Does any indicator works well with both MT4 and MT5 without the need of any conversion?

<p id="isPasted">No, most indicators are not directly compatible between MT4 and MT5 without conversion or adjustment. MT4 and MT5 use different programming languages, making it challenging for indicators coded for one platform to work seamlessly on the other.&nbsp;</p><p>While there are some indicators that are built-in to both platforms, many custom indicators created for MT4 will require conversion or modification to be used on MT5. Additionally, MT5 offers a broader selection of indicators and tools, including some that are not available in MT4.&nbsp;</p><p>In summary:</p><p>Not all indicators are directly compatible:</p><p>Indicators designed for MT4 generally require conversion or modification for use on MT5.&nbsp;</p><p>Different programming languages:</p><p>MT4 and MT5 use different programming languages, making direct indicator compatibility challenging.&nbsp;</p><p>MT5 has a broader range of features:</p><p>MT5 offers a more comprehensive set of indicators and tools compared to MT4.&nbsp;</p><p>Instead of looking for direct indicator compatibility, you may consider:</p><p>Finding equivalent indicators in MT5: Some MT5 indicators may offer similar functionality to those in MT4.&nbsp;</p><p>Converting or modifying indicators: If you have custom indicators for MT4, you may need to convert them or make adjustments for MT5.&nbsp;</p><p>Exploring MT5-specific indicators: Take advantage of the broader range of indicators and tools available on MT5.&nbsp;</p><p>For a more helpful response to your specific question, try providing more details about:</p><p>The specific indicators you are interested in:</p><p>Knowing the names of the indicators you are using or considering will allow for a more targeted answer.&nbsp;</p><p>Your specific needs:</p><p>Understanding your trading style and preferences will help in recommending appropriate indicators for both platforms.&nbsp;</p>