Indicators List on Charts Menu in MetaTrader 4 Forex Platform
On the charts menu in the MetaTrader 4 Platform, the first option is the Charts Menu. The indicators list is shown below; however it is grayed out meaning that as a trader for now you cannot use this button, so the question is how to activate? The button is shown below:
This list will be activated once some indicators are placed on the chart, from the example below the list button has been activated as shown below once the moving average and RSI have been added on the charts as shown below:
This option in MetaTrader 4 is used to list all the indicators that have been placed on the chart. For example once you click the above button a popup window will appear listing all the indicators placed on the chart.
As a trader you can choose any of the indicators listed here and either edit them or delete them. To edit or delete select a single indicator and click the “Edit” or “Delete” button.
To Edit, once you click the edit button, then the following window will appear:
From the above Edit Buttons
- Parameters Button - Edit parameters of an indicator such color, line width, calculation method, and the number of price periods used to calculate the settings.
- Levels Button - Add a level, for example add overbought level at 80% and oversold level at 20% on RSI, by selecting the “levels” button, then selecting the point 80 and click add, and repeat for point 20. (First Select The RSI to edit its settings)
- Visualization Button - Specify on which chart time-frame the indicator will appear on.
The second button is for “Delete”, if you want to delete one indicator or many of them at once, just select the one you want to delete and press this button.