Analyse the markets and customise your trading experience with a range of free MetaTrader 4 indicators and add-ons from IG.
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MetaTrader 4 indicators are powerful technical analysis tools which can help you to identify market trends and provide evidence for your predictions about future price movements.
When you download MT4 from IG Bank, you get six of the most popular indicators on the MT4 platform for free.
As well as the free indicators offered by IG Bank, you will also get access to 12 of the most used MT4 add-ons. MT4 add-ons enable you to customise the MT4 platform to better suit your individual trading needs.
Each MetaTrader 4 indicator or add-on has a specific purpose, so you may want to combine a few of them to implement the ideal strategy for you.
Short-Term Trading Ideas and MT4 Financial Signals for the short-term trader, Signal Centre publish trade ideas that have a longer projected time scale. These reports are sent directly by email, or through MT4, with a specified trigger level, 2 target levels, a stop loss level and an analyst confidence level.
Although a target and stop loss level are published in the idea, these can be adjusted as directed in live updates. The performance report is based on the opening level and either the stop, 1st target or closing price. Although a target and stop loss level are published in the idea, these can be adjusted as directed in live updates.
To get IG Bank free indicators and add-ons, you’ll need to create an MT4 account with IG Bank; this can be either an MT4 demo account or a live account and there is more information on how to set these accounts up on our MT4 download page. Regardless of the account you open, you will be able to try out, test and use IG Bank indicators and add-ons.
However, as well as the free add-ons and indicators you get from IG Bank, you can also download additional ones or even make your own. Other available add-ons include software to help you with Elliott wave theory, and programs to identify levels of support and resistance.
To access the indicators and add-ons within the MT4 platform, simply go to the ‘navigator’ window at the top left of your screen and open the ‘indicators’ folder. You then drag the indicator that you want onto a price chart and a window will pop up for you to decide the parameters that you wish to set.
You get a number of free indicators when you download MT4 from IG Bank. These are powerful technical analysis tools, which can help you to see your past successes and failures on MT4 charts, add pivot points and alerts, take a look at historic highs and lows, plus much more. Below are six of the most popular indicators that you get for free from IG Bank.
Examine any of your previous trades, overlaid onto MT4’s charts – so you can replicate your successes and learn from your failures.
Gauge market movement with pivot points and add alerts if they are needed.
Find historic highs and lows on any chart, for any timeframe.
Overlay any chart with Renko bars to analyse price movements with ease.
Link charts together, so that changing the symbol on one changes it for all.
Draw on any chart completely freehand, at the press of a single button.
You’ll also receive more than 12 add-ons when you download MT4 rom IG Bank. These enable you to customise the platform to your own preferences and trading needs. Below are some of the most used add-ons that IG Bank offers for free.
Lets you adapt MT4’s deal ticket and charts to your preferences with a host of highly configurable new features.
Controls all of your trades from a single, powerful window.
Let’s you keep your trades anonymous.
Manage all your alerts, or create new ones, in a single window.
See the latest news and upcoming market events in your trading platform.
Is a way to filter markets, view account details and check your open positions in one place.
Can analyse market sentiment or view a historic price vs sentiment chart.
View a variety of tick charts and a new deal ticket for short term traders.
Looks at the correlations between any two markets.
You can see the time remaining in the current bar for a variety of timeframes.
Shows you which market is currently open, whether that be New York, London or Tokyo.
Signal Centre delivers clear and concise trade ideas that are suitable for all traders, whatever their style or level of experience. These trade ideas are based on in-depth market research conducted using a combination of expert human-led analysis and powerful AI technology. They include clear target levels and continuous updates, making it easier for you to find and time your trades.
To access Signal Centre on MT4, you’ll first need to download and install it. Once you’ve done that, you should be able to see it under ‘Expert Advisors’, which is located in the ‘navigator’ tab towards the top left of the screen within the platform.
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Then, when you’re ready to use Signal Centre, simply drag it from the navigator window onto an open price chart.
When you use us to download MT4, you’ll get free access to Autochartist. Autochartist is a powerful pattern-recognition tool that automatically monitors the markets on your behalf. Its software is designed to identify trading opportunities based on support and resistance levels. It does this 24 hours a day and gives you price alerts whenever a new opportunity presents itself.
Autochartist can be found on the MT4 platform by going to the ‘navigator’ window and clicking on ‘scripts’.
Expert Advisors (EAs) are programs which enable you to automate your trading in MT4. Expert Advisors (EAs) can be found in the ‘navigator’ tab to the top left of the screen within MetaTrader 4. When you download MT4 from IG Bank, you get two EAs already installed: MACD Sample and Moving Average.
To activate either one of these EAs on a particular price chart, you first need to make sure that the ‘auto trading’ function found in the top toolbar is enabled.
Next, simply drag one of the EAs from the navigator window onto an open price chart.
You can see if it has been activated or not by a smiley face icon in the top-right corner of the price chart onto which you applied the EA.
Which MT4 indicators can I use to see support and resistance levels?
Notable add-ons and indicators that can be used to identify levels of support and resistance include ‘Support Resistance Indicator’ and ‘Support Resistance’.
Which MT4 indicators can I use for commodities trading?
Moving Averages is one of the most popular MT4 indicators and can be used in commodities trading. It gives you the ability to gauge the direction of the current market trends, enabling you to spot swing lows and swing highs as periods of buying and selling.
Moving Averages is available in the Expert Advisors tab of the navigator window.
How do I create my own custom indicator?
As well as downloading existing indicators and installing them onto your MT4, you can build your own custom indicators. The process for creating a custom indicator is similar to that for creating an Expert Advisor. To do this, press F4 on the keyboard within the MT4 platform, which will bring up the MetaEditor display. In the MetaEditor display, click on ‘new’.
This will bring up the MQL Wizard, where you can create your own custom indicators.
How do I install an MT4 indicator?
To install an indicator onto MT4, you’ll need to copy the indicator file into a folder called ‘indicators’, which you’ll find by clicking ‘file’ in the top navigation bar and then selecting ‘open data folder’.
Can I try out MT4 indicators on an MT4 demo account?
Yes, you can install all our free indicators and apps in an MT4 demo to test-drive them without committing any capital.
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