Indicators Insert Option on MT4 Insert Menu - MetaTrader 4 Technical Indicators
MetaTrader 4 indicators, MetaTrader 4 Technical 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 illustrated 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 platform by the 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 examples the most commonly used MT4 Indicators, these are:
- Accelerator Oscillator
- Accumulation/Distribution
- Alligator
- Average Directional Movement Index
- Average True Range Indicator
- Awesome Oscillator
Forex Trading Trend Based
These are shown and illustrated below:
These are:
- Average Directional Movement Index
- Bollinger Band Indicator
- Commodity Channel Index
- Moving Average Indicator
- Parabolic SAR
- Standard Deviation
The Forex Trend Based Technical Indicators will basically show general direction of the FX market. These trend indicators will either move upward in an upwards forex trend or downwards in a downwards trend. (Or Sideways no direction /no forex trend).
A trader will therefore trade with the direction that is same as that indicated by these forex trend following indicators.
Oscillators
These Oscillators are shown and illustrated below:
These Forex Oscillator Indicators are:
- Average True Range Indicator
- Bears Power
- Bulls Power
- DeMarker
- Envelopes
- Force Index
- Ichimoku Kinko Hyo Indicator
- MACD
- Momentum
- Moving Average of Oscillator
- Relative Strength Index
- Relative Vigor Index
- Stochastic Oscillator Indicator
- William’s Percent Range
Volume Based
These are shown below:
These forex volume indicators are:
- Accumulation/Distribution
- Money Flow Index
- On Balance Volume
- Volumes
Volume in Forex don't 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 MT4 Bill William Forex Indicators are shown below, these were created by Bill Williams hence their grouping as Bill William:
The Bill William Indicators are:
- Accelerator Oscillator
- Alligator
- Awesome Oscillator
- Fractals
- Gator Oscillator
- Market Facilitation Index
Forex Custom Indicators - Best MetaTrader 4 Custom Indicators
These custom indicators are shown below,
The Custom Indicators are:
- Accelerator
- Accumulation
- Alligator
- ATR
- Awesome Oscillator
- Bollinger Band Indicator
- Bears Power
- Bulls Power
- CCI
- Heiken Ashi
- Ichimoku Kinko Hyo Indicator
- iExposure
- MACD
- Momentum
- Moving Averages FX Trading Technical Indicator
- OsMA
- Parabolic SAR
- RSI
- Stochastic Oscillator Indicator
- Zigzag
The SubMenu, within MetaTrader 4 Indicators Insert Menu can be used to place these MetaTrader 4 Indicators on a forex 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 technical indicator the following pop up will appear:
As a trader you can just click the "OK" button to place MetaTrader 4 Indicator on the forex chart.
You can also change a few MetaTrader 4 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 'Areas' button as shown & illustrated below:
To add a level on a MetaTrader 4 indicator, just click the add button key & select the level where you want to add this zones, normally this is set as a number. Color of the level can also be changed on the style button key marked silver along with the format of the line & the width of the line.
The next button shown below, visualization button is used to determine which forex chart time frame the MT4 technical 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 & 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 MetaTrader 4 Technical Indicators PDF Tutorial - Forex Indicators MT4 Platform
