At this page you can download MT4 Forex indicator
that can be attached to the MetaTrader Forex trading platform
to boost your Forex trading performance.

100% Free - Float MetaTrader indicator  -  a sophisticated indicator that analyzes the previous chart history
for the given currency pair and then tries to analyze the trends in the current situation.
It shows the trends' beginnings and ends in a separate chart window and the Fibonacci retracement levels combined with the DiNapoli levels on the main chart.
It also displays how long ago the local high and low were detected.
The indicator is available for both MT4 and MT5.

Input parameters:

  (default = 200) — the amount of bars to process for trend analysis.
     The lower is the number the more current the data will be but the less accurate the analysis will be.
     use_fibos (default = 1) — if 1 then Fibonacci retracements will be drawn on chart. If 0 then Fibonacci retracements won't be drawn on chart.
     Backtesting (default = 0) — doesn't affect anything.


As you can see, the trend's beginning and the end are marked clearly on the chart with this indicator.
You can attach it and wait for the beginning of the next trend and then decide whether to buy or sell.
Fibonacci retracement levels can be used for the target and stop-loss levels.


Download free Float indicator in ZIP version for MT4

Download free Float indicator in ZIP version for MT5


Please, UnZip downloaded zipped file with WinZip or 7zip software.
You can download and use 7zip software for free
There is Float mq4 file indicator inside.

To install downloaded Float indicator use the following steps :

Step By Step installation for MT4
1) Copy the mq4 file. Do this by right clicking on the file and clicking “copy”
     Paste/Save the MQ4 file into your C:\Program Files\MetaTrader 4\experts\indicators folder
2) Close your MetaTrader application (assuming it's currently open ... Ignore this if the application hasn't been launched)
3) Launch your MetaTrader application
4) On the left hand side, look for the "Navigator" window
5) Under the "Common" tab, look into the "Custom Indicators" directory
6) Locate the indicator which you have just downloaded into the folder stated in Step 1
7) Drag (Click and drag) the indicator onto the chart
8) done

Step By Step installation for MT5
1) Make sure you have either .mq5 or .ex5 files of the indicator downloaded.
You can’t install an indicator before downloading it.
2) Go to your MetaTrader platform’s folder (wherever you installed it; usually,
it’s C:\Program Files\MetaTrader 5).
3) Enter the MQL5 folder
4) Enter the Indicators folder
5) Now you have two options — either create a separate folder for your indicator
or copy files directly into common folder.
The first choice is preferable as it will help you to keep the indicators organized.
If your indicator came already in a folder, just copy the folder here, otherwise create a folder
and copy files there or copy files directly into Indicators folder
6) If you had .ex5 file (compiled indicator) then you can proceed to the next step.
If you had only .mq5 and possibly some .mqh files (uncompiled indicator)
you can just restart your MT5 platform for automatic compilation,
but this way you won’t know if there were any errors in the code (and if there were errors it won’t get compiled).
Or you can manually compile it. Double click your indicator’s .mq5 file and the MQL5 Editor window will open.
Make sure it’s your indicator opened, click the Compile button and see
if there are any error/warning messages in the bottom tab - No errors. Good!
7) Now you can start your MT5 (if it’s not already started) and
add your indicator to any chart from the Navigator tab (usually on the screen’s left side).
Just double-click it or drag-and-drop to the chart
8) Now you can enjoy your new MT5 indicator and, hopefully, better Forex trading results.