What indicators does MT4 and MT5 have in common?

<p id="isPasted">Both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) share a core set of built-in technical indicators, including popular ones like Moving Averages, MACD, RSI, and Stochastic Oscillator. These are fundamental tools for technical analysis in both platforms. Additionally, both platforms support custom indicators that traders can create or download from third-party sources, offering a wide range of analysis options.&nbsp;</p><p>Common Indicators:</p><p>Moving Averages:</p><p>Both platforms offer various types of moving averages (Simple, Exponential, Smoothed, Linear Weighted) for identifying trends and potential support/resistance levels.</p><p>MACD (Moving Average Convergence Divergence):</p><p>This indicator helps traders identify potential buy and sell signals based on the relationship between two moving averages.</p><p>RSI (Relative Strength Index):</p><p>The RSI is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions.</p><p>Stochastic Oscillator:</p><p>This indicator compares a security's closing price to its price range over a given period, helping to identify potential trend reversals.</p><p>Other common indicators:</p><p>Bollinger Bands, Average True Range (ATR), Ichimoku Cloud, etc., are also available on both platforms.&nbsp;</p><p>Key Differences:</p><p>While many indicators are shared, MT5 also has a few unique ones and enhancements to some existing indicators, as well as the ability to use more complex custom indicators. MT5 also has a different programming language for custom indicators (MQL5) than MT4 (MQL4), meaning indicators developed for one platform are not directly compatible with the other.&nbsp;</p><p>Custom Indicators:</p><p>Both platforms allow users to create their own custom indicators using the respective MQL languages (MQL4 for MT4 and MQL5 for MT5). This allows for a high degree of customization and the ability to tailor indicators to specific trading strategies. However, it's important to note that custom indicators developed for MT4 will not work on MT5 and vice versa.&nbsp;</p><p>In essence, while MT4 and MT5 share a core set of common indicators, MT5 offers more advanced features and customization options, particularly when it comes to custom indicators and complex trading strategies.&nbsp;</p>