How to Add Kurtosis Indicator on MT4 Charts - Adding MT4 Kurtosis Chart Indicator
Step 1: Open the Navigator Panel on Trading Platform Software
Open Navigator window as shown and illustrated below: Go to 'View' menu (press on it), then select 'Navigator' window (press), or From Standard Tool-Bar click 'Navigator' button or press key-board shortcut keys 'Ctrl+N'
On Navigator window, choose 'Indicators', (Double Press)
How Do You Add Kurtosis Indicator 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 expand button marker (+) or double-click the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the Kurtosis chart indicator from this list of trading indicators so as to add the Kurtosis indicator to the chart.
How Do I Add Kurtosis Indicator - From the Above window you can then place Kurtosis indicator that you as a trader want on the chart
How to Add Custom Kurtosis Indicator to MT4
If the technical indicator you want to add is a custom indicator - for example if the Kurtosis technical indicator you as a trader want to add is a custom indicator you will need to first add this custom Kurtosis indicator on the MT4 platform & then compile custom Kurtosis indicator so that the newly added Kurtosis custom indicator pops up on the list of custom indicators in MT4.
To learn how to install Kurtosis indicators on MT4, how to add Kurtosis indicator window to MT4 and how to add Kurtosis custom indicator in MT4 - How to add a custom Kurtosis indicator in MT4.
About Kurtosis Technical Indicator Tutorial Explained
Kurtosis Analysis & Kurtosis Signals
This indicator is used to help determine the sentiment of the market.
It is calculated in 3 parts.
- Kurtosis portion
- Fast Kurtosis
- Fast/Slow Kurtosis
Kurtosis portion is calculated using the formula:
K = n-periods momentum - n-periods momentum of 1 price bar before (current pbar's momentum value minus the previous bar's momentum value)
The Fast Kurtosis portion is calculated using the formula:
FK = n-periods MA of K
Fast/Slow Kurtosis portion is calculated using the formula:
FSK = n-periods Moving Average of FK
Forex Analysis & How to Generate Trading Signals
Bullish Signal - A buy signal gets generated when trading indicator crosses above zero mark.
Bearish Signal - A sell trade signal gets generated when technical indicator crosses below the zero mark.
Analysis in FX Trading
Study More Tutorials and Lessons:
- List of Gold Reviews Brokers Reviews
- How to Come up with Forex System Course Tutorial
- How to Build a Moving Average MA Envelopes Trade Strategy
- What is the Best XAU USD Leverage to Use in XAU/USD for Beginners?
- Advantages of MQL5 Signals to Traders Over Other Signals
- Stock Indices Trade Strategy for Stock Indices Germany GER30 Stock Indices
- Stock Index Trading Strategy Dow Jones
- How Can I Find MetaTrader 4 EUR SEK Chart?
