Which MT4 indicators are running smoothly in MT5?

<p id="isPasted">Hey there! If you're into scalping Forex, I've got some awesome free MT5 indicators that can work like a charm. Check these out:</p><p>Moving Average (MA): A classic indicator that helps you identify trends and potential entry points. Simple MA or Exponential MA can be quite handy.</p><p>Bollinger Bands: These bands can help you spot overbought and oversold levels in the market. Great for determining potential reversals or breakouts.</p><p>Relative Strength Index (RSI): RSI helps you identify when a currency pair is overbought or oversold, indicating potential entry or exit points.</p><p>Stochastic Oscillator: Another great tool to spot overbought and oversold conditions. It provides signals when a trend might reverse.</p><p>MACD (Moving Average Convergence Divergence): This indicator helps you identify trend changes and potential entry points. It combines moving averages with momentum analysis.</p><p>Fibonacci Retracement: Fibonacci levels can help you determine potential support and resistance levels, aiding in finding entry and exit points.</p><p>Ichimoku Cloud: This indicator provides a comprehensive view of support, resistance, and trend direction. It's especially useful for identifying breakout opportunities.</p><p>Average True Range (ATR): ATR helps you gauge the volatility of a currency pair, allowing you to set appropriate stop-loss and take-profit levels.</p><p>Parabolic SAR: This indicator is handy for determining potential reversals in a trend. It's visually appealing and easy to interpret.</p><p>Volume Profile: If you're interested in understanding market dynamics, this indicator helps you analyze volume at various price levels.</p><p>Remember, these are just a few indicators to get you started. Experiment with them, combine different ones, and find what works best for your scalping strategy. Happy trading!</p>

<p id="isPasted">While MT4 and MT5 use different programming languages (MQL4 vs. MQL5) and are not directly cross-compatible, many of the most popular MT4 indicators have been officially rebuilt for MT5 and run smoothly on the newer platform.&nbsp;</p><p><strong>Top MT4 Indicators Rebuilt for MT5</strong></p><p>The following "classic" indicators are natively included or widely available in high-performance versions for MT5:</p><ul><li>Xmaster Formula: Now available for MT5, providing the same green/red trend signals as the original.</li><li>Moving Average (MA): Runs even better on MT5 with added smoothing methods and faster rendering.</li><li>MACD: Displays histogram and lines in a single window in MT5, making momentum reversals easier to spot.</li><li>Relative Strength Index (RSI): MT5 versions allow for layering multiple RSIs for cross-timeframe analysis.</li><li>Bollinger Bands: Offers enhanced visual customization and more accurate volatility "squeeze" identification on MT5.</li><li>Ichimoku Cloud: Optimized for MT5's multi-asset environment (stocks, commodities) with clearer line toggles.</li><li>SuperTrend: Frequently found in the MT5 "Market" tab as a non-repainting buy/sell signal tool.</li><li>Average True Range (ATR): Widely used for risk management, the MT5 version can track volatility across multiple assets simultaneously. </li></ul><p><strong>How to Use Your Favorite MT4 Indicator on MT5</strong></p><p>If you have a custom MT4 indicator that isn't built-in, you have three options to transition it to MT5:</p><ul><li>Search the MQL5 Market: Most popular custom indicators have already been rewritten for MT5 by their original developers.</li><li>Use a Conversion Library: Advanced users can use the MT5Compat.mqh or mq4.mqh libraries to bridge MQL4 functions into an MQL5 environment with minimal code changes.</li><li>Automated Converters: Tools like mt4converter.com or BRiCK Convert4To5 attempt to translate code, though these often require manual fixing of remaining errors afterward. </li></ul><p><strong>Warning:</strong> Never attempt to copy a .mq4 or .ex4 file directly into your MT5 MQL5/Indicators folder; it will not show up in your navigator.&nbsp;</p>