The No Repaint Alerts Indicator is an incredibly useful and popular free Forex indicator for MT4. This indicator is designed to provide real-time alerts for traders when a price is about to reverse or break out of a range. The indicator works by analyzing the price action of a currency pair and identifying any potential reversals or breakouts. It then sends an alert to the trader to take action. With the No Repaint Alerts Indicator, traders can easily identify potential trading opportunities and make informed decisions.