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Indicators Insert Option on MetaTrader 4 Insert Menu

MetaTrader 4 indicators can be found on the Insert Menu as the first option.

 

This option has a pop right button that shows the list of all the MetaTrader 4 indicators under this option as shown below.

Indicators Insert Menu on MetaTrader 4 Platform

 

The list is shown below as a pop up menu, at the top is a list of the ones most popularly used within the MT4 platform by the trader using this software. This list made up of 6, which vary from platform to platform depending on the platform being used.

Adding an Indicator on a Forex Chart in MetaTrader 4

 

Commonly Used in the Example Above

On the above example the most commonly used, these are:

  1. Accelerator Oscillator
  2. Accumulation/Distribution
  3. Alligator
  4. Average Directional Movement Index
  5. Average True Range
  6. Awesome Oscillator

 

Trend Based

These are shown below:

Trend Based Technical Analysis

 

These are:

  1. Average Directional Movement Index
  2. Bollinger Bands
  3. Commodity Channel Index
  4. Moving Average
  5. Parabolic SAR
  6. Standard Deviation

 

The Trend based will basically show the general direction of the market. These will either move upwards in an uptrend or downward in a down trend. (Or Sideways no direction /no trend).

 

A trader will therefore trade with the direction that is the same as that indicated by these trend following.

 

Oscillators

These Oscillators are shown below:

Oscillators Technical Analysis

 

These Oscillator are:

  1. Average True Range
  2. Bears Power
  3. Bulls Power
  4. DeMarker
  5. Envelopes
  6. Force Index
  7. Ichimoku Kinko Hyo
  8. MACD
  9. Momentum
  10. Moving Average of Oscillator
  11. Relative Strength Index
  12. Relative Vigor Index
  13. Stochastic Oscillator
  14. William’s Percentage Range

 

Volume Based

These are shown below:

Volume Based Technical Analysis

 

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These are:

  1. Accumulation/Distribution
  2. Money Flow Index
  3. On Balance Volume
  4. Volumes

 

Volume in Forex do not measure the transaction volume as there is no central exchange market like stocks market, but they measure the tick volume, the more tick volume the more the number of trade transaction, therefore traders use tick volumes to estimate the transactio volumes in the Forex Exchange Market.

 

Bill Williams

The MetaTrader 4 Bill Williams are shown below, these were developed by Bill Williams hence their grouping as Bill Williams:

Bill Williams Technical Analysis

 

The Bill Williams are:

  1. Accelerator Oscillator
  2. Alligator
  3. Awesome Oscillator
  4. Fractals
  5. Gator Oscillator
  6. Market Facilitation Index

 

Custom Indicators

These are shown below,

Custom Indicators on MT4 Forex Platform

 

The Customs are:

  1. Accelerator
  2. Accumulation
  3. Alligator
  4. ATR
  5. Awesome
  6. Bands
  7. Bears
  8. Bulls
  9. CCI
  10. Heiken Ashi
  11. Ichimoku
  12. iExposure
  13. MACD
  14. Momentum
  15. Moving Averages
  16. OsMA
  17. Parabolic
  18. RSI
  19. Stochastic
  20. ZigZag

 

The Sub Menu, within the Insert Menu can be used to place these on a trading chart by selecting and then clicking on it to place it on the chart.

 

Once you click on an indicator the following pop up will appear:

Setting Indicator Parameters on MetaTrader 4 Platform

 

As a trader you can just click the “OK” button to place it on the chart.

 

You can also change a few setting, for example in the above you can set the color style to blue, change the line width and change the period used to calculate the settings.

 

A level can also be added by selecting the “Levels” button as shown below:

Adding Lines and Levels to Metatrader 4 Indicators

 

To add a level, just click the add button and select the level where you want to add this levels, normally this is set as a number. The color of the level can also be changed on the style button marked silver along with the format of the line and the width of the line.

 

The next button shown below, visualization button is used to determine which time frame it should appear on:

Setting Chart Timeframes Options for Technical Analysis Tools

 

By default an indicator is set to appear on all the chart time frames, but you can uncheck the “All Time frames” option and select fewer chart time-frames where you want it to appear on, for example by selecting only the M15, H1 and H4, this way it will not appear on any other apart from these three, to have it show on all just check the “All Time frames” option.

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