Trade Forex Trading

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 (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 Set Kurtosis in MT4 Platform - MT4 Kurtosis - How Do I Use Kurtosis in Forex?

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 on a Chart? - How to Use Kurtosis Trading Indicator

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 - Kurtosis 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.

How Do I Use Kurtosis Indicator? - Kurtosis Settings in the MT4 Software - Adding MT4 Kurtosis Indicator

Analysis in Forex Trading

Study More Tutorials & Lessons:

Forex Broker