Best MT4 Indicators Free Download - Meta Trader 4 Indicators
MT4 indicators, Meta Trader 4 Technical Indicators can be found on the Insert Menu as a first option.
These Best MT4 Indicators Free Download option has a pop right button which shows the list of all the MT4 indicators under this option as illustrated below.
The Best MT4 Indicators Free Download list is shown below as a popup menu, at the top is a list of the MetaTrader 4 indicators most popularly used within the MetaTrader 4 software by the traders using this MT4 trading software. This MT4 indictors list, which vary from software to software based on the software being used.
Commonly Used MT4 Indicators in the Example Above - Best MT4 Indicators Free Download List
On the above examples the most oftenly used MetaTrader 4 Indicators, these are:
- Accelerator Oscillator
- Accumulation Distribution
- Alligator
- Average Directional Movement Index
- ATR Indicator
- Awesome Oscillator
FX Trading Trend Based
These are shown and illustrated below:
These are:
- Average Directional Movement Index
- Bollinger Bands Indicator
- Commodity Channel Index
- Moving Average Indicator
- Parabolic SAR
- Standard Deviation
The Trend Based Technical Indicators will basically show general direction of the trading market. These trend indicators will either move upwards in an upward trend or downwards in downward trend. (Or Sideways no direction /no trend).
A trader will therefore trade with the direction that is same as that indicated by these trend following indicators.
Oscillators
These Oscillators are displayed and shown below:
These FX Oscillator Indicators are:
- ATR Indicator
- Bears Power
- Bulls Power
- DeMarker
- Envelopes
- Force Index
- Ichimoku Kinko Hyo Indicator
- MACD
- Momentum
- MA of Oscillator
- RSI
- RVI
- Stochastic Indicator
- Williams Percent R
Volume Based
These are illustrated below:
These forex volume indicators are:
- Ac Dc
- Money Flow Index
- On Balance Volume
- Volumes
Volume in Forex don't measure the transaction volume as there is no central market like stock market, but they measure tick volume, the more tick volume the greater the number of trade transactions, therefore traders use tick volumes to measure the forex transaction volumes in the Market.
Bill Williams
The MetaTrader 4 Bill Williams Forex Indicators are shown below, these were developed by Bill William's hence their grouping as Bill William:
The Bill Williams Indicators are:
- Accelerator Oscillator
- Alligator
- Awesome Oscillator
- Fractals
- Gator Oscillator
- Market Facilitation Index
Custom Indicators - Best MT4 Custom Indicators
These custom technical indicators are shown below,
The Custom Indicators are:
- Accelerator
- Accumulation
- Alligator
- ATR
- Awesome Oscillator
- Bollinger ##BandsBand
- Bears Power
- Bulls Power
- CCI
- Heiken Ashi
- Ichimoku Kinko Hyo Indicator
- iExposure
- MACD
- Momentum
- Moving Averages Trading Indicator
- OsMA
- Parabolic SAR
- RSI
- Stochastic Indicator
- Zigzag
The SubMenu, within MetaTrader 4 Chart Indicators Insert Menu can be used to place these MT4 Chart Indicators on a chart by choosing and then clicking on the MetaTrader 4 Chart Indicator to place it on the chart - Best MT4 Indicators Free Download.
Once you click on an MT4 indicator the following window will pop:
As a trader you can just click the 'OK' button key to place MetaTrader 4 Chart Indicator on the chart.
You can also change a few MetaTrader 4 Chart Indicators setting, for example in the above MT4 Chart Indicator you can set the color style to blue, change the line width & change the period used to calculate the MT4 Chart Indicator settings.
A level can also be added by choosing the 'Levels' button as shown and illustrated below:
To add a level on a MetaTrader 4 Chart Indicator, just click the add button and choose the level where you want to add this areas, normally this is represented as a digit. 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 illustrated below, visualization button is used to figure out which chart time frame the MT4 indicator should appear on:
By default a forex MetaTrader 4 technical indicator is set to appear on all the chart time frames, but you can uncheck the "All Chart Time frames" option and choose fewer chart time frames where you want the MT4 indicator to appear on, for example by choosing only the M15, 1 Hour and H4, this way it won't appear on any other chart apart from these 3 chart timeframes - to have it show on all chart time frames just check the "All Chart Time frames" option. - Learn MT4 Indicators PDF Lesson - Indicators MetaTrader 4 Platform Software
