The best free MT4 indicators, without the junk
The best free MT4 indicators are open-source files you can actually verify. This library holds 20 hand-picked MetaTrader 4 indicators and tools, each license-checked, shipped with its original licence and editable .mq4 source, and reviewed honestly, including what every tool does badly. Browsing is free; downloading takes one email.
Not a dump of six hundred re-skinned files. A small, hand-checked library of open-source MetaTrader 4 indicators and tools that are genuinely useful, license-clear, and packaged to just work.
- Every file open-source and license-verified, the original licence rides in the download
- MT4-native, a real .mq4 in every zip, never an .ex4-only black box
- An honest write-up on each, including what it does badly
- One email, then pick any tool and it downloads instantly
Updated 2026-06-09
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Drop your email, then choose any indicator or tool below and it downloads on the spot. Come back for another whenever you want one.
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Pick your first free tool
8 to choose from
Risk Calculator
Reads your open and pending orders to show total risk and reward in both money and percent.
Price Alert Panel
Set price, indicator and time alerts from an on-chart panel with pop-up, email and push.
Trade Info Panel
An on-chart dashboard of balance, equity, floating P/L, margin and spread, all in one panel.
Stop-Out Line
Plots the price at which your account would hit the broker's stop-out level.
Coppock Curve
The classic long-term momentum oscillator built from two rate-of-change values and a weighted average.
No Nonsense ATR
An ATR readout in pips for the NNFX method, sizing stops and targets off real volatility.
Correlation Indicator
Measures rolling correlation between the chart symbol and a second instrument you choose.
Draw Grid
Draws an evenly-spaced horizontal price grid at a pip step you choose, for scalping levels.
All 20 free MT4 tools at a glance
Every tool in the library, with its category, whether it repaints, the MetaTrader versions it runs on, and its open-source licence.
| Tool | Category | Repaints? | Platform | Licence |
|---|---|---|---|---|
| Breakeven Line | Account & Trade Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Draw Profit | Account & Trade Tools | No | MetaTrader 4 | MIT |
| Equity Line | Account & Trade Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Lot Size Calculator | Account & Trade Tools | No | MetaTrader 4 | MIT |
| Profit Info | Account & Trade Tools | No | MetaTrader 4 | MIT |
| Risk Calculator | Account & Trade Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Stop-Out Line | Account & Trade Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Trade Info Panel | Account & Trade Tools | No | MetaTrader 4 | MIT |
| Draw Grid | Chart & Terminal Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Switch Timeframes by Keys | Chart & Terminal Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Synced Crosshair | Chart & Terminal Tools | No | MetaTrader 4 | GPL-3.0 |
| Auto Trend Lines | Levels & Market Structure | Updates live | MetaTrader 4, MetaTrader 5 | MIT |
| Correlation Indicator | Levels & Market Structure | Updates live | MetaTrader 4 | MIT |
| Forex Scanner Dashboard | Levels & Market Structure | Updates live | MetaTrader 4 | MIT |
| Price Alert Panel | Price & Alert Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Price Line Alert | Price & Alert Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Coppock Curve | Trend & Momentum | Updates live | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| MA Max Excursion | Trend & Momentum | Updates live | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Moving Average Slope | Trend & Momentum | Updates live | MetaTrader 4 | MIT |
| No Nonsense ATR | Trend & Momentum | No | MetaTrader 4 | GPL-3.0 |