MT4 and MT5 buy and sell indicators can be some of the most straightforward indicators to use in your trading.
Because many buy and sell indicators give you precise buy and sell points, these types of indicators can be especially useful for beginner traders.
In this post, we go through how to use buy and sell indicators and get them for your MT4 and MT5 charts.
NOTE: Want a full list of some of the best free MT4 and MT5 indicators you can use in your trading? You can get them below.
Table of Contents
What are Buy and Sell Signals?
Buy and sell signals are very easy to use in your trading.
Most buy and sell indicators will give you unambiguous green buy arrows and red sell arrows.
There are many different types of signal indicators with many different trading strategies.
Some of these indicators use price action, and others use other indicators to develop their signals, such as moving averages or the MACD.
How to Use Buy and Sell Signal Indicators
Because buy and sell indicators are so straightforward, they are also straightforward to use in your trading.
In the chart example below, we have clear buy signals in blue and sell signals in purple.
In this example chart, you would be looking to make long / buy trades when a blue arrow forms and sell / short trades when the purple arrows form.
You can also use these arrows to help you take profit. For example, if you go long with a blue arrow, and then a purple arrow forms, you could look to sell and take your profit.
Note: You may also like the best Forex trading app for beginners.
Buy and Sell Signal Indicator for MT4
This buy and sell indicator for MT4 is a very simple indicator to use that is also free to download and use.
This indicator forms its signals using a histogram. After carrying out its calculations, it plots buy and sell arrows on your chart.
The recommended time frame to use this indicator is the 1-hour chart, but you can use it on your other time frames.
The handy thing about this indicator is that it also comes with alerts that you can set to your phone, email, or on-screen popup, so you never miss any signals.
See an example of this indicator below.
You can get your buy and sell signal indicator for MT4 here.
Buy and Sell Indicator for MT5
This MT5 buy and sell indicator has clear buy and sell signals that form on your chart.
When certain conditions are met within the indicator, a signal will appear on your chart.
This indicator works on all time frames, and you can use it in any market.
The other handy thing about this indicator is that you can set Metatrader alerts through email, on-screen popup, or to your phone.
This is a premium indicator, however; you can use a free demo to see if it suits your trading.
Beginner traders often use buy and sell indicators because they take all the guesswork and analysis out of the equation.
If you want to use buy and sell indicators, you can often find higher probability trades when you combine them with other popular indicators.
Another thing to note is that you always want to backtest and demo trade with any new indicators before risking real money.