How to Set Kurtosis on MetaTrader 4 Charts - Adding MT4 Kurtosis Chart Indicator
Step 1: Open Navigator Panel on Trading Software Platform
Open Navigator window like as shown & illustrated below: Go to the 'View' menu (press on it), then select 'Navigator' window (press), or From Standard ToolBar click 'Navigator' button or press key board short-cut keys 'Ctrl+N'
On Navigator window, choose and select 'Indicators', (Double Press)
How Do You Add Kurtosis on MT4 - MT4 Kurtosis Indicator
Step 2: Expand the Indicators Menu on the Navigator - Adding Kurtosis MT4 Chart Indicator
Expand the menu by pressing the open tool mark point " + " or double-click the 'indicators' menu, after which this particular given button will appear and be shown as (-) & will now display a list just as shown below - choose the Kurtosis chart indicator from this list of indicators so as to add the Kurtosis to the chart.
How Do I Add Kurtosis - From the Above window you as a trader can then place Kurtosis that you as a trader want on the chart
How to Set Custom Kurtosis to MT4
If the indicator you want to add is a custom technical indicator - for example if the Kurtosis you as a trader want to add is a custom indicator you will need to first add this custom Kurtosis on the MT4 software & then compile custom Kurtosis so that as the newly added Kurtosis custom indicator pops up on the list of custom indicators on the MT4 Platform Software.
To learn how to install Kurtosis indicators on MT4 Platform, how to add Kurtosis window to MT4 and how to add Kurtosis custom indicator on the MT4 Software - How to add a custom Kurtosis in MT4 Platform.
About Kurtosis Tutorial Explained
Kurtosis Analysis and Kurtosis Signals
This indicator is used to help identify the sentiment of the market.
It is calculated in 3 parts.
- Kurtosis part
- Fast Kurtosis
- Fast/Slow Kurtosis
Kurtosis part is calculated using this formula:
K = n-periods momentum - n-periods momentum of 1 price bar before (current price bar's momentum value minus the previous bar's momentum value)
The Fast Kurtosis part is calculated using this formula:
FK = n-periods MA Moving Average of K
Fast/Slow Kurtosis part is calculated using this formula:
FSK = n-periods Moving Average of FK
FX Analysis and How to Generate Trading Signals
Bullish Signal - A buy signal gets derived/generated when indicator crosses above zero mark.
Bearish Signal - A sell trade signal gets derived/generated when technical indicator crosses below the zero mark.
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