4. Whilst MT4 is still the popular choice of the two platforms, MT5 will eventually become the standard issue for most metatrader brokers and with literally dozens of brokers to choose from, the trader has never had a better choice of forex dealers.
Should you come across any metatrader 5 indicators we do not have in our selection please forward them to us at firstname.lastname@example.org.