Indicators Insert Option on MetaTrader 4 Insert Menu - MetaTrader 4 Technical Indicators
MetaTrader 4 indicators, MT4 Indicators can be found on the Insert Menu as the first option.
These best MT4 Indicators option has a pop right button that shows the list of all the MetaTrader 4 forex indicators under this option as shown below.
The best MT4 indicators list is shown below as a popup menu, at the top is a list of the MT4 indicators most popularly used within the MT4 forex platform by the forex traders using this MT4 software. This MT4 forex indictors list, which vary from platform to platform depending on the forex platform being used.
Commonly Used MT4 Indicators in the Example Above - Best MT4 Indicators List
On the above example the most commonly used MT4 Indicators, these are:
- Accelerator Oscillator
- Accumulation/Distribution
- Alligator
- Average Directional Movement Index
- Average True Range
- Awesome Oscillator
Trend Based
These are shown below:
These are:
- Average Directional Movement Index
- Bollinger Bands
- Commodity Channel Index
- Moving Average
- Parabolic SAR
- Standard Deviation
The Forex Trend Based Indicators will basically show the general direction of the forex market. These trend indicators will either move upwards in an upward forex trend or downward in a downward forex trend. (Or Sideways no direction /no forex trend).
A forex trader will therefore trade with the direction that is the same as that indicated by these forex trend following indicators.
Oscillators
These Oscillators are shown below:
These Forex Oscillator Indicators are:
- Average True Range
- Bears Power
- Bulls Power
- DeMarker
- Envelopes
- Force Index
- Ichimoku Kinko Hyo
- MACD
- Momentum
- Moving Average of Oscillator
- Relative Strength Index
- Relative Vigor Index
- Stochastic Oscillator
- William's Percentage Range
Volume Based
These are shown below:
These forex volume indicators are:
- Accumulation/Distribution
- Money Flow Index
- On Balance Volume
- Volumes
Volume in Forex do not measure the transaction volume as there is no central forex market like stocks market, but they measure the tick volume, the more tick volume the more the number of forex trade transaction, therefore forex traders use tick volumes to estimate the forex transaction volumes in the Forex Exchange Market.
Bill Williams
The MetaTrader 4 Bill Williams Forex Indicators are shown below, these were developed by Bill Williams hence their grouping as Bill Williams:
The Bill Williams Indicators are:
- Accelerator Oscillator
- Alligator
- Awesome Oscillator
- Fractals
- Gator Oscillator
- Market Facilitation Index
Forex Custom Indicators - Best MT4 Custom Indicators
These forex custom indicators are shown below,
The Custom Indicators are:
- Accelerator
- Accumulation
- Alligator
- ATR
- Awesome Oscillator
- Bollinger Bands
- Bears Power
- Bulls Power
- CCI
- Heiken Ashi
- Ichimoku Kinko Hyo
- iExposure
- MACD
- Momentum
- Moving Averages
- OsMA
- Parabolic SAR
- RSI
- Stochastic Oscillator
- Zigzag
The Sub Menu, within the MT4 Forex Indicators Insert Menu can be used to place these MetaTrader 4 Forex Indicators on a forex trading chart by selecting and then clicking on the MT4 Chart Indicator to place it on the forex chart.
Once you click on an MT4 forex trading indicator the following popup will appear:
As a forex trader you can just click the "OK" button to place the MT4 Forex Indicator on the forex trading chart.
You can also change a few MT4 Indicators setting, for example in the above MetaTrader 4 Indicator you can set the color style to blue, change the line width and change the period used to calculate the MT4 Indicator settings.
A level can also be added by selecting the "Levels" button as shown below:
To add a level on a MetaTrader 4 forex indicator, just click the add button and select the level where you want to add this levels, normally this is set as a number. The color of the level can also be changed on the style button marked silver along with the format of the line and the width of the line.
The next button shown below, visualization button is used to determine which forex chart time frame the MT4 indicator should appear on:
By default a forex MT4 indicator is set to appear on all the forex chart time frames, but you can uncheck the "All Time frames" option and select fewer forex chart time frames where you want the MT4 indicator to appear on, for example by selecting only the M15, H1 and H4, this way it will not appear on any other forex chart apart from these three forex chart time frames - to have it show on all forex chart time frames just check the "All Time frames" option. - Learn MT4 Technical Indicators PDF Tutorial - Forex Indicators MT4 Platform
