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Tools
Position Sizer
Calculate risk-based position size directly in your MetaTrader platform and execute a trade in one click or a press of a button.Education
What Is Forex
Learn what Forex is and how it works from this simple explanation.Indicators
Supertrend
Download the Supertrend indicator for MT4 and MT5 to detect trend changes based on the price action.Tools
Position Size Calculator
Calculate your position size based on risk, stop-loss, account size, and the currencies involved. A simple online calculator for quick results.Chart Indicators
Chart indicators work by either extending the existing chart or by replacing it with something completely different. A simple example of a chart indicator is a moving average, that plots the price average over the current chart.
Custom chart indicators let you improve your chart by either making them clearer or adding some new information to it. Chart indicators can generate trading signals on their own or simply help you with technical analysis. The ones presented on this page are free for downloading and have open source code.
How are chart indicators useful?
- Most of the presented indicators will help you with trend detection or reversal confirmation, generating their own trading signals.
- The minority of the chart indicators presented here will let you completely transform your chart and generally require you to learn to use that new chart type.
- You can turn off your MetaTrader chart by changing all the colors in the chart properties to None. This will let you concentrate on the lines built by the chart indicator.
- Combining multiple such indicators can help you modify your chart even further, creating your unique view of the market.
