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Guide to Setting the Kurtosis Indicator on MetaTrader 4 Charts: Incorporating the MT4 Kurtosis 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 (click), or From Standard ToolBar click 'Navigator' button or press key board short-cut keys 'Ctrl+N'

On Navigator window, choose and select 'Technical Indicators', (Double Press)

How to Adjust Kurtosis in MT4 Platform - Understanding Kurtosis in Forex Trading

How Do You Add Kurtosis on MT4 - MT4 Kurtosis Indicator

Step 2: Open Indicators in Navigator - Add Kurtosis to MT4 Chart

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.

Guide on Adding and Applying the Kurtosis Trading Indicator to Charts

How Do I Add Kurtosis - From the Above window you can then place Kurtosis that you as a trader want on the chart

How to Set Custom Kurtosis to MT4

If the indicator is a custom one like Kurtosis, add it to MT4 first. Compile the custom Kurtosis indicator. Then it appears in the custom indicators list on the MT4 platform.

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's 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 candlestick before (current price candlestick's momentum value subtract the previous candlestick'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(MA) of FK

Kurtosis Technical Indicators - How to Use Kurtosis and Adjust Settings in MT4

FX Analysis and How to Generate Trading Signals

Bullish Signal - A buy signal is generated when the technical indicator crosses above the zero mark.

Bearish Signal Explained: A sell signal occurs when a technical indicator crosses below the zero level, indicating potential downside movement.

Using the Kurtosis Indicator - Kurtosis Setup in MT4 - Install Kurtosis Tool in MT4

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